Byteball Bytes was created to be an anti-forgery archive of any data, not just single-currency encryption, but also eliminates some of the shortcomings that impede the adoption of blockchain technology.
What is Byteball Bytes?
Byteball Bytes, also known as Byteball, is a decentralized system that allows the storage of arbitrary data forgery, including data representing transfer value such as currency, assets, debt, stock, etc.
In the Byteball platform there exists a local currency - "Bytes", which is used to pay for adding data to a decentralized database.
Other currencies (or assets) can also be freely released by anyone who represents property rights, debt, equity, etc. Users can send both bytes and other currencies to each other. to pay for goods or services or to trade this currency with another currency; These transactions transfer additional values to the database as storage units. If two transactions use the same output (such as double spend) and no order is made, both transactions are allowed in the database but only one of the two transactions is considered valid.
Byteball was created to be an anti-spoof archive of any data, not just a single encoding conversion, but also eliminates some of the shortcomings that hamper the acceptance and growth of Bitcoin.
New technologies are available only in Byteball Bytes:
In Byteball, there are no blocks, transactions are private blocks, and they do not need to be connected to a single string. Instead, a transaction can be linked to many previous transactions, and the whole transaction is not a sequence but a DAG (direct non-cyclic graph). Recent design based on DAG has received much attention.
In Byteball there is no PoW algorithm, instead we use another consensus algorithm based on an old idea that was well known before Bitcoin.
In Byteball, there are criteria that determine when a deal is considered final, no matter how big it is
In Byteball, the base currency - "Bytes", is used to pay for adding data to the Byteball database.
In Byteball, one can easily release assets with any rule that governs their transferability, without any restrictions (as in Bitcoin), for anything like love. All transfers must be authorized by the issuer (such as bank) or limited to a single user group with a whitelist.
Why Choose Byteball Bytes?
- ICO Byteball Project Background
The only ICO project platform on the market that allows the sale of compatible securities tokens outside the box.
Selling unregistered securities to investors using pre-built investor certificates.
Optionally requires KYC to use built-in real name verification.
Sold to Bytes, BTC, ETH.
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- Developer friendly
App developers have quick access to all users on the Byteball platform through the Bot Store in their wallet.
The Bot Store is a bit like the Apple App Store or Google Play Store, except you do not have to compete with thousands of other apps ...
- Conditional payment with no risk
Byteball allows you to do what the traditional currency can not: it is conditional
You set conditions when the beneficiary receives the money. If conditions are not met, you will receive your money back.
- P2P insurance
Buy insurance from P2P to be paid in the event of a negative event.
- Market forecasts
Make money by accurately predicting future events.
Create a smart P2P contract that can be unlocked if a specific event occurs. Use it to bet on price fluctuations, sports betting and insurance.
Find your partner in the #prediction_markets channel on slack.byteball.org/.
- P2P betting
Place bets with other users on sporting events.
- Textcoin
Send money encrypted to email or through the chat box.
The sender only writes an email address that he usually writes to the Byteball address. The recipient simply clicks on a link received in the email or chat box. If the recipient is not in Byteball, he will be prompted to install the wallet. On Android, the installation process is started automatically.
- Secure authentication
Store your IDs in your wallet, choose what to reveal and whom.
Your real identity is verified and stored securely in your wallet. Jumio (https://www.jumio.com/) helps ID verification. When you want to reveal your identity to a service provider, for example, to participate in an ICO project, you simply take it out of your wallet in a few clicks.
- Chatbot
Talk to a bot as if you were talking to someone.
Shop by talking to the seller's bot, pay in two clicks. Trading activities and other services are also easy to use in the conversation interface.
- Security coin: Blackbytes