Obyte Trading 11.9% Higher This Week (GBYTE)

Obyte (GBYTE) traded up 5.9% against the dollar during the 1 day period ending at 21:00 PM E.T. on June 23rd. In the last week, Obyte has traded up 11.9% against the dollar. One Obyte coin can currently be purchased for about $12.05 or 0.00057311 BTC on major cryptocurrency exchanges. Obyte has a total market capitalization of $9.82 million and approximately $20,969.00 worth of Obyte was traded on exchanges in the last 24 hours.

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

  • IOTA (MIOTA) traded 3.7% higher against the dollar and now trades at $0.30 or 0.00001435 BTC.
  • VITE (VITE) traded 5.9% higher against the dollar and now trades at $0.0210 or 0.00000100 BTC.
  • Poseidon Network (QQQ) traded down 11% against the dollar and now trades at $0.0014 or 0.00000007 BTC.
  • IoT Chain (ITC) traded down 1.5% against the dollar and now trades at $0.0085 or 0.00000041 BTC.
  • HYCON (HYC) traded down 0.7% against the dollar and now trades at $0.0001 or 0.00000001 BTC.
  • TrustNote (TTT) traded flat against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Obyte Profile

Obyte is a coin. Its genesis date was December 25th, 2016. Obyte’s total supply is 1,000,000 coins and its circulating supply is 814,716 coins. Obyte’s official message board is medium.com/byteball. Obyte’s official Twitter account is @ObyteOrg and its Facebook page is accessible here. Obyte’s official website is obyte.org. The Reddit community for Obyte is /r/byteball and the currency’s Github account can be viewed 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 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 Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Obyte using one of the aforementioned exchanges.

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