DigiByte (DGB) Price Tops $0.0042 on Top Exchanges

DigiByte (DGB) traded 3.9% lower against the US dollar during the 1-day period ending at 8:00 AM Eastern on October 3rd. One DigiByte coin can currently be purchased for about $0.0042 or 0.00000005 BTC on major exchanges. Over the last week, DigiByte has traded down 4.3% against the US dollar. DigiByte has a market capitalization of $76.73 million and $2.34 million worth of DigiByte was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

• 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 0.4% higher against the dollar and now trades at $547.12 or 0.00646157 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $8.99 or 0.00010621 BTC.
• Bitcoin Cash (BCH) traded 1% lower 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 down 2.4% 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 Coin Profile

DigiByte (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 18,499,236,639 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 Twitter account is @digibytecoin and its Facebook page is accessible here. DigiByte’s official message board is medium.com/@digibyte_official. The official website for DigiByte is digibyte.org.

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 currently possible to purchase alternative cryptocurrencies such as DigiByte directly using US dollars. Investors seeking to acquire DigiByte should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly 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