Obyte Crypto Price Prediction, Value and Chart (GBYTE)

Obyte (GBYTE) Frequently Asked Questions

What is Obyte?

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. (Description provided by CryptoCompare)

How do I buy Obyte?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Obyte.

What do investment analysts think about Obyte?

Weiss Research, an investment research firm that rates cryptocurrencies, has given Obyte an overall rating of "E+", a technology and adoption rating of "E+", and a market performance rating of "D+".

Where can I get Obyte wallet?

Obyte produces its own wallet software that is available for download on its website, which allows you to store Obyte on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Obyte?

One Obyte (GBYTE) is currently worth $12.55 on major cryptocurrency exchanges. You can also exchange one Obyte for 0.00065534 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Obyte in U.S. dollars is $10.22 million.

What hashing algorithm does Obyte use?

Obyte is a coin that uses the Directed Acyclic Graph (DAG) algorithm.

What coins are similar to Obyte?

The following coins use the same hashing algorithm (Directed Acyclic Graph (DAG)) as Obyte: IOTA, VITE, Poseidon Network, IoT Chain, HYCON and TrustNote.

What is the Reddit page for Obyte?

The official Reddit community (subreddit) for Obyte is r/byteball.