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.

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L'attuale capitalizzazione di mercato di Obyte è 1,921 Mln €. Una capitalizzazione di mercato elevata implica che il mercato attribuisce una valutazione elevata all'asset.

Il massimo storico di Obyte è 1032,43 €. Questo massimo storico è il prezzo più elevato pagato per Obyte dal suo lancio.

Nelle ultime 24 ore, il volume di negoziazione di Obyte è stato pari a 6287,782 €.

Gli asset che hanno una capitalizzazione di mercato simile a Obyte includono Serum, LABUBU SOL, LIBRA e molte altre. Per visualizzare un elenco completo, consulta la pagina asset con capitalizzazione di mercato comparabili.

La quantità di Obyte attualmente in circolazione è 910 mila.