DigiByte (DGB) Hits 1-Day Volume of $2.86 Million

DigiByte (DGB) traded down 0.6% against the US dollar during the twenty-four hour period ending at 10:00 AM E.T. on March 22nd. One DigiByte coin can now be bought for approximately $0.0079 or 0.00000009 BTC on cryptocurrency exchanges. DigiByte has a market capitalization of $138.65 million and approximately $2.86 million worth of DigiByte was traded on exchanges in the last 24 hours. Over the last week, DigiByte has traded down 4.6% against the US dollar.

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

• Arweave (AR) traded up 9.7% against the dollar and now trades at $7.19 or 0.00008542 BTC.
• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $84,164.82 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.5% against the dollar and now trades at $0.17 or 0.00000200 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $9.71 or 0.00011535 BTC.
• Litecoin (LTC) traded down 1.5% against the dollar and now trades at $91.26 or 0.00108428 BTC.
• Bitcoin Cash (BCH) traded down 1.6% against the dollar and now trades at $323.86 or 0.00384797 BTC.
• Monero (XMR) traded 3% higher against the dollar and now trades at $215.44 or 0.00255971 BTC.
• Ethereum Classic (ETC) traded 1.8% higher against the dollar and now trades at $17.90 or 0.00021272 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 0.1% against the dollar and now trades at $33.78 or 0.00040137 BTC.

DigiByte Coin Profile

DigiByte (DGB) is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It launched on January 12th, 2014. DigiByte’s total supply is 17,597,126,557 coins. The Reddit community for DigiByte is https://reddit.com/r/digibyte and the currency’s Github account can be viewed here. The official website for DigiByte is digibyte.org. The official message board for DigiByte is dgbforum.com. 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

It is usually not 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 Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase DigiByte using one of the exchanges listed above.

DGB/USD price chart by TradingView