Obyte

Halal Rating :
Comfortable
Last Price $9.52 Last updated:
Rank 1173
1D Change 0.50 %
Market Cap $8.19m
Circulating supply 859,982
Maximum supply 1,000,000

Crypto Overview

Categories
  • DAG
  • Platform
  • IoT

Launched on Dec 25, 2016, Obyte is a distributed ledger based on directed acyclic graph (DAG). Thanks to absence of blocks and miners, access to Obyte ledger is decentralized, disintermediated, free (as in freedom), equal, and open. Obyte is the first DAG based cryptocurrency platform to support dApps. Due to absence of miners and blocks, there is no risk of front-running and other miner manipulation, and dApps are safer and easier to develop than blockchain based dApps. DApps are developed in Oscript - a new language that avoids many unsafe programming patterns common in earlier dApp platforms. Thanks to its safety, Obyte is especially well suited for DeFi apps, some are already available on the platform, such as Discount Stablecoins (https://ostable.org), some are being developed. Other features include: self-sovereign identity, private untraceable currencies, sending crypto to email using textcoins, and extremely small-footprint libraries suitable for small IoT devices.

Crypto Impact

To assign a comfort level investing in Obyte from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Obyte.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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Justification for our Halal Rating