Obyte (GBYTE) Trading Down 5.8% Over Last Week

Obyte (CURRENCY:GBYTE) traded down 12.6% against the U.S. dollar during the one day period ending at 19:00 PM ET on September 20th. In the last week, Obyte has traded 5.8% lower against the U.S. dollar. Obyte has a market cap of $18.06 million and approximately $143,341.00 worth of Obyte was traded on exchanges in the last day. One Obyte coin can currently be purchased for approximately $23.96 or 0.00056062 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

  • IOTA (MIOTA) traded down 15.5% against the dollar and now trades at $1.29 or 0.00003021 BTC.
  • Poseidon Network (QQQ) traded down 8.6% against the dollar and now trades at $0.0189 or 0.00000044 BTC.
  • VITE (VITE) traded 12.7% lower against the dollar and now trades at $0.0770 or 0.00000180 BTC.
  • IoT Chain (ITC) traded 4.5% lower against the dollar and now trades at $0.0801 or 0.00000187 BTC.
  • HYCON (HYC) traded 4.6% lower against the dollar and now trades at $0.0002 or 0.00000000 BTC.
  • TrustNote (TTT) traded down 0% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Obyte Coin Profile

Obyte (CRYPTO:GBYTE) is a coin. It launched on December 25th, 2016. Obyte’s total supply is 1,000,000 coins and its circulating supply is 753,681 coins. The Reddit community for Obyte is /r/byteball and the currency’s Github account can be viewed here. Obyte’s official message board is medium.com/byteball. Obyte’s official website is obyte.org. 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 presently possible to buy alternative cryptocurrencies such as Obyte directly using U.S. dollars. Investors seeking to trade Obyte should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Obyte using one of the aforementioned exchanges.

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