Fair initial distribution.
98% of all bytes and blackbytes will be distributed to current holders of bitcoin who have bothered to prove their Bitcoin balances for at least one of the rounds of distribution. No investment is required, you just need to click on the link and Byteball your bitcoin address, making a small BTC fee, or sign a message with Bitcoin address. Then the number of bytes and blackbytes you get in each round is proportional to the balance of your Bitcoin address in the picture block this round.
In the first round, more than 70 000 BTC was tied up, and we gave 10% of all bytes and blackbytes according to the associated Bitcoin remains in the first Bitcoin block label Dec 25, 2016 (new year's block). In the 2nd of 6 rounds, we distributed a further 15.5%, over 450 000 BTC was associated.
In the 7th round, which is scheduled on the full moon of July (July 9, 2017, at 04:07 UTC) we will be spreading 62.5 MB for each 1 BTC-related balance and 0.2 new bytes 1 byte you are already holding. To participate, install a wallet and a chat with the transition of bot that will help you link your bitcoin and Byteball address. Track linking in progress transition.byteball.org .
Brand new technology
Unlimited scalability, quick confirmation, no production, no blocks, low fees.
Byteball data is stored and ordered using directed acyclic graph (Dag) instead of a blockchain. This allows all users to protect each other's data, referring to data blocks previously created by other users, and also removes common scalability limitations for blockchains, such as the problem of the unit.
The consensus algorithm used to protect from double spends is based on establishing a total order in the dag. This is accomplished by selecting the circuit, called main circuit, which tends to be the units issued by recognized authoritative users — witnesses.
Details here: https://byteball.org/Byteball.pdf
Official site with information: https://byteball.org/
