DigiByte Trading Up 5.1% This Week (DGB)

DigiByte (DGB) traded down 3% against the U.S. dollar during the 24 hour period ending at 16:00 PM Eastern on October 17th. DigiByte has a market capitalization of $114.45 million and $2.08 million worth of DigiByte was traded on exchanges in the last day. One DigiByte coin can currently be purchased for about $0.0066 or 0.00000010 BTC on popular exchanges. In the last seven days, DigiByte has traded up 5.1% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded down 0.9% against the dollar and now trades at $66,994.56 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.6% lower against the dollar and now trades at $0.13 or 0.00000187 BTC.
• Bitcoin Cash (BCH) traded 1% lower against the dollar and now trades at $363.10 or 0.00541984 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $6.10 or 0.00009100 BTC.
• Litecoin (LTC) traded up 3.6% against the dollar and now trades at $72.90 or 0.00108817 BTC.
• Monero (XMR) traded down 1.1% against the dollar and now trades at $156.12 or 0.00233031 BTC.
• Ethereum Classic (ETC) traded down 2.5% against the dollar and now trades at $18.94 or 0.00028275 BTC.
• Arweave (AR) traded down 2.9% against the dollar and now trades at $18.36 or 0.00027407 BTC.
• Bitcoin SV (BSV) traded 2.2% lower against the dollar and now trades at $49.80 or 0.00074338 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. It launched on January 12th, 2014. DigiByte’s total supply is 17,311,711,178 coins. DigiByte’s official message board is dgbforum.com. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. 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.

According to CryptoCompare, “DigiByte (DGB) is an open-source blockchain and asset creation platform, initiated as a fork of Bitcoin in October 2013. It uses five different algorithms to enhance security and comprises three layers: a smart contract “App Store,” a public ledger, and the core protocol with nodes for transaction relay. DigiByte differentiates itself from Bitcoin by diversifying security, speed, and capacity. It employs five separate algorithms to bolster security and prevent ASIC miners from gaining excessive control. DigiByte also introduced DigiAssets, a platform for launching digital assets, decentralized applications (DApps), and smart contracts, with DGB as its native token. Governance structures within DigiByte operate on a voluntary basis, emphasizing the principle that the network should remain open source and publicly accessible. Jared Tate, also known as “DigiMan,” is the creator of DigiByte.”

Buying and Selling DigiByte

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

DGB/USD price chart by TradingView