DigiByte (DGB) Hits 1-Day Volume of $9.02 Million

DigiByte (DGB) traded up 0.2% against the dollar during the twenty-four hour period ending at 13:00 PM Eastern on August 6th. In the last seven days, DigiByte has traded up 3.3% against the dollar. One DigiByte coin can now be purchased for about $0.0124 or 0.00000053 BTC on major cryptocurrency exchanges. DigiByte has a total market cap of $192.67 million and approximately $9.02 million worth of DigiByte was traded on exchanges in the last day.

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

• Circuits of Value (COVAL) traded 2.8% higher against the dollar and now trades at $0.0138 or 0.00000059 BTC.
• Primecoin (XPM) traded 7.3% lower against the dollar and now trades at $0.0420 or 0.00000181 BTC.
• Quark (QRK) traded up 0.8% against the dollar and now trades at $0.0035 or 0.00000015 BTC.
• Myriad (XMY) traded 1.2% higher against the dollar and now trades at $0.0002 or 0.00000001 BTC.
• X-HASH (XSH) traded 10.6% lower against the dollar and now trades at $1.31 or 0.00006812 BTC.
• Monopoly Millionaire Control (MMC) traded 0.2% higher against the dollar and now trades at $0.26 or 0.00001110 BTC.

DigiByte Coin Profile

DGB 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 15,548,319,014 coins. DigiByte’s official message board is dgbforum.com. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. The official website for DigiByte is www.digibyte.io. The Reddit community for DigiByte is /r/Digibyte and the currency’s Github account can be viewed here.

According to CryptoCompare, “Security: DigiByte uses five highly advanced cryptographic algorithms. Speed: DigiByte transaction notifications occur in 1-3 seconds, blocks are discovered every thirty seconds and transactions are fully confirmed every 3 minutes. Future planned upgrades will make these times even faster. Fees: Most DigiByte to DigiByte transactions are free or carry a very small network-mining fee to incentivize people to mine. Worldwide: DigiBytes are already stored, traded and transacted in over 89 countries. Decentralization: There is no need for a middleman or third party or central server. Re-Spend: Send DigiBytes you received to someone else in as little as three minutes. Finite Production: New DigiBytes are added to the network every thirty seconds through a process called mining as each new block (or grouping of transactions in a spreadsheet like format) is discovered by the network. Scarcity: 21 Billion DigiBytes will be created in 21 years. 1% Monthly New Minting Reduction: New DigiByte production decreases 1% every month. Mining: DigiByte mining is decentralized with five independent, highly secure mining algorithms. Adaptable, innovative & flexible: DigiByte is constantly adding new features & services to remain on the cutting edge of digital currency technology. Committed Development: DigiByte has been under constant, progressive development for over one year now with core development team members from all over the world. Millennial Acquisition Potential: DigiByte provides merchants, banks & other legacy institutions with a new means of acquiring & connecting with tech savvy millennial users. A Bright Future: DigiByte has many new & exciting projects underway to be released throughout 2015 to increase DigiByte utility and new user adoption across the globe. “

Buying and Selling DigiByte

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