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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1164551 times)
StandingTall
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November 27, 2017, 02:28:45 AM
 #15361

It's not rocket science to make confirmations faster with byteball. Transactions are confirmed when witness broadcasts a unit of transactions into the DAG database. To do so witness needs to pay fee for adding data. Witness earns fees from transactions included in the unit payed by users broadcasting transactions itself. When there's not many transactions it's expensive for witness to post new units every 1 or 2 seconds. When there's plenty of transactions witnesses can post units more frequently making confirmations faster.

Conclusion - transactions will be confirmed faster when there's more transactions and witnesses can earn users' fees to post units more frequently.

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Freefactomizer
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November 27, 2017, 08:00:37 AM
 #15362

I have a question.

I just watched MacOS library of sheer curiosity and in "Default" folder in Byteball Application Support found the following files:

- top sites
- top sites-journal
- visited links
- web data
- web data-journal

Not that I am accusing someone or something, but would the developer or someone smarter than me answer why are they called so and what is their function?



Byteball core and its GUI is coded with a browser language (Javascript). The GUIs use the NW.js framework which is basically a browser software available for multiple platforms. That's why you may found this kind of files related to browsing even if it they are not relevant for Byteball.

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Blackmet
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November 27, 2017, 08:06:21 AM
 #15363

I have a question.

I just watched MacOS library of sheer curiosity and in "Default" folder in Byteball Application Support found the following files:

- top sites
- top sites-journal
- visited links
- web data
- web data-journal

Not that I am accusing someone or something, but would the developer or someone smarter than me answer why are they called so and what is their function?



Byteball core and its GUI is coded with a browser language (Javascript). The GUIs use the NW.js framework which is basically a browser software available for multiple platforms. That's why you may found this kind of files related to browsing even if it they are not relevant for Byteball.

Thank you for the explanation.

pxrunes
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November 27, 2017, 08:44:29 AM
 #15364



Only 4 hours left to participate in the luckybytes jackpot!
Pot size: 1624 MB (440$), and raising.


Only 78 Tickets sold - thats very good odds.
Ticket costs only 11 MB (2,9$)
Join at https://lucky.byte-ball.com

SweetHodler
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November 27, 2017, 08:59:33 AM
 #15365

Can somebody be so kind and explain to me in layman language how to trade my blackbytes for GBYTE. I have been holding for a few drops and have quiet a few accumulated. Never did the trade though. Months ago when there was no bot to do it I belive I was looking at slack to get a trade going but it seemed so complex I gave up. Would much appreciate it.
pxrunes
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November 27, 2017, 09:12:50 AM
 #15366

Can somebody be so kind and explain to me in layman language how to trade my blackbytes for GBYTE. I have been holding for a few drops and have quiet a few accumulated. Never did the trade though. Months ago when there was no bot to do it I belive I was looking at slack to get a trade going but it seemed so complex I gave up. Would much appreciate it.

Just connect with Freebe.
Or go to the website and click on "pairing" its super easy.

Than you simply type "sell 50g <you address>" and it lets you sell your blackbytes for the best market price.
Like this:



Also check out the help section of the  website for detailed instructions!

Happy trading.

paparadis
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November 27, 2017, 02:24:14 PM
 #15367

Can anyone tell me why price of Byteball should rise up?

I read much about it and I belive that Byteball is udervalued and it will rise soon.

I am asking because it is always better to know more opinions Smiley

Not long time ago people were buying GBYTE because of the airdrops (and were immediately dumping it on Bittrex ) and neglecting the technology completely. Now when airdrops have been put on pause (till march 2018...) people can & will reconsider the coin and its potential. The main goal was to promote Byteball as much as possible among the Bitcoin community (the largest to date) and it was done in a timely manner and smartly. Now its time to explore it and use it properly.

Taking into account only the heavy development work which is ongoing non-stop since launch of the project,  creates trust to this project (check github). Coinmarketcap displays majority ICOs coins with no product whatsoever just WP site (in best case scenario), so ask yourself, when the dust settles with ICOs where the money will go? (90% of them will fail at the end). I personally believe in projects that have a solid foundation, reputation and product of course and Byteball has its all.

P.S. I mentioned only the development, not the actual possibilities of the Byteball  Wink

Yes it makes sense. Thank you! Smiley
cele0murt
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November 27, 2017, 02:35:14 PM
 #15368

So I'm a bit confused.  I thought the idea behind DAG tech was it scaled better due to lack of a blockchain.  But there's a cap on TPS and such?  I understand the limiting factor in blockchains is the data cap per block (obviously this can be raised but that creates blockchain bloat and node centralization issues).

What is the limiting theoretical factor for scaling DAG?
Freefactomizer
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November 27, 2017, 03:05:29 PM
 #15369

So I'm a bit confused.  I thought the idea behind DAG tech was it scaled better due to lack of a blockchain.  But there's a cap on TPS and such?  I understand the limiting factor in blockchains is the data cap per block (obviously this can be raised but that creates blockchain bloat and node centralization issues).

What is the limiting theoretical factor for scaling DAG?

For DAG, the limiting factor is how fast full nodes can push data into a DB. It may look limited now when you use the current non-optimized implementation on standard hardware, but don't worry, the tech to scale up DB is already available.

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cele0murt
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November 27, 2017, 03:23:23 PM
 #15370

Ok so let's talk practicality then.  What is needed to get to 100 TPS?  1000?  An increase in the number of full nodes?   Some change in the programming protocol?  I have read up on DAG but have trouble grasping all the technicalities so I don't really understand the mechanism for consensus. 
pxrunes
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November 27, 2017, 04:06:13 PM
Last edit: November 27, 2017, 04:19:26 PM by pxrunes
 #15371



Introducing cool new Feature at Freebe:
Create white- and blackbyte vouchers to introduce ByteBall to newcommers!

With Freebe you now can create voucher codes as give-aways to promote ByteBall to other users. This can be very handy because you don't need to pair up with every user you want to give blackbytes for example!

To create a (White)-Bytes voucher at a certain amount simply type the following command: voucher [amount] [optional: quantity] for the amount you can use any unit, such as "g", "m" or "k". this is an example: voucher 0.05g. It will create one voucher funded with 0.05 GB.



If you want to create a blackbyte voucher you can use the following command: voucherblack 100m 2. This will create 2 vouchers each funded with 100 MBB.



To redeem one of these codes simply type them into the chat window. This is an example:




More information availabe at: http://freebe.byte-ball.com

paparadis
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November 27, 2017, 07:16:53 PM
 #15372

Good news for community. It will help to increase number of users.
pxrunes
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November 27, 2017, 07:53:43 PM
 #15373

To everyone going to Belin.hub why not create a few byteball vouchers at freebe. Top them up with bytes or blackbytes, print them and than hand them out to people?
You can easily check the status and redeem them yourself if they dont get used by the people!

Dawidxx7
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November 27, 2017, 10:00:29 PM
 #15374

I have a problem with updating to a newest version. I have 1.10.0 and the transition bot doesn't know bech32 address format so i can't add it :/. Do the newest version recognize this format?
CryptKeeper
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November 27, 2017, 11:13:57 PM
 #15375



Introducing cool new Feature at Freebe:
Create white- and blackbyte vouchers to introduce ByteBall to newcommers!

<snip>
Great feature, please retweet: https://twitter.com/cryptkeeperbtt/status/935282450225299456

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
p2pGames
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November 28, 2017, 03:11:16 AM
 #15376

amazing!!! it's airdrop in real life.

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SweetHodler
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November 28, 2017, 03:23:04 AM
 #15377

Can somebody be so kind and explain to me in layman language how to trade my blackbytes for GBYTE. I have been holding for a few drops and have quiet a few accumulated. Never did the trade though. Months ago when there was no bot to do it I belive I was looking at slack to get a trade going but it seemed so complex I gave up. Would much appreciate it.

Just connect with Freebe.
Or go to the website and click on "pairing" its super easy.

Than you simply type "sell 50g <you address>" and it lets you sell your blackbytes for the best market price.
Like this:



Also check out the help section of the  website for detailed instructions!

Happy trading.

Thank you very much for this sir, seems simple now. However apparently I have an old byteball wallet version v1.9.0 . Now I have this wallet on a PC I just control remotely since I am travelling and did not touch the byteball wallet for ages. What is the easiest and safest way to update my wallet and not mess something up? I am a newbie in these regards so any help would be much appreciated.
tiaozhanziwo
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November 28, 2017, 05:58:01 AM
 #15378

I have an old byteball wallet version v1.9.0 too. I can not update it, I'm afraid my black ball will run away.
pxrunes
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November 28, 2017, 06:01:40 AM
 #15379

Can somebody be so kind and explain to me in layman language how to trade my blackbytes for GBYTE. I have been holding for a few drops and have quiet a few accumulated. Never did the trade though. Months ago when there was no bot to do it I belive I was looking at slack to get a trade going but it seemed so complex I gave up. Would much appreciate it.

Just connect with Freebe.
Or go to the website and click on "pairing" its super easy.

Than you simply type "sell 50g <you address>" and it lets you sell your blackbytes for the best market price.
Like this:



Also check out the help section of the  website for detailed instructions!

Happy trading.

Thank you very much for this sir, seems simple now. However apparently I have an old byteball wallet version v1.9.0 . Now I have this wallet on a PC I just control remotely since I am travelling and did not touch the byteball wallet for ages. What is the easiest and safest way to update my wallet and not mess something up? I am a newbie in these regards so any help would be much appreciated.

Please make a full Backup and than download the update and install it. Never saw someone loosing anything from an update.

HybCZ
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November 28, 2017, 06:03:55 AM
 #15380

I have an old byteball wallet version v1.9.0 too. I can not update it, I'm afraid my black ball will run away.

What about support on it. Hope they will solve this problem out becouse you are not only one with this problem.
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