DigiByte price
Current price
$0.0027
−3.23% 24h
Live Updated just now
Today DigiByte falls 3.2%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour −0.74%
- 24 hours −3.23%
- 7 days −16.92%
- 30 days −22.29%
- 1 year −67.70%
DigiByte's move in context
Lagging the market today
−3.23% in 24 hours against −1.98% for the market as a whole, a gap of 1.2 points. Small gaps like this are common, so they don't point to anything specific.
- We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next.
$1.61M traded in the last 24 hours on the exchanges we read, close to its usual day.
- The price of each exchange's last trade, read in the past few minutes, in US dollars or dollar stablecoins; markets with little trading are left out. A last price isn't an offer: what you'd pay also depends on fees, the gap between buying and selling prices, and how much is for sale.
DigiByte's last prices on 4 exchanges we read run from $0.002698 on KuCoin to $0.002773 on HTX, 2.8% apart. Compare before you buy: fees and how much is for sale at each price differ too.
Part of a slide
−16.9% over 7 days and −22.3% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade DigiByte
Prices differ by up to 2.8% across these 4 exchanges, so compare before you buy.
- HTX DGB/USDT $1.37M 24h volume Last price $0.002773 +2.70% vs our price
- Binance DGB/USDT $189.94K 24h volume Last price $0.0027 0.00% vs our price
- Gate.io DGB/USDT $25.09K 24h volume Last price $0.002731 +1.15% vs our price
- KuCoin DGB/USDT $21.85K 24h volume Last price $0.002698 −0.07% vs our price
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About DigiByte
Overview
DigiByte is a decentralized cryptocurrency that was created to address issues prevalent in the Bitcoin network and to improve on the existing technologies in the blockchain space. Its core mission is to provide a fast, secure, and scalable digital currency that empowers users worldwide. One of DigiByte's distinguishing features is its rapid transaction times, which allow for near-instantaneous payments. It also boasts a strong security model with multi-algorithm mining, making it resistant to attacks. Additionally, DigiByte aims to facilitate a range of applications beyond mere currency, including smart contracts and digital asset management.
Technical Features
DigiByte employs a unique combination of five mining algorithms, including Sha256, Scrypt, Groestl, Skein, and Qubit. This multi-algorithm approach enhances security and decentralization by allowing various types of hardware to participate in the mining process. The consensus mechanism of DigiByte is based on the Proof of Work (PoW) protocol, which ensures that transactions are verified through computational power. With a block time of just 15 seconds, DigiByte is significantly faster than Bitcoin. Its network architecture is also designed for scalability, allowing for thousands of transactions to be processed per second, with a maximum supply cap of 21 billion coins. Furthermore, DigiByte’s blockchain technology incorporates advanced security features such as long-range attack protection and a unique feature called DigiShield, which detects and mitigates the difficulty adjustments for mining.
Use Cases
DigiByte aims to serve multiple purposes within the blockchain ecosystem. One of its primary use cases is in decentralized finance (DeFi), where users can utilize DigiByte for various applications such as lending, borrowing, and yield farming. Additionally, it is gaining traction in NFTs (non-fungible tokens) by providing a platform for artists and creators to tokenize their work. DigiByte is also positioned as a viable solution for cross-border payments, reducing the cost and time associated with traditional wire transfers. With the ability to support smart contracts, DigiByte facilitates trustless transactions and decentralized applications (dApps), enhancing its functionality in various industries.
Development Background
DigiByte was launched in January 2014 by Jared Tate, who aimed to create a faster, more secure cryptocurrency than Bitcoin. Over the years, the DigiByte community has grown, with numerous contributors supporting its development. Notable events include the implementation of DigiByte’s multi-algorithm mining in its initial stages and the continuous improvements in its technology. The cryptocurrency has faced challenges but remains active in innovation, branching into various sectors and continually updating its roadmap to adapt to the evolving blockchain landscape.
Community and Ecosystem
The DigiByte ecosystem thrives on a robust community of developers, enthusiasts, and users committed to its growth. The community is decentralized, with no central authority controlling the project, promoting a culture of collaboration and innovation. DigiByte has partnered with several organizations and platforms to expand its use cases and utility. Various applications and projects have been built around DigiByte, including wallets, exchanges, and DeFi platforms, contributing to its vibrant ecosystem.
Future Potential
The future potential of DigiByte remains promising due to its technological advancements and broad use cases. As the cryptocurrency landscape evolves, DigiByte’s capabilities in facilitating fast, secure transactions position it well amid increasing demand for digital currencies. Upcoming developments in its roadmap include enhancing its smart contract functionality and expanding its ecosystem to encompass more applications and partnerships. With a focus on sustainability and continuous improvement, DigiByte aims to be a significant player in the global cryptocurrency market.
DigiByte market
- Position by market cap among the coins we track whose circulating supply is checked.
- #188
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $50.12M
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $1.61M
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $0.00262 High $0.0028
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $0.1781
- Now 2% of it Reached 1 May 2021 · Needs +6,496% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 18.56B DGB
- 88% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 21B DGB
- The most coins that can ever exist. Some coins have no limit.
DigiByte converter
1 DigiByte = $0.0027