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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1218719 times)
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August 19, 2020, 06:09:21 AM
 #22301



Only 4 days left for the crowdfunding of the Pollopollo Feedback Module!

Please donate!

https://madeonobyte.org/funding/pollopollo-feedback-module-14qaq3qqzze

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
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August 19, 2020, 06:13:03 AM
 #22302

Dear community, I launched a crowdfunding project named “404monster” on MOO platform, 404monster is designed as a google chrome extension which enables common users to save valuable text to the DAG network of Obyte.


I'm afraid if implemented  the DAG network will be flooded with the garbage messages. Does Obyte really need that? I don't think so. I  would advise you to challenge something else, DeFi for example. Ethereum  had gotten high kudos for that, recently. Why wouldn’t Obyte do the same.

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August 19, 2020, 09:06:50 AM
 #22303

Dear community, I launched a crowdfunding project named “404monster” on MOO platform, 404monster is designed as a google chrome extension which enables common users to save valuable text to the DAG network of Obyte.


I'm afraid if implemented  the DAG network will be flooded with the garbage messages. Does Obyte really need that? I don't think so. I  would advise you to challenge something else, DeFi for example. Ethereum  had gotten high kudos for that, recently. Why wouldn’t Obyte do the same.

I agree about the garbage, Obyte DAG doesn't need it and garbage shouldn't need to be decentralized and timestamped either.

It's a community project and community funded (not a project by Obyte Foundation), but Obyte Foundation and rest of the community already do DeFi:
https://ostable.org/
https://tokens.ooo/
https://odex.ooo/
https://oswap.io/
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August 19, 2020, 11:24:54 AM
 #22304



Take part in the creation of unique things with MadeOnObyte Crowdfundings!

PolloPollo with their "Feedback Module" project, only 7% is missing!
https://madeonobyte.org/funding/pollopollo-feedback-module-14qaq3qqzze

404 Monster with their chrome extension to save data with #Obyte technology, 60/100%!
https://madeonobyte.org/funding/404monster-zke397qaxyo

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August 21, 2020, 02:16:37 PM
 #22305



We launched a github attestation bot that allows to link one's Obyte Address to one's github username.
There will be big benefit from it as soon as apps and AAs that use the attestation are launched.

The attestations are listed here: https://devid.org
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August 22, 2020, 04:05:45 AM
 #22306

Quote
Market Rank   #350
oof
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August 25, 2020, 09:59:17 AM
 #22307



Want to remind that It is now possible to buy Bytes with credit card or bank transfer directly from the main page of our website👏🏼
The service is provided by http://CryptoCoin.pro

Check it out here: https://obyte.org/#checkout
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August 26, 2020, 04:21:39 PM
 #22308



Great news from Obyte: listing of Gbyte at the new exchange! 🚀 Folgory - Top 20 Exchange Ranked by Coinmarketcap (https://coinmarketcap.com/exchanges/folgory/)

Start trading GBYTE / BTC using the link: https://folgory.com/trade-crypto/GBYTE_BTC
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August 29, 2020, 07:31:27 PM
 #22309



Great news! We want to inform that we have made a huge step for our development - a new website has been launched - https://obyte.org.
It contains more information about the platform, products, technologies, etc. We are looking forward to your opinion and feedback! 🚀🚀🚀
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August 31, 2020, 07:49:01 PM
 #22310



Read the benefits of running Obyte full node #DAG (Directed Acyclic Graph) by one of the lead developers @tarmo888: https://twitter.com/tarmo888/status/1293336265446903813
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September 04, 2020, 06:34:06 AM
 #22311

Dear community, I launched a crowdfunding project named “404monster” on MOO platform, 404monster is designed as a google chrome extension which enables common users to save valuable text to the DAG network of Obyte.


I'm afraid if implemented  the DAG network will be flooded with the garbage messages. Does Obyte really need that? I don't think so. I  would advise you to challenge something else, DeFi for example. Ethereum  had gotten high kudos for that, recently. Why wouldn’t Obyte do the same.
Obyte doesn't have to do the same thing with ethereum, although ethereum is getting credit with the DeFi project but unfortunately that's on the investor side but not the community currently complaining about the high transaction fees of the ETH network and whereas ETH is not ready to launch ETH 2.0 yet, that's true broken right

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Artifex
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September 04, 2020, 08:30:03 AM
 #22312



Read the benefits of running Obyte full node #DAG (Directed Acyclic Graph) by one of the lead developers @tarmo888: https://twitter.com/tarmo888/status/1293336265446903813


Hi! Why complicate the way nodes communicate with each other? An ordered communication method is the best way to build a stable blockchain architecture.


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September 04, 2020, 08:55:40 AM
 #22313



Read the benefits of running Obyte full node #DAG (Directed Acyclic Graph) by one of the lead developers @tarmo888: https://twitter.com/tarmo888/status/1293336265446903813


Hi! Why complicate the way nodes communicate with each other? An ordered communication method is the best way to build a stable blockchain architecture.




It's not a graph of nodes communication, but graph of transactions. The transactions are not put into blocks, transactions have DAG structure. Obyte doesn't use blockchain.
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September 04, 2020, 10:29:05 AM
 #22314

Then what is the advantage of this method of sending transactions? The ordered grid allows fast communication to nodes across the network and gives a speed of 1000tps
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September 04, 2020, 11:14:51 AM
 #22315

Then what is the advantage of this method of sending transactions? The ordered grid allows fast communication to nodes across the network and gives a speed of 1000tps

There is no block producers (miners), everyone with a full node can add a transaction directly to DAG and you don't have to bribe miners to include your transaction to block. Transactions are linked to each other, no linked blocks and no reorgs of already confirmed transactions.

You can read more about it there https://medium.com/obyte/dag/home
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September 09, 2020, 09:32:17 AM
 #22316

Then what is the advantage of this method of sending transactions? The ordered grid allows fast communication to nodes across the network and gives a speed of 1000tps

There is no block producers (miners), everyone with a full node can add a transaction directly to DAG and you don't have to bribe miners to include your transaction to block. Transactions are linked to each other, no linked blocks and no reorgs of already confirmed transactions.

You can read more about it there https://medium.com/obyte/dag/home

for example, the TERA blockchain does not have a commission for sending transactions.

please tell me what bandwidth Obyte gives
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September 09, 2020, 11:43:59 AM
 #22317

Then what is the advantage of this method of sending transactions? The ordered grid allows fast communication to nodes across the network and gives a speed of 1000tps

There is no block producers (miners), everyone with a full node can add a transaction directly to DAG and you don't have to bribe miners to include your transaction to block. Transactions are linked to each other, no linked blocks and no reorgs of already confirmed transactions.

You can read more about it there https://medium.com/obyte/dag/home

for example, the TERA blockchain does not have a commission for sending transactions.

please tell me what bandwidth Obyte gives

Well, that's great that it doesn't have fees, but why would anybody value those coins if they are not needed for anything? Their value is only based on speculation? You sure it's not security token? Obyte Bytes are not security token, they have real utility, you need them to make transactions on Obyte.

I think you didn't read the link I posted or you didn't understand it because you only care about TPS. Obyte is not blockchain, so it doesn't have blockchain problems and it can do more TPS on mainnet that there is demand. Even more bandwidth can be done using payment channels (already possible) or with sidechains (soon).

Amount of basic payments TPS is meaningless measurement, everybody measures it differently and payments are just one type of messages that can be stored on Obyte DAG - there are many other possibilities that many blockchains can't do.
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September 10, 2020, 12:06:25 PM
 #22318

Then what is the advantage of this method of sending transactions? The ordered grid allows fast communication to nodes across the network and gives a speed of 1000tps

There is no block producers (miners), everyone with a full node can add a transaction directly to DAG and you don't have to bribe miners to include your transaction to block. Transactions are linked to each other, no linked blocks and no reorgs of already confirmed transactions.

You can read more about it there https://medium.com/obyte/dag/home

for example, the TERA blockchain does not have a commission for sending transactions.

please tell me what bandwidth Obyte gives

Well, that's great that it doesn't have fees, but why would anybody value those coins if they are not needed for anything? Their value is only based on speculation? You sure it's not security token? Obyte Bytes are not security token, they have real utility, you need them to make transactions on Obyte.

I think you didn't read the link I posted or you didn't understand it because you only care about TPS. Obyte is not blockchain, so it doesn't have blockchain problems and it can do more TPS on mainnet that there is demand. Even more bandwidth can be done using payment channels (already possible) or with sidechains (soon).

Amount of basic payments TPS is meaningless measurement, everybody measures it differently and payments are just one type of messages that can be stored on Obyte DAG - there are many other possibilities that many blockchains can't do.

just remembering the predecessor of Obyte, namely Byteball, you can see that the latter had serious problems with bandwidth in the working network. I wonder how the situation is at the moment with Obyte. Therefore, I am interested in this question

I will not say here what is the value of TERA, since it is still a branch of another project. But everyone can get this information, it is freely available
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September 10, 2020, 12:46:41 PM
Last edit: September 10, 2020, 12:57:45 PM by tarmo888
Merited by suchmoon (4)
 #22319

just remembering the predecessor of Obyte, namely Byteball, you can see that the latter had serious problems with bandwidth in the working network. I wonder how the situation is at the moment with Obyte. Therefore, I am interested in this question

Obyte is Byteball, it was just a rebranded, rest of the project is same, just improved a lot since mainnet launch (works now even on IoT devices).
It didn't have and still doesn't have problems with bandwidth, it hardly ever reached even 1% of bandwidth that it could actually do.

The difference between then and now is that now Obyte has Autonomous Agents and thanks to that can do Payment Channels, which decreases the need to have small payments on mainnet even more and it even makes these streaming payments almost free (only paying fees for opening/closing the channel).
https://github.com/byteball/aa-channels-lib

Not sure where do you get this bandwidth problem, do you mean the stress test that spammed mainnet in 2018 with hundreds of transactions that all got confirmed at once or you mean the incorrectly done DAGbench test with IOTA and Nano that couldn't even get 1TPS out of Obyte because they were using light obyte.js library for web?
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Hi Crypto Friends :)


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September 11, 2020, 01:40:48 AM
 #22320

just remembering the predecessor of Obyte, namely Byteball, you can see that the latter had serious problems with bandwidth in the working network. I wonder how the situation is at the moment with Obyte. Therefore, I am interested in this question

Obyte is Byteball, it was just a rebranded, rest of the project is same, just improved a lot since mainnet launch (works now even on IoT devices).
It didn't have and still doesn't have problems with bandwidth, it hardly ever reached even 1% of bandwidth that it could actually do.

The difference between then and now is that now Obyte has Autonomous Agents and thanks to that can do Payment Channels, which decreases the need to have small payments on mainnet even more and it even makes these streaming payments almost free (only paying fees for opening/closing the channel).
https://github.com/byteball/aa-channels-lib

Not sure where do you get this bandwidth problem, do you mean the stress test that spammed mainnet in 2018 with hundreds of transactions that all got confirmed at once or you mean the incorrectly done DAGbench test with IOTA and Nano that couldn't even get 1TPS out of Obyte because they were using light obyte.js library for web?

Aha, so that's what happened to Byteball. Byteball / Obyte is a pretty old and good project. I hope the developers keep on working on the project into the future.

Make sure to always backup your crypto seeds and passphrases friends

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