What is ArtByte?

"ArtByte (formerly AppleByte) is a person to person digital currency. With artbytes, art lovers can now support their favorite artists directly. When a fan sees an artist’s work they appreciate, instead of just liking or faving them, fans can give them ArtBytes (which can then be converted to cash, used at restaurants, concerts, movies, theaters, etc).

Just like at your bank, your account balance and transactions are stored on a server. But, as a digital currency, ArtByte’s account data resides on a peer-to-peer (computer-to-computer) network that consists of all the computers logged into the network. These computer “nodes” are paid with ArtBytes for contributing their computer power to the network. This process is called mining."

-ArtByte.me
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General

TICKER SYMBOLS
ABY
AGE
5 years old (March 06, 2014)
CURRENT PRICE
$0.00113
Updated 5 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$0.048089
Last year
CIRCULATING SUPPLY
792,537,250 coins
Updated 25 seconds ago via coinmarketcap.com
MARKET CAP
$895,686
Updated 2 minutes ago
FOUNDER
Mike Cabaniss

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (1,000,000,000 coins)
PRE-MINED / RESERVED
Yes (250,000,000 coins)
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
2m
CURRENT BLOCK REWARD
3.125 coins
HASHING ALGORITHM
Scrypt

Categories

Payments

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