”We are creating a world that all may enter without privilege or prejudice accorded by race, economic power, military force, or station of birth.
We are creating a world where anyone, anywhere may express his or her beliefs, no matter how singular, without fear of being coerced into silence or conformity.“
Obyte is a DAG based cryptocurrency network. DAG stands for Directed Acyclic Graph — it’s a technology that makes Obyte fully decentralized, free of domination, free of censorship, and accessible to all.
It's not a blockchain. Blockchains were a big step to decentralization. However, they fall short of full decentralization as their block producers are still big power centers. A small number of them control most block production and can collude to (or be coerced to) censor certain transactions. Obyte makes another leap forward by getting rid of those big power centers and middlemen.
”Whenever something is wrong, something is too big“
“Cypherpunks write code.”
We design systems that minimize concentration / domination / centralization of power and advance the autonomy of the individual. We created Obyte to fulfill this vision. We chose DAG for Obyte because users add their transactions to the DAG directly, without any middlemen such as block producers in blockchains. We started in 2016 and decentralized the network even further since then.
“Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions.”
The Obyte team has built a number of truly unique, first-of-a-kind apps and features, mostly in the DeFi space. You can learn more about them on this website and in our blog.