Obyte: Totally new consensus algorithm + private untraceable payments

[andreibi]

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

 

  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.

[1713250538]

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[1713250538]

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[kola-schaar]

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

 

Great Job!     - > donations address?

[kola-schaar]

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/

[tarmo888]

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]

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?

[tonych]

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.

[tbct_mt2]

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.

[Ample_Fire]

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. 

[fuk]

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?

[tarmo888]

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?

Everybody gets the unconfirmed transaction instantly and in 10-20 minutes it is confirmed and FINAL. That's not what many TOP50 coins have, so compared to others, that is fast transaction.
Obviously there are some exceptions with some coins and 2-layer solutions like Lightning, but Obyte has it on base layer.

[tarmo888]

Never heard of this don't know where it goes but why people still commenting looks like it's a popular thread here will see how longer people comments here just for spreading opinions.

I think it could be because "p*nis envy", many other competitor altcoin shillers like to come here and FUD about Obyte because their own coin looks like stone age compared to Obyte

[Ample_Fire]

Everybody gets the unconfirmed transaction instantly and in 10-20 minutes it is confirmed and FINAL. That's not what many TOP50 coins have, so compared to others, that is fast transaction.
Obviously there are some exceptions with some coins and 2-layer solutions like Lightning, but Obyte has it on base layer.

Obyte, in fact, has its own confirmation mechanism, that is amazing.
I love its solution to make confirmations, because it is more environmental friendly.
Fast transaction speed, and un-congested network are other plus point of Obyte.

Far too many comments from spammers on this thread, founder now uses Discord and Reddit more: https://www.reddit.com/r/obyte 

[obyte312]

OBYTE will be listed on a top 10 exchange (By CMC volume) this month,

http://twitter.com/ObyteOrg/status/1102637084857298945

[adaseb]

OBYTE will be listed on a top 10 exchange (By CMC volume) this month,

http://twitter.com/ObyteOrg/status/1102637084857298945

I just checked my portfolio and see that Byteball has rallied 20% while most of the crypto market is either down or trading sideways, immediately I thought it was listed somewhere new.

Looking at the top 10 CMC list, I am going to guess the exchange is Binance because I don't see the other exchanges listing this type of coin, especially the foreign exchanges.

[hd49728]

It is always true with the classic statement in financial area, both traditional and untradiational.

Buy the rumors, sell the news

When fear abundantly appeared, it is time to buy with very low risks, high probabilty to get massive returns.
The case of Obyte, this time, one more time demonstrates the statement above is right.
Exchange listing news boosted Obyte dramatically recent hours.
https://coinmarketcap.com/currencies/obyte/

OBYTE will be listed on a top 10 exchange (By CMC volume) this month,

http://twitter.com/ObyteOrg/status/1102637084857298945

I congratulate to your portfolio's good rally with Obyte.

I just checked my portfolio and see that Byteball has rallied 20% while most of the crypto market is either down or trading sideways, immediately I thought it was listed somewhere new..

I thought that the Obyte manager might have better approach, by adding local rules in the OP, and states that the topic is self-moderated.
All spams, shitshows will be deleted or reports to forum mods.
By the way, real Obyte's supporters should reports all spammbers, spam posts, and out-of-context posts to mods.

Far too many comments from spammers on this thread, founder now uses Discord and Reddit more: https://www.reddit.com/r/obyte 

[U]

Smart contract enabled on Obyte?

[BTCspace]

OBYTE will be listed on a top 10 exchange (By CMC volume) this month,

http://twitter.com/ObyteOrg/status/1102637084857298945

finally we are seeing Obyte is back...
i like this project.

few project with 1000 threads....

[BTCspace]

finally we are seeing byteball is back...

To be honest with you, I thought that you are one of the most loyal and strong supporters of the project.
By the way, I would like to let you know that the project rebranded to Obyte, instead of its past name, Byteball.
Next times, you should call it as Obyte to avoid misleading new comers

i already changed it to Obyte   

this time byteball will go to 100$ 

[bspus]

Funny, since the rebrand I thought it was called zero-byte. In fact it's Oh-byte.

[hd49728]

Obyte, not Oh-byte.

Funny, since the rebrand I thought it was called zero-byte. In fact it's Oh-byte.

this time byteball will go to 100$  

Obyte, my friend.
You all should correct your posts with exact name of the project, Obyte, not Byteball, not Oh-byte.