About Obyte
Launched on Dec 25, 2016, Obyte is a distributed ledger based on directed acyclic graph (DAG). Thanks to absence of blocks and miners, access to Obyte ledger is decentralized, disintermediated, free (as in freedom), equal, and open. Obyte is the first DAG based cryptocurrency platform to support dApps. Due to absence of miners and blocks, there is no risk of front-running and other miner manipulation, and dApps are safer and easier to develop than blockchain based dApps. DApps are developed in Oscript - a new language that avoids many unsafe programming patterns common in earlier dApp platforms. Thanks to its safety, Obyte is especially well suited for DeFi apps, some are already available on the platform, such as Discount Stablecoins ( some are being developed. Other features include: self-sovereign identity, private untraceable currencies, sending crypto to email using textcoins, and extremely small-footprint libraries suitable for small IoT devices.
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Market Stats
Market Cap
$3.91M
-4.27%
FDV
$4.40M
Circ. Supply
888K GBYTE
Max Supply
1M GBYTE
Total Supply
1M GBYTE
Diluted Valuation
$4.44M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$980.58
186.77%
Volume (7D)
$7.13K
Volume (30D)
$27.74K
All time high
$1.20K
Price Change (1Y)
-58.59%
Additional info about Obyte
Recent trends
The latest GBYTE price is $4.63. Compared to Obyte's value of $4.72 from 24 hours ago, there's been a -6% decrease, while the current price is -7% down from $4.74 which was recorded one week ago. Obyte's all time high is $1,195.99, which was reached on January 13, 2018. This is a -100% change from its price today.
The current circulating supply of Obyte is 888,246. This is 89% of its max supply of 1,000,000 GBYTE and 89% of its total supply of 1,000,000. The market cap is currently $3.91M, which is a result of multiplying the current price of Obyte($4.63) by the total supply(1,000,000 GBYTE). The fully diluted valuation of Obyte is $4.40M. The diluted valuation of Obyte is $4.40M.
Market details
GBYTE vs markets
↘ 70.19%
GBYTE vs BTC
↘ 74.15%
GBYTE vs ETH
↘ 42.51%
Tags
dag
platform
iot
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x31F69dE127C8A0fF10819C0955490a4Ae46fcc2a | |
Polygon | 0xAB5F7a0e20b0d056Aed4Aa4528C78da45BE7308b | |
BNB Smart Chain | 0xeb34De0C4B2955CE0ff1526CDf735c9E6d249D09 | |
Kava | 0x0b93109d05ef330acd2c75148891cc61d20c3ef1 |
Price history
Time | Price | Change |
|---|---|---|
Today | $4.63 | ↘ 6.32% |
1 Day | $4.72 | ↘ 6.32% |
1 Week | $4.74 | ↘ 6.76% |
1 Month | $4.84 | ↘ 8.69% |
1 Year | $10.67 | ↘ 58.59% |
FAQ
Obyte is a cryptocurrency platform built using DAG technology to support DApps. The Obyte project is a distributed ledger that utilizes directed acyclic graphs (DAGs). DAG technology is a mechanism that allows cryptocurrencies to operate similarly to blockchain-based cryptocurrencies but with no need for blocks or miners. The team claims that Obyte is decentralized, disintermediated, equal, and open because it does not utilize blocks or miners.
Obyte claims to be an excellent platform for DeFi apps, some of which are already available on the platform, such as Bonded Stablecoins, and some of which are in the process of development.
Additionally, Obyte seeks to provide the following:
● Self-sovereign identity
● Untraceable private currencies
● Secure messaging over text coins
● Extremely small memory requirement suitable for IoT devices
One of the features that make Obyte unique is Textcoin. Textcoins aim to allow one to send cryptocurrency via email or chat. For sending textcoins, the sender does not even need to know the recipient's Obyte address; instead, they transfer money to a known address, such as an email address or a chat contact. Even if the receiver does not have an Obyte wallet, he can still claim the funds by installing the wallet later.
As another feature of Obyte, 99% of its currency (GBYTE) is distributed through cashback deals and referrals.
The Obyte project, formerly known as Byteball, was launched in September 2016 by Anton (Tony) Churyumov and a team of developers in Russia. Churyumov launched a variety of start-ups, including SMS Traffic, a platform that allows businesses to combine consumers' and employees' mobile technology. In 2014, Churyumov became interested in cryptocurrencies and, in particular, the underlying blockchain technology. He could see significant defects and concerns that would prohibit cryptocurrencies from being widespread in the future. High energy consumption, scalability, and the presence of a privileged class of miners led him to think that there should be a better option, which influenced the design of Obyte.
We update our Obyte to USD currency in real-time. Get the live price of Obyte on Coinbase.
The current market cap of Obyte is $3.91M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Obyte is $1,195.99. This all-time high is highest price paid for Obyte since it was launched.
Over the last 24 hours, the trading volume of Obyte is $980.58.
Assets that have a similar market cap to Obyte include Quantoz EURQ, Dynex, sekoia by Virtuals, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Obyte is 888 thousand.
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