The following is not financial advice.

Welcome to back The Scoop!

This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin by focusing on evaluating instead of predicting.

What is Byteball?

It's good stuff. It's based on different tech than Blockchain, but still secure and fast. That's quite an eye opener itself. Supports many awesome things like conditional payments, P2P insurance and gambling, prediction markets and really helpful chat bots to get stuff done. The native currency isn't meant to be fully anonymous, so they created Blackbytes, it's privacy coin. You can even use TOR in wallet! But wait, there's so much more going on here...

Airdrops to BTC holders. All you need to do is register with their in-wallet transition bot and free money.



More details on their website:

https://byteball.org

Completely new tech.



Richard Heart really likes the project as well:

https://twitter.com/RichardHeartWin/status/905825839098580992

https://twitter.com/richardheartwin/status/915856717874974720

Where's the wallet?

https://github.com/byteball/byteball/releases

Along with the whitepaper:

https://byteball.org/Byteball.pdf

Even more details on the wiki:

https://wiki.byteball.org/

How many of them are they?

CMC says ~645k circulating with a total supply of 1m. Super low supply coin.

Who's the team?

Main developer is Anton Churyumov ([email protected]), but we'd expect them to expand into much bigger team in the future.

What motivates them?

If you read the whitepaper, they really seem to love tech, even altruistically which is great.

Other than that, it looks like maybe a 2% pre-allocated for the business.

Marketcap and Competitors?

~454m with ~1m volume daily.

Are there any similar projects? Well for payments/store of value, there's BTC or BCH. For tech, IOTA uses a DAG system as well. For privacy, sure we could throw Zcash in there when thinking of Blackbytes (much more supply though).

Bitcoin -> ~225b

IOTA -> ~9b

Zcash -> ~1.9b

How is Byteball different?

Well, for one it's not a blockchain. It's a DAG. No mining, yet it's still fast and scales.

More on that here:

https://medium.com/@lyaffe/scaling-a-blockchain-vs-scaling-a-tangle-8b7182eda980

And secondly, it's awesome! Just download the wallet and use it, chat bots to buy and sell you coins, a very solid product.

Pros

super tech

active development

airdrops

speed

great wallet

actually useful

Cons

lack of marketing

Check their "Smart Payments Made Simple" video series:

https://www.youtube.com/playlist?list=PL31Ri1HSTnDDI-NifLaOC5lyEiy7QXM9y

Any constructive criticism?

Got to expand the business and marketing teams to get out there and sell the product! It's great and deserves to be known and a foundation built to support it long term. DAGs could really compete with Blockchains in the future.

Where is it traded?

Most of the volume is on Bittrex today. Wow, if this thing hit Binance...

https://coinmarketcap.com/currencies/byteball/#markets

The Final

Based on the FA, GBYTE looks like a low to medium risk with high reward potential if they continue to deliver and catch on. Picking it up under 4000k sats would be bargain or around $600 - $700 would be an upper entry while still expecting solid, crypto-style gains.

And that's your scoop!

Nobody is perfect. See anything I didn't quite get right, or needs correction? Please let me know!

Remember, absolutely NOTHING you read on this blog, twitter or otherwise content anywhere on the Internet by the authors is financial advice, so DYOR and be responsible!

One more time in case you didn't see the first two: this is NOT financial advice! Also, The Scoop authors may hold coins discussed here which may creates some bias, but we try to be fair.