Obyte Trading 14.4% Lower Over Last Week (GBYTE)

Obyte (CURRENCY:GBYTE) traded 4.2% higher against the U.S. dollar during the 24-hour period ending at 11:00 AM ET on January 16th. Obyte has a market cap of $16.97 million and approximately $42,946.00 worth of Obyte was traded on exchanges in the last 24 hours. In the last seven days, Obyte has traded 14.4% lower against the U.S. dollar. One Obyte coin can currently be purchased for about $22.52 or 0.00060381 BTC on popular exchanges.

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

  • Poseidon Network (QQQ) traded 1% higher against the dollar and now trades at $0.0253 or 0.00000068 BTC.
  • VITE (VITE) traded 9.8% higher against the dollar and now trades at $0.0168 or 0.00000045 BTC.
  • IoT Chain (ITC) traded 6.8% higher against the dollar and now trades at $0.0511 or 0.00000137 BTC.
  • HYCON (HYC) traded down 8.3% against the dollar and now trades at $0.0015 or 0.00000004 BTC.
  • TrustNote (TTT) traded 0% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Obyte Coin Profile

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 753,681 coins. The Reddit community for Obyte is /r/byteball and the currency’s Github account can be viewed here. Obyte’s official Twitter account is @
and its Facebook page is accessible here. The official website for Obyte is obyte.org. The official message board for Obyte is medium.com/byteball.

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

Obyte can be traded on these cryptocurrency exchanges: . It is usually not currently possible to buy alternative cryptocurrencies such as Obyte directly using US dollars. Investors seeking to trade Obyte should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Obyte using one of the aforementioned exchanges.

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