This decentralized product can be described by one simple sense, a smart payment network. This financial system has so much value to different sectors of the economy. Basically ranging from mundane tasks such as paying regular utility bills to complex financial instruments on the capital market level based on a simple contract which provide conditions for payment.
Byteball Bytes project concept started way back in 2016 and has the objective of making payments with cryptocurrency possible without the issues of trust being a problem. This is accomplished using smart contracts.
One very peculiar and interesting thing about Byteball investment unlike many FinTech decentralized products in the market today, is that it is not based on the blockchain technology, however it does carry along most of the traits of decentralization; instead, the platform has an infrastructural layout built on a technology called Direct Acyclic Graph, which is used to achieve consensus.
To buy Byteball Bytes, there are limited options for now as of the time of writing. The currency can only be found on very few exchanges and there are only a handful of markets for it, this makes it a rare coin to buy; however, it can be classed under the undervalued sections because of the fact that not too many people are trading in the asset. You can only buy with bitcoin at the moment, so if you have to buy GBYTE, you’ll need to purchase bitcoin or exchange your other cryptocurrency to bitcoin first.
To store your new asset, you will need to download their wallet from the official website (i.e. if you don’t want to leave it on the exchange wallet). The wallets have been designed for different operating systems and mobile versions. Simply select the one that suits you and set up by following the onscreen instructions.