DigiByte (DGB) Tops 24 Hour Volume of $3.39 Million

DigiByte (DGB) traded 6% lower against the US dollar during the 24-hour period ending at 8:00 AM E.T. on August 28th. DigiByte has a total market cap of $84.92 million and $3.39 million worth of DigiByte was traded on exchanges in the last day. One DigiByte coin can currently be purchased for $0.0047 or 0.00000006 BTC on major exchanges. Over the last seven days, DigiByte has traded up 9.7% against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Arweave (AR) traded 2.7% lower against the dollar and now trades at $2.13 or 0.00002678 BTC.
• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $79,631.21 or 1.00000000 BTC.
• Zcash (ZEC) traded 2.6% higher against the dollar and now trades at $806.07 or 0.01012255 BTC.
• Dogecoin (DOGE) traded 1.7% lower against the dollar and now trades at $0.0870 or 0.00000109 BTC.
• Monero (XMR) traded 0.6% higher against the dollar and now trades at $472.54 or 0.00593410 BTC.
• UNUS SED LEO (LEO) traded up 1.3% against the dollar and now trades at $9.45 or 0.00011865 BTC.
• Bitcoin Cash (BCH) traded down 1.7% against the dollar and now trades at $264.66 or 0.00332355 BTC.
• Litecoin (LTC) traded 1.7% lower against the dollar and now trades at $49.04 or 0.00061578 BTC.
• Ethereum Classic (ETC) traded down 1.5% against the dollar and now trades at $7.70 or 0.00009675 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

DigiByte Coin Profile

DGB is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It was first traded on January 8th, 2014. DigiByte’s total supply is 18,446,912,751 coins and its circulating supply is 18,080,540,706 coins. 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. DigiByte’s official message board is medium.com/@digibyte_official. 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. Telegram, Facebook, LinkedIn, Instagram, YouTubeWhitepaper”

Buying and Selling DigiByte

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

DGB/USD price chart by TradingView