DigiByte (CURRENCY:DGB) traded up 2.9% against the US dollar during the 24 hour period ending at 1:00 AM Eastern on March 16th. DigiByte has a market capitalization of $186.66 million and approximately $1.03 million worth of DigiByte was traded on exchanges in the last day. During the last seven days, DigiByte has traded 7% higher against the US dollar. One DigiByte coin can now be bought for approximately $0.0185 or 0.00000267 BTC on cryptocurrency exchanges including Bit-Z, LiteBit.eu, Upbit and Kucoin.
Here is how similar cryptocurrencies have performed during the last day:
- Myriad (XMY) traded 0.7% lower against the dollar and now trades at $0.0053 or 0.00000076 BTC.
- Circuits of Value (COVAL) traded up 1.3% against the dollar and now trades at $0.0052 or 0.00000075 BTC.
- Quark (QRK) traded 2.7% lower against the dollar and now trades at $0.0093 or 0.00000134 BTC.
- HunterCoin (HUC) traded up 0.1% against the dollar and now trades at $0.0870 or 0.00001253 BTC.
- BitQuark (BTQ) traded 9.8% higher against the dollar and now trades at $0.0125 or 0.00000180 BTC.
- Joincoin (J) traded 4.5% lower against the dollar and now trades at $0.0264 or 0.00000380 BTC.
DigiByte is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It launched on January 10th, 2014. DigiByte’s total supply is 10,084,801,713 coins. 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. The official website for DigiByte is www.digibyte.io.
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: OKEx, Cryptopia, LiteBit.eu, alcurEX, Coinhouse, CryptoBridge, Trade Satoshi, CoinExchange, Bittrex, Kucoin, Poloniex, Upbit, Bittylicious, Bit-Z, YoBit, Livecoin and HitBTC. It is not currently possible to buy DigiByte directly using US dollars. Investors seeking to acquire DigiByte must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy DigiByte using one of the exchanges listed above.
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