Obyte (GBYTE)
Rank #1317
Market snapshot
- Price
- N/A
- Market cap
- N/A
- 24h volume
- N/A
- Circulating supply
- N/A
- Total supply
- N/A
- Max supply
- N/A
What is Obyte?
Obyte is designed to facilitate a decentralized environment where users can express their beliefs without fear of coercion. It operates on a DAG based network, allowing users to add transactions directly without intermediaries, which contrasts with traditional blockchain systems that rely on block producers.
How Obyte works
Obyte utilizes a DAG structure, enabling users to add their transactions directly to the network. This approach minimizes the need for intermediaries and aims to reduce centralization of power. While Obyte strives for decentralization, it acknowledges that some block producers may still hold influence over transaction validation and production, potentially leading to collusion or censorship.
Key information
- Symbol
- GBYTE
- CMC rank
- #1317
- Network / platforms
BNB Chain, Ethereum, Kava, Polygon
- Categories
- N/A
- Date added
- Dec 27, 2016
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
BNB Chain
0xeb34De0C4B2955CE0ff1526CDf735c9E6d249D09Ethereum
0x31F69dE127C8A0fF10819C0955490a4Ae46fcc2aKava
0x0b93109d05ef330acd2c75148891cc61d20c3ef1
Key characteristics
Obyte is open-source, allowing developers to contribute to its ecosystem. The network is designed to minimize the concentration of power, promoting individual autonomy. Obyte also offers tools and building blocks for developers to create applications within its ecosystem.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Obyte?
- Obyte (GBYTE) is a cryptocurrency that operates on a DAG based network, allowing users to express their beliefs freely without fear of coercion.
- How does Obyte work?
- Obyte uses a DAG structure, enabling users to add transactions directly to the network without intermediaries, which reduces centralization of power.
- What are the technical characteristics of Obyte?
- Obyte is open-source and designed to minimize the concentration of power, promoting individual autonomy within its ecosystem.
- What are the risks associated with Obyte?
- Digital asset prices can be volatile, and users should verify addresses and custody methods to mitigate risks.
- How can I verify Obyte before acquiring it?
- Verify the asset name, network, and contract details before transferring assets.
- Where can I find official resources for Obyte?
- Official resources for Obyte can be found on their website and GitHub repository.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
