Byteball (GBYTE) soars 0.37% on February 13-14

It was good day for Byteball (GBYTE), as it jumped by $0.115395840000001 or 0.37%, touching $31.09917888. Global Cryptocoin Experts believe that Byteball (GBYTE) is looking for the $34.209096768 goal. According to 6 analysts could reach $73.115013494555. The highest price was $31.54994388 and lowest of $30.98378304 for February 13-14. The open was $30.98378304. It last traded at BitTrex exchange.

For a month, Byteball (GBYTE) tokens went up 8.81% from $28.58 for coin. For 100 days GBYTE is down -30.86% from $44.98. It traded at $146.59 200 days ago. Byteball (GBYTE) has 679,008 coins mined with the market cap $21.12 million. It has 1.00 million coins in circulation. It was founded on 25/12/2016. The Crypto GBYTE has proof type and operates under algorithm.

Byteball is a decentralized database with it’s own native cryptocurrency, Bytes, that unlike most does not require PoW or PoS mining and does not have a blockchain nor blocks. Instead, Byteball links transactions by signing the hashes from the previous transactions on the new one. These links between transactions form a DAG (Directed Acyclic Graph). Since Byteball has no blocks, there is no block size issue.

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 data base that allows users to store information within it. Byteball’s currency, Bytes, are used to pay transaction fees in this network. Transactions can be meant to exchange value or to store any type of data. The transaction fees (Bytes) are relative to the Bytes used in the transaction, so if a transaction uses 500 Bytes, that’s the tx fee that will be charged. This system gives the currency intrinsic value, each Byte is worth a byte of information that is stored on the network, which alows the system to scale according to its use.

1 GBYTE equals 1000000000 BYTES