RE: Byteball.js: The JavaScript library for Byteball is out!

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Byteball.js: The JavaScript library for Byteball is out!

in utopian-io •  6 years ago 

Hmm this makes me wonder what's the benefit of developing on byteball? What kind of project on steem can we link to byteball?

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With the extensive APIs for Steem, I'd be amazed if someone didn't create an oracle to pick up stuff on Steem to resolve conditions on smart contracts. It would allow two Steem users to make a bet how many votes a given post would get in 30 minutes. After 30 minutes, the oracle posts the data from the API to the Byteball DAG, thereby allowing the conditions of the smart contract to determine which of the two parties can withdraw the funds that both users deposited on it for the bet.

Stuff like that :)

A STEEMbet bot is quite a thought! Vote A or B, in time we'll see! Your wheels are always turning. Fantastic ideas. Love it!

There can be a lot of use case for Steem app using Byteball. The first thing that come in my mind is ICO. Byteball make it easy to create your asset and run an ICO similar than ERC20 token for Ethereum it could be used for app willing to launch a SMT see more detail here: https://bitcointalk.org/index.php?topic=4934262.0 . You can also leverage Byteball protocol for manage attestations or create smart contracts.