What does it do?
Obyte is a decentralized system that allows tamper proof storage of arbitrary data, including data that represents transferrable value such as currencies, property titles, debt, shares, etc. The internal currency called bytes (GBYTE) is used as a payment for adding data into decentralized database. Obyte is not a typical proof of work blockchain, it uses DAG technology.
- Atomic exchange
- Multi signature
- Immutable storage
- On-chain oracles
- Settlement finality protects from 51% attacks
|Company Name||Obyte foundation|
|Initial Funding & Distribution|
|Total Supply Sold||There was no ICO|
|Total Amount Raised||n/a|
|Price During the Crowdsale||n/a|
|Token Distribution||99% Airdrop|
1% Tony(Founder of Byteball)
|Distribution of Funds raised||n/a|
| Sources: https://bitcointalk.org/index.php?topic=1608859.0|
|Founder & Lead Developer||Tony Churyumoff|
|Partner and Head of Business Development||Steve Safronoff|
|Head of Strategy||Valerius Coppens|
|Head of Digital Content||Paul Murray|
|Total number of Commits||4971 Commits (30 Repositories)|
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Potential market and clients
Obyte is targeting a large segment of the cryptocurrency market: ICOs, P2P services such as insurance, betting, anonymous payments. The adoption of Byteball depends on demand of its products and how well they work on business development.
Utility and economic dynamics
- GBYTE is used as a fee for storing data
- GBYTE can be used for transferring value