Obyte (CURRENCY:GBYTE) traded down 5.1% against the dollar during the one day period ending at 0:00 AM Eastern on September 18th. Obyte has a market cap of $21.42 million and approximately $123,677.00 worth of Obyte was traded on exchanges in the last 24 hours. One Obyte coin can currently be bought for approximately $28.42 or 0.00059198 BTC on major cryptocurrency exchanges. In the last seven days, Obyte has traded 2.4% higher against the dollar.
Here is how related cryptocurrencies have performed in the last 24 hours:
- IOTA (MIOTA) traded 3.7% lower against the dollar and now trades at $1.62 or 0.00003373 BTC.
- Poseidon Network (QQQ) traded 0% lower against the dollar and now trades at $0.0206 or 0.00000043 BTC.
- VITE (VITE) traded 4.7% lower against the dollar and now trades at $0.0927 or 0.00000193 BTC.
- IoT Chain (ITC) traded 2.3% higher against the dollar and now trades at $0.0851 or 0.00000177 BTC.
- HYCON (HYC) traded up 0.6% 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.
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 currently possible to purchase alternative cryptocurrencies such as Obyte directly using US dollars. Investors seeking to acquire Obyte should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly 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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