DigiByte

How & Where to Buy DigiByte (DGB)

Buying DigiByte (DGB) for funds from your bank requires a 2-step process. You're going to buy some BTC or ETH from an exchange that accepts deposits from a debit card or bank account, and then you're going to transfer your newly bought crypto to a marketplace that sells DGB in exchange for bitcoin or Ether.

Step 1: Buy BTC or ETH at Coinbase

Sign up and purchase DigiByte (DGB) at Coinbase or CEX.IO.

If Coinbase or CEX.IO are not available in your jurisdiction, view our list of exchanges that sell DGB for Government issued money.

Step 2: Go to a supporting DGB exchange:

Transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges listed below.

ALL DGB EXCHANGES

Use DigiByte: Ways to send & spend DGB

DGB Wallets

ALL DGB WALLETS

DigiByte Price & Information

Current DGB price and historical price chart

DigiByte Social Media

Technical Information

Start Date: 12/01/2014
Algorithm: Multiple
Proof Type: PoW

What is DigiByte

Digibyte (sym. DGB) is a peer to peer, decentralised, open source blockchain with advanced security, anonymity and improved transaction speed which uses DigiByte as the native currency.

History of DigiByte

DigiByte was created by Jared Tate. The development started in October 2013 and was officially launched in January 2014. in April 2017, Segregated Witness (SegWit) protocol was introduced to the network, making it the first ecosystem to utilise that technology.

How DigiByte Works

DigiByte is more of a blockchain than a currency and it offers 5 times more security by using 5 different hashing techniques. It allows DApps creation and even centralised app creation.
DigiByte coins (DGB) works just like the popular cryptocurrency, Bitcoin, but has several improved features over it. A user needs to download and install the DigiByte wallet (or use a web wallet) and they can transact. To send a payment, the sender needs to know the wallet id of the receiver and the amount of DigiBytes to be sent. Once he issues the Send command along with these details, the public ledger keepers (miners) validate and approve the payment. Once done, the amount is deducted from the sender’s wallet and added to the receiver’s wallet.

Why DigiByte

DigiByte seems to be a Bitcoin clone but it offers several improvements which Bitcoin lacks.

  • DApps Support: DigiByte facilitates the creation and running of DApps on the network. The network also allows Smart Contracts to be written and executed.
  • Digi-Apps Support: Contrary to DApps, these are centralised apps which are built atop DigiByte blockchain and runs in the application layer of the protocol.
  • Fastest Network: DigiByte has the fastest UTXO network in the world with the transactions being 40 times faster than Bitcoin network. The user receives a confirmation message within 15 seconds of sending the payment.
  • Widely Accepted Coins: DigiBytes are used and accepted by a huge number of traders on the internet, making the coin instantly usable for the users. Moreover, DigiBytes can be purchased, sold and traded at every leading cryptocurrency exchange.
  • Different Hashing Algorithm: DigiBytes uses sha256, skein, qubit, groestl and scrypt hashing methods and thus, it is probably the safest coin in the cryptocurrency world. It is one of the most decentralised coins as well, including mining, unlike Bitcoin where the mining is exclusively done by some high power groups.
  • Native Wallet: DigiByte Wallets are available for Windows, Apple OS X, Android, Chrome, Linux with iOS coming soon. Thus, there is no need to trust any third party with the safekeeping of the wallet.
  • Easily Scalable: DigiByte blockchain can easily be scaled to meet the requirements of mass adoption.

Talk About DigiByte

2 Comments

  1. Avatar Ronald Lewis on August 7, 2018 at 11:41 am

    Digibyte wallet is buggy. In two weeks I had to recover wallet and second time recovered it downloaded from 2017 on. I guess that may have been beginning date of that wallet version. Anyway, I would try to send an amount to another wallet to consolidate mining earnings, the wallet would say a transfer was made, but when you looked at the details of the exchange, the date would keep pointing to the current date and time, not when the exchange was made. I would check blockchain for my wallet address and no deposit to the other wallet and no deduction from the one I was moving money from. To fix, you have to go into phone, delete all cache and storage for the app, then recover the wallet. I had to do this two times. Too risky and so I pointed mining equipment back to Litecoin. Still mining Digibyte but those earnings go directly to another wallet. Tried to notify Digibyte about the problem but do not know if they received my message.

    Reply
  2. Avatar Shaina on January 3, 2019 at 10:26 am

    You can use one of the exchangers to buy DGB. For example, I use changenow (VISA and Mastercard accepted) without registering here. It is very easy and convenient.

    Reply

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