Blockless design is simpler because there are no blocks, there are only transactions.Users just add their transactions to the end of the DAG themselves, they don't have to wait when miners create a new block and there is no guesswork whether miners will include your transaction in the block.
Byteball data is stored and ordered using directed acyclic graph (DAG) rather than blockchain.
This allows all users to secure each other's data by referencing earlier data units created by other users, and also removes scalability limits common for blockchains, such as blocksize issue.
Every transfer of such asset is to be cosigned by the issuer, and if there is anything that contradicts the regulations, the issuer won't cosign.
For security, you can require that your funds be spendable only when several signatures are provided, e.g. For shared control of funds, signatures from different people may be required.
The bot will help you link your Bitcoin and Byteball addresses by making a micropayment or signing a message.