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Image Credit: Freepik. I’ve had these trousers for three years now, and each time I wear them (which is often), they look fresh and styleable in so many ways. Their hybrid design blends 1930s men’s classic and contemporary military moments – a ...

10 Bottoms To Save You From “I’ve Got Nothing to Wear” Days

Freepik

freepik

They’re often (mis)used by malicious hackers and other cyber-criminals, so the question about their legality could come to mind easily. Privacy coins are cryptocurrencies designed to enhance user anonymity by hiding transaction details, such as the sender, receiver, and amount. Popular examples include Monero and Zcash, but there are more of them. The concerns about them are obvious: potential use in illegal activities, such as money laundering or tax evasion. To be fair, that could also be perfectly done (and it is done) with traditional cash. Even with electronic fiat money, and with cryptocurrencies that aren’t privacy-focused. If criminals have a can-do attitude, they surely can accomplish their dark goals, no matter the tool involved. Privacy coins have legitimate use cases, of course, including protecting personal financial information, safeguarding against identity theft, enabling secure donations to sensitive causes, and facilitating private transactions in oppressive regimes. That’s maybe why privacy coins aren’t illegal in most countries, per se. However, there are some exceptions and limitations. Regulations on Privacy Coins Privacy coins are subject to varying regulations globally, reflecting the balance between financial privacy and the need for security against illicit activities. While these cryptocurrencies remain legal in most of the world, countries like Japan, South Korea, and Australia have implemented restrictions, leading to the delisting of prominent privacy coins such as Monero and Zcash from some exchanges. The European Union has also considered a comprehensive ban, highlighted by a draft anti-money laundering bill proposing that financial institutions and crypto service providers be prohibited from dealing with anonymity-enhancing coins. Mainstream exchanges like Kraken, Huobi and BitBay have acted on these regulatory pressures by ceasing support for privacy coins. In the U.S., the government has taken a hard stance against privacy services, exemplified by sanctions imposed on Tornado Cash, a mixing service associated with money laundering activities. The Internal Revenue Service (IRS) has even invested in potential technology to de-anonymize privacy coins, reflecting a broader governmental commitment to transparency in cryptocurrency transactions. Now, we have to say this: as long as transactions are made directly peer-to-peer (P2P), users are completely safe using these coins. Current bans apply to businesses, and not to individual users. Things get complicated when they touch centralized crypto exchanges, subjected to strict regulations worldwide. Especially about identifying their customers (KYC) —which, by the way, kills all the purpose of using privacy coins in the first place. Blackbytes in Obyte Blackbytes (GBB) is a privacy-focused currency on Obyte, designed to enhance transaction confidentiality. This token conceals recipient information and payment amounts on the public ledger and only transaction hashes are published, while sensitive data is shared via private messages. This approach allows users to verify the legitimacy of transactions without exposing the full history, thereby providing a higher level of privacy compared to public assets like GBYTE and other cryptocurrencies. Blackbytes are legal and safe to use by individual users, since they were designed to be exchanged solely through peer-to-peer (P2P) transactions. This means that these privacy tokens don’t engage with centralized exchanges, which have faced increasing scrutiny and restrictions regarding privacy coins worldwide. By focusing on a P2P trading directly from the Obyte wallet, Blackbytes can avoid the complicated landscape faced by other privacy coins worldwide. In many jurisdictions, while these tokens may face significant regulatory challenges, the operation of tokens like Blackbytes can continue without the same level of scrutiny, as they don’t require engagement with regulated financial institutions. This positioning may provide a path for privacy-focused cryptocurrencies to navigate the current legal landscape while maintaining user anonymity. Featured Vector Image by Freepik They’re often (mis)used by malicious hackers and other cyber-criminals, so the question about their legality could come to mind easily. Privacy coins are cryptocurrencies designed to enhance user anonymity by hiding transaction details, such as the sender, receiver, and amount. Popular examples include Monero and Zcash, but there are more of them. The concerns about them are obvious: potential use in illegal activities, such as money laundering or tax evasion. To be fair, that could also be perfectly done ( and it is done ) with traditional cash. Even with electronic fiat money , and with cryptocurrencies that aren’t privacy-focused. If criminals have a can-do attitude, they surely can accomplish their dark goals, no matter the tool involved. Privacy coins have legitimate use cases, of course, including protecting personal financial information, safeguarding against identity theft, enabling secure donations to sensitive causes, and facilitating private transactions in oppressive regimes. and it is done and it is done electronic fiat money electronic fiat money Privacy coins have legitimate use cases, of course, including protecting personal financial information, safeguarding against identity theft, enabling secure donations to sensitive causes, and facilitating private transactions in oppressive regimes. That’s maybe why privacy coins aren’t illegal in most countries, per se. However, there are some exceptions and limitations. Regulations on Privacy Coins Privacy coins are subject to varying regulations globally, reflecting the balance between financial privacy and the need for security against illicit activities. While these cryptocurrencies remain legal in most of the world, countries like Japan, South Korea, and Australia have implemented restrictions , leading to the delisting of prominent privacy coins such as Monero and Zcash from some exchanges. varying regulations varying regulations While these cryptocurrencies remain legal in most of the world, countries like Japan, South Korea, and Australia have implemented restrictions The European Union has also considered a comprehensive ban, highlighted by a draft anti-money laundering bill proposing that financial institutions and crypto service providers be prohibited from dealing with anonymity-enhancing coins. Mainstream exchanges like Kraken, Huobi and BitBay have acted on these regulatory pressures by ceasing support for privacy coins. consider ed consider In the U.S., the government has taken a hard stance against privacy services, exemplified by sanctions imposed on Tornado Cash , a mixing service associated with money laundering activities. The Internal Revenue Service (IRS) has even invested in potential technology to de-anonymize privacy coins, reflecting a broader governmental commitment to transparency in cryptocurrency transactions. Tornado Cash Tornado Cash invested invested Now, we have to say this: as long as transactions are made directly peer-to-peer (P2P), users are completely safe using these coins. Current bans apply to businesses, and not to individual users. Things get complicated when they touch centralized crypto exchanges, subjected to strict regulations worldwide. Especially about identifying their customers (KYC) —which, by the way, kills all the purpose of using privacy coins in the first place. Now, we have to say this: as long as transactions are made directly peer-to-peer (P2P), users are completely safe using these coins. Blackbytes in Obyte Blackbytes (GBB) is a privacy-focused currency on Obyte, designed to enhance transaction confidentiality. This token conceals recipient information and payment amounts on the public ledger and only transaction hashes are published, while sensitive data is shared via private messages. This approach allows users to verify the legitimacy of transactions without exposing the full history, thereby providing a higher level of privacy compared to public assets like GBYTE and other cryptocurrencies. Blackbytes (GBB) Blackbytes (GBB) Blackbytes are legal and safe to use by individual users, since they were designed to be exchanged solely through peer-to-peer (P2P) transactions. This means that these privacy tokens don’t engage with centralized exchanges, which have faced increasing scrutiny and restrictions regarding privacy coins worldwide. Blackbytes are legal and safe to use by individual users, since they were designed to be exchanged solely through peer-to-peer (P2P) transactions. By focusing on a P2P trading directly from the Obyte wallet , Blackbytes can avoid the complicated landscape faced by other privacy coins worldwide. In many jurisdictions, while these tokens may face significant regulatory challenges, the operation of tokens like Blackbytes can continue without the same level of scrutiny, as they don’t require engagement with regulated financial institutions. This positioning may provide a path for privacy-focused cryptocurrencies to navigate the current legal landscape while maintaining user anonymity. Obyte wallet Obyte wallet Featured Vector Image by Freepik Featured Vector Image by Freepik Freepik Freepik

Educational Byte: Are Privacy Coins Like Monero and Zcash Legal?

Byte Educativo: ¿Monero ukat Zcash ukham Privacidad Monedas ukanakax Legal ukhamäpachati?

Vzdělávací Byte: Jsou soukromé mince jako Monero a Zcash legální?

Byte educativo: ¿Son legales las monedas de privacidad como Monero y Zcash?

Koulutustavu: Ovatko Monero- ja Zcashin kaltaiset tietosuojakolikot laillisia?

Byte éducatif : les pièces de confidentialité comme Monero et Zcash sont-elles légales ?

शैक्षिक बाइट: क्या मोनरो और ज़ेकैश जैसे गोपनीयता सिक्के कानूनी हैं?

Educational Byte: Apakah Koin Privasi Seperti Monero dan Zcash Legal?

教育バイト: Monero や Zcash のようなプライバシー コインは合法ですか?

Byte Éducatif: Est-ce que ba mbongo ya vie privée lokola Monero na Zcash ezali légal?

Educational Byte: Ara-dalàna ve ny vola madinika momba ny fiainana manokana toa an'i Monero sy Zcash?

Educational Byte: Czy prywatne monety, takie jak Monero i Zcash, są legalne?

Байти таълимӣ: Оё тангаҳои махфият ба монанди Monero ва Zcash қонунӣ ҳастанд?

Financial Censorship: 5 Global Cases and How Crypto Can Help You Avoid It

الرقابة المالية: 5 حالات عالمية وكيف يمكن للعملات المشفرة أن تساعدك على تجنبها

আর্থিক সেন্সরশিপ: 5টি গ্লোবাল কেস এবং কীভাবে ক্রিপ্টো আপনাকে এটি এড়াতে সহায়তা করতে পারে

Censura financiera: cinco casos globales y cómo las criptomonedas pueden ayudarte a evitarla

Censure financière : 5 cas mondiaux et comment les crypto-monnaies peuvent vous aider à les éviter

צנזורה פיננסית: 5 מקרים גלובליים וכיצד קריפטו יכול לעזור לך להימנע מכך

Ֆինանսական գրաքննություն. 5 գլոբալ դեպքեր և ինչպես կրիպտոն կարող է օգնել ձեզ խուսափել դրանից

金融検閲: 世界的な事例 5 つと、暗号通貨でどのように回避できるか

Финансылык цензура: 5 глобалдык учур жана крипто кантип андан качууга жардам берет

Financiële censuur: 5 wereldwijde gevallen en hoe crypto u kan helpen dit te voorkomen

Kwemari Censorship: 5 Global Mhosva uye Sei Crypto Inogona Kukubatsira Kuidzivirira

Финансијска цензура: 5 глобалних случајева и како вам крипто може помоћи да је избегнете

مالیاتی سنسرشپ: 5 عالمی معاملات اور کس طرح کرپٹو آپ کو اس سے بچنے میں مدد کر سکتا ہے۔

Most online transactions, in fiat and crypto alike, go through their own process in the background between sending and approval. In traditional banking systems, a transaction is considered final once it’s fully processed by all involved financial institutions —and yet, it still can be reversed for any reason. This doesn’t happen with most cryptocurrencies, where transactions aim to be immutable. Transaction finality in crypto refers to the point at which a transaction is considered permanent and irreversible on the network. Once a transaction reaches finality, it cannot be undone or changed, ensuring that the funds are with the intended recipient or the data involved is undoubtedly on chain. This assures users that they can safely spend the received funds. Of course, not all cryptos are built the same, and they all have different mechanisms to reach their own level of transaction finality. Deterministic vs. Probabilistic You’ll likely find several types of transaction finality in crypto, but they could be reduced to deterministic or probabilistic. Deterministic finality ensures that once a transaction is confirmed or stable, it is final and irreversible. Platforms like Obyte or some Proof-of-Stake (PoS) networks offer this type of finality, where their internal mechanisms make it impossible for a confirmed transaction to be undone, providing a higher level of security and certainty for users. In contrast, probabilistic finality occurs when a transaction becomes more secure over time but could theoretically be reversed, especially shortly after it was broadcast to the network. For instance, in Bitcoin, a transaction with just one confirmation is less secure than one with six confirmations. This is because, early on, there’s a small chance that a miner could create an alternative chain with enough mining power, effectively reversing the transaction. A practical example of this is a 51% attack, where an entity controlling the majority of the network’s hashing power could rewrite recent blocks, potentially reversing or invalidating previous transactions. This scenario is unlikely, though, because the costs often exceed the potential reward. However, in theory, it’s still possible to reverse transactions on probabilistic blockchains, especially if they’re small. Finality Matters In the digital world, almost everything can be copied and pasted, and that was a problem in creating electronic money for many years. Cryptocurrencies brought their own cryptographic and decentralized system to prevent exactly that. Without finality, someone could spend their crypto twice (double-spending), undermining the entire system’s integrity. By guaranteeing that once a transaction is confirmed, it’s recorded permanently on the chain, finality eliminates this risk, creating a reliable framework for the exchange of digital assets. This is why transaction finality matters, in the first place. In the field of smart contracts, finality also plays a critical role. Smart contracts are automated agreements that execute based on predefined conditions, and their outcomes rely on the immutability of their network —without middlemen. Finality ensures that once a smart contract executes, its results are permanent, meaning the terms of the agreement are fulfilled without the possibility of reversal. This is essential for maintaining trust in smart contract-based applications, where the stakes are high, and participants need certainty that agreements will be honored. For decentralized applications (Dapps), transaction finality is key to maintaining the security and reliability of their operations. When users interact with Dapps, they need to know that their actions and transactions are irreversible once confirmed. Finality guarantees this, ensuring that the outcomes of Dapp interactions are trustworthy. Stable Transactions in Obyte Obyte is a decentralized network that uses a Directed Acyclic Graph (DAG) structure instead of a blockchain, allowing for more decentralization. Unlike blockchains, where a small group of block producers can dominate and even censor transactions, Obyte eliminates these central power structures. Its DAG model ensures that no single entity can control the network, creating a system where there aren’t middlemen between transaction sending and transaction approval. In terms of transaction finality, Obyte reaches deterministic finality once a transaction is deemed stable, meaning it cannot be reversed —ever. This is achieved by gradually building a Main Chain (MC) through transactions posted by Order Providers (OPs—nodes with guiding transactions). As new transactions are added to the network, each user tracks their own current MC based on the latest transactions they have received. While the recent part of the MC might change as new transactions are received, its old part, beyond some point, is stable, meaning that it will never change no matter what new transactions are received. This point is called the stability point. A transaction becomes final and irreversible once the stability point moves ahead of the transaction. This happens when enough “weight” from OPs is placed on the older part of the MC and any competing branches lose their chances of redirecting that part of the MC. Therefore, after reaching the stability point, a transaction is considered fully confirmed and cannot be reversed, ensuring deterministic finality, as opposed to the probabilistic one on some well-known blockchains, including Bitcoin. As a result, users can enjoy the benefits of a whole crypto ecosystem including smart contracts, Decentralized Finance (DeFi) apps, Autonomous Agents (AA), customized tokens, and more features, all with integrated deterministic finality. Ready to explore it? Featured Vector Image by vectorjuice / Freepik Most online transactions, in fiat and crypto alike, go through their own process in the background between sending and approval. In traditional banking systems, a transaction is considered final once it’s fully processed by all involved financial institutions —and yet, it still can be reversed for any reason. This doesn’t happen with most cryptocurrencies, where transactions aim to be immutable. Transaction finality in crypto refers to the point at which a transaction is considered permanent and irreversible on the network. Once a transaction reaches finality, it cannot be undone or changed, ensuring that the funds are with the intended recipient or the data involved is undoubtedly on chain. This assures users that they can safely spend the received funds. Transaction finality in crypto refers to the point at which a transaction is considered permanent and irreversible on the network. Of course, not all cryptos are built the same, and they all have different mechanisms to reach their own level of transaction finality. Deterministic vs. Probabilistic You’ll likely find several types of transaction finality in crypto, but they could be reduced to deterministic or probabilistic. Deterministic finality ensures that once a transaction is confirmed or stable, it is final and irreversible. Platforms like Obyte or some Proof-of-Stake (PoS) networks offer this type of finality, where their internal mechanisms make it impossible for a confirmed transaction to be undone, providing a higher level of security and certainty for users. types of transaction finality types of transaction finality Obyte Obyte In contrast, probabilistic finality occurs when a transaction becomes more secure over time but could theoretically be reversed , especially shortly after it was broadcast to the network. For instance, in Bitcoin, a transaction with just one confirmation is less secure than one with six confirmations. This is because, early on, there’s a small chance that a miner could create an alternative chain with enough mining power, effectively reversing the transaction. In contrast, probabilistic finality occurs when a transaction becomes more secure over time but could theoretically be reversed A practical example of this is a 51% attack, where an entity controlling the majority of the network’s hashing power could rewrite recent blocks, potentially reversing or invalidating previous transactions. This scenario is unlikely, though, because the costs often exceed the potential reward. However, in theory, it’s still possible to reverse transactions on probabilistic blockchains, especially if they’re small. the costs the costs Finality Matters In the digital world, almost everything can be copied and pasted, and that was a problem in creating electronic money for many years. Cryptocurrencies brought their own cryptographic and decentralized system to prevent exactly that. Without finality, someone could spend their crypto twice (double-spending), undermining the entire system’s integrity. By guaranteeing that once a transaction is confirmed, it’s recorded permanently on the chain, finality eliminates this risk, creating a reliable framework for the exchange of digital assets. This is why transaction finality matters, in the first place. By guaranteeing that once a transaction is confirmed, it’s recorded permanently on the chain, finality eliminates this risk, creating a reliable framework for the exchange of digital assets. In the field of smart contracts , finality also plays a critical role. Smart contracts are automated agreements that execute based on predefined conditions, and their outcomes rely on the immutability of their network —without middlemen. Finality ensures that once a smart contract executes, its results are permanent, meaning the terms of the agreement are fulfilled without the possibility of reversal. This is essential for maintaining trust in smart contract-based applications , where the stakes are high, and participants need certainty that agreements will be honored. smart contracts smart contracts smart contract-based applications smart contract-based applications For decentralized applications (Dapps), transaction finality is key to maintaining the security and reliability of their operations. When users interact with Dapps, they need to know that their actions and transactions are irreversible once confirmed. Finality guarantees this, ensuring that the outcomes of Dapp interactions are trustworthy. Stable Transactions in Obyte Obyte is a decentralized network that uses a Directed Acyclic Graph (DAG) structure instead of a blockchain, allowing for more decentralization. Unlike blockchains, where a small group of block producers can dominate and even censor transactions, Obyte eliminates these central power structures. Its DAG model ensures that no single entity can control the network, creating a system where there aren’t middlemen between transaction sending and transaction approval. Obyte Obyte In terms of transaction finality, Obyte reaches deterministic finality once a transaction is deemed stable, meaning it cannot be reversed —ever. This is achieved by gradually building a Main Chain (MC) through transactions posted by Order Providers (OPs—nodes with guiding transactions). As new transactions are added to the network, each user tracks their own current MC based on the latest transactions they have received. In terms of transaction finality , Obyte reaches deterministic finality once a transaction is deemed stable, meaning it cannot be reversed —ever. transaction finality transaction finality While the recent part of the MC might change as new transactions are received, its old part, beyond some point, is stable, meaning that it will never change no matter what new transactions are received. This point is called the stability point. A transaction becomes final and irreversible once the stability point moves ahead of the transaction. This happens when enough “weight” from OPs is placed on the older part of the MC and any competing branches lose their chances of redirecting that part of the MC. Therefore, after reaching the stability point, a transaction is considered fully confirmed and cannot be reversed, ensuring deterministic finality, as opposed to the probabilistic one on some well-known blockchains, including Bitcoin. As a result, users can enjoy the benefits of a whole crypto ecosystem including smart contracts, Decentralized Finance (DeFi) apps, Autonomous Agents (AA), customized tokens, and more features, all with integrated deterministic finality. Ready to explore it? Ready to explore it? Ready to explore it? Featured Vector Image by vectorjuice / Freepik Featured Vector Image by vectorjuice / Freepik Freepik Freepik

Educational Byte: What Is Transaction Finality in Crypto, and Why Does It Matter?

Opvoedkundige byte: wat is transaksiefinaliteit in Crypto, en waarom maak dit saak?

Навучальны байт: што такое канчатковасць транзакцыі ў крыптаграфіі і чаму гэта важна?

Εκπαιδευτικό Byte: Τι είναι το Τελικό Συναλλαγών στο Crypto και γιατί έχει σημασία;

Byte educativo: ¿Qué es la finalidad de las transacciones en criptomonedas y por qué es importante?

Byte educativo: que é a finalidade da transacción en Crypto e por que importa?

Oktatási bájt: Mi a tranzakció véglegessége a titkosításban, és miért számít?

教育バイト: 暗号通貨におけるトランザクションのファイナリティとは何ですか? また、なぜそれが重要なのですか?

Educational Byte: Inona no atao hoe Transaction Finality ao amin'ny Crypto, ary nahoana no zava-dehibe izany?

تعلیمي بایټ: په کریپټو کې د لیږد پای څه شی دی، او ولې دا مهمه ده؟

Byte educacional: O que é finalidade de transação em criptomoedas e por que isso é importante?

Utbildningsbyte: Vad är transaktionsfinal i krypto, och varför spelar det någon roll?

Eğitim Baytı: Kriptoda İşlem Kesinliği Nedir ve Neden Önemlidir?

Cypherpunks Write Code: Len Sassaman & Remailers

সাইফারপাঙ্কস কোড লিখুন: লেন সাসামান এবং রিমেলার

Los cypherpunks escriben código: Len Sassaman y los remailers

Cypherpunks Kirjoita koodi: Len Sassaman & Remailers

Cypherpunks כותבים קוד: Len Sassaman & Remailers

サイファーパンクがコードを書く: レン・サッサマンとリメイラー

Cypherpunks Kokoma Code: Len Sassaman & Ba remailers

Cypherpunks Rašyti kodą: Len Sassaman & Remailers

Cypherpunks د لیکلو کوډ: لین ساسامان او ریمیلرز

Cypherpunks escrevem código: Len Sassaman e Remailers

Шифропанки пишут код: Лен Сассаман и ремейлеры

Cypherpunks Write Code: Len Sassaman සහ Remailers

ሳይፈርፓንክስ ኮድ ጽሓፍ: ሌን ሳሳማን & ሪሜይለርስ

Obyte is a big ecosystem with smart contracts, Autonomous Agents (AAs), attestations, oracles, internal assets, chatbots, and many Decentralized Finance (DeFi) applications. As such, there are a lot of aspects, items, and resources you may want to check, depending on your own activities inside the platform. Except for stats and public transactions of the privacy coin Blackbytes (GBB) and other private tokens, for obvious reasons, the rest of the network is transparent for everyone to consult whatever they need. However, not every resource is directly available on the main website but on complementary sites. From some general data to liquidity providers (LP) reward lists, let’s explore some handy Obyte-related portals. Non-Financial Data & Stats The main website of our network is Obyte.org, but there’s also an Obyte.io page. It’s not phishing or any other trap, but an open-source non-financial data explorer for Obyte, created by Fabien and currently maintained by tarmo888. Here, you can find information about all available assets (search bar included), attestors, oracles (data feeds), Autonomous Agents (Dapps), chatbots, Order Providers (previously witnesses), polls, and a ledger timeline. All this data could help in the creation of smart contracts and conditional payments without coding, from the same Obyte wallet. Likewise, we have a specific page for Obyte Stats, where it’s possible to check data like connected wallets, nodes, richest addresses, order providers, and transaction history. There’s also a specific site for Autonomous Agent Stats, showing Total Value Locked (TVL) in AAs, 24-hour turnover, most active agents, and activity. Outside Obyte, CoinMarketCap (CMC) and CoinGecko have listed the Obyte native coin, GBYTE, and they show stats like historical price and market capitalization, available markets, supply, trading volume, and TVL from internal DeFi platforms. For the latter purpose, Obyte is also present on DeFi Llama, where anyone can consult the specific charts and TVLs of our different DeFi applications. That includes the Counterstake Bridge, the Oswap.io DEX, the prediction market Prophet, our Pythagorean Perpetual Futures, and even the donation platform Kivach. Rewards for LPs Liquidity providers from Oswap.io can check all details about the distribution of rewards on a dedicated website. Every seven days, 100 GBYTEs are distributed among all of them in proportion to their contributed liquidity. They can consult here the involved Autonomous Agent address (and its activity on the Obyte Explorer), eligible pools, TVL, distribution dates, yield percentage, and all LP addresses with their respective rewards. It’s also possible to consult previous distributions, or directly search by address. There’s asimilar site for the Kava Rise Program rewards. In 2023, Obyte registered two of its DeFi apps (Counterstake and LINE Token) to receive rewards from this program, in proportion to their TVL. To earn a part of the total rewards, users must simply hold imported tokens from the Kava network in their Obyte wallets. On this site, users can consult every distribution by date, including wallet addresses, rewards in USD and LINE, and wallet Annual Percentage Yield (APY). Research & Devs For developers and researchers, the main website lists several useful resources, including our whitepaper, blog, and Wiki. There’s also a separate developer website that includes a quick start, tutorials for newcomers, libraries, scripts, and all kinds of tools to build custom apps on the network. Of course, this is paired with our open-source repositories, available on GitHub. AnObyte testnet with its own wallet and explorer is also available to developers and regular users alike to explore and experiment with most of the network features without financial risk. Developers can integrate it into their Dapp creation process, safely test functionalities, and provide feedback for improvements. Users, on the other hand, can use the wallet as a learning tool, simulating real transactions with valueless coins while exploring features like chatbots, merchant demos, and conditional payments. Finally, you can find news, discussions, and guidance on our social media, especially on our Discord server. Here, you can discover channels for general discussions, help for any problems, grants proposals, platform statistics, announcements, and new projects for the entire community, developers, and the Obyte team to discuss their issues and ideas. Ready to try it? Featured Vector Image by rawpixel/Freepik Obyte is a big ecosystem with smart contracts, Autonomous Agents (AAs), attestations, oracles, internal assets, chatbots, and many Decentralized Finance (DeFi) applications. As such, there are a lot of aspects, items, and resources you may want to check, depending on your own activities inside the platform. Except for stats and public transactions of the privacy coin Blackbytes (GBB) and other private tokens, for obvious reasons, the rest of the network is transparent for everyone to consult whatever they need. However, not every resource is directly available on the main website but on complementary sites. From some general data to liquidity providers (LP) reward lists, let’s explore some handy Obyte-related portals. Blackbytes Blackbytes Non-Financial Data & Stats The main website of our network is Obyte.org , but there’s also an Obyte.io page. It’s not phishing or any other trap, but an open-source non-financial data explorer for Obyte, created by Fabien and currently maintained by tarmo888. Here, you can find information about all available assets (search bar included), attestors, oracles (data feeds), Autonomous Agents (Dapps), chatbots, Order Providers (previously witnesses), polls, and a ledger timeline. Obyte.org Obyte.org Obyte.io Obyte.io It’s not phishing or any other trap, but an open-source non-financial data explorer for Obyte, created by Fabien and currently maintained by tarmo888. All this data could help in the creation of smart contracts and conditional payments without coding, from the same Obyte wallet. Likewise, we have a specific page for Obyte Stats , where it’s possible to check data like connected wallets, nodes, richest addresses, order providers, and transaction history. There’s also a specific site for Autonomous Agent Stats , showing Total Value Locked (TVL) in AAs, 24-hour turnover, most active agents, and activity. Obyte Stats Obyte Stats Autonomous Agent Stats Autonomous Agent Stats Outside Obyte, CoinMarketCap (CMC) and CoinGecko have listed the Obyte native coin, GBYTE, and they show stats like historical price and market capitalization, available markets, supply, trading volume, and TVL from internal DeFi platforms. Outside Obyte, CoinMarketCap (CMC) and CoinGecko have listed the Obyte native coin, GBYTE, CoinGecko CoinGecko For the latter purpose, Obyte is also present on DeFi Llama , where anyone can consult the specific charts and TVLs of our different DeFi applications. That includes the Counterstake Bridge , the Oswap.io DEX, the prediction market Prophet , our Pythagorean Perpetual Futures , and even the donation platform Kivach . on DeFi Llama on DeFi Llama Counterstake Bridge Counterstake Bridge Oswap.io Oswap.io Prophet Prophet Pythagorean Perpetual Futures Pythagorean Perpetual Futures Kivach Kivach Rewards for LPs Liquidity providers from Oswap.io can check all details about the distribution of rewards on a dedicated website . Every seven days, 100 GBYTEs are distributed among all of them in proportion to their contributed liquidity. They can consult here the involved Autonomous Agent address (and its activity on the Obyte Explorer ), eligible pools, TVL, distribution dates, yield percentage, and all LP addresses with their respective rewards. It’s also possible to consult previous distributions, or directly search by address. dedicated website dedicated website Every seven days, 100 GBYTEs are distributed among all of them in proportion to their contributed liquidity. Obyte Explorer Obyte Explorer There’s a similar site for the Kava Rise Program rewards. In 2023, Obyte registered two of its DeFi apps (Counterstake and LINE Token ) to receive rewards from this program, in proportion to their TVL. To earn a part of the total rewards, users must simply hold imported tokens from the Kava network in their Obyte wallets. similar site similar site LINE Token LINE Token On this site, users can consult every distribution by date, including wallet addresses, rewards in USD and LINE, and wallet Annual Percentage Yield (APY). Research & Devs For developers and researchers, the main website lists several useful resources , including our whitepaper, blog, and Wiki. There’s also a separate developer website that includes a quick start, tutorials for newcomers, libraries, scripts , and all kinds of tools to build custom apps on the network. Of course, this is paired with our open-source repositories, available on GitHub . useful resources useful resources There’s also a separate developer website that includes a quick start, tutorials for newcomers, libraries, scripts developer website developer website on GitHub on GitHub An Obyte testnet with its own wallet and explorer is also available to developers and regular users alike to explore and experiment with most of the network features without financial risk. Developers can integrate it into their Dapp creation process, safely test functionalities, and provide feedback for improvements. Users, on the other hand, can use the wallet as a learning tool, simulating real transactions with valueless coins while exploring features like chatbots, merchant demos, and conditional payments. Obyte testnet Obyte testnet Finally, you can find news, discussions, and guidance on our social media, especially on our Discord server . Here, you can discover channels for general discussions, help for any problems, grants proposals, platform statistics, announcements, and new projects for the entire community, developers, and the Obyte team to discuss their issues and ideas. Ready to try it? Discord server Discord server Featured Vector Image by rawpixel/Freepik Featured Vector Image by rawpixel/ Freepik Freepik Freepik

Educational Byte: Checking Obyte Stats and Resources

Byte educativo: consulta de estadísticas y recursos de Obyte

Hezkuntza Byte: Obyte Estatistikak eta Baliabideak egiaztatzea

Koulutustavu: Obbyte-tilastojen ja -resurssien tarkistaminen

Oktatási bájt: Obyte-statisztikák és erőforrások ellenőrzése

教育バイト: Obyte の統計とリソースの確認

საგანმანათლებლო ბაიტი: Obyte სტატისტიკისა და რესურსების შემოწმება

Образовательный байт: проверка статистики и ресурсов Obyte

Uburezi Byte: Kugenzura Imibare ya Obyte

Образовни бајт: Провера Обите статистике и ресурса

Elimu Byte: Kuangalia Takwimu na Rasilimali za Obyte

Byte ya Dyondzo: Ku kambela Tistats ta Obyte na Switirhisiwa

Ta'lim bayti: Obyte statistikasi va manbalarini tekshirish

We have zombies from past crypto eras lurking on some exchanges and personal wallets: they’re called ‘deadcoins’. Sometimes, you can't tell a "live" coin from a dead one at first glance. If you hit buy or trade, the rotten thing might stay with you forever. Not a pleasant experience. Deadcoins are cryptocurrencies that have lost all or most of their value, have no active development, or have been abandoned by their creators and community. This can happen for various reasons, like scams, lack of interest, or poor execution of the project. Essentially, they’re digital assets that no longer have a viable future and are considered defunct. But here’s the catch: they may keep existing in some networks, and could still be available for trading on some DEXes. So, they’re like zombies, running around as they were programmed, but with no one to maintain their codes, make new plans, or even use them. They may keep some price and/or a low trade volume, depending on the coin, but it’s just zombie activity. Once in your portfolio, they’ll likely rot in there forever. What kills a coin? According to CoinGecko, over 50% of all cryptocurrencies (at least from the thousands listed in their platform), have died between 2014 and 2024. If you think about it, it was just meant to happen when a lot of people are only copying and pasting the same Bitcoin code with another name. Cryptocurrencies die for several reasons, and one common cause is the lack of interest or demand. Without enough users or investors, the project can’t sustain itself, leaving it with no real value. Another key reason is poor development; if the team behind the coin doesn’t deliver on their promises or the technology isn’t strong, people lose trust and abandon it. However, sometimes they’re created with the specific purpose of being deadcoins soon. In scams and frauds, they’re offered just to take money from investors, amid big and fake promises. Once the scammers are paid, they promptly disappear, leaving the coin worthless. On the other hand, in prediction markets like Prophet on Obyte, two or three tokens are created to represent potential results on a bet. Once the results are delivered, one or two of those tokens will become a deadcoin with zero value —but that’s expected from the beginning. Besides, competition in the crypto world is fierce, and if a coin doesn’t stand out or offer something unique, it can easily get overshadowed by more successful projects. Lastly, regulatory issues can kill a coin, especially if it’s new or has a small community. Governments might crack down on certain projects or declare them illegal, causing their value to plummet. When a coin faces legal trouble, people may be less likely to invest, and it often fades away. Prominent deadcoins You may think that deadcoins exclusively come from those shady Initial Coin Offerings (ICOs) from 2017, scams and frauds, old jokes, or projects that never had enough relevance, right? Well, then you’d be wrong. Some deadcoins and failed projects have been in the top ten by market capitalization and/or have been a total hit for different reasons. There’s no such a thing as “too big to fail” and it would do us good to remember that at all times. Auroracoin (AUR): This coin even had its own blockchain and aimed to be Iceland's national cryptocurrency. It briefly hit the top 10 by market capitalization in early 2014, shortly after its launch. However, the hype was short-lived, and the coin quickly lost value due to regulatory challenges, skepticism, and lack of widespread adoption. Its market cap has decreased by 99% since then, and its team is running another project already.
Bitconnect (BCC): Launched in 2016, Bitconnect offered a lending platform promising high returns through its native token. It reached the top 10 by market cap in 2017. However, it was exposed as a Ponzi scheme in 2018, leading to its collapse and regulatory shutdowns. Bitconnect tokens are no longer actively traded. https://www.youtube.com/watch?v=W6g8ShHEXns&embedable=true Terra (LUNA): Terra, launched in 2019, offered a stablecoin ecosystem with its native token, LUNA, reaching the top 10 by market cap in 2021. Terra's collapse occurred in 2022 when its algorithmic stablecoin, UST, de-pegged from the U.S. dollar, causing LUNA's value to plummet. Terra 2.0 exists as a new project, but the original blockchain was discontinued. The old asset (renamed LUNA Classic - LUNC) is still traded on some exchanges, with no small amount of risk involved. Zombie or not zombie Spotting deadcoins versus live projects, or those simply going through tough market conditions, requires attention to several key factors. A deadcoin often shows little to no development activity. If the team behind the coin has stopped updating its technology, releasing new features, or engaging with its community, that’s a red flag. In contrast, a live project going through a rough patch will usually still have active development and a committed team working to improve the situation, even if the market value has dropped. Another sign of a deadcoin is low or non-existent trading volume. If the coin can barely be traded on any major exchanges or only shows minimal movement, it indicates that there’s no interest or liquidity. On the other hand, coins in a market slump may see reduced trading volume, but they will still be available on multiple platforms, with some level of ongoing buying and selling, showing people haven’t completely lost faith. Community engagement also tells a lot. Deadcoins tend to have stagnant social media, forums, or developer channels, with little interaction or discussion. Live projects, even if struggling, will have active communities discussing solutions and the future. An engaged community often means that the project is still alive, despite setbacks. You can also sum it up with three questions: is the team long inactive on social media and code repositories, especially on X (Twitter), Discord, and GitHub? Is trading the coin nearly impossible? Are the founders in jail or running away from authorities? —yes, that happens. If the answer to those questions is “yes” for most of them, you’re totally seeing a zombie there. Could your coin die soon? Determining if a cryptocurrency is on the verge of dying can be tricky, but there are clear signs to watch for. One major factor is the absence of recent development activity. If a project doesn’t share a clear vision for future updates or improvements, it may indicate uncertainty or stagnation. Additionally, reduced community engagement is a strong indicator. If online forums and social media channels become quiet, it suggests that users are losing interest, which can be detrimental to the coin's overall health. Another concern is negative publicity or ongoing controversies surrounding a coin. Regular scandals, public exploits, or legal troubles can damage a cryptocurrency’s reputation, leading to a loss of trust among investors. Additionally, a lack of partnerships or real-world applications can hinder a project’s growth. Coins that struggle to find use cases or secure collaborations with other projects or networks often find it hard to gain traction and may face challenges in maintaining relevance. In contrast to the above, Obyte, along with its native currency, GBYTE, stands out as a thriving project with a vibrant community and constant updates. Its Directed Acyclic Graph (DAG) structure ensures more decentralized transactions, and the ongoing development by its team reflects a strong commitment to improvement. Obyte’s focus on libertarian ideals has attracted a dedicated user base, while applications and improvements continue to grow, ensuring its place in the market. Overall, Obyte's proactive approach and engaged community signal a promising and decentralized future for all its users. Featured Vector Image by Freepik We have zombies from past crypto eras lurking on some exchanges and personal wallets: they’re called ‘deadcoins’. Sometimes, you can't tell a "live" coin from a dead one at first glance. If you hit buy or trade, the rotten thing might stay with you forever. Not a pleasant experience. Deadcoins are cryptocurrencies that have lost all or most of their value, have no active development, or have been abandoned by their creators and community. This can happen for various reasons, like scams, lack of interest, or poor execution of the project. Essentially, they’re digital assets that no longer have a viable future and are considered defunct. Deadcoins are cryptocurrencies that have lost all or most of their value, have no active development, or have been abandoned by their creators and community. But here’s the catch: they may keep existing in some networks, and could still be available for trading on some DEXes. So, they’re like zombies, running around as they were programmed, but with no one to maintain their codes, make new plans, or even use them. They may keep some price and/or a low trade volume, depending on the coin, but it’s just zombie activity. Once in your portfolio, they’ll likely rot in there forever. What kills a coin? According to CoinGecko , over 50% of all cryptocurrencies (at least from the thousands listed in their platform), have died between 2014 and 2024. If you think about it, it was just meant to happen when a lot of people are only copying and pasting the same Bitcoin code with another name. According to CoinGecko According to CoinGecko over 50% of all cryptocurrencies (at least from the thousands listed in their platform), have died between 2014 and 2024. Cryptocurrencies die for several reasons, and one common cause is the lack of interest or demand. Without enough users or investors, the project can’t sustain itself, leaving it with no real value. Another key reason is poor development; if the team behind the coin doesn’t deliver on their promises or the technology isn’t strong, people lose trust and abandon it. However, sometimes they’re created with the specific purpose of being deadcoins soon. In scams and frauds, they’re offered just to take money from investors, amid big and fake promises . Once the scammers are paid, they promptly disappear, leaving the coin worthless. On the other hand, in prediction markets like Prophet on Obyte, two or three tokens are created to represent potential results on a bet. Once the results are delivered, one or two of those tokens will become a deadcoin with zero value —but that’s expected from the beginning. In scams and frauds , they’re offered just to take money from investors, amid big and fake promises In scams and frauds In scams and frauds Prophet Prophet Besides, competition in the crypto world is fierce, and if a coin doesn’t stand out or offer something unique, it can easily get overshadowed by more successful projects. Lastly, regulatory issues can kill a coin, especially if it’s new or has a small community. Governments might crack down on certain projects or declare them illegal, causing their value to plummet. When a coin faces legal trouble, people may be less likely to invest, and it often fades away. Prominent deadcoins You may think that deadcoins exclusively come from those shady Initial Coin Offerings (ICOs) from 2017, scams and frauds, old jokes, or projects that never had enough relevance, right? Well, then you’d be wrong. Some deadcoins and failed projects have been in the top ten by market capitalization and/or have been a total hit for different reasons. There’s no such a thing as “too big to fail” and it would do us good to remember that at all times. Some deadcoins and failed projects have been in the top ten by market capitalization and/or have been a total hit for different reasons. Some deadcoins and failed projects Some deadcoins and failed projects Auroracoin (AUR): This coin even had its own blockchain and aimed to be Iceland's national cryptocurrency. It briefly hit the top 10 by market capitalization in early 2014, shortly after its launch. However, the hype was short-lived, and the coin quickly lost value due to regulatory challenges, skepticism, and lack of widespread adoption. Its market cap has decreased by 99% since then, and its team is running another project already. Bitconnect (BCC): Launched in 2016, Bitconnect offered a lending platform promising high returns through its native token. It reached the top 10 by market cap in 2017. However, it was exposed as a Ponzi scheme in 2018, leading to its collapse and regulatory shutdowns. Bitconnect tokens are no longer actively traded. Auroracoin (AUR): This coin even had its own blockchain and aimed to be Iceland's national cryptocurrency. It briefly hit the top 10 by market capitalization in early 2014 , shortly after its launch. However, the hype was short-lived, and the coin quickly lost value due to regulatory challenges, skepticism, and lack of widespread adoption. Its market cap has decreased by 99% since then, and its team is running another project already. Auroracoin (AUR): early 2014 early 2014 Bitconnect (BCC): Launched in 2016, Bitconnect offered a lending platform promising high returns through its native token. It reached the top 10 by market cap in 2017. However, it was exposed as a Ponzi scheme in 2018, leading to its collapse and regulatory shutdowns. Bitconnect tokens are no longer actively traded. Bitconnect (BCC): https://www.youtube.com/watch?v=W6g8ShHEXns&embedable=true https://www.youtube.com/watch?v=W6g8ShHEXns&embedable=true Terra (LUNA): Terra, launched in 2019, offered a stablecoin ecosystem with its native token, LUNA, reaching the top 10 by market cap in 2021. Terra's collapse occurred in 2022 when its algorithmic stablecoin, UST, de-pegged from the U.S. dollar, causing LUNA's value to plummet. Terra 2.0 exists as a new project, but the original blockchain was discontinued. The old asset (renamed LUNA Classic - LUNC) is still traded on some exchanges, with no small amount of risk involved. Terra (LUNA): Terra, launched in 2019, offered a stablecoin ecosystem with its native token, LUNA, reaching the top 10 by market cap in 2021. Terra's collapse occurred in 2022 when its algorithmic stablecoin, UST, de-pegged from the U.S. dollar, causing LUNA's value to plummet. Terra 2.0 exists as a new project, but the original blockchain was discontinued . The old asset (renamed LUNA Classic - LUNC) is still traded on some exchanges, with no small amount of risk involved. Terra (LUNA): was discontinued was discontinued Zombie or not zombie Spotting deadcoins versus live projects, or those simply going through tough market conditions, requires attention to several key factors. A deadcoin often shows little to no development activity. If the team behind the coin has stopped updating its technology, releasing new features, or engaging with its community, that’s a red flag. In contrast, a live project going through a rough patch will usually still have active development and a committed team working to improve the situation, even if the market value has dropped. Another sign of a deadcoin is low or non-existent trading volume. If the coin can barely be traded on any major exchanges or only shows minimal movement, it indicates that there’s no interest or liquidity. On the other hand, coins in a market slump may see reduced trading volume, but they will still be available on multiple platforms, with some level of ongoing buying and selling, showing people haven’t completely lost faith. Another sign of a deadcoin is low or non-existent trading volume. Community engagement also tells a lot. Deadcoins tend to have stagnant social media, forums, or developer channels, with little interaction or discussion. Live projects, even if struggling, will have active communities discussing solutions and the future. An engaged community often means that the project is still alive, despite setbacks. You can also sum it up with three questions: is the team long inactive on social media and code repositories, especially on X (Twitter), Discord, and GitHub? Is trading the coin nearly impossible? Are the founders in jail or running away from authorities? —yes, that happens . If the answer to those questions is “yes” for most of them, you’re totally seeing a zombie there. You can also sum it up with three questions: that happens that happens Could your coin die soon? Determining if a cryptocurrency is on the verge of dying can be tricky, but there are clear signs to watch for. One major factor is the absence of recent development activity. If a project doesn’t share a clear vision for future updates or improvements, it may indicate uncertainty or stagnation. Additionally, reduced community engagement is a strong indicator. If online forums and social media channels become quiet, it suggests that users are losing interest, which can be detrimental to the coin's overall health. Another concern is negative publicity or ongoing controversies surrounding a coin. Regular scandals, public exploits, or legal troubles can damage a cryptocurrency’s reputation, leading to a loss of trust among investors. Additionally, a lack of partnerships or real-world applications can hinder a project’s growth. Coins that struggle to find use cases or secure collaborations with other projects or networks often find it hard to gain traction and may face challenges in maintaining relevance. Another concern is negative publicity or ongoing controversies surrounding a coin. In contrast to the above, Obyte , along with its native currency, GBYTE, stands out as a thriving project with a vibrant community and constant updates. Its Directed Acyclic Graph (DAG) structure ensures more decentralized transactions, and the ongoing development by its team reflects a strong commitment to improvement. Obyte’s focus on libertarian ideals has attracted a dedicated user base, while applications and improvements continue to grow, ensuring its place in the market. Overall, Obyte's proactive approach and engaged community signal a promising and decentralized future for all its users. Obyte Obyte applications and improvements applications and improvements Featured Vector Image by Freepik Featured Vector Image by Freepik Freepik Freepik

Zombies Among Us: Deadcoins & How to Spot Them

Zombies entre nosotros: monedas muertas y cómo detectarlas

زامبی ها در میان ما: ددکوین ها و نحوه تشخیص آنها

Zombeja keskuudessamme: Deadcoinit ja kuinka löytää ne

Les zombies sont parmi nous : les Deadcoins et comment les repérer

Zombies Among Us: Deadcoins e como detectalos

हमारे बीच ज़ॉम्बी: डेडकॉइन्स और उन्हें कैसे पहचानें

Զոմբիները մեր մեջ. Deadcoins և ինչպես նկատել դրանք

私たちの中にゾンビがいる: デッドコインとその見分け方

Zombies Among Nos: Deadcoins & Imaynatataq chaykunata riqsina

ዞምቢ ኣብ መንጎና: Deadcoins & ከመይ ጌርና ንርእዮም

Zombies Among Us: Deadcoin'ler ve Bunları Nasıl Tespit Edebilirsiniz

我们身边的僵尸：死亡币及其识别方法

If free money sounds suspicious to you, then you’re doing a good job of taking care of your funds. But fear not, because, in this case, crypto airdrops are a totally legit marketing tool. They’ve been around for years, and they keep coming. Many cryptocurrency projects actually give away a portion of their coins to gain adoption and recognition among users. That’s exactly what an airdrop is, indeed: a method used by cryptocurrency projects to distribute free tokens to a group of users, often as part of a marketing or community-building strategy. It typically works by sending tokens directly to users’ wallets based on certain criteria, such as holding a specific coin or completing tasks like social media engagement. Airdrop’s Purpose & Types Crypto airdrops are used to distribute tokens widely and quickly, helping projects build an initial ownership base. When tokens are owned by many people, the project becomes more stable, as its value isn’t concentrated in the hands of a few. Airdrops also serve as a strong marketing tool, drawing attention to the project as people are often eager to receive free tokens. This excitement helps increase awareness and brings new users into the ecosystem. Airdrops can also be used to reward loyal community members. By offering tokens to existing supporters, development teams foster a sense of appreciation, encouraging these users to stay engaged with the project and reducing the likelihood of them selling off their holdings. This approach helps maintain the token's price and strengthens community loyalty over time. Not all airdrops are the same, though, and their intended effectiveness could vary. There are several types of airdrops, each serving a different purpose. Standard airdrops require users to sign up, offering a straightforward way to receive tokens. Bounty airdrops, on the other hand, require users to perform specific tasks like promoting the project or contributing to its development. Lastly, holder airdrops reward existing supporters who already own a certain cryptocurrency, often without needing them to take any further action. Some Downsides Airdrops can be a great way to boost awareness and attract users to a crypto project, but they come with several challenges --especially for the team behind the projects and its loyal community. One significant downside is the sell pressure they create. Since recipients get tokens for free, many are quick to sell them off rather than hold them for the long term. This sudden increase in sell pressure can drive down the token’s price, hindering the project’s market stability and long-term value. Another issue is the potential for users to exploit the airdrop process. Some participants may create multiple accounts or fake activities to maximize their rewards while contributing little to the project. This not only skews the token distribution but also wastes resources that could have been better spent on genuine supporters. Additionally, airdrop hunters often have no loyalty to the project. Their goal could be only to collect tokens and sell them immediately, rather than becoming active members of the community. This can make it difficult to build a dedicated user base and achieve sustainable growth. As we can see, the effectiveness of airdrops is debatable, as they often attract short-term users. However, they remain a useful complementary tool for generating initial interest and bringing attention to new crypto projects. How to Participate in a Crypto Airdrop To participate in a crypto airdrop, the first step is to meet the eligibility criteria set by the project. These requirements can vary and may include, as we’ve mentioned, simple actions like signing up or more involved tasks such as promoting the project on social media. Regardless of the specific conditions, you’ll always need a crypto wallet compatible with that specific platform to receive the tokens. In most cases, when an airdrop is announced, pay attention to two important dates: the snapshot and the distribution. The snapshot is when the project team records the list of wallets that qualify for the airdrop, so you’ll need to ensure you meet all requirements by that time. The distribution date is when the tokens will be sent to your wallet, marking the completion of the airdrop process. Staying up to date with your favorite networks on social media could help you to discover new airdrops. However, it’s important to always stay cautious. Only follow official instructions (from official accounts) to avoid potential scams, and keep in mind that you may have tax obligations on any tokens you receive. Even if the token’s value drops, taxes may still apply, so it’s wise to plan ahead. Additionally, remember that cryptocurrencies can be volatile, so airdropped tokens may fluctuate in value significantly. Obyte Distribution Over the years, Obyte has had several types of airdrops trying to help with the distribution and adoption of its native currency GBYTE and the private coin Blackbytes (GBB). Instead of an Initial Coin Offering (ICO) or a similar crowd sale, GBYTEs started their journey by being distributed for free to Bitcoin (BTC) holders who chose to participate between 2016 and 2017. Around 645,341 GBYTEs (more than 64% of the total supply) were distributed this way to foster adoption. In the following years, other “bounty airdrop” programs were added to welcome more users, and some of them are still available. Currently, you can earn free GBYTEs in Obyte by verifying your personal information through attestations. This process allows you to confirm details like your real name, email, or GitHub account using chatbots in the Obyte wallet. Depending on the type of attestation you complete, you can earn between $8 and $79 in GBYTEs as a reward. These attestations also provide access to various applications within the Obyte ecosystem. Another way to earn some free GBYTEs is by participating in our Telegram quiz. By answering multiple-choice questions about Obyte correctly, you can earn at least $0.02 in GBYTEs, paid as a textcoin. It’s an easy way to learn about Obyte while gaining small rewards. Now, if you’re interested in doing a bit more work, we also have a Grants Program available for open-source projects that enhance our ecosystem. Everyone is welcome to participate! Featured Vector Image by Freepik If free money sounds suspicious to you, then you’re doing a good job of taking care of your funds. But fear not, because, in this case, crypto airdrops are a totally legit marketing tool. They’ve been around for years, and they keep coming. Many cryptocurrency projects actually give away a portion of their coins to gain adoption and recognition among users. That’s exactly what an airdrop is, indeed: a method used by cryptocurrency projects to distribute free tokens to a group of users, often as part of a marketing or community-building strategy . It typically works by sending tokens directly to users’ wallets based on certain criteria, such as holding a specific coin or completing tasks like social media engagement. That’s exactly what an airdrop is, indeed: a method used by cryptocurrency projects to distribute free tokens to a group of users, often as part of a marketing or community-building strategy Airdrop’s Purpose & Types Crypto airdrops are used to distribute tokens widely and quickly, helping projects build an initial ownership base. When tokens are owned by many people, the project becomes more stable, as its value isn’t concentrated in the hands of a few. Airdrops also serve as a strong marketing tool, drawing attention to the project as people are often eager to receive free tokens. This excitement helps increase awareness and brings new users into the ecosystem. Airdrops can also be used to reward loyal community members. By offering tokens to existing supporters, development teams foster a sense of appreciation, encouraging these users to stay engaged with the project and reducing the likelihood of them selling off their holdings. This approach helps maintain the token's price and strengthens community loyalty over time. Not all airdrops are the same, though, and their intended effectiveness could vary. There are several types of airdrops , each serving a different purpose. Standard airdrops require users to sign up, offering a straightforward way to receive tokens. Bounty airdrops, on the other hand, require users to perform specific tasks like promoting the project or contributing to its development. Lastly, holder airdrops reward existing supporters who already own a certain cryptocurrency, often without needing them to take any further action. Not all airdrops are the same, though, and their intended effectiveness could vary. several types of airdrops several types of airdrops Some Downsides Airdrops can be a great way to boost awareness and attract users to a crypto project, but they come with several challenges --especially for the team behind the projects and its loyal community. One significant downside is the sell pressure they create. Since recipients get tokens for free, many are quick to sell them off rather than hold them for the long term. This sudden increase in sell pressure can drive down the token’s price, hindering the project’s market stability and long-term value. Another issue is the potential for users to exploit the airdrop process. Some participants may create multiple accounts or fake activities to maximize their rewards while contributing little to the project. This not only skews the token distribution but also wastes resources that could have been better spent on genuine supporters. This not only skews the token distribution but also wastes resources that could have been better spent on genuine supporters. Additionally, airdrop hunters often have no loyalty to the project. Their goal could be only to collect tokens and sell them immediately, rather than becoming active members of the community. This can make it difficult to build a dedicated user base and achieve sustainable growth. As we can see, the effectiveness of airdrops is debatable, as they often attract short-term users. However, they remain a useful complementary tool for generating initial interest and bringing attention to new crypto projects. How to Participate in a Crypto Airdrop To participate in a crypto airdrop, the first step is to meet the eligibility criteria set by the project. These requirements can vary and may include, as we’ve mentioned, simple actions like signing up or more involved tasks such as promoting the project on social media. Regardless of the specific conditions, you’ll always need a crypto wallet compatible with that specific platform to receive the tokens. In most cases, when an airdrop is announced, pay attention to two important dates: the snapshot and the distribution . In most cases, when an airdrop is announced, pay attention to two important dates: the snapshot and the distribution The snapshot is when the project team records the list of wallets that qualify for the airdrop, so you’ll need to ensure you meet all requirements by that time. The distribution date is when the tokens will be sent to your wallet, marking the completion of the airdrop process. Staying up to date with your favorite networks on social media could help you to discover new airdrops. However, it’s important to always stay cautious. Only follow official instructions (from official accounts) to avoid potential scams , and keep in mind that you may have tax obligations on any tokens you receive. Even if the token’s value drops, taxes may still apply, so it’s wise to plan ahead. Additionally, remember that cryptocurrencies can be volatile, so airdropped tokens may fluctuate in value significantly. potential scams potential scams Obyte Distribution Over the years, Obyte has had several types of airdrops trying to help with the distribution and adoption of its native currency GBYTE and the private coin Blackbytes (GBB) . Instead of an Initial Coin Offering (ICO) or a similar crowd sale, GBYTEs started their journey by being distributed for free to Bitcoin (BTC) holders who chose to participate between 2016 and 2017. Blackbytes (GBB) Blackbytes (GBB) Around 645,341 GBYTEs (more than 64% of the total supply) were distributed this way to foster adoption. In the following years , other “bounty airdrop” programs were added to welcome more users, and some of them are still available. Currently, you can earn free GBYTEs in Obyte by verifying your personal information through attestations. This process allows you to confirm details like your real name, email, or GitHub account using chatbots in the Obyte wallet. In the following years In the following years Currently, you can earn free GBYTEs in Obyte by verifying your personal information through attestations . through attestations through attestations Depending on the type of attestation you complete, you can earn between $8 and $79 in GBYTEs as a reward. These attestations also provide access to various applications within the Obyte ecosystem. Another way to earn some free GBYTEs is by participating in our Telegram quiz . By answering multiple-choice questions about Obyte correctly, you can earn at least $0.02 in GBYTEs, paid as a textcoin. It’s an easy way to learn about Obyte while gaining small rewards. Now, if you’re interested in doing a bit more work, we also have a Grants Program available for open-source projects that enhance our ecosystem. Everyone is welcome to participate! Telegram quiz Telegram quiz Grants Program Grants Program Featured Vector Image by Freepik Featured Vector Image by Freepik Freepik Freepik

Educational Byte: What Is a Crypto Airdrop or How to Earn Free Money

بايت تعليمي: ما هو Airdrop للعملات المشفرة أو كيفية كسب أموال مجانية

Навучальны байт: Што такое Crypto Airdrop або Як зарабіць бясплатныя грошы

শিক্ষাগত বাইট: একটি ক্রিপ্টো এয়ারড্রপ কী বা কীভাবে বিনামূল্যে অর্থ উপার্জন করা যায়

Εκπαιδευτικό Byte: Τι είναι το Crypto Airdrop ή πώς να κερδίσετε δωρεάν χρήματα

Byte educativo: ¿Qué es un airdrop de criptomonedas o cómo ganar dinero gratis?

教育バイト: 暗号通貨エアドロップとは何か、または無料でお金を稼ぐ方法

Билим берүү байт: Crypto Airdrop деген эмне же кантип бекер акча табуу керек

Educational Byte: Inona ny Crypto Airdrop na ny fomba hahazoana vola maimaim-poana

Боловсролын байт: Crypto Airdrop гэж юу вэ эсвэл яаж үнэгүй мөнгө олох вэ

تعلیمي بایټ: کریپټو ایرډراپ څه شی دی یا څنګه وړیا پیسې وګټئ

Byte Educativo: Imataq Crypto Airdrop utaq Imaynatataq Gratis Qullqita Ganana

I-Byte yeMfundo: Yintoni i-Crypto Airdrop okanye Uyifumana njani imali yasimahla

Institutional Investment: Why Do Companies Invest Millions in Crypto?

İnstitusional İnvestisiya: Şirkətlər niyə kriptovalyutaya milyonlarla investisiya qoyurlar?

Inversión institucional: ¿Por qué las empresas invierten millones en criptomonedas?

Investimento institucional: por que as empresas invisten millóns en cripto?

השקעות מוסדיות: מדוע חברות משקיעות מיליונים בקריפטו?

Envestisman enstitisyonèl: Poukisa konpayi yo envesti dè milyon nan Crypto?

Investimenti istituzionali: perché le aziende investono milioni in criptovalute?

機関投資：なぜ企業は暗号通貨に数百万ドルを投資するのか？

Institutionele beleggingen: waarom investeren bedrijven miljoenen in crypto?

Uwekezaji wa Kitaasisi: Kwa nini Makampuni Huwekeza Mamilioni katika Crypto?

Institusional maýa goýumlary: Näme üçin kompaniýalar kripto üçin millionlarça maýa goýýarlar?

Kurumsal Yatırım: Şirketler Neden Kriptoya Milyonlarca Dolar Yatırım Yapıyor?

Đầu tư của tổ chức: Tại sao các công ty đầu tư hàng triệu đô la vào tiền điện tử?

Even if they weren’t designed to offer profits, cryptocurrencies could be a great tool just for that. Not only are there professional traders around, but also entire platforms and methods that indeed have been built for it or that have been imported from traditional finances to apply here as well. Arbitrage is one of those methods. In traditional investments, this is the practice of taking advantage of price differences for the same asset in different markets. For example, if a company stock is cheaper on one exchange and more expensive on another, an arbitrage trader would buy the stock at the lower price and immediately sell it at the higher price to make a profit. This process helps keep prices consistent across markets and is considered a low-risk trading strategy because it involves buying and selling almost simultaneously. We can sum up this concept into a tidbit: buy low, sell high —as quickly as you can. Of course, it also applies to cryptocurrencies. Traders (or anyone, really) buy a certain cryptocurrency or token at a lower price on one exchange (centralized or decentralized) and then sell it at a higher price on another, profiting from the price discrepancy. How does arbitrage work in crypto? Cryptocurrency prices can vary between exchanges due to factors like differences in liquidity, trading volume, and regional demand. For example, if one exchange has fewer buyers or sellers for a particular coin, the price might be slightly lower or higher than on another exchange with more active trading. Additionally, market inefficiencies and delays in price updates can also lead to temporary price differences. To take advantage of these price differences, a trader can monitor multiple exchanges using tools or platforms that aggregate real-time prices. These tools, namely crypto price aggregators, trading bots, and arbitrage-specific platforms, allow the trader to quickly spot where a cryptocurrency is selling for less on one exchange and more on another. By acting fast, the trader can buy the coin at a lower price and sell it at a higher price, profiting from the difference. However, it’s worth mentioning that manual arbitrage is rare: traders usually use bots (faster than humans) to trade on their behalf. Arbitrage opportunities, especially on active markets, close very fast, often within milliseconds, and humans are unable to catch them. To make a quick scenario around it, let’s say the native coin of the Obyte platform, GBYTE is trading at $6 on Exchange A and $8 on Exchange B. An arbitrage trader would buy GBYTE on Exchange A for $6 and then sell it on Exchange B for $8. In this scenario, if the trader bought 10 GBYTE, they’d spend $60 and sell them for $80, making a $20 profit before considering any transaction fees. Rinse, repeat, and add more investment, and profits will likely be greater. Challenges and risks Of course, there’s no such thing as a free lunch. While arbitrage in crypto can be profitable, it comes with some not-so-smooth things to consider. One of the main challenges is transaction fees. When moving coins between exchanges, traders often have to pay fees for both the transaction and the trade itself. If these fees are high, they can eat into or even eliminate the profit from the price difference. Besides, network congestion can lead to delays in transferring funds, and by the time the cryptocurrency reaches the other exchange, the price difference may have already closed, leaving little to no profit. That’s another risk, indeed: price volatility. Cryptocurrency prices can change rapidly, sometimes within seconds. If the market shifts suddenly while a trader is in the process of transferring or trading their coins, they could end up selling at a lower price than expected, potentially resulting in a loss. Additionally, there’s the risk of exchange-related issues, such as withdrawal limits, technical problems, or even the possibility of the exchange freezing funds (if it’s centralized), all of which can complicate the arbitrage process. To reduce this risk on active markets, arbitrageurs (or rather their bots) do both trades first, then transfer the funds between exchanges. Therefore, they don’t need to transfer after each trade, and they can transfer the amount aggregated from several trades at once. Arbitrage on DEXes In decentralized exchanges (DEXes), arbitrage can have positive effects on the market by contributing to its efficiency. When traders engage in arbitrage, they help close the price gaps between DEXes, effectively making the prices of cryptocurrencies more uniform across exchanges. This process benefits the market by keeping prices fairer for all participants. Besides, arbitrage on decentralized exchanges (DEXes) offers key advantages over centralized exchanges (CEXes), particularly in terms of transparency and user control. On a DEX, traders retain custody of their assets, eliminating the need to trust a centralized entity, which can be a risk in CEXes. DEXes also operate on open networks, ensuring that all trades and prices are publicly visible, allowing for greater transparency and reduced chances of market manipulation by the platform. There’s no central authority on DEXes that can halt withdrawals or restrict access, offering more freedom and security for arbitrageurs. The more decentralized they are, the more autonomy their users can get. For instance, Obyte, where there are no middlemen between transaction sending and approval, offers truly decentralized platforms. Our main DEX, Oswap.io, provides access to 32 pools (fund reserves), where users can serve as liquidity providers and earn rewards or simply exchange between different coins. Arbitrage traders can use it too, taking into account a 90% arbitrageur tax on the profits, designed to earn more money for liquidity providers (LPs) without killing the arbitrage incentive. Considering all the above, while arbitrage can be a low-risk strategy in theory, these factors make it important for traders to act quickly and carefully calculate potential profits after accounting for all costs, exchange terms, and risks. It’s important to do your own research, as always in crypto! Featured Vector Image by vectorjuice / Freepik Even if they weren’t designed to offer profits, cryptocurrencies could be a great tool just for that. Not only are there professional traders around, but also entire platforms and methods that indeed have been built for it or that have been imported from traditional finances to apply here as well. Arbitrage is one of those methods. In traditional investments, this is the practice of taking advantage of price differences for the same asset in different markets. For example, if a company stock is cheaper on one exchange and more expensive on another, an arbitrage trader would buy the stock at the lower price and immediately sell it at the higher price to make a profit. This process helps keep prices consistent across markets and is considered a low-risk trading strategy because it involves buying and selling almost simultaneously. In traditional investments, this is the practice of taking advantage of price differences for the same asset in different markets. We can sum up this concept into a tidbit: buy low, sell high —as quickly as you can. Of course, it also applies to cryptocurrencies. Traders (or anyone, really) buy a certain cryptocurrency or token at a lower price on one exchange (centralized or decentralized) and then sell it at a higher price on another, profiting from the price discrepancy. How does arbitrage work in crypto? Cryptocurrency prices can vary between exchanges due to factors like differences in liquidity, trading volume, and regional demand. For example, if one exchange has fewer buyers or sellers for a particular coin, the price might be slightly lower or higher than on another exchange with more active trading. Additionally, market inefficiencies and delays in price updates can also lead to temporary price differences. To take advantage of these price differences, a trader can monitor multiple exchanges using tools or platforms that aggregate real-time prices. These tools, namely crypto price aggregators, trading bots, and arbitrage-specific platforms, allow the trader to quickly spot where a cryptocurrency is selling for less on one exchange and more on another. By acting fast, the trader can buy the coin at a lower price and sell it at a higher price, profiting from the difference. To take advantage of these price differences, a trader can monitor multiple exchanges using tools or platforms that aggregate real-time prices. However, it’s worth mentioning that manual arbitrage is rare: traders usually use bots (faster than humans) to trade on their behalf. Arbitrage opportunities, especially on active markets, close very fast, often within milliseconds, and humans are unable to catch them. To make a quick scenario around it, let’s say the native coin of the Obyte platform , GBYTE is trading at $6 on Exchange A and $8 on Exchange B. An arbitrage trader would buy GBYTE on Exchange A for $6 and then sell it on Exchange B for $8. In this scenario, if the trader bought 10 GBYTE, they’d spend $60 and sell them for $80, making a $20 profit before considering any transaction fees. Rinse, repeat, and add more investment, and profits will likely be greater. Obyte platform Obyte platform Challenges and risks Of course, there’s no such thing as a free lunch. While arbitrage in crypto can be profitable, it comes with some not-so-smooth things to consider. One of the main challenges is transaction fees. When moving coins between exchanges, traders often have to pay fees for both the transaction and the trade itself. If these fees are high, they can eat into or even eliminate the profit from the price difference. Besides, network congestion can lead to delays in transferring funds, and by the time the cryptocurrency reaches the other exchange, the price difference may have already closed, leaving little to no profit. That’s another risk, indeed: price volatility. Cryptocurrency prices can change rapidly, sometimes within seconds. If the market shifts suddenly while a trader is in the process of transferring or trading their coins, they could end up selling at a lower price than expected, potentially resulting in a loss. Additionally, there’s the risk of exchange-related issues, such as withdrawal limits, technical problems, or even the possibility of the exchange freezing funds (if it’s centralized), all of which can complicate the arbitrage process. That’s another risk, indeed: price volatility. Cryptocurrency prices can change rapidly, sometimes within seconds. To reduce this risk on active markets, arbitrageurs (or rather their bots) do both trades first, then transfer the funds between exchanges. Therefore, they don’t need to transfer after each trade, and they can transfer the amount aggregated from several trades at once. Arbitrage on DEXes In decentralized exchanges (DEXes), arbitrage can have positive effects on the market by contributing to its efficiency. When traders engage in arbitrage, they help close the price gaps between DEXes, effectively making the prices of cryptocurrencies more uniform across exchanges. This process benefits the market by keeping prices fairer for all participants. Besides, arbitrage on decentralized exchanges (DEXes) offers key advantages over centralized exchanges (CEXes), particularly in terms of transparency and user control. On a DEX, traders retain custody of their assets, eliminating the need to trust a centralized entity, which can be a risk in CEXes. DEXes also operate on open networks, ensuring that all trades and prices are publicly visible, allowing for greater transparency and reduced chances of market manipulation by the platform. On a DEX, traders retain custody of their assets, eliminating the need to trust a centralized entity, which can be a risk in CEXes. There’s no central authority on DEXes that can halt withdrawals or restrict access, offering more freedom and security for arbitrageurs. The more decentralized they are, the more autonomy their users can get. For instance, Obyte , where there are no middlemen between transaction sending and approval, offers truly decentralized platforms. Obyte Obyte Our main DEX, Oswap.io, provides access to 32 pools (fund reserves), where users can serve as liquidity providers and earn rewards or simply exchange between different coins. Arbitrage traders can use it too, taking into account a 90% arbitrageur tax on the profits, designed to earn more money for liquidity providers (LPs) without killing the arbitrage incentive. Our main DEX, Oswap.io , provides access to 32 pools (fund reserves), where users can serve as liquidity providers and earn rewards Oswap.io Oswap.io Considering all the above, while arbitrage can be a low-risk strategy in theory, these factors make it important for traders to act quickly and carefully calculate potential profits after accounting for all costs, exchange terms, and risks. It’s important to do your own research, as always in crypto! Featured Vector Image by vectorjuice / Freepik Featured Vector Image by vectorjuice / Freepik Freepik Freepik

Educational Byte: What is Arbitrage and How is it Done in Crypto?

Byte Educativo: ¿Kunas Arbitraje ukat Kunjamas Cipto markanx lurasi?

Byte educatiu: què és l'arbitratge i com es fa a Cypto?

Lehrreiches Byte: Was ist Arbitrage und wie wird sie bei Kryptowährungen durchgeführt?

Byte Educativo: ¿Qué es el Arbitraje y Cómo se Realiza en Crypto?

Hezkuntza Byte: zer da arbitrajea eta nola egiten da Cypto-n?

Oktatási bájt: Mi az az arbitrázs, és hogyan történik a Cypto nyelven?

教育バイト: アービトラージとは何か、そして暗号通貨ではどのように行われるのか?

Билим берүү байт: Арбитраж деген эмне жана ал Cypto тилинде кантип жасалат?

Bajt edukacyjny: Czym jest arbitraż i jak jest realizowany w Cypto?

Dzidzo Byte: Chii chinonzi Arbitrage uye Inoitwa Sei muCypto?

I-Byte yeMfundo: Yintoni iArbitrage kwaye Yenziwa njani eCypto?

教育字节：什么是套利以及如何在加密货币中进行套利？

Cypherpunks Write Code: Peter Todd, Bitcoin Core, and Satoshi

সাইফারপাঙ্কস কোড লিখুন: পিটার টড, বিটকয়েন কোর এবং সাতোশি

Los ciberpunks escriben código: Peter Todd, Bitcoin Core y Satoshi

Cypherpunks Write Code: Peter Todd, Bitcoin Core ja Satoshi

サイファーパンクがコードを書く: ピーター・トッド、ビットコイン・コア、サトシ

„Cypherpunks“ rašymo kodas: Peteris Toddas, „Bitcoin Core“ ir „Satoshi“.

Cypherpunks Write Code: Pīters Tods, Bitcoin Core un Satoshi

Kod Tulis Cypherpunks: Peter Todd, Bitcoin Core dan Satoshi

Cypherpunks Ngwala Khoutu: Peter Todd, Bitcoin Core, le Satoshi

Cypherpunks Piszą Kod: Peter Todd, Bitcoin Core i Satoshi

Cypherpunks د لیکلو کوډ: پیټر ټډ، بټکوین کور، او ساتوشي

Cypherpunks skriver kod: Peter Todd, Bitcoin Core och Satoshi

Cypherpunks Рамзро менависанд: Питер Тодд, Bitcoin Core ва Сатоши

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