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digibyte

DigiByte Price (DGB)

#212
$0.008924
-4.08%
฿0.00000047
1.71%
Market Cap

The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply (the total number of mined coins).

Market Cap = Current Price x Circulating Supply.
$137.9M
Volume 24h

Volume 24h is referring to the total amount of a cryptocurrency traded in the previous 24 hours.

$18.9M
Circulating Supply

Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available.

15,454,131,259
Total Supply

The total supply of a cryptocurrency is referring to the total amount of coins in circulation or locked minus the removed ones.

Total supply = Onchain Supply - Coins Removed from Circulation
21,000,000,000
Fully Diluted Valuation

The fully diluted market value is referring to a cryptocurrency's market cap when/if its total supply is issued.

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DigiByte Price Chart (USD)

24H Change

-4.08%
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DigiByte Price Update

DigiByte price is $0.008924 , down 4.08% in the last 24 hours, and the live market cap is $137.9M . It has a circulating supply volume of 15,454,131,259 DGB coins and a max. Supply volume of 21,000,000,000 DGB alongside $137.9M 24h trading volume.
The addresses and transactions of DigiByte can be explored in https://digiexplorer.info/ and https://chainz.cryptoid.info/dgb/ .
DigiByte website is http://www.digibyte.io/.

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DGB

About DigiByte

 

What Is DigiByte


DigiByte can be defined as one of the most experienced blockchains which have been online for prolonged periods of time, in fact, released in January of 2014.

It is a fully volunteer-based project that is supported by a community on a global scale. It is intended to be an alternative to Bitcoin that has better scaling capabilities and enhanced speeds. It has its own ecosystem where developers and produce decentralized applications (dApps), and the network even has its own native cryptocurrency token that powers all of this, known as the DGB token.


The main point of appeal to this blockchain is in the fact that it has the ability to process 2,000 transactions per second with the eventual goal of reaching a larger decentralized community when compared to any other project out there. As such, DigiByte is a Proof-of-Work (PoW) cryptocurrency network where the miners have the opportunity of earning tokens when they validate a block through block rewards.


DigiByte Founders


The project was created by Jared Tate, who is known as DigiMan. He saw to the development process of DigiByte however quit his position in May of 2020.

Regarding its history, in January of 2014, 0.5% of the total DGB supply, 105 million, were pre-mined, where 50% of these coins were reserved for the development of the blockchain while the others were given away. The supply cap is 21 billion tokens.


Now, DigiByte is supported by three separate groups. These are the open-source developers who are volunteers that contribute to the ecosystem by peer-reviews, code contributions, or application development, as well as the DigiByte Foundation that is a non-profit organization that supports the research, education, marketing, and development of the project. Then you have the Awareness Team, which is a community-driven team that maintains the social media, marketing, and press release content.


How Does DGB Work


DigiByte has the intention of allowing users to send as well as receive DGB coins on a worldwide scale through irreversible as well as permissionless transactions. In order to achieve this, it is broken up into multiple layers. First, you have the application layer that is the layer where anyone can access the dApps and use the DGB token. Then you have the consensus layer, where transactions get recorded, and this layer allows the miners to manage the release of the new DGB cryptocurrency.


Last but not least, you have the network layer that is the foundation layer and defines the communication and operating procedures of the entire network.

DigiByte also uses a variation of the Proof-of-Work (PoW) consensus algorithm. This can be done through consumer-grade hardware, which means that just about anyone can participate in this network.


The DGB cryptocurrency helps maintain and operate the entirety of the DigiByte network. DGB is used by the network to fully power the dApps, which are built on top of the blockchain, and through owning DGB, users gain the opportunity to participate within all of the applications. The DGB tokens are also minted each block and are used as a means of rewarding the participants who provide energy and add blocks to the blockchain.


Where Can You Buy DGB


DigiByte volume is a showcase of how much unit is in circulation and how much the assets are being traded. The blockchain has a reliance on the DGB token. 


Keep in mind that this is not a DigiByte price prediction graph, just a showcase of its price. The blockchain is secure, has a high level of dominance in terms of volume and assets, and due to the fact that it is secure, its volume rises. If you want to buy, sell DigiByte, or trade these assets and increase the volume, you can do so on exchanges such as Binance Futures, Binance, OKEx, BitMart, and HitBTC.

No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content before relying on it. Trading is a highly risky activity that can lead to major losses; please, therefore, consult your financial advisor before making decisions. No content on our site is meant to be a solicitation or offer.

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