DigiByte Market Capitalization Reaches $546.85 Million (DGB)

DigiByte (CURRENCY:DGB) traded 14% lower against the dollar during the 1-day period ending at 11:00 AM ET on January 21st. In the last seven days, DigiByte has traded 39% lower against the dollar. DigiByte has a total market cap of $546.85 million and $14.80 million worth of DigiByte was traded on exchanges in the last 24 hours. One DigiByte coin can currently be bought for approximately $0.0562 or 0.00000496 BTC on popular exchanges including Kucoin, Cryptopia, Bittrex and HitBTC.

Here’s how other cryptocurrencies have performed in the last 24 hours:

  • Bitcoin (BTC) traded 11.2% lower against the dollar and now trades at $11,408.20 or 1.00000000 BTC.
  • Ethereum (ETH) traded 9.6% lower against the dollar and now trades at $1,036.59 or 0.09138260 BTC.
  • Bitcoin Cash (BCH) traded down 9% against the dollar and now trades at $1,740.88 or 0.15347100 BTC.
  • Litecoin (LTC) traded 10.3% lower against the dollar and now trades at $186.18 or 0.01641280 BTC.
  • Monero (XMR) traded down 15.4% against the dollar and now trades at $336.77 or 0.02968850 BTC.
  • Bitcoin Gold (BTG) traded 14.4% lower against the dollar and now trades at $195.69 or 0.01725160 BTC.
  • Ethereum Classic (ETC) traded 14.2% lower against the dollar and now trades at $29.70 or 0.00261832 BTC.
  • RaiBlocks (XRB) traded down 10.6% against the dollar and now trades at $17.27 or 0.00152284 BTC.
  • Zcash (ZEC) traded down 12.9% against the dollar and now trades at $481.39 or 0.04243770 BTC.
  • Verge (XVG) traded 8.2% lower against the dollar and now trades at $0.10 or 0.00000893 BTC.

DigiByte Profile

DGB is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It launched on January 10th, 2014. DigiByte’s total supply is 9,729,147,190 coins. The Reddit community for DigiByte is /r/Digibyte and the currency’s Github account can be viewed here. The official website for DigiByte is www.digibyte.io. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible 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

DigiByte can be purchased on these cryptocurrency exchanges: CoinExchange, Poloniex, alcurEX, Cryptopia, Bittrex, Bit-Z, LiteBit.eu, Livecoin, HitBTC, OKEx, Upbit, Trade Satoshi, CryptoBridge, Bittylicious, YoBit, Coinhouse and Kucoin. It is not currently possible to purchase DigiByte directly using U.S. dollars. Investors seeking to acquire DigiByte must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase DigiByte using one of the aforementioned exchanges.

Receive News & Updates for DigiByte Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for DigiByte and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.

Leave a Reply