Obyte(former Byteball) (GBYTE) Cryptocurrency Economic Model and General Information

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/

Circulating supply starting 2019 is a rough projection based on Obyte’s founder’s estimation

Top 100 Holders Collectively Own 75.73% (757,273.42 Tokens) of GBYTE.

Source: https://byteball.fr/Top100ByteballRichest.php

MZ4 wallet represents undistributed funds

Social Media

Team

Title Name Linkedin 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