GoByte - January

A short summary of how GoByte evolved during the month. Keep reading to find out more.

GoByte WEB3 Multicurrency Wallet

The GoByte project development team is excited to announce that we will soon be launching a multicurrency wallet. Now we can provide a handy storage for multiple cryptocurrencies, directly into your browser! This though is part of a longer term plan to create a true platform for users and merchants and we have a number of exciting new features coming in Phase 2 for this platform including the GoByte Pay capabilities and features, buy crypto capabilities, crypto payment gateways, Masternode tools, 3rd party plugins, and much much more. 

Best part? We will be eliminating complex wallet addresses and making it as simple as email to send or receive funds. No more copying and pasting and checking long numbers or remembering blockchain addresses. Simply register with your email and send cryptocurrencies to your friend's registered emails and they will get them.

Much more is coming for our platform and this is just phase 1 of a plan to dramatically change what GoByte offers to the market and what it does for all of crypto.

First month of the year held some important events for the GoByte project.

With the return of Antonio to the team, to the listing on SistemKoin exchange, the improvement can be seen clearly. The addition of 9 more Telegram channels with different languages, the preparing for the HackerOne bug hunter program and the listing on the biggest Turkish exchange made January a strong foundation on which to build the rest of the year 2019.

Hacker One

HackerOne is a vulnerability coordination and bug bounty platform that connects businesses with cybersecurity researchers.
As we plan to move forward the adoption of GoByte Pay, our platform's and application's security standard must be tested and if needed improved to avoid eventual vulnerabilities.
 

Sistemkoin

Sistemkoin is a Turkish cryptocurrency exchange.
Turkey has a surprisingly large number of cryptocurrency exchanges. 
As many other Turkish cryptocurrency exchanges, Sistemkoin is open also to foreign investors.
With an average of more than $60,000,000 daily trading volume, Sistemkoin is considered a great addition to the project's growth.

Telegram for everyone

As the Gobyte project grows, so does our community.
Therefore, the next logical step was to offer a place for everyone to feel comfortable accordint to the languages they spoke.
According to the dart provided by our website analytics, the following Telegram channels have been created: GoByteRU, GoByteRO, GoByteES, GoByteDE, GoByteKR, GoByteCN, GoByteZA, GoByteTR and GoByteMY.

Former Member Returns

Antonio Moratti, former marketing executive of the GoByte project has returned and wants to boost GoByte through the charts.
Asked why he decided to return, Antonio said:
" Life without the emotions that the crypto space offered I felt empty. You go through excitement, 
happiness, disappointment, sadness and angriness with every minute that passes. Is what I need right now, and the project needs me. "

The new GoByte 0.13 Core

Our development team recently introduced several network upgrades to Testnet which, after sufficient testing, we plan to introduce to Mainnet in Release 0.13.0. This release focuses on improving consensus methods on the network. It includes:

01

InstantSend

Automatic InstantSend, which will improve the speed of most transactions at no additional cost.
02

Masternodes

A deterministic masternode list to provide a single source of truth for clients validating transactions.
03

Transactions

Special transactions to accommodate non-financial transactions on the blockchain.
04

Keys

A third masternode key to enable delegation of masternode voting.

InstantSend


With Release 0.13.0, the system will automatically attempt to lock any transaction with 4 or fewer inputs — which are referred to as “simple” transactions — and remove the additional fee for InstantSend, so only the standard transaction fee applies.
The majority of GoByte's transactions are about to get even faster, at no additional cost.
 

Deterministic Masternode List

The deterministic masternode list is derived from information found on the blockchain itself, providing a single source of truth for all clients wanting to verify transactions.
This includes SPV wallets, which historically have relied on trusted SPV servers to relay transactions..

 Owner, Operator and Voting

The current system allows masternode owners to delegate the 2nd key to a third party, but then the owner must either give up the ability to vote, or maintain frequent contact with the third party to discuss votes.
With the 0.13.0 release, we will break the 2nd masternode key into two, so masternode owners can have the flexibility to either retain or delegate voting as they wish.

Special Transactions


Traditional transactions only have inputs and outputs, which makes them useful for financial transactions — but not for transactions that carry additional data.
There are workarounds, but they require developers to manipulate the current system in inconsistent ways to enable non-financial transactions. 
Special transactions provide new structures to enable non-financial transactions on the blockchain, thus laying the groundwork for many future uses of the Dash payment system.

GoByte Pay

What is next for adoption?

Our GoByte Pay® lead developer Akif Rabbani is working to bring a new spark of innovations to the platform. Part of these new features will be multicurrency support, franchise/brand creation and shops as well as adding employees to them.
Multisignature wallets that requirie more than one key to authorize a GoByte transaction. It's main purpose is to divide up responsibility for possession of GBX coins.