Obyte Trading 11.9% Higher This Week (GBYTE)

Obyte (GBYTE) traded 5.9% higher against the dollar during the 24-hour period ending at 21:00 PM ET on June 23rd. Obyte has a total market cap of $9.82 million and $20,969.00 worth of Obyte was traded on exchanges in the last day. During the last week, Obyte has traded up 11.9% against the dollar. One Obyte coin can now be bought for approximately $12.05 or 0.00057311 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last day:

  • IOTA (MIOTA) traded 3.7% higher against the dollar and now trades at $0.30 or 0.00001435 BTC.
  • VITE (VITE) traded up 5.9% 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 0.7% lower 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.

About Obyte

Obyte is a coin. Its launch 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. The official website for Obyte 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. “

Obyte Coin Trading

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

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