Launched on 17 Nov 2017 and registered in Malaysia, GoByte (GBX) is a cryptocurrency based on Dash that aims to enable vendors to provide monetary services. The idea behind the GoByte Network is to leverage encryption software to allow people to make financial transfers between computers. Its first platform, GoByte Pay, is an online payment service that allows individuals and businesses to transfer funds electronically.
GoByte features masternodes and enables near-instant, secure, and anonymous transactions. Transactions on the network (dubbed InstantSend technology) take an average of 3 seconds to complete. The anonymous transactions (dubbed PrivateSend technology) mixes funds through the masternode network to obscure their origin.