DigiByte (DGB) Price Down 11.2% This Week

DigiByte (DGB) traded down 0.5% against the U.S. dollar during the 1 day period ending at 23:00 PM ET on May 28th. One DigiByte coin can now be bought for $0.0109 or 0.00000038 BTC on popular cryptocurrency exchanges. During the last week, DigiByte has traded down 11.2% against the U.S. dollar. DigiByte has a total market cap of $167.39 million and approximately $8.70 million worth of DigiByte was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

  • Circuits of Value (COVAL) traded 1.3% higher against the dollar and now trades at $0.0162 or 0.00000056 BTC.
  • Primecoin (XPM) traded up 0.8% against the dollar and now trades at $0.0353 or 0.00000122 BTC.
  • Quark (QRK) traded down 0.5% against the dollar and now trades at $0.0035 or 0.00000012 BTC.
  • Myriad (XMY) traded 0% higher against the dollar and now trades at $0.0003 or 0.00000001 BTC.
  • X-HASH (XSH) traded up 1.5% against the dollar and now trades at $2.58 or 0.00006107 BTC.
  • TeeCoin (TEC) traded flat against the dollar and now trades at $0.0013 or 0.00000007 BTC.
  • Safari (SFR) traded flat against the dollar and now trades at $1,359.05 or 0.00000000 BTC.

DigiByte Coin Profile

DGB is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It launched on January 10th, 2014. DigiByte’s total supply is 15,369,388,605 coins. DigiByte’s official website is www.digibyte.io. DigiByte’s official message board is dgbforum.com. 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, “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 presently possible to buy alternative cryptocurrencies such as DigiByte directly using US dollars. Investors seeking to trade DigiByte should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy DigiByte using one of the aforementioned exchanges.

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