What is Byteball Bytes(GBYTE)?
Byteball (GBYTE) is a peer to peer, anonymous, decentralized smart payment system which utilizes blockchain technology and has its native currency called byte. Byteball can be used as a means to transfer value between users in a transaction, either with Bytes or assets that can be issued on the network or as a decentralized database that allows users to store information within it. Byteball’s currency, Bytes, is used to pay transaction fees in this network.
Byteball Bytes(GBYTE): History
Blackbytes is the name of one, the first, defined private asset in Byteball. The network was launched on 25 December 2016 when the first coin distribution took place as well. The 10% of the total supply of Byteball were distributed, and over 70,000 BTC were received by the company during the offer period.
In 8 more rounds of selling in 2017 (one in every month), the company sold 48.4% more coins.
How does Byteball Bytes(GBYTE) work?
The currency and the transaction of Byteball work just like a traditional cryptocurrency like Bitcoin or Ethereum where users can initiate a payment by mentioning the wallet address of the receiver and the amount to be transferred.
However, Byteball offers conditional payment where the users can set up a condition, and the receiver will receive the fund upon meeting the condition. As it is a conditional payment, it can be extended to future-based events as well, like the outcome of a game or even insurance (where the risk covered might or might not come true).
Everything is managed in a P2P environment, and the network only deducts the transaction charges.
How to buy Byteball Bytes(GBYTE)?
Last but not least, every cryptocurrency needs some wallet software. The Byteball wallet has a slick user interface that is well thought out and a pleasure to use. Then, name the wallet and should not forget the password you created.The wallet is also available for download from GitHub and features a peer-to-peer exchange where you can sell Bytes and BTC.
The users can buy or trade GBYTE in the cryptocurrency exchanges like Cryptopia, Bittrex, etc.. Most cryptocurrency exchanges do not allow you to exchange NOK for GBYTE. On those exchanges, you’ll have to first purchase a major cryptocurrency such as Bitcoin (BTC) or Ethereum (ETH) before exchanging it for GBYTE.
Byteball Bytes(GBYTE) Price prediction 2018
GBYTE can be a profitable investment option. Byteball Bytes price equal to 725.653 USD at 2018-01-23. If you buy Byteball Bytes for 100 dollars today, you will get a total of 0.138 GBYTE. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-17 is 3929.249 US Dollars. With a 5-year investment, the revenue is expected to be around +441.48%. Your current $100 investment may be up to $541.48 in 2022. GBYTE price today is $740.74 and have the current supply of 645,222 GBYTE. The market cap value is $477,939,203 and the volume is marked as $2,321,320. Byteball Bytes price chart, Byteball Bytes history, Byteball Bytes history, where to buy Byteball Bytes, how to buy Byteball Bytes, Byteball Bytes mining, Byteball Bytes exchanges, Byteball Bytes wallets.