DigiByte update: DGB Live price, price chart, news and markets

The DGB price update as of now is $0.01155. In the previous 24 hours, its trading volume was $10,802,562, and its value has decreased by -3.40%. As of now, DGB's live market cap is $201,298,090, and it is ranked as the #281 on the Coincu. DGB has a circulating supply of 17,431,216,918 and a maximum supply of 17,431,216,918.

What is DigiByte (DGB)?

DigiByte (DGB) is an open source operating system that is based on the source code platforms of Bitcoin and Litecoin but with improved speed. In simpler terms, DigiByte is renowned for its fast transaction speed, enabling users to make swift payments for everyday transactions like purchasing a cup of coffee or completing transactions on their smartphones.

DGB coin is a transparent and professional decentralized cryptocurrency that aims to address the weaknesses of Bitcoin and Litecoin. Moreover, DGB operates globally in the realm of goods and services.

The development of Bitcoin and Litecoin has resulted in price volatility and hoarding of commodities in the market, leading to a decrease in the number of transactions conducted using these currencies. To tackle this issue, Digibyte was created with a total supply of 21 billion DGB. This helps minimize price volatility as DigiByte is directly pegged to USD and EUR.

DigiByte has played a fundamental role in inspiring Bitcoin to evolve into a global decentralized payment network. Its primary function is to enable users to convert currencies over the internet, similar to PayPal and Western Union, but with faster and more cost-effective transactions. Users can send and receive DigiByte to any affiliate address worldwide in an instant, without the need for sign-ups, logins, or high fees.

Key Features of DigiByte (DGB)

• Global Decentralization: The DigiByte project's network encompasses over 100,000 servers, computers, mobile devices, and network nodes, making it a truly decentralized system.
• Multiple Mining Algorithms: DigiByte utilizes 5 mining algorithms, namely SHA256, Scrypt, Myr-Groestl, Skein, and Qubit. This diverse range of algorithms reduces centralization compared to single-algorithm mechanisms.
• Fast Block Closing Speed: DigiByte boasts one of the quickest block closing speeds among UTXO blockchains, estimated at just 15 seconds.
• Long Blockchain: With over 7 million blocks to date, DigiByte holds one of the longest blockchains in existence.

DigiByte follows a three-layer structure:

• Applications Layer: This layer consists of dApps built using DigiByte's blockchain technology, including Digi-Apps and smart contracts. These apps are designed for everyday use and directly interact with users.
• Digital Assets/Public Ledger: This layer ensures the security of the entire DigiByte network (DGB).
• Core Layer Communications Protocol / Global Network Layer: This layer facilitates the overall operation of the DigiByte Blockchain structure.

DigiByte (DGB) Roadmap

Updating...