Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 116. (Read 1234271 times)

At the end of October

any info about bittrex gbyte delisting? when does it scheduled?

any info about bittrex gbyte delisting? when does it scheduled?

what was he talking about? What is interesting and what news? Where can I find a video performance?

Byteballs Head of Strategy Valerius Coppens was speaking at the Future of Blockchain event in Barcelona last week.

Movie stars love red carpets, but red couches are the future (like DAG).

It seems to be the first hardware wallet for byteball, isn't it. Did they flash byteball code into arduino hardware to build that wallet?

While some projects dedicated to IoT still don't have a product, Byteball is on Arduino!

https://steemit.com/arduino/@papabyte/you-like-crypto-and-arduino-build-this-hardware-cosigner-for-byteball-wallet

Could I pick 12 witnesses, none of whome are tony if I wanted to?

Maybe other sites become more reliable:
https://coinlib.io/coin/GBYTE/Byteball
https://exchangewar.info/coinprice?gbyte_btc
https://coinpaprika.com/exchanges/cryptox/

looks like cryptox in no 1 in GBYTE volume.

I don't think you understand how witnesses work. Let me try once more:

Byteball needs witnesses to be able to prevent doublespends. A transaction is always referred to by someone else’s transaction. Most of them are referred to by transactions by unknown users. But some transactions are signed by known users. For example, big merchants, exchanges, or just reputable individuals or organizations.

If a user sees 2 conflicting transactions, the user validating them will look for the 2 transactions’ previously referenced transactions and check if some of those are created by known users. The transaction with most “witness” referenced transactions is “best” and the other is deemed invalid. We call these users “witnesses”, because they “witness” the reality for those who come after them.

A witness is just a regular, frequently posting full node, with one big difference: the identity of the person or organization running it is publicly known.

A witness ​witnesses​ transactions, they can not change them or otherwise influence them in any way. This means that a witness can not be held responsible for transactions it witnessed, they didn’t do anything to them but ​witness​ them taking place;

● This means that their reputation in the real world should ​not​ be negatively affected by bad actors on the Byteball platform but ​only​ if they, ​themselves​ misbehave by either:
○ Posting transactions out of order;
○ Not posting transactions at all;
○ Collude with other witnesses;
○ Doing anything that causes them to lose trust of the community.

There are 12 witnesses involved in every transaction. In exchange for the work involved, a witness collects part of the transaction fee (the payload fee). This list varies very little from transaction to transaction. There cannot be more than one change in the witnesses list. The witnesses majority (6+1) show the path to the “main chain”. A witness may even be down for an amount of time without it affecting the network. The security of the network would only be threatened if 6 witnesses colluded, which is theoretically possible but practically implausible.

So, we threw out miners and introduced witnesses. Doesn’t that make them a new privileged class? To some extent, but there is an important difference. While miners look at your transactions and ​decide ​if they like this transaction or not, a witness has ​no direct influence​. It’s Users that look for witnesses to determine the consensus order of transactions. ​Witnesses don’t decide anything about individual transactions.​ ​They ensure the integrity of the network simply by being there.

The platform was set up with 12 witnesses all being the founder, Anton Churyumoff (Tony). He is, of course, "a highly reputable user with a real-world identity", and totally trustworthy. Byteball is his baby, after all. But this couldn't get more centralized; unwelcome in a going-to-become decentralized system. So we need to diversify, to start trusting others willing to stand up publicly and put their reputation on the line.

So far I'm talking to more than 10 candidate witnesses, of which 4 are pretty much confirmed. We will present them to the community in the coming months. So yes, we are going to become decentralized. Step by step, but surely.

Almost 69% distributed, see https://explorer.byteball.org/#MZ4GUQC7WUKZKKLGAS3H3FSDKLHI7HFO for the remaining amount.
Still all Tony, in the process of decentralizing the witnesses, announcements coming soon.
Answers to both questions are in this thread, so just follow this thread basically.
And subscribe to the newsletter, link at the top on https://byteball.org/

Wondered if anyone can help me. Does anyone have any information on how many bytes have so far been distributed? eg 60% ? 70% ?

Also how is it going with witnesses? Are all still centralised with Tonych ? Or are there any new witnesses on the network ?

Is there some place I can go online to check these things and stay up to date with progress?

These are the critical issues facing byteball


Cheers