Bytecent (CURRENCY:BYC) traded flat against the US dollar during the 24-hour period ending at 8:00 AM Eastern on November 4th. Bytecent has a market cap of $134,136.00 and approximately $0.00 worth of Bytecent was traded on exchanges in the last 24 hours. One Bytecent coin can now be bought for approximately $0.0568 or 0.00000883 BTC on cryptocurrency exchanges. In the last seven days, Bytecent has traded 18.8% lower against the US dollar.
Here is how other cryptocurrencies have performed in the last 24 hours:
- APIS (APIS) traded down 0.5% against the dollar and now trades at $0.0032 or 0.00000051 BTC.
- Ripio Credit Network (RCN) traded 7.3% lower against the dollar and now trades at $0.0315 or 0.00000494 BTC.
- Bismuth (BIS) traded 2% lower against the dollar and now trades at $0.67 or 0.00010499 BTC.
- Elastic (XEL) traded down 1% against the dollar and now trades at $0.0716 or 0.00001125 BTC.
- MARK.SPACE (MRK) traded 4.7% lower against the dollar and now trades at $0.0083 or 0.00000130 BTC.
- Banyan Network (BBN) traded up 0.6% against the dollar and now trades at $0.0073 or 0.00000115 BTC.
- Acute Angle Cloud (AAC) traded up 0.8% against the dollar and now trades at $0.0086 or 0.00000135 BTC.
- POPCHAIN (PCH) traded 4.8% lower against the dollar and now trades at $0.0062 or 0.00000097 BTC.
- Vezt (VZT) traded down 17.4% against the dollar and now trades at $0.0275 or 0.00000432 BTC.
- MIB Coin (MIB) traded down 16.3% against the dollar and now trades at $0.0410 or 0.00000644 BTC.
According to CryptoCompare, “Proof of Bytecent is an innovative earning system that employs captcha technology to limit network abuses while keeping the earning process tangible. POB requires workers to enter a human readable captcha code every sixty minutes to maintain the earning process without interruption. POB time can be extended without entering the captcha code by storing x amount of coins in the local wallet. For example, If 25 Bytecent are required to extend POB time for one hour, a worker will need a total of 575 Bytecent stored in his/her local wallet to extend POB time for a total of 24 hours. Bytecent utilized for POB can be used anytime and are not locked from being spent like with Proof of Stake coins. The number of coins required to extend POB time is based on numerous factors including current price, total volume, and demand. 1.POB renders botnets ineffective, while dramatically reducing the effectiveness of mining farms. 2.POB generates demand for Bytecent while keeping the available Bytecent in circulation low. 3.Workers are rewarded by storing more Bytecent in their local wallets. 4.Sell pressure from workers and merchant dumping is significantly reduced. 5.Fewer Bytecent are stored on exchanges and other centralized platforms. “
Buying and Selling Bytecent
Bytecent can be bought or sold on these cryptocurrency exchanges: Bittrex. It is usually not possible to buy alternative cryptocurrencies such as Bytecent directly using US dollars. Investors seeking to acquire Bytecent should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bytecent using one of the aforementioned exchanges.
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