Byteball is a new technology about how digital data is stored.. Its similar in sense but very different in functionality when compared to blockchain..

One thing you know is that blocks on a blockchain are stored linearly and linked to its previous block. But Byteball stores and links data with multiple of them. This allows byteball to have multiple functionalaty such as

-You can use it to store and transfer multiple types of currency or commodities.
-You can use it to send payments or receive them anonymously.

• You can similarly send private anonymous messgaes.
  -They are distributing its supply for almost free.
  -You can bind conditions with payments and payments will be affirmative if only met the given criteria. Its like your own personal escrow.
  -You can use it as your own P2P transaction medium and send smart contracts.