How It Works

AppleByte is a person to person digital currency. With applebytes, 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 AppleBytes (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, AppleByte’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 AppleBytes for contributing their computer power to the network. This process is called mining.

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