Obyte (CURRENCY:GBYTE) traded 0.9% higher against the US dollar during the 24 hour period ending at 9:00 AM Eastern on September 25th. During the last seven days, Obyte has traded 14.9% lower against the US dollar. One Obyte coin can currently be bought for approximately $24.31 or 0.00057278 BTC on major exchanges. Obyte has a market capitalization of $19.14 million and $120,738.00 worth of Obyte was traded on exchanges in the last 24 hours.
Here is how other cryptocurrencies have performed during the last 24 hours:
- IOTA (MIOTA) traded up 0.1% against the dollar and now trades at $1.24 or 0.00002927 BTC.
- VITE (VITE) traded up 17.2% against the dollar and now trades at $0.0831 or 0.00000196 BTC.
- Poseidon Network (QQQ) traded down 8.7% against the dollar and now trades at $0.0155 or 0.00000037 BTC.
- IoT Chain (ITC) traded down 6.2% against the dollar and now trades at $0.0631 or 0.00000149 BTC.
- HYCON (HYC) traded up 2.5% against the dollar and now trades at $0.0002 or 0.00000000 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. “
Buying and Selling Obyte
It is usually not presently possible to buy alternative cryptocurrencies such as Obyte directly using U.S. dollars. Investors seeking to trade Obyte should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Obyte using one of the exchanges listed above.
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