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
$2.22M
10.04%
FDV
$2.47M
Circ. Supply
900K GBYTE
Max Supply
1M GBYTE
Total Supply
1M GBYTE
Diluted Valuation
$2.51M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$6.05K
18.68%
Volume (7D)
$41.79K
Volume (30D)
$179.68K
All time high
$1.20K
Price Change (1Y)
-63.49%
Additional details
Market details
GBYTE vs markets
↘ 81.88%
GBYTE vs BTC
↘ 81.16%
GBYTE vs ETH
↘ 81.13%
Tags
dag
platform
iot
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x31F69dE127C8A0fF10819C0955490a4Ae46fcc2a | |
Polygon | 0xAB5F7a0e20b0d056Aed4Aa4528C78da45BE7308b | |
BNB Smart Chain | 0xeb34De0C4B2955CE0ff1526CDf735c9E6d249D09 | |
Kava | 0x0b93109d05ef330acd2c75148891cc61d20c3ef1 |
Price history
Time | Price | Change |
|---|---|---|
Today | $2.50 | ↘ 0.03% |
1 Day | $2.32 | ↗ 7.76% |
1 Week | $2.09 | ↗ 19.53% |
1 Month | $2.47 | ↗ 1.16% |
1 Year | $6.84 | ↘ 63.49% |
Coinbase insights
Recent trends
The latest GBYTE price is $2.50. Compared to Obyte's value of $2.32 from 24 hours ago, there's been a 8% increase, while the current price is 20% up from $2.09 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 900,246. This is 90% of its max supply of 1,000,000 GBYTE and 90% of its total supply of 1,000,000. The market cap is currently $2.22M, which is a result of multiplying the current price of Obyte($2.50) by the total supply(1,000,000 GBYTE). The fully diluted valuation of Obyte is $2.47M. The diluted valuation of Obyte is $2.47M.
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 $2.22M. 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 $6.05K.
Assets that have a similar market cap to Obyte include Fuse, Baby Grok (babygrok.ai), WiFi Map, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Obyte is 900 thousand.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#3387
Contributors
25
Posts
61
% About Obyte
0.003%
Hold times
0 days
X (Twitter)
26.7% bullish
Sentiment
4.5 ★
Highlights
25 unique individuals are talking about Obyte and it is ranked #3,387 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 89 out of 5. Finally, Obyte is becoming less newsworthy, with 0 news articles published about Obyte.
On Twitter, people are mostly neutral about Obyte. There were 28.75% of tweets with bullish sentiment compared to 7.65% of tweets with a bearish sentiment about Obyte. 71.25% of tweets were neutral about Obyte. These sentiments are based on 39 tweets.
On Reddit, Obyte was mentioned in 21 Reddit posts and there were 16 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
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.
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.