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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1160960 times)
Alcibiades Agnes
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June 02, 2018, 03:06:30 PM
 #19221

The WCG bot cannot access the WCG stats page at the moment. The GDPR caused them to close access to their api. Byteball already applied for a token that allows access but it's still pending. The bot will catch up when access is restored, so just keep crunching, guys :-)

byteball bytes distribution to WCG must be stoped and refocus the distribution to the USE-A-THON to universities around the world, especially more venezuelan universities, institutes, business organization.  Venezuela need many money exchanges house ...

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Alcibiades Agnes
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June 03, 2018, 03:18:23 AM
 #19222

Disrupting the Disrupters: Will DAG Become Better Alternative Solution to Blockchain?

The distributed ledger technology-directed acyclic graph (DAG) has the potential to eliminate the drawbacks of Blockchain, which has gained immense popularity over the last few years.

Just when we thought we had only entered the beginning of the “hype cycle” for blockchain being used to secure networks, devices and applications, DAG fans are saying blockchain could be easily disrupted by this alternative approach.

In an alternative DAG system, there are no blocks and miners. Users can confirm each other’s transactions through a process that involves confirmation of previous transactions with each new transaction. As there are no blocks, block size is no more an issue and hence, the block scaling debate seen in cryptocurrencies such as Bitcoin no more exist.

Instead of having mining firms confirming transactions via proof of work, DAG exercises the transactions made by users to confirm each other’s transactions. As DAG is a peer-confirming system, it can address some limitations of blockchain technology, for example:

Improved Reliability – The DAG system provides multiple confirmations of transactions. This leads to an improved level of security and decreased possibility of double-spending, compared to transactions made on the blockchain.
Simplified Mining – Blockchain cryptocurrency (Bitcoin) mining has led to an oligopoly issue. Much of mining power is sent to mining pools and by joining it, miners considerably increase their chance of profitability. This leads to a centralization which directly breaks the main principle of cryptocurrencies.
Blockchain-free solutions such as DAG solve this issue.  DAG presents less power in a technological sense to miners as individual transactions are coupled with the speed at which transactions are processed.
Increased Speed – low speed challenges are said to be solved by DAG by confirming transactions on a transaction to transaction basis instead of a block to block basis.
In other words, rather than waiting to process a large transaction block, DAG allows users to process each other’s transactions on a micro scale – leading to lowered transaction costs and faster transaction times.

Several other shortcomings of Blockchain addressed by DAG are decentralization of mining which was highly awaited due to difficulties caused by centralization of mining.

And while scale for blockchain may not be a technical challenge today, as transaction volumes increase, hardware may face computational limitations.

To create an ecosystem where transactions happen regularly, it is very important to have low or no transaction fees. Disrupters like IOTA offer zero transaction fees, which could prove valuable particularly when it comes to Internet of Things (IoT) integration.

IOTA uses a mechanism called “Tangle” whose mission is to be the backbone of IoT and to accelerate the proliferation of “The Economy of Things” concept in the market.

ByteBall is working on a non-blockchain smart payments network.

DagCoin is considered by some to be the fastest and scalable network with very low transaction fees.

Though one cannot avoid the fact that there are more developers on the Blockchain side, the need of a robust system in cryptocurrencies like DAG are attempting to disrupt the very technology that is disruption the world of secure digital transaction blockchain’s enterprise vision is based on.

DAG fans are saying blockless distributed ledgers will be the new standard in cryptocurrencies as more and more systems developers become aware.

Will DAG be the future for cryptocurrency? We’ll continue to follow this space.

http://www.iotevolutionworld.com/iot/articles/438280-disrupting-disrupters-will-dag-become-better-alternative-solution.htm
lhtot8
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June 03, 2018, 03:50:19 AM
 #19223

Disrupting the Disrupters: Will DAG Become Better Alternative Solution to Blockchain?

~
I strongly believe it will be a hot trend in crypto ecosystem this year.
If it will really happen, Byteball will fly over the Moon this year.
DAG is one of the most amazing characteristics of Byteball network, at least in terms of technical aspects.
StandingTall
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June 03, 2018, 09:32:15 AM
 #19224

Disrupting the Disrupters: Will DAG Become Better Alternative Solution to Blockchain?

~
I strongly believe it will be a hot trend in crypto ecosystem this year.
If it will really happen, Byteball will fly over the Moon this year.
DAG is one of the most amazing characteristics of Byteball network, at least in terms of technical aspects.

EOS is stealing all the hype at the moment and if EOS platform will work without major bug/problem there's not much DAG can do that EOS can't. The more I look into EOS the more I like the "delegated" part of its proof of  stake design because it solves the cartelisation problem that is unfortunately present in Byteball.

In EOS there are "block producers" and in Byteball there are witnesses (they both serve similar purpose). The "delegated" part of EOS's POS means that users vote with native currency who is the "block producer". If some or even all block producers start to misbehave they can be replaced quickly by this voting mechanism.

In Byteball there's no such mechanism (yes, I know we can change ONE witness but that's not the solution to the cartel situation). If witnesses form a cartel the system is f***ed and the whole thing needs to fork/schism which is very damaging.

Additionally the much hyped scalability of DAG has not been proven yet. Recent stress tests of Byteball showed that it scales to max. 15 tps and how it scales above that is anybody's guess because the code has not been written yet and it is just a promise. We don't know how far it can scale beyond that.

Chancellor on brink of second bailout for banks
mr.Belyavski
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June 03, 2018, 10:02:32 AM
 #19225

Please tell me, is there any main difference between your project and other competitors in the same field? A brief difference if can be? Thank.

SOVREN  ─────  Trade. Pay. Borrow. Play.
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scambust
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June 03, 2018, 10:07:20 AM
 #19226


Additionally the much hyped scalability of DAG has not been proven yet. Recent stress tests of Byteball showed that it scales to max. 15 tps and how it scales above that is anybody's guess because the code has not been written yet and it is just a promise. We don't know how far it can scale beyond that.

To me, it's obvious that the DAG design is far more efficient in keeping decentralized records - in theory it looks good. Of course the developers have to hone it to make it work as intended. The Wright brothers were preceded by a lot of failed attempts but all had the base theory of flying.

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internetofthings5
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June 03, 2018, 10:19:10 AM
 #19227

What is the best exchange to buy Blackbytes?
tyz
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June 03, 2018, 12:35:48 PM
 #19228

What is the best exchange to buy Blackbytes?

Bittrex, if you are willing to do a verification first.
Otherwise I made good experience with cryptopia.co.nz as well, although the Byteball trading volume there has recently been decresed.

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Karartma1
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June 03, 2018, 02:48:30 PM
 #19229

I tried the Altcoin Byteball Exchange Bot yesterday but no luck in having my funds swapped. Any news?
Quoting myself, does anybody know anything about it? thanks

I am not interested in preserving the status quo; I want to overthrow it. Niccolò Machiavelli
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June 03, 2018, 05:06:05 PM
 #19230


*** More than 400 GB traded on BinaryBalls ***

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

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meneerT
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June 03, 2018, 06:30:28 PM
 #19231

I just received a message from Tony Churyumoff and he wrote me that the trustees decided that Louis Thomas and Milan Horváth are winners in the video contest! Congratulations!


Louis Thomas
https://youtu.be/ZlSjFqwcw7U 
Louis Thomas
GBYTE: 5QRFNHCHE4FN3OR5REYDM7BFJP7EPWIU

Milán Horváth
https://youtu.be/93jnbZsudmw
Byteball: MIW7GEZHIFB65MU5PTTMB2POF5ESTM66

In the decription box of both videos are your Byteball address mentioned so you can expect a reward to this address.
jjacob
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June 03, 2018, 09:21:41 PM
 #19232

What is the best exchange to buy Blackbytes?

Bittrex, if you are willing to do a verification first.
Otherwise I made good experience with cryptopia.co.nz as well, although the Byteball trading volume there has recently been decresed.

internetofthings5 is asking for Blackbytes. I do not think blackbytes are available on Bittrex (or the other exchanges).
You should try the slack channel or the bots to trade blackbytes.


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Hhugh
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June 04, 2018, 12:28:32 AM
 #19233

What is the best exchange to buy Blackbytes?

Bittrex, if you are willing to do a verification first.
Otherwise I made good experience with cryptopia.co.nz as well, although the Byteball trading volume there has recently been decresed.

internetofthings5 is asking for Blackbytes. I do not think blackbytes are available on Bittrex (or the other exchanges).
You should try the slack channel or the bots to trade blackbytes.

http://freebe.byte-ball.com/
bitcointrader56
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June 04, 2018, 03:29:59 AM
 #19234

Byteball should also be listed as Mbyte and NOT Gbyte, Gybte distorts buyers who think its exppensive and cant do the conversion, byteball is actually very cheap and great value!!
gtzanap
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June 04, 2018, 07:21:44 AM
 #19235

Byteball should also be listed as Mbyte and NOT Gbyte, Gybte distorts buyers who think its exppensive and cant do the conversion, byteball is actually very cheap and great value!!

Yes... unit bias. It has been discussed before but unfortunately nobody in charge seems motivated to address this.

Realistically, it is more about exchanges than byteball itself. All they could/have to do was kindly ask the exchanges to switch the unit

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altcoinb
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June 04, 2018, 09:31:07 AM
 #19236

Realistically, it is more about exchanges than byteball itself. All they could/have to do was kindly ask the exchanges to switch the unit

The exchanges change the unit after the full distribution.
They catch them all in the next 2 years and then a pump it to the moon!  Grin
Byteball is the most undervalued coin, i have not see that in other projects, but i love it!

Any news for the WCG API access?

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XCNP
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June 04, 2018, 10:06:11 AM
 #19237

I don't know if other people have noticed as well or not one interesting development in this space happened recently. I am talking about GByte's market price as well which are lowered after every update with more features. It seems that traders need unfinished projects for speculations as development enters in serious phases or start delivering features they withdraw themselves. In the long run these completed projects will remain in the market anyway.
Alcibiades Agnes
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June 04, 2018, 12:36:35 PM
 #19238

I don't know if other people have noticed as well or not one interesting development in this space happened recently. I am talking about GByte's market price as well which are lowered after every update with more features. It seems that traders need unfinished projects for speculations as development enters in serious phases or start delivering features they withdraw themselves. In the long run these completed projects will remain in the market anyway.

Unfortunately, what you are saying is true. Many people like project like BitConnect.
Me, I will be here, supporting Byteball and Tony, until I buy my lamborghini, hopefully soon these year  Grin ...

piebeyb
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June 04, 2018, 12:45:02 PM
 #19239

Byteball should also be listed as Mbyte and NOT Gbyte, Gybte distorts buyers who think its exppensive and cant do the conversion, byteball is actually very cheap and great value!!
not really, Gbyte is better enough even though you hold in Mbyte fractions anyway you can also trade and make a deposit on trading, so there is no problem to keep using Gbyte
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June 04, 2018, 01:25:56 PM
 #19240

Are the transactions getting confirmed ATM?
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