Obyte Price Reaches $16.61 on Top Exchanges (GBYTE)

Obyte (GBYTE) traded 3.2% higher against the US dollar during the 1-day period ending at 19:00 PM E.T. on August 5th. During the last week, Obyte has traded 1.6% lower against the US dollar. Obyte has a market cap of $13.57 million and $4,868.00 worth of Obyte was traded on exchanges in the last 24 hours. One Obyte coin can currently be purchased for about $16.61 or 0.00071507 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • IOTA (MIOTA) traded up 3.3% against the dollar and now trades at $0.34 or 0.00001458 BTC.
  • VITE (VITE) traded 2.5% higher against the dollar and now trades at $0.0316 or 0.00000136 BTC.
  • Poseidon Network (QQQ) traded up 0.1% against the dollar and now trades at $0.0030 or 0.00000013 BTC.
  • IoT Chain (ITC) traded 4.6% higher against the dollar and now trades at $0.0103 or 0.00000044 BTC.
  • HYCON (HYC) traded down 2.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Obyte Profile

Obyte (GBYTE) is a coin. Its genesis date was December 25th, 2016. Obyte’s total supply is 1,000,000 coins and its circulating supply is 816,922 coins. The Reddit community for Obyte is /r/byteball and the currency’s Github account can be viewed here. The official website for Obyte is obyte.org. Obyte’s official message board 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. “

Buying and Selling Obyte

It is usually not currently possible to purchase alternative cryptocurrencies such as Obyte directly using U.S. dollars. Investors seeking to acquire Obyte should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Obyte using one of the aforementioned exchanges.

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