An open cryptocurrency platform ready for real world adoption

unbreachable contracts
user controlled identity
payments that can be easily sent over any network
easy to develop apps that connect all of the above
built on open and scalable DAG-based technology
fully functional today
wide adoption

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WHY USE O_byte

ICO Platform

The only ICO platform on the market that offers the compliant sale of security tokens out of the box.
Sell unregistered securities to accredited investors using built-in investor accreditation.
Optionally require KYC using built-in real name verification.
Sell for Bytes, BTC, ETH.
Display stats in real time.

Learn more about launching an ICO on Obyte platform.

Developer friendly

Easily find new users for your apps
Developers that create apps have instant access to all users on the O_byte platform via the in-wallet Bot Store.

The Bot Store is a bit like the Apple App Store or Google Play Store, except you don't need to compete with thousands of other apps....yet!

As an added bonus, O_byte is much easier to develop for than other crypto platforms. See our Developer resources website for the descriptions of APIs, guides, and tutorials.

See how Obyte and Ethereum compare from a development perspective.

Risk-free conditional smart payments

O_byte allows you to do something that traditional currencies can't: conditional payments
You set a condition when the payee receives the money. If the condition is not met, you get your money back.

P2P insurance

Hedge against negative events.
Buy insurance from peers to get paid in case a negative event occurs. Sell insurance for profit.

Insurance is just a simple smart contract that can be unlocked by the insured — if the event in question did occur, or by the insurer — otherwise.

To insure against flight delay, find your counterpart on our Discord, create a contract, and if your flight arrives late, chat with flight delays oracle to have it post the data about the delay, then unlock the contract.

Prediction markets

Make money by correctly predicting future events.
Create a P2P smart contract that can be unlocked if a specific event occurs. Use it for betting on price movements, sports betting, and insurance.

Find your counterpart on our Discord.

P2P betting

Bet against other users on sports events.
Find your counterpart on our Discord and create a contract that can be unlocked by you or your peer depending on the results of a future game.

After the result is known, chat with sports oracle to have it post the data about the outcome, then unlock the contract.

Textcoins

Send cryptocurrency to email or via chat.
The sender just writes an email address where he would normally write an O_byte address. The recipient just clicks a link received in email or chat. If the recipient is not in O_byte yet, he will be prompted to install the wallet. On Android, the install is started automatically. Learn more.

See this 34 second video that covers the two steps for newcomers to receive textcoins via Whatsapp, Telegram, WeChat, email etc.

Sovereign identity

Store your ID in your wallet, choose what to disclose and to whom.
Have your real identity verified and securely stored in your wallet. Jumio helps in ID verification. When you want to disclose your identity to a service provider, e.g. to participate in an ICO, you just pull it out of your wallet in a few clicks. Learn more.

P2P payments in chat

Chat and pay in the same app just by clicking links.
No need to copy and paste long crypto addresses.

Simply tap to insert your address into the chat, and the payer taps on your address to send money.

Chatbots

Talk to a bot like you would talk to a human.
Shop by chatting with a merchant's bot, pay in two clicks. Exchanges and other services are also easy to use in conversational interface.

Predictable fees

1 byte of data always costs 1 Byte.
Transaction fees are proportional to the amount of memory required to add the transaction to the ledger, at a ratio of 1:1. To add 1 byte of data to the ledger always costs 1 Byte in fees.

As long as you can calculate the total size of the transaction in bytes of memory, you know the exact fee. This provides developers some peace of mind, as they know if their app becomes popular users are still guaranteed the same low transaction fee.

Learn more about the benefits of predictable Obyte fees.

IoT (Internet of Things)

A number of IoT projects are being developed on Obyte.
BIoT (Byte IoT) is a project that connects people and devices to each other using the Obyte platform. You can manage and monitor payment processes using Obyte micropayments in payment channels and make payments during useage. For example, communication between devices can be between a smartphone BIoT client and a self-sustaining 3D printer.

Byteduino is a light implementation of Obyte for Arduino ESP8266 and ESP32 boards. It requires very little memory, working even on devices with only 40 KB of memory. A hardware cosigner built with Byteduino enables fund security by requiring you to sign multisig wallet transactions (tutorial).

Untraceable currency: Blackbytes

Cash-like privacy.
When you want complete privacy, pay in Blackbytes, a cash-like untraceable currency whose transactions are not visible on the public database, they are sent peer-to-peer instead.

Use built-in TOR switch straight from the wallet to increase your privacy even further.

More information about Blackbytes can be found on the Obyte wiki.

Users help each other

Secure each other's transactions.
There is no central entity that stores and processes all the payments. Instead, transactions created by users are cryptographically linked to each other, and once you add your new transaction, other users start adding theirs on top of yours, and the number of other transactions that link to your transaction grows like snowball (that's why the O in our name).

Core Features

ATOMIC EXCHANGE

When two parties sign a single unit that executes both legs of the exchange, the two transactions either happen simultaneously or don't happen at all. It is no longer necessary to trust any centralized exchanges.
MULTI SIGNATURE

For security, you can require that your funds be spendable only when several signatures are provided, e.g. from your laptop and from your phone. For shared control of funds, signatures from different people may be required.
IMMUTABLE STORAGE

Once stored in the O_byte database, the data can neither be revised nor removed.

REGULATED ASSETS

Regulated institutions can issue assets that are compatible with KYC/AML requirements. Every transfer of such asset is to be cosigned by the issuer, and if there is anything that contradicts the regulations, the issuer won't cosign.
ON-CHAIN ORACLES

When dealing with untrusted counterparties, you can lock the funds on an address that is spendable either by you or by the counterparty, depending on the events registered to the database by trusted data providers — oracles.
SETTLEMENT FINALITY

After certain criteria are met, a new transaction becomes final. It cannot be revised even by a powerful attacker. No guesswork about the right number of confirmations, no 51% attacks.

Fair initial distribution

Free distribution for mass adoption.

We use various ways to distribute the two main currencies of the platform, Bytes and Blackbytes:

- Cashback for purchases at the merchant stores we partner with. In most cases, the offered cashback is 10% of the purchase amount.
- Fill out the application form or contact us if you run a store or a payment processor and want to be part of the cashback program.
- Verification rewards and referral rewards to those who verify their real name.
- Verification rewards and referral rewards to those who verify their email address.
- Verification rewards and referral rewards to those who verify their Steem account.
- Verification rewards and referral rewards to accredited investors who verify their accredited status.
- Rewards to those who pass a quiz in Telegram.
- Subsidies that offset part of the fees paid when buying Bytes with Visa or Mastercard.
- Rewards for donating one's computing resources to the World Community Grid.
- Prizes for winners and referrers of winners in the weekly draw.
- Giveaways distributed e.g. through youtube channels of our supporters. See e.g. https://www.youtube.com/watch?v=hycluITNDBM.
- Mass sending of textcoins to subscribers of our partners. See the results of the previous campaigns.

Previous distributions

In the past, we also distributed Bytes to BTC holders and existing holders of Bytes. Users used to link their BTC and O_byte addresses and were receiving new Bytes in proportion to their existing balances in BTC and Bytes. This distribution was split into several rounds.

The first distribution round took place on Dec 25, 2016 when the network launched, over 70,000 BTC was linked, and 10% of the total supply of bytes and blackbytes was distributed. In the subsequent rounds, the total distributed supply reached 64.5%:

2nd round on Feb 11, 2017: 121,763 BTC linked, 1.8% distributed;

3rd round on Mar 12, 2017: 129,139 BTC linked, 2.0% distributed;

4th round on Apr 11, 2017: 145,441 BTC linked, 2.3% distributed;

5th round on May 10, 2017: 207,672 BTC linked, 2.9% distributed;

6th round on Jun 9, 2017: 453,621 BTC linked, 6.6% distributed;

7th round on Jul 9, 2017: 949,004 BTC linked, 11.0% distributed;

8th round on Aug 7, 2017: 1,395,899 BTC linked, 16.0% distributed;

9th round on Sep 6, 2017: 1,306,573 BTC linked, 5.7% distributed;

10th round on Nov 4, 2017: 1,093,155 BTC linked, 6.1% distributed;

Completely new technology

Unbounded scalability, fast confirmations, no miners, no blocks, low fees.

O_byte data is stored and ordered using directed acyclic graph (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 for miners to create a new block and there is no guesswork regarding whether miners will include their 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.
See the white paper for details.

Download your O_byte (Byteball) wallet

View public transactions on the DAG explorer.

Unofficial web wallet (partial functionality): wallet.byteballtalk.com (source code).

Testnet

Testnet wallet is also available if you are a developer or want to experience the features of O_byte without spending a penny.

Meet The Team

Tony Churyumoff

Founder and Lead Developer
Mikhail Pustovalov

Developer
Evgeniy Stulnikov

Developer
Artem Nagorny

Developer
Tarmo

Developer
Papabyte

Developer
Steve Safronoff

Partner and COO
Valerius Coppens

Head of Strategy
Luke Angell

Events and Partnerships Manager
Chen Weijun

Area Representative, China
Casper Niebe

User Acquisition Manager
David Meister

Contributor

Community and Support

Our most active communities are on Discord and Reddit, so please join us there.

Learn more

Introduction to O_byte

The 4 articles below are an excellent introduction to O_byte (formerly Byteball). The articles use graphics, video and are written in easy to understand language. We suggest starting here for most people that are new to O_byte.

PART ONE PART TWO PART THREE PART FOUR

Exchanges

You can buy or sell bytes without leaving the wallet by chatting with a trading bot. You can also trade on the exchanges listed below.

To buy or sell blackbytes, use Blackbytes.io or exchange peer-to-peer using bound (conditional) payments with other users from our Discord community.