Obyte (CURRENCY:GBYTE) traded 4.5% lower against the dollar during the twenty-four hour period ending at 18:00 PM ET on April 21st. Over the last week, Obyte has traded down 31.4% against the dollar. One Obyte coin can currently be purchased for $81.74 or 0.00148534 BTC on popular cryptocurrency exchanges. Obyte has a market capitalization of $61.61 million and $988,243.00 worth of Obyte was traded on exchanges in the last day.
Here is how related cryptocurrencies have performed over the last day:
- IOTA (MIOTA) traded 4.6% lower against the dollar and now trades at $2.14 or 0.00003886 BTC.
- VITE (VITE) traded 11% higher against the dollar and now trades at $0.19 or 0.00000340 BTC.
- Poseidon Network (QQQ) traded down 5.7% against the dollar and now trades at $0.0340 or 0.00000062 BTC.
- IoT Chain (ITC) traded down 8.5% against the dollar and now trades at $0.18 or 0.00000334 BTC.
- HYCON (HYC) traded 2.1% lower against the dollar and now trades at $0.0014 or 0.00000003 BTC.
- TrustNote (TTT) traded 0% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
Obyte Coin Profile
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 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 Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Obyte using one of the exchanges listed above.
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