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.
Key Features
- Atomic exchange
- Multi signature
- Immutable storage
- On-chain oracles
- Settlement finality protects from 51% attacks
General information
Company Name | Obyte foundation |
Incorporation date | 2016 |
Incorporation Address | n/a |
Website | https://byteball.org/ |
Blog | http://dailybyteball.blogspot.com/ |
Phone | n/a |
Economic details
Initial Funding & Distribution | |
---|---|
Ticker | GBYTE |
Token Type | Cryptocurrency |
Total Supply Sold | There was no ICO |
Total Amount Raised | n/a |
Price During the Crowdsale | n/a |
Hard Cap | n/a |
Whitepaper | https://byteball.org/Byteball.pdf |
Token Distribution | 99% Airdrop 1% Tony(Founder of Byteball) |
Distribution of Funds raised | n/a |
Crowdsale Date | n/a |
Sources: https://bitcointalk.org/index.php?topic=1608859.0 https://byteball.org/ |


Source: https://byteball.fr/Top100ByteballRichest.php
MZ4 wallet represents undistributed funds
Social Media
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Team
Title | Name | ||
---|---|---|---|
![]() | Founder & Lead Developer | Tony Churyumoff | ![]() |
![]() | Partner and Head of Business Development | Steve Safronoff | ![]() |
![]() | Head of Strategy | Valerius Coppens | ![]() |
![]() | Head of Digital Content | Paul Murray | ![]() |
Development
Total number of Commits | 4971 Commits (30 Repositories) |
Partners
Connax – a company that has a software helping IoT device manufacturers to secure, manage and monetise devices.
Jumio – a company that verifies customers’ real world identities.
Estreams.tv – e-sports streaming channel.
Trust.zone – a portal that helps users to hide their identity.
Competitors
IOTA – a project that, just like Byteball, is utilizing DAG concept.
NANO (former RaiBlocks) – a low-latency payment platform that requires minimal resources.
Ethereum – a decentralized platform that runs smart contracts and it allows developers to create their own decentralize application.
Augur – a prediction market.
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