Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
1 million, has 6 zeroes, like this. 1 000 000
1 billion has 9 zeroes, like this, 1 000 000 000
1 050 000 000 is 1 billion and 50 million bytes. Instead of saying/writing all those zeroes, you can use decimals, like 1.05GB.
1 byte is 1. Instead of saying million bytes we say megabytes, mega is scientific notation for million, and giga, for billion. 1 byte is almost useless as the transaction fee is usually around 540 bytes.
For 1BTC you will receive 62 500 000 bytes.
1 billion has 9 zeroes, like this, 1 000 000 000
1 050 000 000 is 1 billion and 50 million bytes. Instead of saying/writing all those zeroes, you can use decimals, like 1.05GB.
1 byte is 1. Instead of saying million bytes we say megabytes, mega is scientific notation for million, and giga, for billion. 1 byte is almost useless as the transaction fee is usually around 540 bytes.
For 1BTC you will receive 62 500 000 bytes.
For 1 linked BTC (because you don't invest) will receive 62.5 MB (Megabyte) where 1 MB = 1 000 KB (Kilobytes) = 1 000 000 byte.
For each byte you have, you will receive 0.1 byte (+0.21111 blackbyte if your bytes are on linked byteball addresses).
What is traded for the time being is GB (Gigabyte) where 1 GB = 1 000 MB. For the time being 1 GB trades for around 0.08 BTC.
For each byte you have, you will receive 0.1 byte (+0.21111 blackbyte if your bytes are on linked byteball addresses).
What is traded for the time being is GB (Gigabyte) where 1 GB = 1 000 MB. For the time being 1 GB trades for around 0.08 BTC.
Thank you guys for the explanation, appreciate your time and assistance. Now I will know that for sure. I guess I will have more stupid questions later on
and it's good that other members can help.