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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: December 09, 2017, 02:22:59 AM
Version 2.0 of Byteball wallet released https://github.com/byteball/byteball/releases

It allows to send Bytes by email or via chat apps.  Even if the recipient is not in Byteball yet.

It's the biggest update since the invention of cryptocurrency wallet, more details at https://medium.com/byteball/sending-cryptocurrency-to-email-5c9bce22b8a9



2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 21, 2017, 04:57:36 PM
Meet our new cashback partner, a hair salon in Kyoto.  It is headed by Satoshi, a Byteball fan.

http://lp-kyoto.jp/
http://blog.lp-kyoto.jp/

3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 21, 2017, 03:40:02 PM
An update about future distribution plans.

So far, bytes were mainly distributed via airdrops to holders of BTC and Bytes, and a relatively small portion was distributed through the cashback program.  We started this free distribution with the purpose of getting the currency as wide spread as possible, and while the purpose stays the same, methods can change.  The airdrop method worked well to get the initial user base, but it also proved to be the least efficient in terms of user acquisition cost.

Over the next few months, we'll add more methods of free distribution.  One of them is already being developed, I expect it to be ready in the first half of December. 

The new methods are designed to grow our user base faster than the money supply.

While the new methods are still untested, it is early to drop the airdrops.  That's why the next round of distribution to Bytes and BTC holders is tentatively planned for the full moon of March 2, 2018.  The rules are the same as in the previous round:

For every 16 BTC you receive 0.1 GB,
For every 1 GB you receive additional 0.1 GB,

and similar rules for blackbytes.

This round can be postponed or even canceled depending on performance of other distribution methods.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 21, 2017, 02:50:16 PM
Our sports oracle now supports UFC.  Thanks @Freefactomizer for contributing the code!



Betting bot also supports UFC now.

5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 15, 2017, 10:55:57 AM


Byteball-Altcoin Exchange Bot


Why should you use this? Fee at Bittrex is just 0.25% and you got a lot of ALTs there

Convenience.  Order books are not for everyone.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 14, 2017, 10:15:06 PM
A nice addition in our Bot Store.  Again, from an independent developer.

Byteball-Altcoin Exchange Bot

Exchange over 60 altcoins to Bytes, Bytes to altcoins, or altcoins to altcoins. Receive your coins as fast as the network confirms your transaction. The fee is only 0.75%.  Powered by Changelly.

Developer: Robert Huber, http://byteball-exchange-bot.com

7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 13, 2017, 06:22:18 PM
i had a question regarding the decentralised nature of byteball. It seems that the smart contracts are just bots using some special features making them very centralised. Any comments or feedback would be great.


What do you mean? Smart contracts can be used by anyone. You probably mean the oracles? Like the time oracle, which is a node that posts timestamps. Its true there is only one at the moment. But anyone could create one and utilize it. Or even a bunch of them and creat a smart contract which uses 5 oracles as a source.

I am yet to find the protocols for a smart contract / smart contract code, is there a documentation explaining how to code a smart contract on byteball?

The white paper https://byteball.org/Byteball.pdf, section 21.

My comment is based on: https://github.com/byteball/ico-bot

Which is just a bot to run the ICO to interact with the database. Which is not really a smart contract.

This particular bot doesn't use smart contracts.  There is another one https://github.com/byteball/conditional-token-sale that sells tokens based on smart contracts, but for ICOs, they are not really required.  There is no problem that a smart contract would solve when you still have to trust the team that they will build what they promise to build.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 13, 2017, 06:10:50 PM
Version 1.11.5 released https://github.com/byteball/byteball/releases

This is a bugfix release that fixes the remaining "removing stable units" errors and fixes payment requests that were broken in 1.11.3.

This may be a stupid question but is it safe to upgrade directly to this latest wallet version from a very old one after skipping updates? I'm asking because with IOTA this caused issues for users who missed on crucial steps that were required with some of the updates. Thanks!

Yes it is safe.  Just be prepared that the database upgrade will take some time when the wallet starts for the 1st time after the upgrade.  A backup would never hurt.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 13, 2017, 04:49:03 PM
Version 1.11.3 released https://github.com/byteball/byteball/releases

* Added support for user friendly asset names.  However you will see the names in the wallet only after we set up the registries.  More about it later.

Sorry for the delay, recent wallet issues took too much time.  This is how the registry system is supposed to work.

Asset names are supposed to be assigned by trusted users/businesses called registries.  Any number of registries can exist, and each hub will have a list of registries it trusts.  Only names assigned by trusted registries will be broadcast to wallets connected to the hub.

The registries post data records like this https://explorer.byteball.org/#kYdnCr84pe/T7QJRLV0Yknf24+n9K9c9AGZclgS8WVA=
Pay attention to the Data section of this unit:
Code:
asset: 9x6ZmDXonsyLhv2lEc5snj04MPiQ8tMq7m8qSJLac8o=
name: tonycoin
decimals: 2
It says that registry 3Y24IXW57546PQAPQ2SXYEPEDNX4KC6Y (the author of this unit) assigned name "tonycoin" to asset 9x6ZmDXonsyLhv2lEc5snj04MPiQ8tMq7m8qSJLac8o= and its amounts must be displayed with 2 decimal places.

Anyone can post such a record and be a self-proclaimed registry, they need to use only the standard wallet with its recently added data posting functionality.

However, to make these names visible by users, the registry must be trusted by hubs.  It is in the interest of the hubs to create a safe environment for their users where asset names are unique, clear, and fairly assigned, without names that were created to deliberately confuse, mislead, or scam people, and without name squatting.  That's why the hubs are expected to trust only those registries whose policies meet their quality criteria.

Each hub can have its own set of criteria, here is what I would expect from a registry to be trusted:

- it should never register the same name to two different assets
- it should do its best to avoid registering a name that was already registered by another trusted registry to another asset (impossible to totally exclude e.g. if they make registrations at nearly the same time)
- it should not register names that are meant to mislead people.  E.g. names that are similar to existing ones, names using spelling tricks (lowercase L for uppercase I, etc), names that are already associated with something else (e.g. a random guy cannot apply to register "microsoft")
- it should not register dictionary words to avoid name squatting.  When the asset is still associated with a dictionary word, it must be qualified, e.g. with the owner's name.  For example, you can't register a "pizza" but can register "PapaJohnsPizza" or "DominosPizza".  The registries may use a hierarchical structure in such cases, e.g. papajohns.pizza, dominos.pizza, hawaiian.dominos.pizza.  The registry should verify the owner's name, either on its own, or relying on a third-party verification (such as attestation).  In any case, the responsibility is with the registry.
- invented words are OK.  E.g. it was OK to register "google" in 1997.

It all sounds similar to trademark registration, just more decentralized with multiple competing registries.

Registration is a manual process and takes some work and human judgement to validate each application.  That's why registries are supposed to charge a fee for their work.

If the same name is still registered to different assets by different registries, and both registries are trusted by the hub, the hub should append a suffix with the registry name to remove ambiguity in the wallets.  Otherwise, the suffix is not displayed to make the name shorter.

The end result is, asset names are unique and honest, making the environment safe for users.  This is different from other platforms (such as Waves) where duplicate names are allowed, anyone can register anything, and users have to be constantly on guard against scams.

------

Now, we still have 0 trusted registries on the default hub byteball.org and the assets in the wallets are still cryptic hashes.  My proposal is that we elect 1 or 2 registries to start with.  We already have a poll bot and can put it to use here.  If this sounds like a good idea, let's start with nominations.

10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 13, 2017, 12:11:00 AM
Version 1.11.5 released https://github.com/byteball/byteball/releases

This is a bugfix release that fixes the remaining "removing stable units" errors and fixes payment requests that were broken in 1.11.3.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 11, 2017, 01:02:51 AM
Version 1.11.3 released https://github.com/byteball/byteball/releases

* Added support for user friendly asset names.  However you will see the names in the wallet only after we set up the registries.  More about it later.
* Fixed a bug that crashed some full nodes with the error "removing stable witnessed unit"
* Fixed a bug that prevented unlocking of deeply nested smart contracts
* Improved sync performance of full nodes: sometimes validation of a new unit took about 30 seconds, now reduced to roughly 100ms

The update is mandatory for full nodes.  After the restart, full nodes will take some time (about 5 minutes on SSD disks) to upgrade the database for better performance, be patient.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 08, 2017, 04:31:02 PM
Our web site is partially translated into several languages:

Russian: https://byteball.org/index.html.ru
Chinese: https://byteball.org/index.html.zh
Japanese: https://byteball.org/index.html.ja

Please contribute to translations through crowdin: https://crowdin.com/project/byteball-web
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 07, 2017, 07:11:07 PM
The owner of Osteria Il Trullo restaurant in Milan is doing great job expanding our cashback program.  He has recruited 12 new merchants in Milan in the area around his restaurant.



To get the cashback, you keep your fiscal receipt, walk to one of the two Distribution Points, and receive cashback in Bytes according to the amount on the receipt.

See details:
English: https://byteball.org/milan/
Italian: https://byteball.org/milano/
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 07, 2017, 06:37:25 PM
Distribution of Bytes is now finished.
61,299.720840161 GB distributed
645,222.052937914 GB is available supply after the distribution.

Distribution of blackbytes will start in a few hours and will take a few days, be patient.  I'll post here when it is complete.

I'll decide and announce the plans for future distribution around mid-November.  But it is already certain that we skip the December full moon.  The purpose of the free distribution is in acquiring new users, and we should use the remaining undistributed coins most efficiently.  That's why we are slowing down the distribution and gradually phasing out the method based on balances, which is not expected to produce much positive impact any more.  Cashback has already proved more efficient in terms of cost of user acquisition, albeit it is still slow.  Other product updates linked to the distribution are still in the making but not certain enough to speak about them now, I expect more certainty in the middle of November.

Distribution of blackbytes is now finished.

I know about the "removing stable witnessed unit" error, working on it.
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 04, 2017, 07:14:03 PM
Distribution of Bytes is now finished.
61,299.720840161 GB distributed
645,222.052937914 GB is available supply after the distribution.

Distribution of blackbytes will start in a few hours and will take a few days, be patient.  I'll post here when it is complete.

I'll decide and announce the plans for future distribution around mid-November.  But it is already certain that we skip the December full moon.  The purpose of the free distribution is in acquiring new users, and we should use the remaining undistributed coins most efficiently.  That's why we are slowing down the distribution and gradually phasing out the method based on balances, which is not expected to produce much positive impact any more.  Cashback has already proved more efficient in terms of cost of user acquisition, albeit it is still slow.  Other product updates linked to the distribution are still in the making but not certain enough to speak about them now, I expect more certainty in the middle of November.
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 04, 2017, 06:21:55 PM
I'm working on translation of newly added strings. Can anybody advise what "key value pairs of data" in below string refers to?

Quote
Post arbitrary key-value pairs of data into Byteball network.

Does the word "key" meaning is as in "cryptographic key" or key as "crucial"?

Neither of the two.  It's devspeak Smiley
Here "key" is like "index", see 19 in http://www.dictionary.com/browse/key
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 04, 2017, 06:07:59 PM
[And how do you change the number for TitanCoin display in your wallet, its pretty huge numbers?

Currently it is displayed in "TitanPennies" (1 TitanCoin = 1,000,000 TitanPennies).  We'll have user friendly names and decimals in the next wallet update.
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: November 03, 2017, 11:31:33 PM
Now we have the first real-world project that chose Byteball as a platform for their ICO.

It is TitanCoin: http://titan-coin.com/en/
One-pager: http://titan-coin.com/one-page-ENG.pdf

They are going to raise $11.2 to buy equipment for processing raw materials into Titanium dioxide.  Me and Steve serve as advisors for the project.
PreICO starts now and will raise only in Bytes with generous bonus for early investors.

It is also one of the first industrial ICOs.

This will be the first use of our ICO bot which was published on github just recently https://github.com/byteball/ico-bot.  The bot is designed to help entrepreneurs raise funds and distribute their tokens, easily and securely.  This early version accepts only Bytes, it will be extended to also accept BTC and ETH, and possibly USDT.  The tokens are issued immediately after the payment is confirmed.

TinanCoin ICO bot is already in the Bot Store.

19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 25, 2017, 10:26:05 PM
Version 1.11.2 released https://github.com/byteball/byteball/releases

* It fixes the bug that caused many full nodes to crash recently
* Also fixes a bug that led to white screen when starting the app on Android 4.4

Upgrade is mandatory for full clients.
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 19, 2017, 11:30:38 PM
Version 1.11.1 released https://github.com/byteball/byteball/releases

It fixes a bug when single-address wallet didn't keep the promise of single address in some circumstances.

Also, the human readable display of smart contracts now names the peer address as just 'peer' to make it easier to read.
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