A cryptocurrency platform ready for real world adoption

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

Learn more

WHY USE BYTEBALL

ICO Platform


Developer friendly


Risk-free conditional smart payments


P2P insurance


Prediction markets


P2P betting


Textcoins


Sovereign identity


P2P payments in chat


Chatbots


Untraceable currency: Blackbytes


Users help each other


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 Byteball 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.

Mass adoption requires wide distribution, that's why 99% of all bytes and blackbytes are to be distributed for free. Currently, we use several ways to distribute them:

- 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 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.
- 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 Byteball 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.

Byteball 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 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.
See the white paper for details.



Testnet

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


Meet The Team


Community and Support

Our most active community is on Slack, so please join us there.


Learn more

Introduction to Byteball

The 4 articles below are an excellent introduction to 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 Byteball.


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, see or post orders in #trading_blackbyte channel on our Slack, then exchange peer-to-peer using bound (conditional) payments.