Byteball Bytes (GBYTE) price, rating, news, and analysis - Binance Info
Byteball is a decentralized database with its own native cryptocurrency, Bytes, that unlike most does not require PoW or PoS mining and does not have a blockchain nor blocks. Instead, Byteball links transactions by signing the hashes from the previous transactions on the new one. These links between transactions form a DAG (Directed Acyclic Graph). Since Byteball has no blocks, there is no block size issue. Byteball can be used as a means to transfer value between users in a transaction, either with Bytes or assets that can be issued on the network or as a decentralized database that allows users to store information within it. Byteball's currency, Bytes, are used to pay transaction fees in this network. Transactions can be meant to exchange value or to store any type of data. The transaction fees (Bytes) are relative to the Bytes used in the transaction, so if a transaction uses 500 Bytes, that's the tx fee that will be charged. This system gives the currency intrinsic value, each Byte is worth a byte of information that is stored on the network, which allows the system to scale according to its use. This item was first seen by us on January 17, 2019 3:02 PM. Share this content on social media: Check out info.binance.com to find more similar content. Reply to Topic
Byteball Bytes (GBYTE Coin) Review, News, Price Bitcoin Wiki
Byteball Bytes (GBYTE) is a DAG-based cryptocurrency developed by Anton (Tony) Churyumov. Byteball is a peer-to-peer, decentralized database that provides for the tamper-proof storage of data. By linking transactions to one another in the system, Byteball aims to create safe contracts that can be trusted to execute exactly as agreed upon. The Byteball network was launched in December 2016 by founder and chief developer Tony Churyumoff. At the same time, the first GBYTE coin distribution took place. Rather than using blockchain, Byteball stores and orders transactions using a Distributed Acyclic Graph (DAG), which links storage units to one another. This entry was discovered by us on December 23, 2018 8:40 PM. Share this content on social media: Browse en.bitcoinwiki.org for additional posts. Reply to Topic
What is Byteball (GBYTE) | Beginner's Guide - CoinCentral
Blockchain technology has changed the way the world records digital data, but it also has deficiencies that have impeded its overall adoption and use. Hoping to avoid many of the issues associated with blockchain, Byteball has decided to utilize a completely different method to connect and verify its data entirely. Unlike Bitcoin, which links blocks in a linear chain, Byteball joins newly uploaded information to its database by attaching it to multiple previous data transactions. Building upon each other, the transactions form a structure called a DAG (directed acyclic graph). Although the platform offers immutable storage for any data type, it's most noteworthy feature is its versatile conditional payment system. Simple enough for any user to understand, the smart contract system allows you to easily create and tailor smart contracts for any personal need. This publication was found by us on March 02, 2018 8:26 PM. Share this content on social media: You may want to visit coincentral.com for more from this source. Reply to Topic
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