DigiByte Trading 4.3% Higher This Week (DGB)

DigiByte (DGB) traded up 1.1% against the US dollar during the 24-hour period ending at 7:00 AM E.T. on July 15th. Over the last week, DigiByte has traded 4.3% higher against the US dollar. One DigiByte coin can now be bought for $0.0025 or 0.00000004 BTC on major cryptocurrency exchanges. DigiByte has a total market capitalization of $45.74 million and approximately $2.95 million worth of DigiByte was traded on exchanges in the last day.

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

• Arweave (AR) traded up 3.2% against the dollar and now trades at $1.99 or 0.00003072 BTC.
• Bitcoin (BTC) traded 3% higher against the dollar and now trades at $64,672.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.1% higher against the dollar and now trades at $0.0738 or 0.00000114 BTC.
• Zcash (ZEC) traded 12.4% higher against the dollar and now trades at $572.07 or 0.00884570 BTC.
• UNUS SED LEO (LEO) traded up 2.4% against the dollar and now trades at $9.79 or 0.00015140 BTC.
• Monero (XMR) traded up 1% against the dollar and now trades at $327.79 or 0.00506843 BTC.
• Bitcoin Cash (BCH) traded 1.1% lower against the dollar and now trades at $235.03 or 0.00363411 BTC.
• Litecoin (LTC) traded 3.8% higher against the dollar and now trades at $45.37 or 0.00070152 BTC.
• Ethereum Classic (ETC) traded 2.7% higher against the dollar and now trades at $7.05 or 0.00010899 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

DigiByte Profile

DGB is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. Its launch date was January 8th, 2014. DigiByte’s total supply is 18,381,908,447 coins and its circulating supply is 18,080,540,706 coins. The official message board for DigiByte is medium.com/@digibyte_official. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. The official website for DigiByte is digibyte.org. 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 buy alternative cryptocurrencies such as DigiByte directly using US dollars. Investors seeking to trade DigiByte should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy DigiByte using one of the exchanges listed above.

DGB/USD price chart by TradingView