Is this smart contract capable like ethereum
Unlike Ethereum smart contracts, Obyte smart contracts are available to both developers and users. In addition, each transaction in the ETH smart contract costs gas ...
"if a developer added a function that needs to go through the growing list of user addresses, the cost of executing that function will also go up as the list gets longer, and ETH throughput is limited with block size, so when there are more users, the fees go up too". This is just a small part of what to chat about, so if you visit
this page and spend a few minutes you will find out more, including Features built-into Obyte, Cost predictability and differences in programming languages.
Thanks for that link. I've read it now.
I'm not really a techno wizz if I'm honest. So even after reading those advantages listed in that article from 2019 I would still love to hear from any person capable of analysing these designs and usecases.
Ignore that, it's old article written by me and published on Hackernoon by another author (basically sponsored content). It compares advanced Ethereum smart-contracts with basic Obyte smart-contracts (conditional payments), which have similar functionality to Bitcoin smart-contracts (basic scripting languages it has but not many know).
https://medium.com/blockstream/miniscript-bitcoin-scripting-3aeff3853620In 2020 February, Obyte released Autonomous Agents, which are more equivalent to advanced Ethereum smart-contracts. Why it's called Autonomous Agents and not smart-contracts? Because Obyte already had smart-contracts and unpopular opinion, but smart-contracts is a shitty name for a sub-programs that can be deployed on-chain, actual smart-contracts are more like conditional payments that the basic scripting enables to do. Matter of fact, Ethereum whitepaper called their smart-contracts as Autonomous Agents too, but Ethereans decided to go with Smart-Contract. Hyperledger Fabric calls it Chaincode.
https://ethereum.org/en/whitepaper/#ethereum-accountshttps://obyte.org/platform/autonomous-agentsSo just a couple of quick questions and a suggestion for you guys.
Why not create a comparison chart comparing 0byte with popular smart contract platforms.
Solana, avax, eth, polygon etc.
What would you like to see on them? I have made some comparison charts for myself, but more about different cryptocurrencies, not about smart-contracts. Most of the charts I have seen are not very accurate, especially when TPS is compared, because everybody calculates the TPS differently.
* Solana - it's main thing is about keeping the block producers time in sync very accurately, so they know when it's exactly each block producer's turn to produce blocks. Kind of nonsense IMHO, they could just have made the blocks bigger instead of making blocks so often. Reminds me of EOS, probably nobody will be able to run it soon. Not sure about their smart-contracts, probably clone of EVM.
* Avalanche AVAX - it's basically DAG of blocks with Proof of Stake, but Obyte is DAG of storage units (these are like transactions, but they can contain many different kind of messages from accounts controlled by same extended private key, eg same user). Avalanche is probably better than other blockchains, but doesn't get rid of block producers who are the middlemen/gatekeepers, but Obyte does -
Obyte is ledger without middlemen. Avalanche also has multiple chains and on one of them, the tokens are natively supported (just like Obyte), but some other chain for DeFi is clone of EVM, i think. In general, odd hybrid.
* Polygon - clone of EVM, basically all same as Ethereum, but not decentralized at all. Great for low fees, wrapped GBYTE is on their Quickswap too
https://quickswap.exchange/#/swap?outputCurrency=0xab5f7a0e20b0d056aed4aa4528c78da45be7308b* Binance Smart Chain - clone of EVM, basically all same as Ethereum, but not decentralized at all. Great for low fees, wrapped GBYTE is on their Pancakeswap too
https://pancakeswap.finance/swap?outputCurrency=0xeb34de0c4b2955ce0ff1526cdf735c9e6d249d09* Nano - is basically a school project that turned into actual cryptocurrency. Its scope is very small, it can just do send/receive payments and they secure the network with dPoS, but it's actually not Proof of Stake at all because you actually don't stake any of your funds at all (there is no slashing for wrong doing). Originally, delegates had to vote on conflicting blocks (basically transactions, because each block contains 1 transaction), later they changed it to voting on all blocks. Since there is no fees, it also means that it's also free to spam it. Fun!
* IOTA - mother of all clusterfu*ks - i wouldn't touch it with ten-foot pole. They basically have stepped into all buckets/rakes that there are. First they started with stateless wallet that couldn't generate it's own keys, you had to generate them with online tools that stole your keys (one guy was charged this year). Then they let MIT review their code and argued that their open-source code (coordinator is closed-source) didn't have vulnerability in ternary hashing functions, but it was copy-protection instead. Then they stole user funds because they found out that you could spend any funds that was sent to address that was already used before, later they let users claim the funds back, not all did (probably because KYC). Last, but not least, they hot-linked Moonpay payment-processor library, which got hacked, so they needed to close down the payments for whole month (data still worked). Their fans are pretty good at migrating private keys because I don't know how many times they have done it already + each time they hand over their KYC info too.
* Cardano - endless promises that took 3 years to develop and still failed with the most basic DeFi use case on their testnet. While Ethereum and it's clones are using account-model (balances are in state), Bitcon, Obyte and Cardano uses UTXO model. Obyte implemented Autonomous Agents so it can use any available UTXO, while Cardano forgot the possibility that somebody could add a transaction to a block that tries to spend the same UTXO - result is that only the first TX in a block spending the same UTXO will go through.
Obyte developed support for advanced smart-contracts in 11 months and has improved them a lot in past year. Next week, 3rd version of Autonomous Agents will activate.
Then the less techno able investors will see if this is a credible rival.
I see that syscoin is saying their smart contracts will be more " powerful " than that's eth's.
What does more powerful mean? Are there levels of smart contracts?
It can mean anything, Obyte Autonomous Agents can be called more powerful than Ethereum Smart-contracts too because it has features that Ethereum doesn't, mainly because Ethereum has nothing built-in, just sandbox with sand in it and you can choose to build whatever you want from scratch. Other platforms, including Obyte, have noticed that pretty much every smart-contract will use tokens, so why not support tokens natively and not let users build them as yet another smart-contract.
Can the same sort of apps that run on eth or avax or sol run on 0byte?
I mean I know they are written in a different language not solidity.
Yes, same kind of dapps can be deployed on different platforms, but if it's not EVM based then they probably need to be rewritten. Also, Oscript (the language for Autonomous Agents) is a mix of declarative structures and imperative programming language, but Solidity is mostly just imperative programming language.
Why is this project such low market cap?
I personally think it's because 65% was given to Bitcoin holders for free, who has been dumping since the airdrop ended, so there hasn't not been any strong floor, but for last couple years, the floor seems to be around 20-30 USD, which seems so low that even those who have GBYTE, don't think it's worth to dump anymore. coins in circulation * price = marketcap.
Also the name 0byte? Why would anyone rebrand from byteball to 0byte?
This is not a catchy name at all.
Any plans to call it something better?
It's not 0byte, it's Obyte. Some didn't like Byteball, some don't like Obyte. There will be no better name because there will always be somebody who doesn't like it. And it's pain in the ass to change the name, so I doubt we will go through that nonsense again.
