i had a question regarding the decentralised nature of byteball. It seems that the smart contracts are just bots using some special features making them very centralised. Any comments or feedback would be great.
What do you mean? Smart contracts can be used by anyone. You probably mean the oracles? Like the time oracle, which is a node that posts timestamps. Its true there is only one at the moment. But anyone could create one and utilize it. Or even a bunch of them and creat a smart contract which uses 5 oracles as a source.
I am yet to find the protocols for a smart contract / smart contract code, is there a documentation explaining how to code a smart contract on byteball?
The white paper
https://byteball.org/Byteball.pdf, section 21.
This particular bot doesn't use smart contracts. There is another one
https://github.com/byteball/conditional-token-sale that sells tokens based on smart contracts, but for ICOs, they are not really required. There is no problem that a smart contract would solve when you still have to trust the team that they will build what they promise to build.