Artbyte went half way last night. It has a solid base to build from for sure.

ArtByte announced that SegWit is now enabled on their testnet.

This article discusses the very large price gains achieved by Litecoin, Syscoin And Digibyte when they implemented SegWit.

"Little-known altcoin DigiByte is following Litecoin and Syscoin in making investors rich with impending SegWit activation."
Read full article: http://bitcoinist.com/altcoins-segwit-price-boost/

Artbyte is in the early stage of implementing SegWit, currently running SegWit on its testnet. Over the weekend artbyte has already seen a big price move and record volume.

Will it follow the pattern?

ArtByte is not as well known because it is a niche coin that was created to support artists of all kinds. But it is a very good coin, with active development, launched in May 2014. https://bitcointalk.org/index.php?topic=503131.0

ArtByte price already moving up based on SegWit updates.

ArtByte released a detailed update on its SegWit implementation.

Full article, including changelog here: Road to SegWit


Summary of article:

"As ArtByte announced on June 10th, we are implementing SegWit on the ArtByte blockchain.

Our developers have been hard at work, and now ArtByte 0.13, including SegWit is successfully running on the test net.

Upgrading ArtByte to 0.13 gives ArtByte many advantages, including:

• Faster synchronization
  Dynamic transaction fees  
  Priority transactions  
  Hierarchical Deterministic Key Generation  
  BIP65 Enforce OP_CHECKLOCKTIMEVERIFY opcode
  BIP68 Enforce sequence locks for relative locktime
  BIP112 Enforce OP_CHECKSEQUENCEVERIFY
  BIP113 Locktime enforcement soft fork
  BIP130 Direct headers announcement  
  BIP152 Compact Block support

SegWit will add the following advantages to ArtByte:

• Elimination of unwanted transaction malleability
  Capacity increase
  Weighting data based on how it affects node performance
  Signature covers value
  Linear scaling of sighash operations
  Increased security for multisig
  More efficient almost-full-node security
  Script versioning
  And more.."

Coinbase has everyone's private keys. The BCC is there and should be sent to the owners of the wallets.

It is an altcoin for now. Who knows though, it may catch bitcoin. Would that make it the original??

I have always held my ArtByte from bounties and it has paid off well. I have also mined & invested in ArtByte from the beginning (2014).

It is rare for an established coin to still have bounties, but ArtByte does special events all the time. They have two going now:

One for forum ranks (their forum) http://forum.artbyte.me/topic/69-forum/

One for tipping on Twitter: http://forum.artbyte.me/topic/4757-artbyte-summer-artists-festival-details/

My most profitable bounty events has been with ArtByte. I have also mined & invested in ArtByte from the beginning (2014).

It is rare for an established coin to still have bounties, but ArtByte does special events all the time. They have two going now:

One for forum ranks (their forum) http://forum.artbyte.me/topic/69-forum/

One for tipping on Twitter: http://forum.artbyte.me/topic/4757-artbyte-summer-artists-festival-details/

working for me

I think you can start accumulating today. Bitcoin's success on August 1 is not guaranteed, but it is looking good.

Steem has a formula awarding posts based on comments, reputation, etc.  Steem Platform

Doge users still receive tips for posts and comments on Reddit. Dogecoin Subreddit

ArtByte rewards users as they achieve forum ranks, based on posts & comments. ArtByte Forum


Any other coins do this?

I think it will become a very big thing. With Music platforms it is easy to setup, as both coins have.

And I have seen an ArtByte post where they are developing a 3D Virtual Reality Art Gallery, where artists can display their work for sale, or tips. The post is on their Announce thread.

Both coins have a big future I think.

I think it is a good longterm investment. I have been slowly accumulating during the price drop.

If Bitcoin forks it will be a killer for everyday user acceptance. Non cryptogeeks barely understand Bitcoin, talk to them about two different Bitcoins and they will turn away for sure.

I think most of the new ICOs are very risky. You must do your research!!

Both coins are great for musicians, a very positive use of blockchain technology.

Musicoin went live in 2017. ArtByte went live in 2014 (added the ArtByte Music Store in 2015) Both have active communities and development.

Musicoin runs on Ethereum and uses smart contracts technology to be able to split payments, say for a band when a song is purchased, it pays the singer, guitarist, drummer, etc.

ArtByte runs on it's own blockchain. ArtByte Music Store pays musicians 100% of sales proceeds.

My question is over valuation.

Musicoin is for musicians & fans.
ArtByte is for all types of artists (musicians, painters, dancers, actors, writers, photographers, film makers, sculptors, etc.) & fans.

Musicoin has a marketcap today of $4,620,362
ArtByte has a marketcap today of $3,309,639

I think both are significantly underpriced and would make a good longterm investment. Both trade on Bittrex.
But I think ArtByte has a much bigger market, since it supports all types of Artists.

Musicoin: https://musicoin.org/
ArtByte: http://artbyte.me


Opinions/Comments?

Ethereum is good at many things, but not for basic transactions. It is not a threat to BTC, they are very different applications.