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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1191944 times)
tonych
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February 22, 2019, 02:03:13 PM
Merited by LoyceV (2)
 #21521

There is a proposal about extending the Obyte protocol with timestamps
https://docs.google.com/document/d/1L5i0NNL2h7tgf-ZXo18ozHABSlciQUAE5x0ynV7FzyQ/edit

Your opinion is appreciated.

Simplicity is beauty
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tonych
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February 22, 2019, 02:29:33 PM
Merited by LoyceV (2)
 #21522

Quote
because it's not a same product as PayPal
what Obyte can offer to a legal merchant, that can't offer PayPal (visa, alipay, eth/dai and so on)?

You can view this video to get an idea how Obyte is superior to just plain payments

https://www.youtube.com/watch?v=DhNyD8Cj0dg

Simplicity is beauty
tbct_mt2
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February 23, 2019, 07:57:42 AM
 #21523

You can view this video to get an idea how Obyte is superior to just plain payments

https://www.youtube.com/watch?v=DhNyD8Cj0dg

The transaction speeds of Obyte is too fast, and transaction done smoothly without congested or delayed.
Furtheremore, the OByte can be use to bet directly.
It is very convenient altcoin.

Ample_Fire
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February 24, 2019, 03:36:33 AM
 #21524

You can view this video to get an idea how Obyte is superior to just plain payments

https://www.youtube.com/watch?v=DhNyD8Cj0dg

The transaction speeds of Obyte is too fast, and transaction done smoothly without congested or delayed.
Furtheremore, the OByte can be use to bet directly.
It is very convenient altcoin.

I couldn't agree more.  Cool

By the way, https://www.reddit.com/r/obyte is more informative than this thread.
Alohaboy?!
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February 25, 2019, 02:09:53 PM
 #21525

There is a proposal about extending the Obyte protocol with timestamps
https://docs.google.com/document/d/1L5i0NNL2h7tgf-ZXo18ozHABSlciQUAE5x0ynV7FzyQ/edit

Your opinion is appreciated.

Love the concept and the idea of implementing the BIP format for further updates.

The new Cryptocurrency book "The Magical World of Cryptocurrencies" is out now and available for free to everyone!
Make sure to contribute and give something back to the community.
Visit https://coined1.com or the bitcointalk.org thread https://bitcointalk.org/index.php?topic=5088332.0;topicseen
dungp3132
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February 26, 2019, 02:07:59 AM
 #21526

You can view this video to get an idea how Obyte is superior to just plain payments

https://www.youtube.com/watch?v=DhNyD8Cj0dg

Moreover, the topic, made by LoyceV presents informative details and explanation on Blackbyte:
Byteball: Blackbytes FAQ
Everyone who invested in Obyte, not invested yet but have interests, and have demand to use Blackbytes for transactions should know it.

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February 26, 2019, 11:46:44 AM
 #21527

You can view this video to get an idea how Obyte is superior to just plain payments

https://www.youtube.com/watch?v=DhNyD8Cj0dg

Moreover, the topic, made by LoyceV presents informative details and explanation on Blackbyte:
Byteball: Blackbytes FAQ
Everyone who invested in Obyte, not invested yet but have interests, and have demand to use Blackbytes for transactions should know it.

Can we continue our discussion here?
https://www.reddit.com/r/obyte/

 Cool
hopenotlate
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February 26, 2019, 11:57:50 AM
 #21528

Can we continue our discussion here?
https://www.reddit.com/r/obyte/


By the way, https://www.reddit.com/r/obyte is more informative than this thread.


Why don't you just share the informations cointained in that "more informative" thread here? Why  cut out people following this thread?
Can't get what is wrong with discussing things here,

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obyte312
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February 26, 2019, 07:46:59 PM
 #21529

We expect to make two significant announcements within the next several weeks, one of which is a new exchange listing!

https://twitter.com/ObyteOrg/status/1100466684702396416

Ample_Fire
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February 27, 2019, 01:42:21 AM
 #21530

Can we continue our discussion here?
https://www.reddit.com/r/obyte/


By the way, https://www.reddit.com/r/obyte is more informative than this thread.


Why don't you just share the informations cointained in that "more informative" thread here? Why  cut out people following this thread?
Can't get what is wrong with discussing things here,

Thank you for still following this thread for the latest Obyte news. Apologies if you think I was trying to cut you off, twas not my intention.

You can also check the Reddit account for other news and updates not posted on this thread.

Cheers, mate!  Cool
Ample_Fire
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February 28, 2019, 04:50:49 AM
 #21531

BIoT milestone complete

Stage 1 of the BIoT project has been completed. Watch this short video showing how IoT payment channels can be opened using Obyte.
https://youtu.be/XCGgQ-Tgja0

See the code on Github.
https://github.com/BIoTws/biot_wallet

 Cool
andreibi
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February 28, 2019, 10:45:11 AM
Last edit: February 28, 2019, 04:06:56 PM by andreibi
 #21532

BIoT milestone complete

Stage 1 of the BIoT project has been completed. Watch this short video showing how IoT payment channels can be opened using Obyte.
https://youtu.be/XCGgQ-Tgja0

See the code on Github.
https://github.com/BIoTws/biot_wallet

 Cool

 Cool Cool This is the stuff I wanted to see. Exciting stuff for the next ten years hopefully. Maybe just in time when Internet of things becomes the norm.


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kola-schaar
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March 02, 2019, 11:07:00 AM
 #21533

BIoT milestone complete

Stage 1 of the BIoT project has been completed. Watch this short video showing how IoT payment channels can be opened using Obyte.
https://youtu.be/XCGgQ-Tgja0

See the code on Github.
https://github.com/BIoTws/biot_wallet

 Cool

Great Job!   Kiss  - > donations address? Smiley
kola-schaar
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March 02, 2019, 11:14:58 AM
 #21534

Maybe it's worth (possible) it to realize with Obyte - to stabilize the bytes and bind excess liquidity..
https://medium.com/cryptolinks/maker-for-dummies-a-plain-english-explanation-of-the-dai-stablecoin-e4481d79b90

nice review in german (Loan for ETH - My experience with Maker DAO)
https://www.blockchaincenter.net/erfahrung-mit-maker-dao/
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March 02, 2019, 07:07:23 PM
 #21535

Maybe it's worth (possible) it to realize with Obyte - to stabilize the bytes and bind excess liquidity..
https://medium.com/cryptolinks/maker-for-dummies-a-plain-english-explanation-of-the-dai-stablecoin-e4481d79b90

nice review in german (Loan for ETH - My experience with Maker DAO)
https://www.blockchaincenter.net/erfahrung-mit-maker-dao/

Obyte seems to have all the features to create a stablecoin with collateralized debt positions like Maker DAO:
* define asset with no cap - check
* issue new tokens to asset - check
* burn tokens by sending back to definer - check
* price feed oracle - check
* create smart-contracts with Bytes as collateral - check
* add trusted liquidator to smart-contract - check

Centralized stablecoin like Tether that has USD as collateral is even easier to do and has already done before with Obyte. The most easiest would be to create a elastic supply stable coin on Obyte, but I guess nobody believes in those anymore.

So, the tools are there, just needs somebody who wants to build a product like that with Obyte toolbox.
julian071
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March 02, 2019, 10:39:15 PM
 #21536

There is a proposal about extending the Obyte protocol with timestamps
https://docs.google.com/document/d/1L5i0NNL2h7tgf-ZXo18ozHABSlciQUAE5x0ynV7FzyQ/edit

Your opinion is appreciated.

Hi, thanks for asking. I'm no programmer so excuse me if my remarks don't make much sense, but my first thoughts are:
- Great idea to include timestamp, I agree that it is an integral part of most contracts, so better to not use an oracle
- If a timestamp is included, will this increase costs of transactions (because more data) and if so, by how much percentage wise?
- What happens if a computer's time lags behind in stead of running ahead? Or if data is sent to the DAG with (large) lag?

=P
tonych
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March 02, 2019, 11:11:09 PM
Merited by julian071 (1)
 #21537

There is a proposal about extending the Obyte protocol with timestamps
https://docs.google.com/document/d/1L5i0NNL2h7tgf-ZXo18ozHABSlciQUAE5x0ynV7FzyQ/edit

Your opinion is appreciated.

Hi, thanks for asking. I'm no programmer so excuse me if my remarks don't make much sense, but my first thoughts are:
- Great idea to include timestamp, I agree that it is an integral part of most contracts, so better to not use an oracle
- If a timestamp is included, will this increase costs of transactions (because more data) and if so, by how much percentage wise?

Thanks, good questions.
Yes, by 8 bytes - the size of the timestamp.

- What happens if a computer's time lags behind in stead of running ahead? Or if data is sent to the DAG with (large) lag?

If a node's time lags, it will see recent units as coming from the future and will skip them when selecting parents, i.e. this node will take older parents.  This is not a big issue apart from slightly more branching of the DAG than we would see otherwise.

If transactions are sent to the DAG with a large lag, most nodes will see them timestamped in the far past, which means they are perfectly eligible for inclusion.

Simplicity is beauty
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March 03, 2019, 03:22:01 AM
 #21538

After the rebrand months ago, Obyte will have significant improvements soon as the Obyte team said the changes on timestamps will be made.
Personally, I really like the very fast transaction speed of Obyte.
I made lots of transactions with Obyte and I have never got delayed transactions due to network's congestion.
It's amazingly power of the Obyte network to confirm transactions fastly and smoothly.

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March 03, 2019, 08:04:58 AM
 #21539

After the rebrand months ago, Obyte will have significant improvements soon as the Obyte team said the changes on timestamps will be made.
Personally, I really like the very fast transaction speed of Obyte.
I made lots of transactions with Obyte and I have never got delayed transactions due to network's congestion.
It's amazingly power of the Obyte network to confirm transactions fastly and smoothly.

I couldn't agree more.  Cool
fuk
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March 03, 2019, 04:20:11 PM
 #21540

After the rebrand months ago, Obyte will have significant improvements soon as the Obyte team said the changes on timestamps will be made.
Personally, I really like the very fast transaction speed of Obyte.
I made lots of transactions with Obyte and I have never got delayed transactions due to network's congestion.
It's amazingly power of the Obyte network to confirm transactions fastly and smoothly.
confirmation takes 10+ minutes for me. What you do to get fast confirmations?
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