Obyte

“Escrow” has been a security measure in traditional finances for a while, long before the appearance of cryptocurrencies and decentralized systems. The point was opposite to decentralization, indeed: escrow implies middlemen. A trusted third party, often a company, mediates between two strangers and keeps the funds involved in their trade safe until it’s complete. That same third party could solve disputes about the trade if they arise. On the other hand, a decentralized escrow involves

In November 2024, Obyte went through a major network update to include several new interesting features, bringing improvements to decentralization, governance, and security. This update enhances spam protection, refines transaction fees, and introduces a more distributed way for the community to select Order Providers (OPs) directly with their GBYTE balance. By giving users more control over the network, Obyte ensures a transparent and decentralized system without central influence. Additionally, the update strengthens the platform’s infrastructure,