Obyte (GBYTE) Price Tops $42.33 on Major Exchanges

Obyte (CURRENCY:GBYTE) traded up 5.1% against the U.S. dollar during the 1 day period ending at 23:00 PM ET on November 25th. In the last week, Obyte has traded 18.7% higher against the U.S. dollar. One Obyte coin can now be bought for about $42.33 or 0.00073056 BTC on popular exchanges. Obyte has a market capitalization of $33.65 million and approximately $25,094.00 worth of Obyte was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

  • IOTA (MIOTA) traded down 1.3% against the dollar and now trades at $1.53 or 0.00002638 BTC.
  • VITE (VITE) traded up 2.3% against the dollar and now trades at $0.12 or 0.00000203 BTC.
  • Poseidon Network (QQQ) traded down 0.2% against the dollar and now trades at $0.0137 or 0.00000024 BTC.
  • IoT Chain (ITC) traded 8.9% lower against the dollar and now trades at $0.0760 or 0.00000131 BTC.
  • HYCON (HYC) traded up 3.1% against the dollar and now trades at $0.0002 or 0.00000000 BTC.
  • TrustNote (TTT) traded down 0% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Obyte Coin Profile

Obyte (CRYPTO:GBYTE) 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 794,914 coins. 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. Obyte’s official website is obyte.org. Obyte’s official Twitter account is @ObyteOrg and its Facebook page is accessible here.

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 possible to purchase alternative cryptocurrencies such as Obyte directly using US dollars. Investors seeking to trade Obyte should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Obyte using one of the aforementioned exchanges.

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