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Cryptocurrencies:  7,535Markets:  31,610Market Cap:  $394,768,555,11724h Vol:  $101,232,528,126BTC Dominance:  62.2%
Market Cap:  $394,768,555,11724h Vol:  $101,232,528,126BTC Dominance:  62.2%Cryptocurrencies:  7,535Markets:  31,610
DigiByte

DigiByte (DGB)

$0.021248 USD (8.45%)
0.00000160 BTC (12.55%)
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  • Market Cap
    $290,937,193 USD
    21,938 BTC
  • Volume (24h)
    $12,520,672 USD
    944.10355583 BTC
  • Circulating Supply
    13,692,687,590 DGB
  • Max Supply
    21,000,000,000 DGB

About DigiByte

DigiByte price today is $0.021248 USD with a 24-hour trading volume of $12,520,672 USD. DigiByte is up 8.45% in the last 24 hours. The current CoinMarketCap ranking is #50, with a market cap of $290,937,193 USD. It has a circulating supply of 13,692,687,590 DGB coins and a max. supply of 21,000,000,000 DGB coins. You can find the top exchanges to trade DigiByte listed on our crypto exchanges page.

What Is DigiByte (DGB)?

DigiByte (DGB) is an open source blockchain and asset creation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a fork of Bitcoin (BTC).

A longstanding public blockchain and cryptocurrency, DigiByte uses five different algorithms to improve security, and originally aimed to improve on the Bitcoin blockchain’s security, capacity and transaction speed.

DigiByte consists of three layers: a smart contract “App Store,” a public ledger and the core protocol featuring nodes communicating to relay transactions.

Who Are the Founders of DigiByte?

DigiByte was created by Jared Tate, also known as “DigiMan,” who oversaw its metamorphosis from development to its current setup before announcing that he was temporarily retiring from his position in May 2020.

Tate has since returned, and as of September 2020 once again appears closely involved with DigiByte’s growth.

Tate’s biography states that he was involved with Bitcoin from 2012 onwards, and authored the first book written by a blockchain founder, “Blockchain 2035: The Digital DNA of Internet 3.0.”

DigiByte’s operations depend not only on developers, but also the DigiByte Foundation, a volunteer organization tasked with overseeing preservation of the project. A third group of volunteers, the DigiByte Awareness Team, is responsible for marketing and promotional activities.

What Makes DigiByte Unique?

DigiByte is a modification of Bitcoin which aims to diversify security, speed and capacity possibilities.

Its first incarnation was as an open source blockchain and associated cryptocurrency, DGB. The network has five separate algorithms which help to maintain security and help prevent ASIC miners from commandeering too much power.

Later, another offering, DigiAssets, appeared, with DGB as its native token. DigiAssets appeals to those developers looking to launch digital assets, decentralized applications (DApps) and encode the necessary corresponding smart contracts.

All governance structures for DigiByte are run on a voluntary basis, in line with the thesis that the network should be open source and publicly accessible. Transaction fees in DGB are paid to miners for validating the blockchain.

Find out more about Litecoin (LTC) here.

Find out more about Ethereum (ETH) here.

New to cryptocurrency? Find out everything you need to know with Alexandria, CoinMarketCap’s dedicated education resource.

How Many DigiByte (DGB) Coins Are There In Circulation?

DigiByte (DGB) is a proof-of-work (PoW) cryptocurrency, and miners earn tokens for validating blocks via block rewards.

In January 2014, 0.5% of the total DGB supply (105 million coins) was premined. 50% of the premine was reserved for development purposes, while the remainder was given away.

DGB has a hard supply cap of 21 billion tokens, with mining forming an emission curve with decreasing issuance — the block reward reduces by 1% each month.

DigiByte has stated that it purposely did not try to raise funds or give away tokens through instruments such as an initial coin offering (ICO) or similar token sale.

How Is the DigiByte Network Secured?

DigiByte uses a total of five proof-of-work algorithms to secure the blockchain and reduce the risk of double spending or 51% attacks.

Difficulty adjustments ensure resilience against hostile moves within mining circles, with DigiByte claiming to have the most advanced such difficulty setup among cryptocurrencies.

With roughly one block every 15 seconds, DigiByte’s blockchain has managed to prove the longevity of its PoW blockchain since launch, now having a much longer chain of PoW than, for example, Bitcoin.

Where Can You Buy DigiByte (DGB)?

DGB is a freely-tradable altcoin and is available on multiple exchanges. Trading pairs are available for cryptocurrencies, stablecoins and fiat currencies.

Bilaxy, Binance, Sistemkoin and OKEx had the lion’s share of volume for DGB trading pairs as of September 2020.

New to crypto? Find out how to buy Bitcoin or any other token here.

DigiByte Price

DigiByte Price$0.021248 USD
DigiByte ROI
1,327.15%
Market Rank#50
Market Cap$290,937,193 USD
24 Hour Volume$12,520,672 USD
Circulating Supply13,692,687,590 DGB
Total Supply13,692,687,590 DGB
Max Supply21,000,000,000 DGB
All Time High
$0.142889 USD
(Jan 07, 2018)
All Time Low
$0.000020 USD
(Dec 20, 2014)
52 Week High / Low
$0.037829 USD /
$0.002532 USD
90 Day High / Low
$0.037829 USD /
$0.018739 USD
30 Day High / Low
$0.028846 USD /
$0.018739 USD
7 Day High / Low
$0.023386 USD /
$0.018739 USD
24 Hour High / Low
$0.021795 USD /
$0.018739 USD
Yesterday's High / Low
$0.021795 USD /
$0.018739 USD
Yesterday's Open / Close
$0.019477 USD /
$0.021316 USD
Yesterday's Change$0.001839 USD (9.44%)
Yesterday's Volume$11,752,176 USD
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