GBYTE
Obyte Rank 1036
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854,929 GBYTE
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Obyte
Obyte Price $ 9.12
$ 9.12
Obyte 24h Vol
$5,482
$5,482
Obyte Market Cap $7,800,855
$7,800,855
24h Vol
0 BTC 1 H
0.00 %
24 H
-2.47 %
7 d
-12.99 %
Today Obyte price in US dollars is currently
9.12
USD, and if converted to Bitcoin is
0.00021373
BTC. A total of 854,929 GBYTE are currently circulating in the Market. Obyte price is currently experiencing a change of -2.47 %, and check here all cryptocurrency. Over the past 24 hours 0.000 M US dollars Obyte have been traded on Crypto Exchanges. Get Obyte's progress by adding it to your favourites and creating a free portfolio.
Full Name
Obyte
Symbol
GBYTE
Algorithm
BTC Price
0.00021373 BTC
BTC Market
183 BTC
BTC 24h Vol
0 BTC
Total Coins Mined
854,929 GBYTE
1h
0.00 %
24h
-2.47 %
7d
-12.99 %
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Description
Description
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
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