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Artbyte (ABY)
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Primary Markets (2 Active) - Total Market Volume: ~$0
Liquidity Pools (0 Active) - Total Pool Liquidity: ~$0
About
Artbyte (ABY) was introduced in 2014 as a truly innovative decentralized peer-to-peer network, based on Bitcoin and designed to combine transaction speed, ease-of-use, and a noble mission of helping artists and content creators in general. The initial Artbyte slogan was, “A person to person digital currency. With Artbytes, art lovers can now support their favorite artists directly.” It is our goal to stay true to this mission. The original “Legacy Artbyte” blockchain was a pure Proof-of-Work cryptocurrency based on Scrypt mining and featured ultra-fast block times combined with large per-block rewards, resulting in significant inefficiencies and rapid devaluation of the UTXOs (e.g., unspent transaction outputs, or “coins”). The project was abandoned after the 2018 “crypto winter” with a small group of enthusiasts and hobbyists maintaining it. After in-depth community consultation, in early 2022, our development team embarked on a long-awaited transformation of Artbyte, with successful transition to a Scrypt-based, hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) code that addresses many of the inefficiencies of the original chain.
Reserves Verification (Beta - we are still building automated signatures)
