Obyte, launched in 2016, is a pioneering, miner-free DAG-based platform, ideal for secure and efficient DeFi apps. More
| Fully Diluted Valuation | $2.44M |
|---|---|
| 24H Trading Volume | $4,003 |
| 24H Low / High | $2.44 / $ 2.59 |
| Circulating Supply | 897.25 K |
| Total Supply | 1.00 M |
| Max Supply | ∞ |
| Categories | Smart Contract Platform 5 more |
|---|---|
| Founder | Tony Churyumoff |
| Website | obyte.org Whitepaper |
| Socials | 6 more |
| Chains | Ethereum Ecosystem 3 more |
| Explorer | Binplorer 8 more |
| Contracts |
0x31f....fcc2a
3 more
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| Name | Pair | OG Score |
|---|
Launched on December 25, 2016, Obyte emerged as a pioneering force in the world of cryptocurrency, marking its territory as the first distributed ledger based on a Directed Acyclic Graph (DAG). This innovative post-blockchain technology sets itself apart by eliminating traditional power centers and intermediaries like miners, paving the way for true decentralization.
Obyte's unique approach addresses several issues plaguing conventional blockchain platforms. Its absence of miners and blocks eradicates risks such as front-running and other forms of miner manipulation, making decentralized applications (dApps) not only safer but also easier to develop. These dApps are crafted using Oscript, a programming language specifically designed to avoid unsafe patterns common in earlier platforms. As a result, Obyte stands as a particularly strong contender in the DeFi space, boasting applications like Discount Stablecoins and a range of other DeFi apps that leverage its secure and efficient environment.
Beyond its technical prowess, Obyte integrates a variety of features that cater to a broad spectrum of needs. It supports self-sovereign identity, offers private untraceable currencies, and allows for the unique facility of sending crypto to email using textcoins. Moreover, Obyte's footprint is remarkably small, making it an ideal choice for IoT devices. The platform’s connection with other networks, such as Ethereum, through the decentralized cross-chain bridge Counterstake, further enhances its interoperability and reach. Notable DeFi applications exclusive to Obyte include Bonded Stablecoins, Oswap DEX, and Prophet prediction markets, each contributing to its growing ecosystem since its inception.
Obyte, a DAG-based cryptocurrency launched in 2016, uniquely eliminates miners and gatekeepers, ensuring true decentralization and enhanced security for dApps.
Obyte was developed by Anton (Tony) Churyumoff, who announced the project in September 2016.
Obyte uses a unique DAG (Directed Acyclic Graph) structure. This structure inherently differs from traditional blockchain consensus mechanisms by not relying on miners or blocks.
You can buy Obyte (GBYTE) on Nonkyc.io, Biconomy, Uniswap V3 (Ethereum), PancakeSwap (v2)Quickswap cryptocurrency exchanges.
