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DigiByte is an open-source blockchain primarily used to make payments. It is designed as an alternative to Bitcoin that improves transaction speed while maintaining security. To ensure this, the blockchain operates on three layers:
The applications layer. This is the user interface which connects users and their devices to the layers below. The digital asset and public ledger layer. This is the distributed ledger system of the blockchain, across which transactions are carried. The core global communications layer. This layer consists of the mining nodes that support the above layers. These layers aim to allow people to use DigiByte as an accepted payment method while still retaining blockchain security features. It uses five separate mining algorithms, and users can choose which of the five they want to use for the best returns on their system. The available algorithms are SHA256, Scrypt, Skein, Qubit and Groestl. This is intended to improve the security of the DigiByte network, while simultaneously encouraging more users to mine the devices on whichever devices they have at hand.
DGB is the currency native to the DigiByte blockchain that is used to execute transactions on the network.
DigiByte (DGB) is the 201st largest cryptocurrency in the world by market cap, valued at $172,072,531. The current price of DigiByte is $0.015634654, which is 1.823% higher than yesterday. Prices have ranged between $0.015863708 and $0.01493828 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 28, 2022 01:05 UTC.
| Coin symbol | DGB |
|---|---|
| Coin Marketcap | AUD$172,072,531 |
| Total DGB supply | 21,000,000,000 |
| Circulating DGB | 15,366,705,132 |
| Current price | AUD$0.015634654 |
| All time high | AUD$0.35 |
| All time high date | May 01, 2021 |
| Notable team members | Jared Tate |
| Partnerships | Safe Haven, LCX |
| Industry | Blockchain platform |
| Token uses | Digital currency, transaction fees |
| Network | DigiByte |
Historical prices compared with the price of $0.015634654.
| 1 hour | 1.50% |
|---|---|
| 24 hours | 1.82% |
| 7 days | -3.71% |
| 14 days | -11.70% |
| 30 days | -49.64% |
|---|---|
| 60 days | -67.20% |
| 200 days | -79.81% |
| 1 year | -84.22% |
Disclaimer: Cryptocurrencies, including DigiByte, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DGB is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the DigiByte or any other cryptocurrency discussed.
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