What is Byteball?

Byteball (GBYTE)




Byteball (GBYTE) is a form of digital cryptocurrency platform that allows its users to set a condition before a payee will be allowed to receive his/her money. However, if the set condition is not met, the user will get his/her money back. According to GBYTE developers, they are happy to release a cryptocurrency coin that allows people to do something that traditional fiat currencies cannot offer.


How Byteball works?


The Testnet wallet includes bond payments, which allows you to set a condition as aforementioned before, that when your payee does not keep one side of the bargain, you will then be able to take back your money safely. It allows you to chat with other users who have the same app and pay him/her if you want to. It allows the users to predict the market price of something if the event occurred then you will be rewarded with blackbyte tokens, which have a corresponding value.


Byteball users are also allowed to create a simple, smart contract, which can only be unlocked by the creator or his/her peer depending on the future game’s results. In the more straightforward sense, betting is allowed in Byteball.


A smart contract refers to the penalties and rules that directly controls the transferring and receiving assets or digital currencies between parties. Each party is obliged to follow certain conditions. It is also referred as the crypto contract, which helps in maintaining how the asset exchange flow to run smoothly. One of the goals of Byteball developers is to make smart payments simpler and open to use for all people across the world.

Byteball Video

The blackbytes is a form of digital currency which cannot be traced. It gives GBYTE users complete privacy when they make payments in blackbytes, the transferring of funds will not be visible in the public database; instead, they are sent via the person-to-person method.


Read More

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

DISCLAIMER The information contained on this website is provided for informational purposes only and is not intended to substitute for professional financial, legal or tax advice. You should consult a professional before acting on any information you find here. This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. Any references to third party products, rates, or websites are subject to change without notice. Please do the appropriate research before participating in any third party offers. © Copyright 2020 Cryptostec
%d bloggers like this: