DigiByte Self Reported Market Cap Tops $67.88 Million (DGB)

DigiByte (DGB) traded 1.7% lower against the US dollar during the one day period ending at 8:00 AM Eastern on May 8th. DigiByte has a total market capitalization of $67.88 million and approximately $1.60 million worth of DigiByte was traded on exchanges in the last 24 hours. One DigiByte coin can now be purchased for $0.0038 or 0.00000005 BTC on popular cryptocurrency exchanges. During the last week, DigiByte has traded down 2.3% against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Arweave (AR) traded 1.5% lower against the dollar and now trades at $2.47 or 0.00003080 BTC.
• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $80,158.16 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.5% against the dollar and now trades at $0.11 or 0.00000134 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $10.38 or 0.00012946 BTC.
• Zcash (ZEC) traded down 0.2% against the dollar and now trades at $572.99 or 0.00714828 BTC.
• Bitcoin Cash (BCH) traded down 1.8% against the dollar and now trades at $450.27 or 0.00561721 BTC.
• Monero (XMR) traded 4% lower against the dollar and now trades at $397.81 or 0.00496286 BTC.
• Litecoin (LTC) traded down 1.1% against the dollar and now trades at $56.49 or 0.00070469 BTC.
• Ethereum Classic (ETC) traded 1.6% higher against the dollar and now trades at $9.42 or 0.00011752 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

DigiByte Profile

DigiByte (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 18,276,908,664 coins and its circulating supply is 18,080,540,706 coins. The Reddit community for DigiByte is https://reddit.com/r/digibyte and the currency’s Github account can be viewed here. DigiByte’s official website is digibyte.org. 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.

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 trade DigiByte should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly 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