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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1160816 times)
grzem
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September 30, 2018, 06:48:54 PM
 #20361

Thanks, I did not know the exchange because it was not listed on coinmarketcap markets. I signed up and use crypto.pl instead now. Thanks again.

Maybe other sites become more reliable:
https://coinlib.io/coin/GBYTE/Byteball
https://exchangewar.info/coinprice?gbyte_btc
https://coinpaprika.com/exchanges/cryptox/

looks like cryptox in no 1 in GBYTE volume.

Since 2 years https://cryptox.pl low fees, no KYC.
1555623363
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cryptohunter
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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG


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September 30, 2018, 09:54:23 PM
 #20362

i also have received a message telling me about the poll for lowering the measurement from the giga to megabytes. i think this is a peripheral issue. it might get some more liquidity in, but i do not see a major impact over the entire infrastructure.


what kind of major impact are you talking about?

it is a very important issue if you notice the fact there were multiple threads daily on the main alt board demonstrating most new users do consider byteball more expensive than say iota or many other projects with far larger caps

per exchange unit price is what many new investors/traders/gamblers look at




Freefactomizer
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October 01, 2018, 05:42:15 AM
 #20363

While some projects dedicated to IoT still don't have a product, Byteball is on Arduino!

https://steemit.com/arduino/@papabyte/you-like-crypto-and-arduino-build-this-hardware-cosigner-for-byteball-wallet

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Byteball Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
afbitcoins
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October 01, 2018, 09:50:35 AM
 #20364

Wondered if anyone can help me. Does anyone have any information on how many bytes have so far been distributed? eg 60% ? 70% ?

Also how is it going with witnesses? Are all still centralised with Tonych ? Or are there any new witnesses on the network ?

Is there some place I can go online to check these things and stay up to date with progress?

These are the critical issues facing byteball


Cheers
Random-String-Symphony
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October 01, 2018, 11:45:13 AM
 #20365

Wondered if anyone can help me. Does anyone have any information on how many bytes have so far been distributed? eg 60% ? 70% ?

Also how is it going with witnesses? Are all still centralised with Tonych ? Or are there any new witnesses on the network ?

Is there some place I can go online to check these things and stay up to date with progress?

These are the critical issues facing byteball


Cheers


Almost 69% distributed, see https://explorer.byteball.org/#MZ4GUQC7WUKZKKLGAS3H3FSDKLHI7HFO for the remaining amount.
Still all Tony, in the process of decentralizing the witnesses, announcements coming soon.
Answers to both questions are in this thread, so just follow this thread basically.
And subscribe to the newsletter, link at the top on https://byteball.org/


⚪ Byteball     ❱❱❱     I T   J U S T   W O R K S .    ❱❱❱
afbitcoins
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October 01, 2018, 07:16:39 PM
 #20366

Wondered if anyone can help me. Does anyone have any information on how many bytes have so far been distributed? eg 60% ? 70% ?

Also how is it going with witnesses? Are all still centralised with Tonych ? Or are there any new witnesses on the network ?

Is there some place I can go online to check these things and stay up to date with progress?

These are the critical issues facing byteball


Cheers


Almost 69% distributed, see https://explorer.byteball.org/#MZ4GUQC7WUKZKKLGAS3H3FSDKLHI7HFO for the remaining amount.
Still all Tony, in the process of decentralizing the witnesses, announcements coming soon.
Answers to both questions are in this thread, so just follow this thread basically.
And subscribe to the newsletter, link at the top on https://byteball.org/



Thanks for the link, although I need to figure out how to interpret it. Still almost 1/3 to distribute! It feels like distribution is grinding to a halt. I look forward to hearing about new witnesses.
afbitcoins
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October 01, 2018, 08:09:50 PM
 #20367

Byteball is not decentralized, and never will.

It created a new concept: a twelve-centralized coin. Actually, tony-centralized coin.

But hey, there will be big companies! Their reputation will make us sure that never will attack the system, even if it is blatantly profitable to them!

Get rid of governments to depend on big corporations... I dont think it would be a good idea...

I don't think you understand how witnesses work. Let me try once more:

Byteball needs witnesses to be able to prevent doublespends. A transaction is always referred to by someone else’s transaction. Most of them are referred to by transactions by unknown users. But some transactions are signed by known users. For example, big merchants, exchanges, or just reputable individuals or organizations.

If a user sees 2 conflicting transactions, the user validating them will look for the 2 transactions’ previously referenced transactions and check if some of those are created by known users. The transaction with most “witness” referenced transactions is “best” and the other is deemed invalid. We call these users “witnesses”, because they “witness” the reality for those who come after them.

A witness is just a regular, frequently posting full node, with one big difference: the identity of the person or organization running it is publicly known.

A witness ​witnesses​ transactions, they can not change them or otherwise influence them in any way. This means that a witness can not be held responsible for transactions it witnessed, they didn’t do anything to them but ​witness​ them taking place;

● This means that their reputation in the real world should ​not​ be negatively affected by bad actors on the Byteball platform but ​only​ if they, ​themselves​ misbehave by either:
○ Posting transactions out of order;
○ Not posting transactions at all;
○ Collude with other witnesses;
○ Doing anything that causes them to lose trust of the community.

There are 12 witnesses involved in every transaction. In exchange for the work involved, a witness collects part of the transaction fee (the payload fee). This list varies very little from transaction to transaction. There cannot be more than one change in the witnesses list. The witnesses majority (6+1) show the path to the “main chain”. A witness may even be down for an amount of time without it affecting the network. The security of the network would only be threatened if 6 witnesses colluded, which is theoretically possible but practically implausible.

So, we threw out miners and introduced witnesses. Doesn’t that make them a new privileged class? To some extent, but there is an important difference. While miners look at your transactions and ​decide ​if they like this transaction or not, a witness has ​no direct influence​. It’s Users that look for witnesses to determine the consensus order of transactions. ​Witnesses don’t decide anything about individual transactions.​ ​They ensure the integrity of the network simply by being there.

The platform was set up with 12 witnesses all being the founder, Anton Churyumoff (Tony). He is, of course, "a highly reputable user with a real-world identity", and totally trustworthy. Byteball is his baby, after all. But this couldn't get more centralized; unwelcome in a going-to-become decentralized system. So we need to diversify, to start trusting others willing to stand up publicly and put their reputation on the line.

So far I'm talking to more than 10 candidate witnesses, of which 4 are pretty much confirmed. We will present them to the community in the coming months. So yes, we are going to become decentralized. Step by step, but surely.





Just found this comment a few pages back. Its very interesting although does not explain a few things I still don't understand about witnesses. Does the whole network have to agree who the 12 witnesses are? ie there has to be a general consensus? What if a large percentage have a different witness list? Can I change my witness list? Could I pick 12 witnesses, none of whome are tony if I wanted to?
jwinterm
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October 01, 2018, 08:32:07 PM
 #20368

From what I recall, yes the whole network basically has to agree who the witnesses are. You can change your witness list, but only by one entry from "the list", I think if you're more than one of your just ignored.
whenearth
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October 02, 2018, 01:15:32 AM
 #20369

Thanks, I did not know the exchange because it was not listed on coinmarketcap markets. I signed up and use crypto.pl instead now. Thanks again.

Maybe other sites become more reliable:
https://coinlib.io/coin/GBYTE/Byteball
https://exchangewar.info/coinprice?gbyte_btc
https://coinpaprika.com/exchanges/cryptox/

looks like cryptox in no 1 in GBYTE volume.

Hmm nice. Let me check these sites..
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October 02, 2018, 01:23:02 AM
 #20370

witness is just a center server, which can avoid wasting lots of energy on computing .
pineapple express
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October 02, 2018, 09:02:30 AM
 #20371

Quote
Could I pick 12 witnesses, none of whome are tony if I wanted to?
You can, only if majority users or owner of byteball.org/bb agree to select the same 12 witnesses. Wallets by default use byteball.org/bb hub with enabled auto-update the witness list from this hub. We can assume that majority users did not change these settings. This would mean that you can change as many witnesses as you want, but for this you need to convince the owner of byteball.org/bb to change his list.
soliton
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October 02, 2018, 09:17:33 AM
 #20372

While some projects dedicated to IoT still don't have a product, Byteball is on Arduino!

https://steemit.com/arduino/@papabyte/you-like-crypto-and-arduino-build-this-hardware-cosigner-for-byteball-wallet

It seems to be the first hardware wallet for byteball, isn't it. Did they flash byteball code into arduino hardware to build that wallet?
Freefactomizer
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October 02, 2018, 11:30:28 AM
 #20373

While some projects dedicated to IoT still don't have a product, Byteball is on Arduino!

https://steemit.com/arduino/@papabyte/you-like-crypto-and-arduino-build-this-hardware-cosigner-for-byteball-wallet

It seems to be the first hardware wallet for byteball, isn't it. Did they flash byteball code into arduino hardware to build that wallet?

It's a C++ implementation made from scratch (https://github.com/Papabyte/byteduino)
It's not a complete featured wallet though (only 40KB of RAM on ESP8266!) but it proves than Byteball can run on hardware that costs only a few dozens of cents. At this price level it's even possible to make disposable sensors that would send only one measurement into DAG during their life.

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Byteball Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
meterse
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October 03, 2018, 03:18:02 AM
 #20374

Byteballs Head of Strategy Valerius Coppens was speaking at the Future of Blockchain event in Barcelona last week.

Movie stars love red carpets, but red couches are the future (like DAG).

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Also seb486


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October 03, 2018, 05:46:47 AM
 #20375

[reminder] BlackBytes Exchange BEEB is to close on october the 25th.

All customers MUST withdraw their blackbytes before this date or they will be lost (use the 'w' key when paired with BEEB).

[repeating] After this date blackybtes will be lost.

Thank you for your attention.

Byteball payment gateway for web merchants https://byteball-for-merchants.com/ - BEEB  (Blackbytes Exchange Bot): https://www.beeb-bot.com/ (closed)
Network map, stats, Top Richests and Byteball world map at https://byteball.fr/ (closed) - Hub operator featuring the cashback witness https://byteball-cashback-witness.com (closed)
Cryptomania12
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October 03, 2018, 06:01:29 AM
 #20376

Byteballs Head of Strategy Valerius Coppens was speaking at the Future of Blockchain event in Barcelona last week.

Movie stars love red carpets, but red couches are the future (like DAG).



what was he talking about? What is interesting and what news? Where can I find a video performance?
CryptKeeper
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October 03, 2018, 07:30:21 AM
 #20377

World Community Grid crunchers!

Join the Byteball.org team for the THOR Challenge!
Take advantage of $1 for 100,000 points in crypto and an additional 10% bonus as a Byteball.org team member.

Join now!


Please retweet

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
lobcmt2
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October 03, 2018, 08:17:23 AM
 #20378

Byteballs Head of Strategy Valerius Coppens was speaking at the Future of Blockchain event in Barcelona last week.

Movie stars love red carpets, but red couches are the future (like DAG).


Nice view, of course, but I hope that Mr. Valerius Coppens has actually presented great presentations there.

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October 03, 2018, 11:01:06 AM
 #20379

Byteballs Head of Strategy Valerius Coppens was speaking at the Future of Blockchain event in Barcelona last week.

Movie stars love red carpets, but red couches are the future (like DAG).



what was he talking about? What is interesting and what news? Where can I find a video performance?

Nothing new, it was about the "future of blockchain" so basically a break down of what improvements Byteball has over Bitcoin and how the consensus mechanism works when you "get rid of blocks" and introduce witnesses. Very similar to the presentation Tony gave in Zurich. We're waiting for the video material to be released, we didn't record ourselves, Alfa Blockchain Consulting did.

⚪ Byteball     ❱❱❱     I T   J U S T   W O R K S .    ❱❱❱
meterse
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October 04, 2018, 01:24:10 AM
 #20380

Congratulations to Genievot who has won 2,160 Megabytes from an additional community funded prize for a project from http://Utopian.io  (a Steem community of open source developers) that also included #Byteball.

Use case info: https://steemit.com/utopian-io/@genievot/steem-kit-a-qr-based-steem-basic-operation-handler-and-byteball-steem-payments-integration-hack-a-thon-entry-utopian-io-1537567260589

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