Obyte Trading Down 8.8% Over Last 7 Days (GBYTE)

Obyte (GBYTE) traded 4.6% higher against the US dollar during the 24-hour period ending at 0:00 AM E.T. on May 17th. One Obyte coin can currently be purchased for about $13.02 or 0.00043646 BTC on popular exchanges. During the last week, Obyte has traded 8.8% lower against the US dollar. Obyte has a total market capitalization of $10.51 million and $6,196.00 worth of Obyte was traded on exchanges in the last day.

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

  • IOTA (MIOTA) traded 0.5% lower against the dollar and now trades at $0.38 or 0.00001291 BTC.
  • Poseidon Network (QQQ) traded 2.1% higher against the dollar and now trades at $0.0057 or 0.00000019 BTC.
  • VITE (VITE) traded up 4.3% against the dollar and now trades at $0.0221 or 0.00000074 BTC.
  • IoT Chain (ITC) traded up 4.1% against the dollar and now trades at $0.0093 or 0.00000031 BTC.
  • HYCON (HYC) traded up 10.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • TrustNote (TTT) traded flat against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Obyte

GBYTE is a coin. It launched on December 25th, 2016. Obyte’s total supply is 1,000,000 coins and its circulating supply is 807,692 coins. Obyte’s official website is obyte.org. Obyte’s official Twitter account is @ObyteOrg and its Facebook page is accessible here. The Reddit community for Obyte is /r/byteball and the currency’s Github account can be viewed here. 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

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

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