DigiByte Trading 12.7% Higher This Week (DGB)

DigiByte (DGB) traded down 0.7% against the dollar during the one day period ending at 11:00 AM Eastern on March 19th. One DigiByte coin can now be bought for approximately $0.0099 or 0.00000036 BTC on major cryptocurrency exchanges. DigiByte has a total market cap of $158.30 million and $4.86 million worth of DigiByte was traded on exchanges in the last 24 hours. Over the last week, DigiByte has traded 12.7% higher against the dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $27,598.98 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 2.1% against the dollar and now trades at $0.0751 or 0.00000272 BTC.
• Litecoin (LTC) traded down 1.5% against the dollar and now trades at $85.15 or 0.00308531 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $3.36 or 0.00012158 BTC.
• Ethereum Classic (ETC) traded down 2.9% against the dollar and now trades at $21.30 or 0.00077174 BTC.
• Monero (XMR) traded up 4.3% against the dollar and now trades at $157.48 or 0.00570619 BTC.
• Bitcoin Cash (BCH) traded up 1.2% against the dollar and now trades at $136.15 or 0.00493330 BTC.
• DEI (DEI) traded up 0.4% against the dollar and now trades at $0.20 or 0.00000718 BTC.
• Conflux (CFX) traded down 0.8% against the dollar and now trades at $0.40 or 0.00001450 BTC.
• Pax Dollar (USDP) traded down 0.1% against the dollar and now trades at $1.00 or 0.00003606 BTC.

DigiByte Coin Profile

DGB is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. Its launch date was January 12th, 2014. DigiByte’s total supply is 16,096,220,243 coins and its circulating supply is 15,982,303,652 coins. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. DigiByte’s official message board is dgbforum.com. The Reddit community for DigiByte is https://reddit.com/r/digibyte and the currency’s Github account can be viewed here. DigiByte’s official website 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.”

DigiByte Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as DigiByte directly using US dollars. Investors seeking to acquire DigiByte should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. 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