What is DigiByte (DGB)?
DigiByte (DGB) is an open-source cryptocurrency running on the DigiByte Blockchain, a decentralized international blockchain created in 2013. Thus, it is a peer to peer, decentralized. Open source blockchain with advanced security, anonymity and improved transaction speed which uses DigiByte as the native currency. DigiBytes are digital assets that cannot be destroyed, counterfeited or hacked, making them ideal for protecting objects of value like currency, information, property or important digital data.
DigiByte (DGB): History
DigiByte (DGB) was founded by Jared Tate, a programmer, and entrepreneur with the aim of creating a fast and secure cryptocurrency that could reach a wider and more decentralized community that Bitcoin. The DigiByte coin was developed in 2013 and released in January 2014. The first DigiByte was mined on 10th January 2014. As of May 2018, DigiByte has a total market cap of over US$1 billion.
How Does DigiByte (DGB) Work?
DigiByte is more of a blockchain than a currency, and it gives 5 times more security by using 5 different hashing techniques. It enables DApps creation and even centralized app creation. It works just like the other popular cryptocurrency, such as Bitcoin, but it has its improved features. The user required to download and install the DigiByte wallet and they can transact. The sender needs to know the wallet id of the receiver and to send a payment, and also the amount of DigiByte to be sent. Once the issues the Send command along with these details, the public ledger keepers (miners) validate and approve the payment.Once it has done, the amount is deducted from the sender’s wallet and added to the receivers wallet.
How to Buy DigiByte (DGB)?
First of all, you have to get a DigiByte wallet to store your coins. Then give a name for the wallet. You are required to create a password for the wallet so that nobody can access your coins. Then you can buy Bitcoin either by using Coinbase or LocalBitcoins. Then you can exchange it for DigiByte.
DigiByte (DGB) Price Predictions 2018
DGB can be a profitable investment option. DigiByte price equal to 0.0561 USD at 2018-01-22. If you buy DigiByte for 100 dollars today, you will get a total of 1781.066 DGB. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-20 is 0.114 US Dollars. With a 5-year investment, the revenue is expected to be around +103.51%. Your current $100 investment may be up to $203.51 in 2022. The price today of DigiByte (DGB) is $0.049673, and the market cap value is $483,695,483. It has a current supply of 9,737,573,925 DGB and the volume $10,351,900. DigiByte (DGB) price today, DigiByte (DGB) where to buy, DigiByte (DGB) price chart, DigiByte (DGB) history, DigiByte (DGB) market cap, DigiByte (DGB) exchanges, DigiByte (DGB) mining, DigiByte (DGB)mining software.