Released on December 25, 2016, Obyte is a distributed ledger based on the direct acyclic graph (DAG). The team says that due to the absence of blocks and miners, access to the Obyte ledger is decentralized, without intermediaries, free (as in free), fair and open. Obyte claims to be the first DAG-based cryptocurrency platform to support dApps. Due to the absence of miners and blocks, the team says that there is no risk of front-end manipulation and other miners, and that dApps are safer and easier to develop than blockchain-based dApps. DApps are developed in Oscript, a new language that avoids many insecure programming schemes common in previous dApp platforms. The team believes that Obyte is particularly suitable for DeFi applications; some are already available on the platform, such as Bonded Stablecoins (https://ostable.org), while others are under development. Other features include sovereign identities, untraceable private currencies, sending cryptocurrencies via email using textcoin, and extremely small fingerprint libraries suitable for small IoT devices.