Decentralized storage and transfer of value
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Technology: Byteball blockchain
Byteball ICO Short Review
Byteball is a decentralised system that allows tamper proof storage of arbitrary data, including data that represents transferrable value such as currencies, property titles, debt, shares, etc. Storage units are linked to each other such that each storage unit includes one or more hashes of earlier storage units, which serves both to confirm earlier units and establish their partial order. There is an internal currency called ‘bytes’ that is used to pay for adding data into the decentralised database. Other currencies (assets) can also be freely issued by anyone to represent property rights, debt, shares, etc.