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
$4,603,872.90
4.81%
FDV
$5,212,444.41
Circulating Supply
883,246.426 GBYTE
Max Supply
1,000,000 GBYTE
Total Supply
1,000,000 GBYTE
Diluted Valuation
$5,344,345.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$3,006.12
3.15%
Volume (7D)
$21,470.68
Volume (30D)
$94,927.37
All time high
$1,195.99
Overall Price Change (1Y)
-0.45%
Additional info about Obyte
Recent trends
The price of Obyte has increased by 3.86% in the last hour and increased by 4.93% in the past 24 hours. Obyte’s price has also risen by 2.95% in the past week. The current price is $5.30 per GBYTE with a 24-hour trading volume of $3.01K. Currently, Obyte is valued at 99.56% below its all time high of $1,195.99. This all-time high was the highest price paid for Obyte since its launch. The current circulating supply of Obyte is 883,246.426 GBYTE which means that Obyte has as total market cap of $4,603,872.90.
Market details
GBYTE vs markets
↘ 56.9%
GBYTE vs BTC
↘ 62.61%
GBYTE vs ETH
↗ 0.39%
Tags
dag
platform
iot
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x31F69dE127C8A0fF10819C0955490a4Ae46fcc2a | |
Polygon | 0xAB5F7a0e20b0d056Aed4Aa4528C78da45BE7308b | |
BNB Smart Chain | 0xeb34De0C4B2955CE0ff1526CDf735c9E6d249D09 | |
Kava | 0x0b93109d05ef330acd2c75148891cc61d20c3ef1 |
Price history
Time | Price | Change |
|---|---|---|
Today | $5.30 | ↗ 4.93% |
1 Day | $5.03 | ↗ 4.93% |
1 Week | $5.13 | ↗ 2.95% |
1 Month | $4.87 | ↗ 8.44% |
1 Year | $9.61 | ↘ 45.08% |
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 $4.60M. 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 $3.01K.
Assets that have a similar market cap to Obyte include Dingocoin, KiboShib, DeepBrain Chain, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Obyte is 883 thousand.
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Social stats
Popularity in posts
#3091
Contributors
24
Posts
55
% About Obyte
0.006%
Articles
1
Hold times
0 days
X (Twitter)
90.77% bullish
Sentiment
5.0 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
24 unique individuals are talking about Obyte and it is ranked #3,091 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Obyte has an average sentiment score of 100 out of 5. Finally, Obyte is becoming less newsworthy, with 1 news articles published about Obyte.
On Twitter, people are mostly bullish about Obyte. There were 93.65% of tweets with bullish sentiment compared to 3.17% of tweets with a bearish sentiment about Obyte. 6.35% of tweets were neutral about Obyte. These sentiments are based on 20 tweets.
On Reddit, Obyte was mentioned in 33 Reddit posts and there were 22 comments about Obyte. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.