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GBYTE Price   

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GBYTE

OByte  

#GBYTE

GBYTE Price:
$16.49
Volume:
$6.4 K
All Time High:
$1,196
Market Cap:
$11.2 M


Circulating Supply:
679,008
Exchanges:
2
Total Supply:
679,008
Markets:
2
Max Supply:
1,000,000
Pairs:
1



  GBYTE PRICE


The price of #GBYTE today is $16.49 USD.

The lowest GBYTE price for this period was $0, the highest was $16.49, and the current live price for one GBYTE coin is $16.48815.

The all-time high GBYTE coin price was $1,196.

Use our custom price calculator to see the hypothetical price of GBYTE with market cap of ETH or other crypto coins.


  GBYTE OVERVIEW


The code for OByte crypto currency is #GBYTE.

OByte is 6.1 years old.


  GBYTE MARKET CAP


The current market capitalization for OByte is $11,195,585.

OByte is ranking upwards to #1104 out of all coins, by market cap (and other factors).


  GBYTE VOLUME


There is a small volume of trading today on #GBYTE.

Today's 24-hour trading volume across all exchanges for OByte is $6,422.


  GBYTE SUPPLY


The circulating supply of GBYTE is 679,008 coins, which is 68% of the maximum coin supply.

A highlight of OByte is it's unusually low supply of coins, as this tends to support higher prices due to supply and demand in the market.


  GBYTE BLOCKCHAIN


GBYTE is a token on the Binance Smart Chain blockchain, and has digital contracts with 2 other blockchains.

See list of the GBYTE Blockchain contracts with 3 different blockchains.


  GBYTE EXCHANGES


GBYTE has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on at least 2 crypto exchanges.

View #GBYTE trading pairs and crypto exchanges that currently support #GBYTE purchase.


  GBYTE RESOURCES


Websitebyteball.org
TwitterObyteOrg
Redditr/obyte
Telegramobyteorg


  GBYTE DEVELOPER NEWS



GBYTEs Formerly Held by Lisk

We are happy to announce that the GBYTEs that the Lisk Foundation received as part of our initial distribution in 2016–2017 have now been donated to the Obyte Foundation or sold to community members who are going to hold them for the long term. Until recently, Lisk Foundation held 62,243 GBYTE. They donated 10% of this amount to the Obyte Foundation for promoting and developing new technologies and applications in the field of open and decentralized software architectures. The rest was sold OTC to 7 Obyte community members. All of them are going to hold the bought GBYTEs long term, and most of them have been engaged with Obyte since the early days. Due to the low liquidity, the GBYTEs were offered at a discount. Here is the announcement confirming this by Lisk co-founder Max Kordek twitter.com. We appreciate the donation and it will definitely strengthen our ability to build decentralized technologies and get them adopted. It’s also important that after these transactions the concentration of capital in GBYTE significantly decreased and the risk of a significant portion of the supply being sold on the open market decreased too. Lisk received this large amount of GBYTEs as part of our initial free distribution in 2016–2017 to Bitcoin holders. Every BTC holder was able to participate in the distribution by simply proving their BTC balance, and Lisk used the BTC raised in their 2016 ICO. While the distribution was done in...




DAG vs Blockchain as Individualism vs Collectivism

In our previous articles, we discussed the technical and power distribution differences between blockchains and DAG. Now, let’s take a look at their ideological/philosophical differences. They are fundamental. As noted in Distribution of Power in DAGs and Blockchains, users in blockchains can only create transactions but have to rely on block producers to add them to the ledger, while DAG users both create transactions and add them to the ledger without help of any third parties. This means that DAG users have full autonomy, full independence, full control of their lives (as far as distributed ledgers are concerned), which relates to individualistic values. They are on their own and no one can stop them. No group can stop them either, even if that group is large or dominant in any way. It is not so in blockchains. In blockchains, user transactions have to be approved/accepted by block producers. It is block producers who have the final say about adding every transaction to the blockchain. Assuming that block producers represent the community in some way (the quality of representation is another question) and the majority of the community doesn’t want your transaction to be accepted for whatever reason, the block producers do have the power to block it. That is, the collective’s representatives have the power to intrude on an individual’s life. The collective’s ability to block any transaction means that the private...




Distribution of Power in DAGs and Blockchains

In blockchains, the power is concentrated in a few centers, while in DAGs it is more evenly distributed among users. — Blockchain and DAG are two competing technologies that aim to remove the reliance on any powerful central actors and give users more control over their own money. The problem with the central parties is that they have the power to intervene with user transactions in various ways, thus restricting their ability to use their own money. For example, a bank might refuse to process a user’s transaction for various reasons. Both blockchains and DAG based cryptos attempt to shift the power balance in favor of users and give them more freedom, more autonomy. Let’s see how well they achieve this goal. — What is blockchain? - Blockchain is a distributed ledger technology where user transactions are grouped into blocks and blocks are ordered one after another to create a chain of blocks. There are multiple block producers who compete for the right to create the next block, and different blocks might be created by different block producers.Blockchain Having multiple block producers is an improvement in decentralization compared with centralized ledgers where a single operator (such as a bank or a payment system like PayPal) has total and undivided control over what gets into the ledger. Block producers come by different names in different blockchain designs, such as miners, validators, forgers, bakers, ...




Introducing Prophet — Prediction Markets Based On Bonding Curves

Introducing Prophet — Prediction Markets Based On Bonding Curves - Bonding curves seem to be a really productive tool for building DeFi protocols. Now, we have applied them to create prediction markets that are always available to trade, liquid, and make it very easy to provide liquidity and earn from trading fees. Prophet allows making bets on outcomes of various future events, such as: sports: who wins an upcoming game;, currencies/stocks/commodities: whether the price of a fiat currency, cryptocurrency, stock, or commodity will trade above a specific level on a future date;, political events: who wins elections;, economic statistics: whether inflation or GDP growth or unemployment or some other important economic measure will exceed a specific level on a specific date in the future;, and many others., By making the correct predictions, bettors make money. If a bettor’s prediction proves to be wrong, they lose their stake. Betting on specific outcomes is one way of using Prophet. The other way is providing liquidity to prediction markets by betting on all outcomes. Liquidity providers (LPs) earn a share of fees paid by other bettors. — Tokens - To make bets, both bettors and LPs buy tokens that represent specific outcomes. For markets that have only two possible outcomes, there are two tokens: YES-token: the event will happen;, NO-token: the event won’t happen., To bet on the event, one buys YES...




Kivach — Cascading Donations For Github Repositories

Kivach — Cascading Donations For Github Repositories - Today we are launching Kivach — a dapp for cascading donations to any of the 28 million open-source projects on Github. There are a few donation options for open-source developers now but Kivach is best suited to the nature of modern open-source development — due to its ability to cascade the donations. Many open-source projects heavily depend on other open-source projects, such as libraries, frameworks, developer tools, infrastructure software, which in turn depend on other open-source projects, and so on. Supporting all these dependencies with donations is as important as supporting the final products that donors usually know. Kivach allows to automatically cascade the donations down to the dependencies, dependencies of dependencies, and so on, thus supporting all levels of technical stack with a single donation. The idea of cascading donations to open-source projects was first brought up by whoisterencelee more than 2 years ago in a discussion on Obyte reddit. As a developer himself, he saw the need to reward and recognize the developers of libraries that users are often not aware of. Running the donations on a decentralized network like Obyte, using Autonomous Agents governed solely by code, and having the transparent and automatically executed redistribution rules would make the system convenient and trustworthy. It took more time than expected to ...




What’s Next For Obyte: Oswap v2

A quick update on what we are currently working on. We are going to launch a new version of Oswap with the following features. — More fees for liquidity providers - Oswap v2 will include smarter fee calculation that will redirect part of arbitrageur profits to liquidity providers. In standard automated market makers (AMMs) like Oswap and Uniswap, arbitrageurs make money by trading price differences between the AMM and other markets, and their trading activity keeps the prices on different markets synced. The new fee calculation algorithm will try to estimate the arbitrageur profit and capture a share of it (an arb tax). The arbitrageur still gets a profit, although a smaller one, and is still motivated to trade and sync the prices between markets. This fee is in addition to the standard fee defined as percentage of volume, which can be lowered now to encourage more arbitrage trading. With arb tax, we hope to make adding liquidity to Oswap pools more profitable than in AMMs on other networks (not including farming and liquidity mining subsidies whose sustainability is questionable) and attract more capital to Obyte DeFi. Arb tax will be a feature exclusive to DeFi on DAG because if implemented on a blockchain, it can be easily circumvented by miners (unless they are altruistic). — Non-equal weights for tokens - In standard two-token AMMs defined by formula x y = const the tokens have equal weights with 50% of the...




Counterstake: A Truly Decentralized Cross-Chain Bridge

Today we are launching a bridge that will connect Obyte with other networks and enrich Obyte’s trading environment with a huge number of tokens imported from other chains. Unlike other cross-chain bridges, the Counterstake bridge is truly decentralized and universal at the same time. Decentralization means that user funds are protected from theft by hackers and insiders, the bridge cannot be shutdown or restricted, and any tokens can be transferred over the bridge in a permissionless manner. Initially, the bridge connects 3 networks: Obyte, Ethereum, and Binance Smart Chain, but can be implemented for other programmable chains as well. EVM-based chains can be added with minimal effort. — Interoperability is on the rise - It is certain that there will be many different chains optimized for different use cases and the value needs to be transferred between them in a safe and easy way. There is already proven and rapidly growing demand for interoperability solutions. The amount of tokens transferred over the Binance Bridge alone is currently over $13b (source) while on Jan 1, 2021 it was about $0.5b — roughly 25x growth. However the existing solutions are either overly centralized or support a rather small subset of chains. — Counterstake: decentralized and universal - This is how Counterstake is positioned against other interoperability solutions: Counterstake is absolutely decentralized and is one of th...




Aufort gold trading platform chooses Obyte solution

We are glad to share with you that the online digital gold retail platform Aufort has launched using Obyte’s Directed Acyclic Graph (DAG) — instead of mainstream competitors — technology to increase transparency and reliability. Aufort is aimed at investors interested in the asset class but have traditionally been put off by the high entry costs, storage issues, and liquidity., Obyte’s DAG technology was selected by Aufort due to these key reasons: ✅ ability to process a high number of transactions per second (TPS) ✅ almost non-existent transaction costs ✅ low energy use ✅ deterministic finality ✅ and ability to scale, making it suited for large numbers of retail investors. The Obyte platform — as you know — is fully decentralized and provides everyone access to post transactions without 3rd party approval. It enables people to gain exposure to small sums of gold without having to incur high transaction costs or time delays. At launch time, token withdrawals are disabled and Obyte headless wallet software is used as an accounting ledger for customer accounts. Tony Churyumoff, Obyte Founder: “We are very excited to demonstrate in practical terms how DAG technology can be applied to online retail platforms such as Aufort where large numbers of people can access small denominations of assets, quickly, cheaply and in a secure transparent format. The last decade has seen people talk ab...




Bonded Stablecoins Version 2: Better Price Stability And Stakable Tokens

When we introduced Bonded Stablecoins in September 2020, the concept was absolutely new to the market and we had no experience that would guide our design decisions. Now, after having the stablecoins in the wild for more than 6 months, we release an updated version that addresses the problems we discovered. The parameters we chose for the first version of Bonded Stablecoins require specific behavior from the holders of T1 (growth) tokens in order to keep the peg. This behavior is supposed to be profitable, but only when there is belief among traders that the price will soon correct to the target. Unfortunately, this often was not confirmed in practice because keeping the peg required large inflows of capital into T1 tokens when new T2 tokens were issued or when T2 target price was growing. Also, it might be difficult to understand that one can profitably trade T1 tokens when the price of another token — T2 — goes off-peg. This problem is specific for the range of parameters we chose for the first iteration of stablecoins: m > 1 and n < 1. As a reminder, we used the following bonding curve formula: where s1 and s2 are the supplies of token 1 and token 2 respectively, while token 2 is supposed to follow a target price. The prices of the tokens p1 and p2 are partial derivatives with respect to the corresponding supplies: We chose n < 1 parameter to ensure that in order to keep p2 constant, more T1 should b...




Obyte Trading Rewards

We are launching two rewards programs to address one of Obyte’s most pressing issues — liquidity. Over the years we’ve been focusing mainly on product development and decentralization. We achieved full decentralization in July 2020 and built one of the strongest and most versatile dapp development platforms in the industry — the only platform that is DAG based and therefore better suited for DeFi dapps, without blockchains’ inevitable front-running issues. We introduced the most advanced stablecoins in the industry and were the first to build stablecoins powered by bonding curves, we launched a few other DeFi products or helped them to be launched through the grants program. We brought identity to crypto, introduced textcoins, a unique untraceable currency blackbytes, and many other products and features. However, all this is not enough. Just having strong fundamentals is not enough, there should also be a mechanism that translates them into value. For cryptocurrencies, which have no use value but have only exchange value, the mechanism that allows them to acquire value is trading. It is only the ability to be exchanged for something else that already has value, the ability that is constantly confirmed by live trades and deep order books — only this ability makes people believe that a crypto coin has value. Unfortunately, we paid too little attention to trading so far, and our achievements in building ...



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