Obyte (GBYTE) Trading Up 4.4% This Week

Obyte (GBYTE) traded up 2.3% against the U.S. dollar during the 1-day period ending at 13:00 PM ET on May 21st. During the last seven days, Obyte has traded up 4.4% against the U.S. dollar. Obyte has a total market capitalization of $10.79 million and $8,795.00 worth of Obyte was traded on exchanges in the last day. One Obyte coin can now be purchased for about $13.34 or 0.00045299 BTC on exchanges.

Here’s how other cryptocurrencies have performed during the last day:

  • IOTA (MIOTA) traded 2.8% higher against the dollar and now trades at $0.33 or 0.00001111 BTC.
  • VITE (VITE) traded 5% higher against the dollar and now trades at $0.0239 or 0.00000081 BTC.
  • Poseidon Network (QQQ) traded down 53.1% against the dollar and now trades at $0.0025 or 0.00000008 BTC.
  • IoT Chain (ITC) traded 3% lower against the dollar and now trades at $0.0097 or 0.00000033 BTC.
  • HYCON (HYC) traded up 6.8% 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

Obyte is a coin. It was first traded on December 25th, 2016. Obyte’s total supply is 1,000,000 coins and its circulating supply is 808,692 coins. Obyte’s official Twitter account is @ObyteOrg and its Facebook page is accessible here. Obyte’s official message board is medium.com/byteball. The Reddit community for Obyte is /r/byteball and the currency’s Github account can be viewed here. The official website for Obyte is obyte.org.

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 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 purchase Obyte using one of the aforementioned exchanges.

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