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.