Launched on December 25, 2016, Obyte is a distributed ledger based on directed acyclic graph (DAG). It is a post-blockchain technology that achieves true decentralization by eliminating big power centers and middlemen, like miners. The absence of blocks and miners allows for decentralized, disintermediated, free, equal, and open access to the Obyte ledger. Obyte claims to be the first DAG-based cryptocurrency platform that supports dApps. Without the presence of miners and blocks, dApps developed on Obyte are considered safer and easier to create compared to blockchain-based dApps. Development of dApps on Obyte utilizes Oscript, a new language that avoids common unsafe programming patterns found in earlier dApp platforms. Obyte is also connected with other popular networks, such as Ethereum, through Counterstake, a decentralized cross-chain bridge developed by the Obyte team in 2021. The team believes that Obyte is particularly well-suited for DeFi apps. Notable DeFi apps exclusive to Obyte include bonded stablecoins, Oswap DEX, OSWAP Token, Kivach cascading donations, and Prophet prediction markets. Other features of Obyte include self-sovereign identity, private untraceable currencies, sending crypto to email using textcoins, and extremely small-footprint libraries suitable for small IoT devices.