Obyte: Totally new consensus algorithm + private untraceable payments

[nik888]

in the new version of the wallet does not get to get the address through the camera with QR code

[1679887585]

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[kaicrypzen]

After last upgrade I found in my wallet new currency- NBT by Nicebytes. What is it?
I can't find any info in OP.

New coin based on the ByteBall platform and smart contracts; with fair system of distribution and clearly defined goals.
Nicebytes (NBT) – is a dual-chain token, that uses directed acyclic graph (DAG) of a Byteball platform and ERC 2 Ethereum protocol

https://bitcointalk.org/index.php?topic=3428403.0;topicseen
https://nicebytes.org/

Buy and sell NiceBytes (NBT) on YoBit Exchange:
https://yobit.net/en/trade/NBT/BTC
https://coinlib.io/coin/NBT3/NiceBytes

thanks, seems I missed the opportunity to sell, when coins have some value

So you are saying that it's okay to sell shitcoins knowing that their value has a high chance of going down to 1 sat? It's like selling something in real life knowing that it will vanish after a short time. How can people be okay with that? Or am I missing some angle here?

[Leighton129]

I am not quite sure the mechanics teh bot uses to steal teh rewards, if sometimes the second transaction beat the first transaction. (This might be a numbers game. And this is DAG not a block chain. So it is alittle different, or if the money used in teh wallet for steem attestation comes from one of the other transactions. The technical parts are a little unclear to me.

[Blocktree]

Is there smartcontract feature on byteball,turing complete?

[develCuy]

I'm getting this ERROR when restoring a backup with multiple wallets:

Uncaught exception: Error: wallet not found: [something], is_change=0, index=0

I managed to delete one of my wallets by accident so I'm trying to restore it from my latest backup.

[CryptKeeper]

Is there smartcontract feature on byteball,turing complete?

Not turing-complete:

Byteball does simple, human-readable contracts to perform simple actions.

Read more about it here: https://wiki.byteball.org/Smart_contract

[ByteFan]

Blackbytes Bytes Exchange BEEB is offering you 1,000,000 Bytes!

Trade BlackBytes on BEEB! - https://beeb-bot.com



Note: the following link can be claimed only once.

Here is your link to receive 1,000,000 Bytes: https://www.beeb-bot.com/textcoinclaim.php#textcoin?arctic-jealous-receive-appear-check-soda-energy-lift-lyrics-hungry-motor-hazard

[CosaNostra]

Guys, how to make a full backup of the wallet? Sorry for a noob question, couldn't find that info... Thanks!

[hopenotlate]

Guys, how to make a full backup of the wallet? Sorry for a noob question, couldn't find that info... Thanks!

To make a full back up follow these steps :

 -  Open your wallet and navigate to settings

 -  Click on "Full Backup"
 
 -  Set up a password, Keep "Compress Slider" On for compressing backup data file (it's optional). Then click on "Export".

 -  A "Save a file" windows dialogue box will appear. Save the backup file into your computer and store it safely.





Read more here,  with screenshots as well  : http://dailybyteball.blogspot.com/2017/05/how-to-make-backup-your-byteball-wallet.html

[crush]

Is there smartcontract feature on byteball,turing complete?

Not turing-complete:

Byteball does simple, human-readable contracts to perform simple actions.

Read more about it here: https://wiki.byteball.org/Smart_contract

How do you understand Turing complete, ETH claims that they are turing complete, but I still don't understand the true inside. It seems like a commercial speculation way for those people without CS background. btw, I am a researcher in EE CS area.

[Noway159]

now referral link is the only way to refer, but can you tell if i send the referral link, will it direct to playstore to download byteball app or it will take to byteball website...and I have heard from many that referral link is also not working means suppose someone get enrolled thru ref link then he is not getting the referral reqard

[Alcibiades Agnes]

I am a supporter of byteball platform. But I think the distribution of bytes through WCG can be improved as well as the distribution as whole though a sustainable way. Some people complain because it changes in a very short time without previus anouncement.

For exmple, why not distribute the remaining bytes in a fix number of year by a fix amount of bytes? Mimicking the distribution of bitcoin. And it will become a profitable distribution organically.

For example, If I have 300,000 Gbyte to distribute in 30 years, it would be 10,000 Gbyte a year.
It would be around 30 Gbytes a day fixed distribution for 30 years to the WCG.
The 30 Gbytes a day should be divided by the total number of points of WCG.
Or 15 Gbytes to WCG and 15 Gbytes for Byteball core team, or 10 and 20.
Or 3 to wcg and 27 to byteball core team.
Or 10 to wcg, and 10 to full nodes and 10 to core team.
Whatever the amount or method is, fix it, do not change it tomorrow.
It will become profitable eventually, and people that are already mining other coins will switch their hashing power "to mine" Byteball.
The amount of Gbytes to distribute per day should determined and study by "the experts" or open a public debate.

This model of distribution I didn't invented, it works for bitcoin and some other altcoins. I think it is sustainamble for the price, and the investors and trader will know what to expect next day, next month, and next year.

If I could unfix the distribution of Bitcoin because "I invented the Bitcoin" and I start distribute it to steem user at my will because I think is good, then next day start ditributing Bitcoin at my will to the students of a Venezuelan University, then next day I start to distribute Bitcoin to souvenir merchant in Milan, next day will sell bitcoin to pay for developers and marketing at my will, the price of Bitcoin would be 125 USD per bitcoin today.

any news about to resume the Byte distribution for WCG?

It will happen very soon.

days,weeks,months?

Now.
https://medium.com/byteball/byteball-world-community-grid-distribution-is-back-on-track-21ceadb5196e

Nice work guys, really appreciate the efforts! It's always good to get a little compensation for computation.

[jjacob]

I am a supporter of byteball platform. But I think the distribution of bytes through WCG can be improved as well as the distribution as whole though a sustainable way. Some people complain because it changes in a very short time without previus anouncement.

I had missed the fact that World Community Grid distributions had resumed. The money might not be much, but it will be of help as some people could sign up to WCG just to benefit from this. We need more such innovative ways of distribution, although nothing could beat the airdrops.

[Kirilp]

Byteball Steem Attestations — Now Referral By Link Only https://medium.com/byteball/byteball-steem-attestations-now-referral-by-link-only-8ec6c79276b5

[Brilliantrocket]

What happens if a textcoin is not claimed by the recipient? why i cant install wallet? Anyone?

[jhenfelipe]

What happens if a textcoin is not claimed by the recipient? why i cant install wallet? Anyone?

I haven't tried this feature, but as far as I remember there's a claim back link on the sender's transaction page. What wallet are you installing btw (iOS, Android, Windows, Mac, etc.)?

[CryptoRobert]

‘the graph is very complex now, which makes validation very slow, and it is still performed in sql. So large complex graph became possible after we allowed spending unconfirmed funds. Trying to do urgent performance improvements now’

Wasn't the scalability of DAG supposed to be much, much better than blockchain? I thought that was the selling point of Byteball and other cryptocurrencies based on DAG. But if validation becomes slower as the graph becomes more complex, then we really don't have a competitive advantage in using DAG,.

That’s a valid concern but please mind that we have mostly unoptimised code here. IMO the underlying SQL server is the bottleneck here, there’s no flaw in the DAG scalability. This was already discussed several times but the optimization of the database functions was postponed because other improvements seemed to be more urgent.

What about now though, will more emphasis be placed towards optimizing database functions? It appears to have quite some impact.

They'll have to - this latest episode has exposed that they can't handle large volumes of transactions yet.

Byteball might not be able to handle large volumes of tx yet, but that's not what this latest episode was about. See this statement from Tony on Slack:

tonych [2:32 PM]what happened:
- on Friday (the 13th) 10 out of 12 witnesses crashed due to a bug. The 2 surviving were recently updated and didn't have the bug
- among the 2 surviving witnesses, was the steem attestation bot which continued to post transactions very fast, and since it didn't have to wait for confirmations, nothing could stop it and the unconfirmed tail of the DAG has grown very large
- the 10 witnesses updated and restarted but they started adding their units to the old part of the DAG they last witnessed, which caused massive rebuilds of the main chain each time a new unit was added.  This made validation of new units very slow.
- I had to urgently find and apply a few optimizations that matter only when the DAG takes such unusual form.  They made validation faster but still way slower than usual
- when the optimizations were ready, another issue popped up: calculation of stability point gave unexpected result.  I had to investigate the new issue, which took another day, and found a mistake in the algo. The fix breaks compatibility with the old (flawed) algo, and makes the update mandatory for all full nodes.

tonych [2:43 PM]
there were other performance improvements we've ben working on for the past several months, they affect a lot of code and any small mistake could cause a consensus split, and i didn't feel it is right to roll them out in such unprepared manner.

It's a very good news to see such a crisis to have been solved so efficiently. When launching a totally new tech, it's inevitable that bugs can pop out even after a long time. To be able to solve issues fast and safe is only making the coin more and more stable. Keep on the good work!

[remember10x]

There's a dev-net too if I'm not mistaken
The dev-net is where you develop your applications or new features. Then you can move it to the testnet, that is almost identical to the main net. And if everything still checks out fine, you can go to main net
So Dev net -> Test net -> Main net

[lookuper]

Is there a limit to sending money?  I have two wallets one has 72M of and I want to combine it with the other wallet. When I click send all money. It only transers about 769,000 Btypes. When I try to transfer a large ammount manually (say 50M) it says could not spend payment: not enough spendable funds) I am puzzled as to what might be going on...

[nicklello]

It is my opinion that too many crypto projects are at each other's throats. It was refreshing to see a project like Byteball, running on a completely different consensus algorithm, venture to reach out and work together with Steem. I haven't seen anything like it. I think this could be the beginning of a beautiful friendship.