Obyte: Totally new consensus algorithm + private untraceable payments

[Artifex]

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

[tarmo888]

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?

[Fallenkeith75]

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.

[tarmo888]

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.

https://medium.com/obyte/byteball-rebrand-the-next-step-to-real-world-adoption-6a0a924390de

[tonych]

We launched a totally new kind of stablecoins - bonded stablecoins.

Unlike the predecessors, such as DAI, there is no overcollateralization, no liquidations, no insolvency risk.

The design is based on bonding curves. It is the first time bonding curves are used for creating stablecoins.

Along with stablecoins, there are two other tokens:
- interest token (a stable+ coin) that earns interest on top of stable value;
- growth token whose price grows as more interest tokens are issued.

We launched 3 sets of coins pegged to 3 assets but anyone can easily create more.

USD-pegged:
OUSD - a stablecoin pegged to 1 USD;
IUSD - a stable+ coin that earns 16% interest;
GRD - growth token which grows with the amount of IUSD issued.

BTC-pegged:
OBIT - a stablecoin pegged to 1 BTC;
IBIT - a stable+ coin that earns 11% interest in BTC;
GRB - growth token which grows with the amount of IBIT issued.

Gold-pegged:
OAU - a stablecoin pegged to 1 ounce of gold;
IAU - a stable+ coin that earns 8% interest in gold;
GRAU - growth token which grows with the amount of IAU issued.

Trade and learn more: https://ostable.org/

Introductory article (very long and has a lot of math): https://medium.com/obyte/using-multi-dimensional-bonding-curves-to-create-stablecoins-81e857b4355c

[tarmo888]

I'm a big fan of Obyte, follow the development from the very beginning but only yesterday learned of both ostable and odex services. Why so bad ads? At least both deserves separate threads here on bitcointalk. Stablecoins is a hot topic nowadays. Regarding odex, would be nice to have  the option to become the liquidity provider for this DEX, the option similar to that one realized in smart contracts of Uiniswap. Anything in Obyte  development to indicate as to whether it makes steps in this direction?

Bonded Coins on https://ostable.org/ was just released yesterday, so you couldn't know about before because it was just released, that domain was previously used for Discount Stablecoins, which is now moved there https://discount.ostable.org/

Anybody can add liquidity to https://odex.ooo/ or https://oswap.io/ already today.

IMO, article with long  math is good for tech savvy guys but ordinary ppl need simple words sounded on all media including youtube channels.

The content on https://ostable.org/ is made for ordinary people, the blog post is more like white-paper.

And finally the last questions. If buy IUSD on ostable.org where my stablecoins will be holding? In Obyte wallets or where? How to claim the interest earned? Definitely a good and easy to understand guide is needed.

If you buy GRD and IUSD from there https://ostable.org/trade/26XAPPPTTYRIOSYNCUV3NS2H57X5LZLJ#buy or just IUSD from there https://ostable.org/buy then the AA (or smart-contract in Ethereum world) will send them to your wallet. If you want to make them earn interest, you need to deposit them back to AA via Deposits tab.
If you are buying GRD and IUSD then there is also option "Immediately convert to stable token OUSD", which will automatically deposit the IUSD for you and give GRD and OUSD instead.

[tonych]

If you want to make them earn interest, you need to deposit them back to AA via Deposits tab.

That's only if you want to have OUSD and earn interest in OUSD - the truly stable token that is always 1 USD and doesn't accrue interest.

Another option is just holding IUSD. Interest is baked-in in it its price, which grows 16% p.a.

[tarmo888]

If you want to make them earn interest, you need to deposit them back to AA via Deposits tab.

That's only if you want to have OUSD and earn interest in OUSD - the truly stable token that is always 1 USD and doesn't accrue interest.

Another option is just holding IUSD. Interest is baked-in in it its price, which grows 16% p.a.

Assuming that IUSD has liquidity to be traded at fair value. Why would anybody want OUSD, if they could use IUSD alone?

[tbct_mt2]

We launched a totally new kind of stablecoins - bonded stablecoins.
~ snip ~

Gold-pegged:
OAU - a stablecoin pegged to 1 ounce of gold;
IAU - a stable+ coin that earns 8% interest in gold;
GRAU - growth token which grows with the amount of IAU issued.

You did a good initiative to increase the use cases of Obyte and the popularity as well as adoption of Obyte in crypto.

Would you mind spending a few time to check the project [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold. It is a token backed by physical gold stored in Bullion Star (check with the account number: 17081)

[jwinterm]

Almost out of top 300 now: 
https://bitcointalk.org/index.php?topic=1608859.msg47659754#msg47659754

[tonych]

Assuming that IUSD has liquidity to be traded at fair value. Why would anybody want OUSD, if they could use IUSD alone?

Two reasons:
- familiar unit of account
- buyers would rather spend a currency that doesn't accrue interest and keep the one that does accrue - Gresham's law https://en.wikipedia.org/wiki/Gresham%27s_law

[Gash]

I have just opened a new thread devoted to yield farming on Obyte platform to share my 3-hrs experience with it. My goal was to show all steps needed to open deposit and earn money using ostable tool. Anyone who has interest in this is more than welcomed. https://bitcointalk.org/index.php?topic=5277729.0

There could be only one occasion when u can open multiple threads pertaining to the same coin. You do this when ur brain is gone from the skull completely or is imbued with perverted thoughts. Thats when your consciousness takes over and sends internal message to the associative zone in your brain to do random stuff. I would say that nothing can be done to revive obyte or make it anyhow relevant to a common investor or whoever is watching ithe forum at present time. Obyte is done and in fact its gone long time ago.

[tarmo888]

I have just opened a new thread devoted to yield farming on Obyte platform to share my 3-hrs experience with it. My goal was to show all steps needed to open deposit and earn money using ostable tool. Anyone who has interest in this is more than welcomed. https://bitcointalk.org/index.php?topic=5277729.0

There could be only one occasion when u can open multiple threads pertaining to the same coin. You do this when ur brain is gone from the skull completely or is imbued with perverted thoughts. Thats when your consciousness takes over and sends internal message to the associative zone in your brain to do random stuff. I would say that nothing can be done to revive obyte or make it anyhow relevant to a common investor or whoever is watching ithe forum at present time. Obyte is done and in fact its gone long time ago.

Can you read? They are totally different coins on same network, it's like calling DAI/MKR a same coin as ETH.

This is not about GBYTE, it's about GRD, IUSD, OUSD, GRB, IBIT, OBIT, GRAU, IAU, OAU.

[Random-String-Symphony]

I have just opened a new thread devoted to yield farming on Obyte platform to share my 3-hrs experience with it. My goal was to show all steps needed to open deposit and earn money using ostable tool. Anyone who has interest in this is more than welcomed. https://bitcointalk.org/index.php?topic=5277729.0

There could be only one occasion when u can open multiple threads pertaining to the same coin. You do this when ur brain is gone from the skull completely or is imbued with perverted thoughts. Thats when your consciousness takes over and sends internal message to the associative zone in your brain to do random stuff. I would say that nothing can be done to revive obyte or make it anyhow relevant to a common investor or whoever is watching ithe forum at present time. Obyte is done and in fact its gone long time ago.

That kind of thinking is what makes you miss all the important innovations in any field. You don't even know what you're talking about but you start throwing insults around straight away. Pretty damn sad.

[tarmo888]

wrote an easy step-by-step guide how to farm (don't explain that to your grandpa, he'll think you've lost your mind):

Getting Bonded coins:
* go to https://ostable.org/trade/26XAPPPTTYRIOSYNCUV3NS2H57X5LZLJ#buy
* add you single-address wallet address to top-right corner
* mark "Set token1 amount to minimize fees" checked
* enter amount to "Amount of tokens2"
* check if the GBYTE amount on "Send" button is acceptable and click it

Once you have got your growth tokens and interest tokens confirmed
* go to https://ostable.org/trade/26XAPPPTTYRIOSYNCUV3NS2H57X5LZLJ#deposits
* click "Open Deposit" and enter half of the amount of interest tokens you have and press "Open"
* add little bit of protection to your deposit, so it would not get closed so easily (optional)

Last step is for earning trading fees:
* go to https://oswap.io/#/add-liquidity-2/AR3SHS7SFH3PF6ZM6UIF7HWIV44TZ46H
* add interest token to the pool
* add stablecoin to the pool

... and then just wait and watch your growth token value grow and sometimes fall, but mostly grow

[tonych]

Two news about bonded stablecoins:

1. OUSD can now be selected as reserve currency for new stablecoins

2. There is a new stablecoin called OCMC which tracks the total crypto market cap as reported by CoinMarketCap. Its current value is 343.774, which is the total marketcap in billions. You can use it to bet on overall crypto performance: buy when you expect it to rise, sell for OUSD when you expect it to fall. Direct link: https://ostable.org/trade/RC6N2RHP32DBL5G2JN3OREZBSUNPV5WQ#buy

[wwzsocki]

...You don't even know what you're talking about but you start throwing insults around straight away. Pretty damn sad.

You are right, I agree that such behavior is totally inappropriate and should never happen.

I keep wondering the same thing, how is this possible that this great project is falling like a rock price wise all the time?
Don't mention the volumes and all exchanges which delisted Bytball and then already rebranded Obyte.

@Tonych is working so hard for so many years, keep adding new great things, don't mention that Bytball was only one of a kind when launched, there was no other DAG coin at this time, today we have plenty, but still Obyte is always a step ahead of them because of the developer and his great ideas, like stablecoins now.

I am also here from the very beginning and still have coins from the first airdrop in my wallet, so you can call me a true hodler. I know the hall story, all ups and downs, I have my own thoughts why is so bad, but still, it's hard to believe when I see Obyte at -98% from ATH and only 200% higher from ATL at the end of 2020, don't mention 8k USD in daily volumes and position at number 300 in the CMC ranking.

There was a time when the price was already low at 20$ and Obyte was backed up by big whales like @Marc, still, nothing changed and the price corrected further even to 12$.
I just can't grasp it and think that many of you too because if we have great tech, development and additionally whales backing up the project, then we have the best recipe for success.

So what happened, why it's going like this all the time?

[tarmo888]

Don't mention the volumes and all exchanges which delisted Bytball and then already rebranded Obyte.

Which exchanges delisted? I know only Changelly swapping site and Cryptopia, which delisted themselves from crypto by getting hacked (probably through some other random wallet that they didn't containerize - rookie mistake). Now GBYTE is on SimpleSwap (ostable.org/buy also uses it) and StealthEX for swapping with other altcoins.
There was also Cryptofacil exchange, but they didn't delist GBYTE, they closed themselves down.

[tarmo888]

...You don't even know what you're talking about but you start throwing insults around straight away. Pretty damn sad.

I just can't grasp it and think that many of you too because if we have great tech, development and additionally whales backing up the project, then we have the best recipe for success.

So what happened, why it's going like this all the time?

to be short - IMO, lack of materials like articles, videos, posts on forums etc.  that explain all project technicalities in simple, easy to understand wordings. Take for example ostable.org. It is full of ink-horn terms like "capacitor" etc.   that  talk over one's head   but common people won’t waste their time dealing with them. I have created four threads (two of them are in Russian local)  here, on bitcointalk, to show in simple pictures how things work, and I  call upon all those who are not indifferent to the project follow my initiative.

Thanks for spreading the message, great initiative, we need more explanation from different people because people understand things differently, so more people different people explaining things in their way will reach more people who think the same.

[wwzsocki]

Which exchanges delisted?

You are right it was only my thought which I never checked correctly but now, to be honest, I don know what is worst?

That Obyte or Bytebal was never delisted or that it's for so long, listed only on one relatively small exchange Bittrex?

This shows that exchanges have no business in listing Obyte which makes it hard to buy and sell for potential investors which equals low volumes and suppressed price.

...I have created four threads (two of them are in Russian local)...

Yes, I have seen already your work, all I can say is that the Obyte team is lucky to have community members like you, who always try to help.

I have seen already many members like you during all these years and I have read many articles about Byteball, Obyte, BlackBites, Bites, DAG, bots and many other Obyte functionalities or added features on top of it. in between there were fully technical articles but also a simple written for an average Joe, still seems that Obyte is nowhere, at least this is what the price is telling me for a very long time.

Of course "buy the dips" and I am really happy to see these new stablecoins, I think this is a great idea and right on time when stablecoins are in demand, this is a big chance, especially, with such enhanced stabelcoins, like these once are. Still, I would never have known about them if I hadn't read this thread and I have to tell you that I am closely monitoring all crypto news every day, nothing that is important can't escape my attention, so for sure better marketing is needed. More advertising, more community members like you @Xenon131, who will spread the word about Obyte.

Just my 2 GBYTEs  .