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GBYTE Price   

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GBYTE

OByte  

#GBYTE

GBYTE Price:
$9.53
Volume:
$700
All Time High:
$1,196
Market Cap:
$6.5 M


Circulating Supply:
679,008
Exchanges:
4
Total Supply:
679,008
Markets:
7
Max Supply:
1,000,000
Pairs:
5



  GBYTE PRICE


The price of #GBYTE today is $9.53 USD.

The lowest GBYTE price for this period was $0, the highest was $9.53, and the exact current price of one GBYTE crypto coin is $9.52829.

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 7.4 years old.


  GBYTE MARKET CAP


The current market capitalization for OByte is $6,469,788.

OByte is ranked #736 out of all coins, by market cap (and other factors).


  GBYTE VOLUME


The trading volume is weak today for #GBYTE.

Today's 24-hour trading volume across all exchanges for OByte is $700.


  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 3 other blockchains.

See list of the GBYTE Blockchain contracts with 4 different blockchains.


  GBYTE EXCHANGES


GBYTE is available on several crypto currency exchanges.

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


  GBYTE RESOURCES


Websiteobyte.org
TwitterObyteOrg
Redditr/obyte
Telegramobyteorg


  GBYTE DEVELOPER NEWS



Educational Byte: Improvement proposals or how to improve cryptocurrencies

Sometimes, we may forget something very important about cryptocurrencies: besides being money, utilities, securities, art (or whatever, really), all of them are software. A complex computer program living in the bowels of the digital world and the Internet. Now, in case you didn’t know, there’s always someone behind computer programs, and not only for their creation. They need constant maintenance to function, and to keep the constant pace of updates everywhere. As software, cryptocurrencies can also be greatly improved. If they’re decentralized (not controlled by a single party) and open-source (with its code publicly available), they can even be improved and maintained by anyone interested. Indeed, most cryptocurrencies welcome new volunteers or paid programmers worldwide to join their development. They can help to maintain existing repositories (an archive of code) or propose potential enhancements. That’s the raison d’etre of improvement proposals in crypto. — What are Improvement Proposals? - Essentially, improvement proposals in crypto development are detailed documents to describe a new potential enhancement for the involved system. This formal document has a “champion” (the developer who came up with the idea), who shares and discusses their proposals with the maintainers and the community. The first improvement proposals were, of course, the Bitcoin Improvement Proposals (BIPs). BIPs were first de...




How to Bet and Earn on the Prophet Prediction Market — Regardless of the outcome

How to Bet and Earn on the Prophet Prediction Market — Regardless of the outcome - Powered by bonding curves, Prophet is a prediction market on Obyte that offers a unique and transparent approach, providing individuals with an opportunity to leverage their insights and expertise for financial gains. You can always bet on a future event (sports, prices, binary options, etc.), but if you’re not interested in it, there’s another way to win here: by providing liquidity. In Prophet, bettors are presented with a choice of two or three tokens that correspond to different outcomes of an event: Yes, No, and Draw. Each token holds an initial value and can be bought or sold (see the Prophet introductory article to learn how the tokens are priced using bonding curves). However, as the event nears and probabilities fluctuate, the values of the tokens may also change. Ultimately, only the token corresponding to the actual outcome of the event retains its value, rendering the others useless. — How to bet and earn on Prophet? - In order to bet, it’s necessary to buy the preferred token with GBYTEs. For instance, if you want to bet on the victory of Sports Team A against Sports Team B, they’d have their own tokens in Prophet, called STA and STB. You buy any amount of the token STA using GBYTEs or any token available on Ethereum, Polygon, and BSC at the initial price, which could be $0.001 (for example). The odds can chan...




How to Profit from Liquidity Mining Using Obyte

Do you want to get additional income with cryptocurrencies? Then liquidity mining could be for you. This technique has become popular among crypto investors of numerous platforms to earn passive income. Users can periodically receive monetary rewards by providing liquidity (crypto funds) to a Decentralized Finance (DeFi) market. Our main DEX in Obyte, Oswap.io, already has incentives for those who add liquidity to the exchanging pools. Likewise, the Prophet prediction market lets anyone make their bets or earn from fees. We will show you here how to maximize your passive earnings with Obyte. Let’s go! — What is Liquidity Mining? - Liquidity mining refers to the process of providing funds (liquidity) to different DeFi products (e.g., DEX or predictions markets) in exchange for a portion of regular users’ fees or rewards. Those rewards may come from the exchange’s native token (in DEXs’ cases) or other cryptoassets. Some investors choose liquidity mining over other methods of earning passive income in crypto because it can provide a somewhat predictable return. However, the earnings from liquidity mining vary by platform. They’re mostly displayed as Annual Percentage Yield (APY), easily observable on all dashboards, no matter the platform. For example, suppose a specific pool in a DEX offers a liquidity mining APY of 13% for LPs. In that case, a user who provides $10,000 in liquidity tokens could earn around $3...




Unleashing Tokenization Potential: Creating Your Own Fungible Tokens on Obyte | HackerNoon

We’re seeing digital tokens everywhere these days. They have the potential for numerous use cases, from governance inside decentralized platforms to barely a joke with some value (a memecoin). You can use them for whatever you want to, and you can create your own customized tokens as well. Obyte has this option available for beginners and experienced users. In this article, we’ll delve into the process of creating fungible tokens in Obyte. We’ll highlight the advantages, customization options, and factors that determine the price of your newly minted token. Let’s explore how this could empower your ideas. — Cryptocurrency vs Token - Cryptocurrencies and tokens are often used interchangeably, but they could have distinct characteristics. Coins like Bitcoin (BTC) and Ether (ETH) are digital currencies that operate on their own distributed ledgers and usually work as money by themselves. Tokens, on the other hand, are created on existing platforms and represent a particular asset or utility. Indeed, “representation” could be a keyword when understanding what a crypto token is. They often represent external assets, internal rights (like governance in a Dapp), credits for rewards, a share in a new project, or even an intangible idea (like a memecoin). Tokens are typically built on bigger networks, and they don’t work outside of them on their own. They can exist as “wrapped” (equivalent) versions in severa...




Making P2P Great Again, Episode V: Contracts With Arbitration

Decentralized escrow protected by an independent arbiter. — In 2017, in our first Making P2P Great Again blog, we introduced conditional payments that enabled safe transactions between parties that don’t trust each other. For example, conditional payment protected exchange of one token for another while both tokens are issued on Obyte (e.g. swapping bytes for blackbytes), or buying goods and services while their delivery is tracked by a mutually trusted oracle. However, only a limited number of real-world business transactions fall under these restrictions. The vast majority of trade involves off-chain assets, and for most transactions there is no third-party oracle that would confirm that the agreed-upon goods or services have been delivered in good shape, exactly as specified by the contract. Now, we close this gap by introducing contracts with arbitration. They enable any two-party contract to be secured by decentralized escrow that protects both parties who might not trust each other. They are best suited for international trade, a $32t market. — Problems with conventional contracts - Conventional contracts have served us for thousands of years but there are some friction and barriers to entry when using them. Usually, the parties need to trust each other before starting any business relationship. If the buyer pays first, they have to trust the seller that they’ll ship goods or provide the services after...




How to Set Conditions for Your Crypto Payments on Obyte

Payments could be something tricky — inside and outside the crypto world. Most of the time, the process is quite simple: someone offers you something (physical or digital) that you need in exchange for a price. You usually pay that price with a certain amount of money, receive your goods or services, and that’s it. But a lot of things could go wrong with that, especially if all the process is digital. Scams are, sadly, very common in all places. Some malicious actors could offer you fake or damaged products; or simply send your package to the wrong recipient, for example. If you have already paid for it, then what happens with your money? Is it lost forever? It shouldn’t be like that, right? That’s what conditional payments are for. By binding a digital payment to a specific condition, anyone could recover their money in the case that condition (like receiving a package or losing a bet) isn’t met during a reasonable period. Obyte Wallet offers this function in a user-friendly way, without any coding. — Bound Payments in Obyte - Users who want to make a bound payment only need to have an Obyte wallet and, if you need some data from the physical world, also the address of a native Oracle. Oracles are services that provide external (off-chain) information to the distributed ledger. In other words, they post real-world data on the DAG, which allows any individual or smart contract to consult that data and a...




Educational Byte: The Difference Between Cryptocurrencies, Tokens, and Securities

In 2008, a mysterious character or group known as Satoshi Nakamoto introduced the world to a new form of money: Bitcoin (BTC). This innovative cryptocurrency concept forever changed how we think about money and technology. Since then, crypto has evolved to create different kinds of tokens with surprising uses and utilities. Let’s discuss here some common concepts and their differences: tokens, currencies, and crypto securities. Terms like coins, tokens, and cryptocurrencies could be used freely to name the same type of digital assets. It’ll depend entirely on the context, but this guide could help you to identify the most common ways to differentiate cryptoasssets. Note however that the distinctions between the terms described below are not universally accepted, although this way of differentiating between them seems to be quite common. — Cryptocurrencies vs. Crypto Tokens - Let’s start with the basics. A cryptocurrency is a digital value unit generally built on its own independent distributed ledger. They have their own network and a protocol to validate and record transactions. For example, Bitcoin (BTC) has its own ledger with the same name, and ether (ETH) has its Ethereum blockchain. Meanwhile, GBYTE runs on the Obyte Directed Acyclic Graph (DAG), another type of distributed ledger. Now, beyond the crypto “currencies”, there are other types of digital assets, such as crypto tokens. They’re crypto coins...




Crypto Governance and Obyte: Who Decides and What?

Imagine a world where no one has the power to control your money. A world in which the game’s rules are decided by all those who participate in it, without intermediaries. Lovely, isn’t it? But how could millions agree on managing money if it’s already difficult among a few? The concept of decentralized governance, the focus of this article, could answer that question. Governance is about making decisions regarding the development and operations of a project. That ‘project’ could be an entire financial system. To understand how governance works in the crypto industry, we have to first understand a few concepts. — Decentralized Governance Models - First of all, we have the opposition between decentralization and centralization. That world mentioned earlier is only possible under the decentralized model. This concept is popular in the industry, and probably you’ve heard about it. Decentralization is the process of distributing and dispersing the power of a central authority. On the other hand, the centralized model is the one we see in traditional institutions. Behind them, a private company, an agency, a third-party organization, or a state regulates, controls, and/or manipulates the system. Two other important concepts are on-chain and off-chain governance. On-chain governance allows (as you probably guessed) all decisions to take place within the distributed ledger system. To make this possible, there are s...




Decentralization Ladder: From Fiat to Blockchains, and to DAGs

Decentralization is a broad concept that can be applied to numerous fields. We’re going to focus on the financial sector, and, especially, on the crypto industry. To make it short, a decentralized system is one formed by multiple parties/devices taking their own decisions while following certain rules to reach a common goal (consensus). Vitalik Buterin (Ethereum founder), divided the concept into three types: architectural, political, and logical. It’s very rare for a blockchain or DAG to have the three types at the same time since they indicate very different things. Architectural decentralization refers to multiple machines/devices working for the network. Political decentralization goes beyond the machines: it’s about how many parties (individuals or institutions) control those devices. Finally, logical decentralization implies that the software/system can be cut out into numerous parts and still work. According to Buterin:“Blockchains are politically decentralized (no one controls them) and architecturally decentralized (no infrastructural central point of failure) but they are logically centralized (there is one commonly agreed state and the system behaves like a single computer).” Traditional money (fiat) is, of course, politically centralized everywhere. In the end, that’s maybe the most important aspect of decentralization: snatch total control from a single party or central authority. — Centralizat...




World Community Grid: +59.1 Billion Charity Points From Obyte | HackerNoon

In 2018, Obyte joined the World Community Grid (WCG) to help good causes — and distribute rewards to our users. The WCG is a charitable digital project started back in 2004 by the tech giant IBM. In 2021, its assets were transferred to Krembil Research Institute, part of the University Health Network (UHN). In a few words, it lets anyone, everywhere, donate their spare computing power for scientific research purposes. By using all the energy that WCG provides, numerous scientists can quickly analyze large packs of data and make simulations of events and treatments. For example, evaluating a candidate protein that could be an effective treatment for COVID-19. This kind of research includes so many variants and data that it would take decades with only the computing power that could be provided by researchers. medium.com Volunteers from all over the world are reducing this humanitarian research to only months by donating their idle power. So far, the WCG has helped to find effective treatments for Zika, dengue, malaria, neuroblastoma cancer cells, HIV/AIDS, and other illnesses. Likewise, they’ve found new materials and methods to provide clean energy and water. They have “published over 35 peer-reviewed papers in scientific journals and have completed millions of CPU-years of computation in less than a decade”. All of this was possible thanks to over 808,000 users with 7.6 million devices, organized in 5,000 teams....



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