The Obyte price is currently $ 22.24 with a 24-hour trading volume of $ 3,699.96 across 5 exchanges. The GBYTE price is down -1.63% in the last 24 hours. Obyte reached its highest price on January 14, 2018, when it was trading at its all-time high of $ 1,246.52. It has a circulating supply of 739,529 GBYTE with a total supply of 1.00M GBYTE.

Obyte (GBYTE) is a decentralized database and cryptocurrency known as Bytes that does not use a blockchain like most cryptocurrencies. Byteball works by linking previous transactions with new ones, signing the hashes to form what’s known as a Directed Acyclic Graph. Byteball is intended as a means of transferring assets on a network or as a decentralized database. Transaction fees on the network are paid in Bytes. Byteball is novel, not only in dispensing with a blockchain, but also in launching without an ICO. While Byteball has come in for criticism by some detractors, the concept undoubtedly has its benefits including fast and irreversible transactions. There is a number of additional features that come with Byteball including blackbytes which is the name for tokens used to send untraceable payments which aren’t recorded in the public database.