DigiByte Achieves Market Capitalization of $138.65 Million (DGB)

DigiByte (DGB) traded down 0.6% against the U.S. dollar during the 24 hour period ending at 10:00 AM Eastern on March 22nd. One DigiByte coin can currently be purchased for about $0.0079 or 0.00000009 BTC on popular exchanges. DigiByte has a market capitalization of $138.65 million and $2.86 million worth of DigiByte was traded on exchanges in the last day. In the last seven days, DigiByte has traded down 4.6% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• Arweave (AR) traded up 9.7% against the dollar and now trades at $7.19 or 0.00008542 BTC.
• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $84,164.82 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.5% higher against the dollar and now trades at $0.17 or 0.00000200 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $9.71 or 0.00011535 BTC.
• Litecoin (LTC) traded down 1.5% against the dollar and now trades at $91.26 or 0.00108428 BTC.
• Bitcoin Cash (BCH) traded down 1.6% against the dollar and now trades at $323.86 or 0.00384797 BTC.
• Monero (XMR) traded up 3% against the dollar and now trades at $215.44 or 0.00255971 BTC.
• Ethereum Classic (ETC) traded up 1.8% against the dollar and now trades at $17.90 or 0.00021272 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 0.1% against the dollar and now trades at $33.78 or 0.00040137 BTC.

DigiByte Coin Profile

DigiByte is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It launched on January 12th, 2014. DigiByte’s total supply is 17,597,126,557 coins. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. DigiByte’s official message board is dgbforum.com. DigiByte’s official website is digibyte.org. The Reddit community for DigiByte is https://reddit.com/r/digibyte and the currency’s Github account can be viewed here.

According to CryptoCompare, “A coin that has adopted the Bitcoin “21” figure but increased the supply to 21 billion – with over 5 algorithms to mine with (Scryt, Sha-256, Qubit, Skein, Groestl)  – in order to keep mining local and in the hands of many. A 60 second block target, a 0.5% premine and a block retarget every 2.4 hrs or 244 blocks.DigiByte: Refers to the entire DigiByte network or a single monetary unit on the payment network. 21 billion DigiBytes will be created over 21 years.Block: A grouping of all transactions sent over the DigiByte network within a 30 second time frame. Think of a block as an excel spreadsheet that lists the address location of all DigiBytes at a given point in time in history. New DigiBytes are brought into circulation as each block is discovered on the network through a process called mining.Mining: Mining is how transactions are processed on the network. Anyone can become a miner by donating and using their desktop, laptop or mobile phone computing power to help process transactions on the DigiByte network.  DigiByte has made this process even easier with our 3 click mining software for beginners.Blockchain: The DigiByte blockchain is the entire history of all blocks discovered on the network & therefore all transactions made on the network. Each block references the proceeding block all the way back to the beginning of the network to what is known as the genesis block. By linking blocks (spreadsheets) together an accurate, secure accounting of all up to date DigiByte ownership is made by decentralized consensus.”

Buying and Selling DigiByte

It is usually not possible to buy alternative cryptocurrencies such as DigiByte directly using U.S. dollars. Investors seeking to acquire DigiByte should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy DigiByte using one of the exchanges listed above.

DGB/USD price chart by TradingView