What is Byteball Bytes (GBYTE)?
Byteball is a decentralized system that allows tamper-proof storage of arbitrary data, including data that represents a transferrable value such as currencies, property titles, debt, shares, etc. Buy Byteball Bytes (GBYTE) in India. Buy Byteball Bytes (GBYTE) India Storage units are linked to each other such that each storage unit includes one or more hashes of earlier storage units, which serves both to confirm earlier units and establish their partial order. The set of links among units forms a DAG (directed acyclic graph).
Byteball has a wide variety of functions that give it significant advantages over some of its blockchain competitors:
- Multiple Asset Classes – Byteball can be used to store and transfer values of different asset classes such as currencies, bonds, and commodities.
- Privacy – Blackbytes gives users the ability to send payments and messages securely and anonymously.
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- Free Distribution – Unlike most cryptocurrencies that have ICOs for profit, Byteball has uniquely decided to give away most of its supply for free.
- Conditional Payments – Byteball allows users to make simple risk-free conditional payments that only complete when the designated contract criteria are met.
- P2P Insurance and Betting – Users can create customed tailored peer to peer smart payments that allow users to sell insurance to one other or to bet on specific world events.
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Byteball’s Currency “Bytes”
In Byteball, you must pay a commission using a currency called “Bytes” to add data to the database.
The name of Byteball’s currency directly reflects its value. Extremely intuitive, the number of Bytes you pay to add data to the database corresponds directly to the data size of your transaction. For instance, your commission fee to add 1 Kb of data would be 1,000 Bytes.
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Commission fees create a consistent system of value transfer that aligns the interests of all Byteball’s stakeholders. It also prevents users from spamming useless messages to the database.
In addition to payment for storage fees, you can pay Bytes directly to other users for goods or services.
Buy Byteball Bytes (GBYTE) India
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