Bytecent (CURRENCY:BYC) traded down 22.2% against the US dollar during the 1-day period ending at 12:00 PM E.T. on October 8th. During the last seven days, Bytecent has traded 72.9% lower against the US dollar. One Bytecent coin can now be purchased for $0.0450 or 0.00000678 BTC on major exchanges. Bytecent has a market capitalization of $105,441.00 and $6,270.00 worth of Bytecent was traded on exchanges in the last day.
Here is how related cryptocurrencies have performed during the last day:
- APIS (APIS) traded down 0.3% against the dollar and now trades at $0.0040 or 0.00000061 BTC.
- Ripio Credit Network (RCN) traded 2.4% higher against the dollar and now trades at $0.0296 or 0.00000445 BTC.
- Bismuth (BIS) traded 4.5% higher against the dollar and now trades at $0.53 or 0.00007910 BTC.
- Elastic (XEL) traded 3.1% higher against the dollar and now trades at $0.0561 or 0.00000844 BTC.
- Banyan Network (BBN) traded up 2.8% against the dollar and now trades at $0.0086 or 0.00000129 BTC.
- MARK.SPACE (MRK) traded 0.1% lower against the dollar and now trades at $0.0066 or 0.00000099 BTC.
- POPCHAIN (PCH) traded up 1.3% against the dollar and now trades at $0.0093 or 0.00000139 BTC.
- Acute Angle Cloud (AAC) traded 1.9% higher against the dollar and now trades at $0.0109 or 0.00000164 BTC.
- Golos (GOLOS) traded down 4% against the dollar and now trades at $0.0178 or 0.00000268 BTC.
- Vezt (VZT) traded up 0.2% against the dollar and now trades at $0.0259 or 0.00000390 BTC.
According to CryptoCompare, “Proof of Bytecent is an innovative earning system that employs captcha technology to limit network abuses while keeping the earning process tangible. POB requires workers to enter a human readable captcha code every sixty minutes to maintain the earning process without interruption. POB time can be extended without entering the captcha code by storing x amount of coins in the local wallet. For example, If 25 Bytecent are required to extend POB time for one hour, a worker will need a total of 575 Bytecent stored in his/her local wallet to extend POB time for a total of 24 hours. Bytecent utilized for POB can be used anytime and are not locked from being spent like with Proof of Stake coins. The number of coins required to extend POB time is based on numerous factors including current price, total volume, and demand. 1.POB renders botnets ineffective, while dramatically reducing the effectiveness of mining farms. 2.POB generates demand for Bytecent while keeping the available Bytecent in circulation low. 3.Workers are rewarded by storing more Bytecent in their local wallets. 4.Sell pressure from workers and merchant dumping is significantly reduced. 5.Fewer Bytecent are stored on exchanges and other centralized platforms. “
Buying and Selling Bytecent
Bytecent can be purchased on these cryptocurrency exchanges: Bittrex. It is usually not currently possible to buy alternative cryptocurrencies such as Bytecent directly using U.S. dollars. Investors seeking to acquire Bytecent should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bytecent using one of the exchanges listed above.
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