DigiByte (DGB) Reaches One Day Volume of $2.45 Million

DigiByte (DGB) traded down 4.1% against the U.S. dollar during the 24-hour period ending at 20:00 PM Eastern on October 2nd. One DigiByte coin can now be purchased for about $0.0062 or 0.00000010 BTC on cryptocurrency exchanges. In the last seven days, DigiByte has traded down 10.9% against the U.S. dollar. DigiByte has a market capitalization of $106.74 million and $2.45 million worth of DigiByte was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.2% lower against the dollar and now trades at $60,687.40 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.2% lower against the dollar and now trades at $0.10 or 0.00000173 BTC.
• Bitcoin Cash (BCH) traded 0.7% lower against the dollar and now trades at $316.11 or 0.00520877 BTC.
• UNUS SED LEO (LEO) traded down 2.9% against the dollar and now trades at $5.80 or 0.00009556 BTC.
• Litecoin (LTC) traded down 0.9% against the dollar and now trades at $62.88 or 0.00103621 BTC.
• Ethereum Classic (ETC) traded down 2.6% against the dollar and now trades at $17.97 or 0.00029608 BTC.
• Monero (XMR) traded 5.6% lower against the dollar and now trades at $136.65 or 0.00225164 BTC.
• Arweave (AR) traded down 5.2% against the dollar and now trades at $18.45 or 0.00030406 BTC.
• Bitcoin SV (BSV) traded down 1.2% against the dollar and now trades at $44.66 or 0.00073595 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

DigiByte Coin Profile

DigiByte 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 17,283,556,093 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. DigiByte’s official message board 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.”

DigiByte Coin Trading

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