Byteball is an alternative legal system based on smart contracts.
When a contract is created on Byteball, it just works exactly as agreed upon. Trust in the counterparty and reliance on the slow and expensive conventional legal system are not required any more as the contracts are enforced by the immutable rules of the decentralized platform.
The platform was launched in December 2016 and reached market cap over $100m despite being distributed for free.
Unlike other crypto platforms, Byteball is based on directed acyclic graph (DAG) rather than blockchain, which means that access to the network is not controlled by miners and there are no protocol-level scalability limits.
Almost all our work is open source https://github.com/byteball and most applications are developed as chatbots tightly integrated with the wallet.