Obyte Price Up 1.9% Over Last Week (GBYTE)

Obyte (GBYTE) traded up 2.3% against the U.S. dollar during the 1-day period ending at 22:00 PM Eastern on May 22nd. Obyte has a market capitalization of $11.04 million and approximately $14,889.00 worth of Obyte was traded on exchanges in the last 24 hours. One Obyte coin can now be purchased for about $13.65 or 0.00045275 BTC on major cryptocurrency exchanges. In the last week, Obyte has traded up 1.9% against the U.S. dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

  • IOTA (MIOTA) traded up 2.7% against the dollar and now trades at $0.34 or 0.00001136 BTC.
  • Poseidon Network (QQQ) traded 140.4% higher against the dollar and now trades at $0.0062 or 0.00000020 BTC.
  • VITE (VITE) traded up 1.4% against the dollar and now trades at $0.0242 or 0.00000080 BTC.
  • IoT Chain (ITC) traded 5.6% higher against the dollar and now trades at $0.0102 or 0.00000034 BTC.
  • HYCON (HYC) traded down 0.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • TrustNote (TTT) traded flat against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Obyte Coin Profile

Obyte is a coin. It launched on December 25th, 2016. Obyte’s total supply is 1,000,000 coins and its circulating supply is 808,692 coins. The Reddit community for Obyte is /r/byteball and the currency’s Github account can be viewed here. Obyte’s official website is obyte.org. The official message board for Obyte is medium.com/byteball. Obyte’s official Twitter account is @ObyteOrg and its Facebook page is accessible here.

According to CryptoCompare, “Byteball is a decentralized database with it's own native cryptocurrency, Bytes, that unlike most does not require PoW or PoS mining and does not have a blockchain nor blocks. Instead, Byteball links transactions by signing the hashes from the previous transactions on the new one. These links between transactions form a DAG (Directed Acyclic Graph). Since Byteball has no blocks, there is no block size issue. Byteball can be used as a means to transfer value between users in a transaction, either with Bytes or assets that can be issued on the network or as a decentralized data base that allows users to store information within it. Byteball's currency, Bytes, are used to pay transaction fees in this network. Transactions can be meant to exchange value or to store any type of data. The transaction fees (Bytes) are relative to the Bytes used in the transaction, so if a transaction uses 500 Bytes, that's the tx fee that will be charged. This system gives the currency intrinsic value, each Byte is worth a byte of information that is stored on the network, which alows the system to scale according to its use. 1 GBYTE equals 1000000000 BYTES Byteball has been rebranded to Obyte, for more information related to the rebrand, please click here. “

Obyte Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Obyte directly using US dollars. Investors seeking to acquire Obyte should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Obyte using one of the exchanges listed above.

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