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.
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
- RichardHeartWin
https://twitter.com/richardheartwin/status/915856717874974720
- richardheartwin
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/
CMC says ~645k circulating with a total supply of 1m. Super low supply coin.
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.
~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).
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
Cons
Check their "Smart Payments Made Simple" video series:
https://www.youtube.com/playlist?list=PL31Ri1HSTnDDI-NifLaOC5lyEiy7QXM9y
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.
Most of the volume is on Bittrex today. Wow, if this thing hit Binance...
https://coinmarketcap.com/currencies/byteball/#markets
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!
