Obyte (GBYTE Token) Review

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00:00Welcome back to Decentralized News, just another quick project review from one of our viewers' suggestions.

00:07Give us a like and a subscribe and also check out the links in the description to support us.

00:12So today we are looking at AllByte, which is a project that has this token with the ticker GBYTE, GBYTE,

00:20and currently trading at around $12, which is quite a good sum if you ask me.

00:30And I just thought, OK, not a problem. Let us get into what this token is all about.

00:36Let's try to understand if there is something behind this project that warrants them to be pushing that token at that price.

00:44And you can currently find this token being traded on FINE, Xbox, Fulgri, Bittrex, QuickSwap, etc.

00:52You can always find all of these cryptocurrency exchange reviews on our main site.

00:56And go to our ecosystems tab if you want to know which cryptocurrency platforms or trading platforms that we recommend people should use.

01:05So it was actually launched back in 2016.

01:07Apparently, this is a project that previously had another name, apparently formerly Byteball.

01:15It is actually a DAG-based cryptocurrency developed by Anton Chiyumov.

01:22I'm not sure where he's from.

01:25Back in 2016, AllByte is said to be a distributed ledger based on directed acyclic graph.

01:33The team chains, the team actually does claim that due to the absence of blocks and miners, access to AllByte ledger is decentralized,

01:44des-intermediated, and equal and open.

01:48And it claims to be the first DAG-based cryptocurrency platform to support decentralized applications.

01:54Due to the absence of miners and blocks, the team does say that there's no risk of front-running or miner manipulation.

02:02And DABs are safer and easier to develop on that blockchain.

02:07And the DABs are created in all script in your language that avoids many unsafe programming patterns that are common in a layer DAB platform.

02:18So the team does believe that AllByte is especially suited for DeFi apps.

02:23Some have already been made available on the platform, such as Bonded Stable Coins, which is on allstable.org.

02:33And other features include self-sovereignty identity, private untraceable currencies,

02:40sending crypto to email using text coins, and extremely small footprint libraries suitable for small IoT devices.

02:51So this is what their use case is focusing on.

02:55Currently, like I said, they are available on Bittrex with a BTC pair, on QuickSwap with a USDT pair,

03:03and on Findbox with a USDT pair, rather.

03:07And, you know, not a lot of significant volume, I suppose maybe that is why this token is trading that highly,

03:18because maybe there's just not a lot of volume and not a lot of people selling.

03:22The circulating supply is, you know, not too far away from the maximum and total supply.

03:28So they do have a market max supply.

03:31Go check it out.

03:32Let me know what you think, guys, if this is a project you would want to get involved with.

03:38They say that, yeah, you know, it is one that is meant to bring something unique to the system.

03:46You can download it for Windows, for Mac, and you can test it for also Linux.

03:52And they have some information on their website that links you to their GitHub.

03:57So I hope you who requested in our Discord that we reviewed this, you're happy with the review.

04:04And don't forget to check out links in the description to our books, Tokenized Trillions, Blockchain Applied.

04:08Also check out links to our Telegram and our Discord server.

04:13Like, share, subscribe, turn on the notification bell.

04:15See you in the next piece.

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