DigiByte 1-Day Volume Reaches $5.71 Million (DGB)

DigiByte (DGB) traded up 10.2% against the U.S. dollar during the 1-day period ending at 7:00 AM Eastern on July 27th. DigiByte has a total market capitalization of $66.66 million and $5.71 million worth of DigiByte was traded on exchanges in the last 24 hours. During the last seven days, DigiByte has traded up 4.9% against the U.S. dollar. One DigiByte coin can now be purchased for approximately $0.0037 or 0.00000006 BTC on exchanges.

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

• Arweave (AR) traded 0% higher against the dollar and now trades at $1.86 or 0.00002866 BTC.
• Bitcoin (BTC) traded 1% higher against the dollar and now trades at $65,060.06 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.9% against the dollar and now trades at $0.0726 or 0.00000112 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $9.71 or 0.00014927 BTC.
• Zcash (ZEC) traded 2% higher against the dollar and now trades at $502.67 or 0.00772621 BTC.
• Monero (XMR) traded down 3.4% against the dollar and now trades at $351.87 or 0.00540833 BTC.
• Bitcoin Cash (BCH) traded up 3.6% against the dollar and now trades at $218.47 or 0.00335802 BTC.
• Litecoin (LTC) traded 0.3% lower against the dollar and now trades at $46.99 or 0.00072219 BTC.
• Ethereum Classic (ETC) traded 0.4% higher against the dollar and now trades at $7.01 or 0.00010781 BTC.
• NyanCoin (NYAN) traded down 2.2% 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. Its genesis date was January 8th, 2014. DigiByte’s total supply is 18,399,711,670 coins and its circulating supply is 18,080,540,706 coins. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. DigiByte’s official website is digibyte.org. The official message board for DigiByte is medium.com/@digibyte_official. 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. Telegram, Facebook, LinkedIn, Instagram, YouTubeWhitepaper”

Buying and Selling DigiByte

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

DGB/USD price chart by TradingView