ObyteGBYTE
$55.5
Market/Exchange
GBYTE Price Prediction and Price Movement
GBYTE is up 154.73 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of GBYTE can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, GBYTE has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on GBYTE's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Obyte Price Chart
About Obyte
Launched on Dec 25, 2016, Obyte is a distributed ledger based on directed acyclic graph (DAG). The team claims that due to the absence of blocks and miners, access to Obyte ledger is decentralized, disintermediated, free (as in freedom), equal, and open.
Obyte claims to be the first DAG-based cryptocurrency platform to support dApps. Due to the absence of miners and blocks, the team claims that 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.
The team believes that Obyte is especially well suited for DeFi apps; some are already available on the platform, such as Bonded Stablecoins (https://ostable.org), while 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.