Byteball
| Byteball | |
|---|---|
 Prevailing Byteball logo | |
| Denominations | |
| Plural | bytes |
| Ticker symbol | GBYTE |
| Subunits | |
| 1⁄1000 | megabyte |
| 1⁄100000000 | byte |
| Development | |
| Original author(s) | Tony Churyumoff |
| White paper | "A Decentralized System for Storage and Transfer of Value"[1] |
| Initial release | 0.1.1 / 25 December 2016 |
| Latest release | 2.3.0 / 23 June 2018 |
| Code repository | github |
| Written in | Node.js |
| Operating system | Linux, Windows, macOS, iOS, Android |
| License | MIT[2][3], CC-BY-3.0[4] |
| Website | byteball |
| Ledger | |
| Ledger start | 25 December 2016 |
| Hash function | SHA-256, RIPE160MD |
| Block explorer | explorer |
| Circulating supply | 1,000,000 GBytes |
| Supply limit | 1,000,000 GBytes |
Search Byteball on Amazon.
Byteball is an open-source, public, DAG-based distributed computing platform featuring smart contract functionality.
Bytes is a cryptocurrency whose DAG is generated by the Byteball platform. Bytes can be transferred between accounts and used to compensate participant witnesses for transaction acknowledgements performed.
Byteball[5][6] was proposed in late 2016 by Tony Churyumoff[7], a cryptocurrency researcher and programmer. Development was funded by Tony Churyumoff himself. The system went live on 26 December 2016, with 1 million coins "premined" for distribution via airdrops, cashback and other distribution methods. This accounts for 100 percent of the total circulating supply.
The value of the Byteball currency grew over 1000 percent in 2017.
History[edit]
2017 - 2018[edit]
Design[edit]
DAG[edit]
Byteball[8] data is stored and ordered using directed acyclic graph[9][10] (DAG) rather than blockchain. This allows all users to secure each other's data by referencing earlier data units created by other users, and also removes scalability limits common for blockchains, such as blocksize issue.
Blockless design is simpler because there are no blocks, there are only transactions. Users just add their transactions to the end of the DAG themselves, they don't have to wait when miners create a new block and there is no guesswork whether miners will include your transaction in the block.
The consensus algorithm used to protect from double-spends is based on establishing a total order within the DAG. This is achieved by selecting a chain, called main chain, which gravitates towards units issued by commonly recognized reputable users — witnesses.[1]
Transactions[edit]
Transaction fees[edit]
Ownership[edit]
Supply[edit]
Distribution[edit]
The main method for the distribution of units of the Byteball cryptocurrency are distributed for free to holders of Bitcoin balances, provided they supply cryptographic proof of ownership.
The cashback program was first introduced 9 months after the original airdop method.
Wallets[edit]
Implementations[edit]
Decentralization[edit]
Privacy[edit]
Fungibility[edit]
Scalability[edit]
Economics[edit]
Classification[edit]
General use[edit]
Acceptance by merchants[edit]
Financial institutions[edit]
Energy consumption[edit]
Documentation[edit]
Academia[edit]
See also[edit]
Notes[edit]
References[edit]
- ↑ 1.0 1.1 "Byteball Whitepaper" (PDF).
- ↑ "byteball". GitHub. Retrieved 22 June 2018.
- ↑ "Nodejs Byteball GitHub repository". Archived from the original on 22 June 2018.
- ↑ "Website Byteball GitHub repository". Archived from the original on 23 June 2018.
- ↑ Maffei, Matteo; Ryan, Mark (2017-03-27). Principles of Security and Trust: 6th International Conference, POST 2017, Held as Part of the European Joint Conferences on Theory and Practice of Software, ETAPS 2017, Uppsala, Sweden, April 22-29, 2017, Proceedings. Springer. ISBN 9783662544556. Search this book on
- ↑ Brenner, Michael; Rohloff, Kurt; Bonneau, Joseph; Miller, Andrew; Ryan, Peter Y. A.; Teague, Vanessa; Bracciali, Andrea; Sala, Massimiliano; Pintore, Federico (2017-11-17). Financial Cryptography and Data Security: FC 2017 International Workshops, WAHC, BITCOIN, VOTING, WTSC, and TA, Sliema, Malta, April 7, 2017, Revised Selected Papers. Springer. ISBN 9783319702780. Search this book on
- ↑ Churyumoff, Tony (2018-06-22), Portrait of Tony Churyumoff, retrieved 2018-06-25
- ↑ "What Is Byteball? - Invest In Blockchain". Invest In Blockchain. 2018-02-13. Retrieved 2018-06-23.
- ↑ Lee, Sherman. "Explaining Directed Acylic Graph (DAG), The Real Blockchain 3.0". Forbes. Retrieved 2018-06-23.
- ↑ "ConsensusPedia: An Encyclopedia of 29 Consensus Algorithms". Hacker Noon. 2018-07-02. Retrieved 2018-07-03.
External links[edit]
| Technology | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consensus mechanisms | |||||||||||||||||
| Proof-of-work currencies |
| ||||||||||||||||
| Proof-of-stake currencies | |||||||||||||||||
| ERC-20 tokens | |||||||||||||||||
| Other currencies | |||||||||||||||||
| Related topics | |||||||||||||||||
This article "Byteball" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Byteball. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
