In November 2024, Obyte underwent a significant network update aimed at improving decentralization, governance, and security. This update strengthens spam protection, streamlines transaction fees, and introduces a community-based methodology for choosing Order Providers (OPs) via users' GBYTE balances. Key features include the new temporary data option, allowing short-term data storage for lower fees, particularly beneficial for sidechains. Additionally, the wallet has been updated to support these new functionalities, enhancing overall platform efficiency and user engagement with a focus on decentralized decision-making.
In November 2024, Obyte enhanced its network through an update that improved decentralization, governance, and security, empowering users with greater control over the system.
The introduction of temporary data allows for short-term data storage on the DAG for enhanced efficiency in sidechain applications, significantly reducing costs and storage requirements.
With the latest update, Obyte users can now send temporary data and vote on new system variables, further promoting a transparent and decentralized governance.
This upgrade strengthens the platform's infrastructure and refines transaction fees, making it a more user-friendly and efficient network for various applications.
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