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Digibyte

DGB

DigiByte

DGB

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₹1.49

LIVE

24H Low ₹1.49

24H High ₹1.60

Price of DGB today

The current live price of DGB today is ₹1.49, with a 24-hour trading volume of ₹1,06,18,98,346.96. Our DGB to INR price is updated in real-time. DGB has seen a decrease of -6.89% in the last 24 hours. With a live market cap of ₹26,08,11,25,428.16 , the circulating supply is at 17,409,510,471 DGB coins, with a maximum supply of 21,000,000,000DGB coins.

DigiByte Price History

Date ComparisonAmount Change% Change
Today-₹0.10

6.39%

7 Days₹0.14

10.12%

30 Days₹0.93

166.98%

1 Year₹0.77

107.33%

DigiByte Price Information

Price Change (1hr)

6.24%

Price Change (24hr)

6.39%

Price Change (7d)

10.12%

DigiByte Market Stats

Market Cap

₹26,08,11,25,428.16

Fully Diluted Market Cap

₹31,46,00,24,962.96

24hr Volume

₹1,06,18,98,346.96

26.91%

Circulating Supply

17409510470.5 DGB

Total Supply

21000000000 DGB

Things to know about DigiByte

What is the token?

  • DGB was founded in 2013 with its focus on decentralized applications (dApps) and smart contracts

  • Token: DGB, used as a medium of exchange

  • Consensus: Proof-of-work supporting multiple mining protocols

Tokenomics

  • Pre-mined DGB: 105 million for development

  • Annual Issuance Rate: 5.57%, decreases annually (deflationary)

Market Data

As of today 09 December 2024, the price of DigiByte is ₹1.49 INR, with a 24-hour trading volume of 12067026.67 USD. The market capitalization for DigiByte is 296376425.32USD. The circulating supply is 17409510470.5 DigiByte, with the total supply also being 17409510470.5 DigiByte.

Token Pros and Cons

:

  • High security with five mining algorithms

  • Fast transactions (15-second block times)

  • Supports multiple mining protocols

  • Highly decentralized network

  • Low transaction fees

  • Supports intelligent contracts and DApps

  • Open-source and volunteer-driven

:

  • Limited adoption and recognition

  • Lack of awareness

  • No significant use case advantage over competitors

  • Lack of marketing

  • Reliance on volunteer-based development

Why Should You Invest in the Coin?

  • Strong focus on security, scalability

  • Fast transaction speeds, low fees

  • Established presence in the cryptocurrency space

USP of the coin

  • Multi-algorithm mining for enhanced security and decentralization

  • Faster transaction speeds, highly scalable blockchain

The problem the coin is solving

DigiByte aims to solve the issues of security, transaction speed, and scalability in blockchain technology. It is focused on providing a secure and efficient platform for digital payments and decentralized applications.

Founder and team background

  • Founder

  • : Jared Tate, involved with Bitcoin since 2012

  • Team

  • : Supported by a community of volunteers, no central authority

ICO Price

  • No ICO or Traditional Funding Rounds

  • Seed Funding

  • : $250,000 raised on December 2, 2014, from a private investor

  • Pre-mined Coins

  • : 105 million DGB for development

Risks Associated in Investing in the Coin

  • Market Manipulation Risk: DigiByte's price can be influenced by the amount of money it takes to shift its price, a common risk for many cryptocurrencies. InvestorsObserver gives DigiByte a medium Risk/Reward Score, indicating a moderate level of risk.

  • Lack of Widespread Adoption: Despite its technological strengths, DigiByte has not achieved widespread adoption, which can be risky for investors looking for growth and liquidity.

  • Low Awareness and Visibility: DigiByte lacks awareness and visibility in the market, which can limit its growth potential and may affect investor confidence.

  • Volatility and Price Stability: While DigiByte aims to maintain a stable average price, the cryptocurrency market is inherently volatile, and rapid price changes can pose a risk to investors.

  • No Staking Rewards: As a proof-of-work coin, DigiByte cannot be staked, which means there are no staking rewards that can provide a return on investment, potentially making it less attractive to some investors

Whitepaper Insights

DigiByte (DGB) stands out in the blockchain landscape with its core principles centred around decentralization, security, and innovation. Unlike many projects, DigiByte did not opt for an ICO or presale, highlighting its commitment to a decentralized ethos. Launched in 2014 by Jared Tate, DigiByte has since been continuously developed, positioning itself as one of the more established players in the blockchain space. With a maximum token supply of 21 billion, DigiByte employs the UTXO model for cryptocurrencies, enhancing scalability and enabling the simultaneous processing of multiple transactions. Furthermore, DigiByte's innovative features, such as SegWit activation, DigiShield, and Odocrypt implementation, showcase its dedication to technological advancement within the blockchain ecosystem.

One of DigiByte's critical strategies for ensuring security and preventing centralization is its utilization of multi-algorithm mining. By employing multiple proof-of-work (PoW) algorithms, DigiByte enhances mining accessibility and mitigates the risk of 51% attacks. The three-layer blockchain architecture of DigiByte, catering to intelligent contracts, processing, and decentralized applications (dApps), not only supports cross-chain compatibility but also underscores its commitment to providing a robust and versatile platform for various blockchain-based functionalities. DigiByte's whitepaper insights emphasize its mission to create a secure, fast, and scalable blockchain infrastructure while championing decentralization, technological innovation, and long-term sustainability in the ever-evolving digital landscape.

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DGB

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Price as per 06:43 AM • 09 Dec 2024

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What is the price of DigiByte (DGB)?

The current price of DigiByte (DGB) in INR is ₹1.49 INR.

What is the current DGB market cap?

The current market capitalization of DigiByte (DGB) is ₹26,08,11,25,428.16 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of DGB by the number of coins in circulation.

What is the current supply of DigiByte (DGB)?

The current supply of DigiByte (DGB) is 17409510470.5 DGB. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of DigiByte (DGB)?

The 24-hour trading volume of DigiByte (DGB) in INR is ₹1,06,18,98,346.96. This figure represents the total value of all DGB transactions across various exchanges within the last 24 hours.

How to Buy DigiByte (DGB) in India?

To buy DigiByte (DGB) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in DGB.

Can I buy DigiByte (DGB) with UPI?

Yes, you can buy DigiByte (DGB) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert DigiByte (DGB) to Indian Rupee (INR)?

To convert DigiByte (DGB) to Indian Rupee (INR), you can use our DGB/INR conversion rates in real time.

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