Byteball Bytes (GBYTE) attracted positive attention while the rest of the market remained in the red today. The GBYTE coin… read more
What is Byteball Bytes?
Byteball's currency, Bytes, are used to pay transaction fees in this network. 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. 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.
Byteball Bytes News
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