DigiByte Tops One Day Trading Volume of $2.34 Million (DGB)

DigiByte (DGB) traded 3.9% lower against the US dollar during the twenty-four hour period ending at 8:00 AM ET on October 3rd. DigiByte has a market capitalization of $76.73 million and approximately $2.34 million worth of DigiByte was traded on exchanges in the last 24 hours. In the last seven days, DigiByte has traded down 4.3% against the US dollar. One DigiByte coin can now be purchased for $0.0042 or 0.00000005 BTC on major exchanges.

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

• Arweave (AR) traded up 7.6% against the dollar and now trades at $4.69 or 0.00005538 BTC.
• Bitcoin (BTC) traded 2% lower against the dollar and now trades at $84,672.85 or 1.00000000 BTC.
• Zcash (ZEC) traded down 5% against the dollar and now trades at $1,310.66 or 0.01547911 BTC.
• Dogecoin (DOGE) traded down 3.6% against the dollar and now trades at $0.0929 or 0.00000110 BTC.
• Monero (XMR) traded up 0.4% against the dollar and now trades at $547.12 or 0.00646157 BTC.
• UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $8.99 or 0.00010621 BTC.
• Bitcoin Cash (BCH) traded down 1% against the dollar and now trades at $311.87 or 0.00368326 BTC.
• Litecoin (LTC) traded 0.1% lower against the dollar and now trades at $69.67 or 0.00082283 BTC.
• Ethereum Classic (ETC) traded 2.4% lower against the dollar and now trades at $8.87 or 0.00010472 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. It was first traded on January 8th, 2014. DigiByte’s total supply is 18,499,236,639 coins and its circulating supply is 18,080,540,706 coins. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. DigiByte’s official website is digibyte.org. The official message board for DigiByte is medium.com/@digibyte_official. 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”

DigiByte Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as DigiByte directly using US dollars. Investors seeking to acquire DigiByte should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. 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