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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1233941 times)
BitcoinArsenal
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April 22, 2018, 01:16:33 PM
 #18381

I received my first few WCG tokens. Thanks for it. But why is the name a long character code starting with DAHn....f0= instead of a name like WCG-Tokens? A bit confusing. Before I saw the chat message that I received tokens I was not sure what those tokens about.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Freefactomizer
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April 22, 2018, 02:32:09 PM
 #18382

I received my first few WCG tokens. Thanks for it. But why is the name a long character code starting with DAHn....f0= instead of a name like WCG-Tokens? A bit confusing. Before I saw the chat message that I received tokens I was not sure what those tokens about.

They are test tokens, they are not registered.

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Obyte Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
Alcibiades Agnes
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April 22, 2018, 03:06:14 PM
Last edit: April 22, 2018, 03:27:01 PM by Alcibiades Agnes
 #18383

hold on, mining business will end soon.  

Please Byteball Tony and Byteball Jesus save our cryto world.

I think we are ASIC resistance    Grin

some people do not trust Byteball yet, but we fewer option every minute is pass

blockchain is auto destroying itself.

buy yourself a favor, buy a gbyte Shocked

https://motherboard.vice.com/en_us/article/3kj5dw/what-is-an-asic-miner-bitmain-monero-ethereum

If cryptocurrency is disrupting finance, then powerful computer chips known as ASICs are disrupting cryptocurrency. Their mere existence turned securing the Bitcoin blockchain, which in the network’s early days could be done at home by average users, into a massive industry that eats up unholy amounts of electricity and generates ridiculous profits for hardware manufacturers.

Now, these specialized chips, called application specific integrated circuits (ASICs), are coming for other blockchains. On March 15, the multibillion dollar Chinese company Bitmain tweeted that it was accepting orders for the Antminer X3, a $12,000 ASIC that would be good for only one thing: Mining Monero and other digital currencies secured with the same algorithm. Only two weeks later, on April 3, Bitmain announced the E3, an $800 chip made specifically for mining Ethereum. ASICs like the E3 and X3 are controversial in the cryptocurrency community. Although they are both more efficient at mining compared to graphics cards and CPUs, they are also far more expensive, in short supply, and arguably a driving force behind the centralization of computing power (and the financial rewards from mining) on cryptocurrency networks.
scambust
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April 22, 2018, 07:41:39 PM
 #18384


I think we are ASIC resistance    Grin



Byteball is not resistant, ASIC only works with Proof of Work cryptocurrency in which clearly Byteball is not. So, the apt word is incompatible. Anyway, crypto mining is unsustainable, it will be obsolete soon.

bottacoin
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April 22, 2018, 08:14:11 PM
 #18385


*** More than 300 GB traded on BinaryBalls ***

Global trading stats since launch date of 2017-11-13 :

       
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And the top 3 best rush traders :

       
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Will you manage to be on the best rush traders list ?

https://byteball.fr/bandeau.png

BinaryBalls.com
1st Binary Options Trading Platform with Byteball Bytes

blockaudit
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Helping the blockchain world build secure++ stuff!


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April 22, 2018, 10:16:13 PM
 #18386

Quite a bit of new code from writing the client, wallet, protocol implementation from scratch... have you all put together a proper threat model, identified (and reduced) attack surface and tested a bunch of key interfaces to shake out any security related bugs yet?

Big fan of the Byteball project btw Smiley

https://www.blockaudit.org
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April 23, 2018, 07:18:38 AM
 #18387


I think we are ASIC resistance    Grin



Byteball is not resistant, ASIC only works with Proof of Work cryptocurrency in which clearly Byteball is not. So, the apt word is incompatible. Anyway, crypto mining is unsustainable, it will be obsolete soon.

Crypto mining is already obsolete, but people living in a world of dreams didn't realize it yet. It is probably destined to disappear almost completely. Not only it's energetically unsustainable, but with ASICS it ends up violating the whole idea of decentralisation which is at the basis of the concept of cryptocurrencies as a shared and distributed ledger of transactions.
Byteball is not ASIC resistant, it's ASIC indifferent, just as it's hamburger indifferent or strip-tease indifferent: you can't be resistant to a category you have nothing to do with.

codemanX
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April 23, 2018, 09:32:36 AM
 #18388

Are there any plans to support a hardware wallet - Ledger or Trezor? It would be awesome to secure my Bytes.

You don't need it. Byteball has the best secured wallet on the world.

Lol. Thanks for this information, do you have any clue about hardware wallets?
I'm unlocking my Software Byteball wallet with the private key, thats one of the most insecure methods in my opinion. If I have missed something which I don't know, please tell me.

Or is it just sarcasm, then it would be really funny  Grin
Freefactomizer
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April 23, 2018, 10:32:07 AM
Merited by codemanX (1)
 #18389

Are there any plans to support a hardware wallet - Ledger or Trezor? It would be awesome to secure my Bytes.

You don't need it. Byteball has the best secured wallet on the world.

Lol. Thanks for this information, do you have any clue about hardware wallets?
I'm unlocking my Software Byteball wallet with the private key, thats one of the most insecure methods in my opinion. If I have missed something which I don't know, please tell me.

Or is it just sarcasm, then it would be really funny  Grin

You can easily set up a multi-device wallet: https://wiki.byteball.org/Wallet#Add_wallet
If you set up a 2 of 3 multi-device wallet, you need at least 2 devices to sign a transaction. Since it's unlikely that your both devices are hacked, it's a secure solution to store your bytes. And in case you lose 1 device, you can still make transaction without bothering to restore a back-up.

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Obyte Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
kashish948
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April 23, 2018, 10:46:25 AM
 #18390

great update with the accredited investor verification for byteball icos!
codemanX
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April 23, 2018, 12:43:58 PM
 #18391

Are there any plans to support a hardware wallet - Ledger or Trezor? It would be awesome to secure my Bytes.

You don't need it. Byteball has the best secured wallet on the world.

Lol. Thanks for this information, do you have any clue about hardware wallets?
I'm unlocking my Software Byteball wallet with the private key, thats one of the most insecure methods in my opinion. If I have missed something which I don't know, please tell me.

Or is it just sarcasm, then it would be really funny  Grin

You can easily set up a multi-device wallet: https://wiki.byteball.org/Wallet#Add_wallet
If you set up a 2 of 3 multi-device wallet, you need at least 2 devices to sign a transaction. Since it's unlikely that your both devices are hacked, it's a secure solution to store your bytes. And in case you lose 1 device, you can still make transaction without bothering to restore a back-up.

Thank you for your explanation, I have not looked at it yet but I will. Let's see which devices are supported, it seems my iPhone isn't.
I would still prefer my Ledger Nano S to manage my funds, but thanks for the constructive answer.
xlcus
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April 23, 2018, 02:20:08 PM
 #18392

great update with the accredited investor verification for byteball icos!

Not great at all. No. 95 on the coinmarketcap.com. It is the response of the investors for the recent "great" updates. They voted with the sell.
Jedgar
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April 23, 2018, 02:42:10 PM
 #18393


I'm unlocking my Software Byteball wallet with the private key, thats one of the most insecure methods in my opinion.

Hi, could you share how to get private key from  Byteball wallet. I have no clue about this but suspect I might need that sort of thing later. I use light version,  BTW.
JanpriX
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Buy The F*cking Dip


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April 23, 2018, 03:19:24 PM
 #18394

great update with the accredited investor verification for byteball icos!

Not great at all. No. 95 on the coinmarketcap.com. It is the response of the investors for the recent "great" updates. They voted with the sell.

BYTEBALL experienced some heavy resistance at the $286 area and that is quite expected. We made a comeback from the $180 area moving up to the price that I mentioned and if you will be checking the market sentiment, we'll surely bump into a resistance that would turn into heavy selloff. The good thing right now is that we are stable at the current price that we have. Still, a lot of room to grow technology-wise and price-wise.


I'm unlocking my Software Byteball wallet with the private key, thats one of the most insecure methods in my opinion.

Hi, could you share how to get private key from  Byteball wallet. I have no clue about this but suspect I might need that sort of thing later. I use light version,  BTW.

I don't have the Windows wallet for BYTEBALL (I have the android wallet) but if I'm not mistaken, you could get it from the settings tab of your wallet. Go check it and do some tinkering in it. You should find it there.
jhenfelipe
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April 23, 2018, 04:12:28 PM
 #18395

Hi, could you share how to get private key from  Byteball wallet. I have no clue about this but suspect I might need that sort of thing later. I use light version,  BTW.
You can use this complete guide on How to make backup of your byteball wallet as reference. There are 3 options available, choose what suits you best:

     A. Backing up seeds & recovery your wallet from seed
     B. Full Backup & Recovery
     C. Manually Backup
Alcibiades Agnes
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April 23, 2018, 04:38:01 PM
Last edit: April 23, 2018, 05:20:31 PM by Alcibiades Agnes
 #18396

great update with the accredited investor verification for byteball icos!

Not great at all. No. 95 on the coinmarketcap.com. It is the response of the investors for the recent "great" updates. They voted with the sell.

I don't think that byteball is oversold. The price could be down for many reason.
I think how they do anounce things are not crypto speculative standard.
Byteball news look like a rumor, It does not reach big audience because of weak marketing.
Another reason is the liquidity, only a joke of exchages are abailable to trade, cryptopia was froze for a long time, bittrex didn't alow new account for while, and so on...

Another reason is that our Leader Tony, may want to keep thing this way, it is his style of working and he feels confortable,so we to take it of leave it. Eventually and organically byteball will scale in usability and the price will follow.

About the name, Byteball can be named any name, it is the best tecnology so far.

And Please,

   Buy Yourself A Favor, Buy A Gigabyte Of Byteball  
vortexz
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April 23, 2018, 05:05:51 PM
 #18397

the crypto world suddenly gained widespread adoption, all females interested in crypto found a sudden interest in Byteball
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April 23, 2018, 06:45:43 PM
 #18398

My wallet is shutting down / closing right after the start (1sec)... made a fresh install on a new system.

I remember having this problem on my laptop before.. but not what I´ve done to fix it... is there anything missing like java, some sdk or else?!

Win64 (Win10)
rty
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April 23, 2018, 07:45:54 PM
 #18399

Now there are 57 businesses with Byteball logo in Milan https://byteball.org/milan/
https://twitter.com/ByteballOrg/status/988418610925318144
Z-wave Elettrica
Wiring

+39 389 6806553
z-wave AT hotmail.it



Thanks to Edmond for organizing this!
bbc.reporter
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April 24, 2018, 03:26:28 AM
 #18400


I think we are ASIC resistance    Grin



Byteball is not resistant, ASIC only works with Proof of Work cryptocurrency in which clearly Byteball is not. So, the apt word is incompatible. Anyway, crypto mining is unsustainable, it will be obsolete soon.

Crypto mining is already obsolete, but people living in a world of dreams didn't realize it yet. It is probably destined to disappear almost completely. Not only it's energetically unsustainable, but with ASICS it ends up violating the whole idea of decentralisation which is at the basis of the concept of cryptocurrencies as a shared and distributed ledger of transactions.
Byteball is not ASIC resistant, it's ASIC indifferent, just as it's hamburger indifferent or strip-tease indifferent: you can't be resistant to a category you have nothing to do with.

That is highly arguable. Proof of work is still the best way to decentrally come to network consensus. To say that it is obsolete is improvident and shows a lack of understanding in decentralized cryptocoin protocols.

But yes, I do agree that ASICs hurt the system and that there is a need for other cryptocoin experiments like Byteball. It brings us forward.

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