What is OByte?
Byteball (GBYTE) is a decentralized cryptocurrency platform. Instead of the usual blockchain approach, Byteball is built upon on a data structure called Direct Acyclic Graph. This DAG structure makes the platform more decentralized and more scalable than blockchain alternatives.
Byte balls first feature is its ability to provide tamper-proof storage of data through its system of smart contracts. This could be used for anything from, property titles to debt, shares of ownership, and more.
ByteBall’s other key feature is it easy to use, peer-to-peer smart contracts. These smart contracts allow anyone to create contracts with conditions and if those conditions are not meant then your money will get sent back to you. Though this might sound silly to someone unacquainted with smart contracts, this functionality actually offers a lot of potential for peer-to-peer insurance and much, much more.
