Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
seven.71
on 07/03/2017, 16:04:05 UTC
When I understand correctly, then conditional payments are like smart contracts, right? It is just another name for it isn't it?

Conditional payments is an application based on smart contracts.
I want to ask
How can I get if my bitcoin balance existing in the wallet for 1btc
how to calculate the distribution amount byteball do we get?

The distribution rules:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

so do we have to do anything to get the 0.1 per 1 byte on Byteball addresses or do all byteball addresses get credited automatically?

all byteball addresses will be get credited automatically.

linking is only necessary to get blackbytes.

Only to the extent that ?
we just connect wallet byteball  with our bitcoin wallet