DigiByte (DGB) Market Capitalization Tops $199.34 Million

DigiByte (DGB) traded down 7.6% against the US dollar during the one day period ending at 10:00 AM E.T. on January 13th. During the last week, DigiByte has traded 23.4% lower against the US dollar. One DigiByte coin can now be bought for $0.0114 or 0.00000012 BTC on major exchanges. DigiByte has a market cap of $199.34 million and $6.58 million worth of DigiByte was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 2.8% lower against the dollar and now trades at $92,392.29 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.2% lower against the dollar and now trades at $0.33 or 0.00000353 BTC.
• UNUS SED LEO (LEO) traded 1% lower against the dollar and now trades at $9.23 or 0.00009987 BTC.
• Bitcoin Cash (BCH) traded 7.3% lower against the dollar and now trades at $417.96 or 0.00452381 BTC.
• Litecoin (LTC) traded down 5.7% against the dollar and now trades at $96.83 or 0.00104807 BTC.
• Monero (XMR) traded 2.4% lower against the dollar and now trades at $199.69 or 0.00216135 BTC.
• Ethereum Classic (ETC) traded 5.6% lower against the dollar and now trades at $24.01 or 0.00025990 BTC.
• IOTA (MIOTA) traded 5.5% lower against the dollar and now trades at $0.32 or 0.00000342 BTC.
• Bitcoin SV (BSV) traded down 6.9% against the dollar and now trades at $52.77 or 0.00057115 BTC.
• Arweave (AR) traded down 5.9% against the dollar and now trades at $14.84 or 0.00016065 BTC.

DigiByte Profile

DigiByte is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It was first traded on January 12th, 2014. DigiByte’s total supply is 17,474,556,077 coins. The Reddit community for DigiByte is https://reddit.com/r/digibyte and the currency’s Github account can be viewed here. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. DigiByte’s official message board is dgbforum.com. The official website for DigiByte is digibyte.org.

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 presently possible to purchase alternative cryptocurrencies such as DigiByte directly using U.S. dollars. Investors seeking to trade DigiByte should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase DigiByte using one of the aforementioned exchanges.

DGB/USD price chart by TradingView