DigiByte (CRYPTO:DGB) Hits Market Cap of $296.18 Million

DigiByte (CURRENCY:DGB) traded 2.8% higher against the US dollar during the 24-hour period ending at 16:00 PM Eastern on April 2nd. DigiByte has a market capitalization of $296.18 million and approximately $6.23 million worth of DigiByte was traded on exchanges in the last day. One DigiByte coin can now be purchased for about $0.0292 or 0.00000372 BTC on cryptocurrency exchanges including OKEx, alcurEX, Kucoin and Coinhouse. During the last week, DigiByte has traded 48.5% higher against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

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  • Myriad (XMY) traded 1.4% higher against the dollar and now trades at $0.0082 or 0.00000104 BTC.
  • Circuits of Value (COVAL) traded up 13% against the dollar and now trades at $0.0084 or 0.00000107 BTC.
  • Quark (QRK) traded 5.2% higher against the dollar and now trades at $0.0120 or 0.00000153 BTC.
  • HunterCoin (HUC) traded down 1.4% against the dollar and now trades at $0.11 or 0.00001424 BTC.
  • BitQuark (BTQ) traded 0.7% lower against the dollar and now trades at $0.0114 or 0.00000145 BTC.
  • Joincoin (J) traded 1.6% lower against the dollar and now trades at $0.0283 or 0.00000360 BTC.

DigiByte Profile

DigiByte is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It was first traded on January 10th, 2014. DigiByte’s total supply is 10,128,732,106 coins. DigiByte’s official website is www.digibyte.io. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. The Reddit community for DigiByte is /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. “

Buying and Selling DigiByte

DigiByte can be purchased on the following cryptocurrency exchanges: Bittylicious, Upbit, OKEx, alcurEX, Cryptopia, CoinExchange, Poloniex, Bittrex, HitBTC, Trade Satoshi, Livecoin, LiteBit.eu, Coinhouse, CryptoBridge, Bit-Z, Kucoin and YoBit. It is not possible to buy DigiByte directly using US dollars. Investors seeking to trade DigiByte must first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy DigiByte using one of the exchanges listed above.

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