DBX price is $0.00042067
DBX, like all cryptocurrencies, experiences fluctuations in its market price. As of now, the price of DBX has increased by +0.00% in the past 24 hours.
DBX is a digital asset that forms part of the broader cryptocurrency ecosystem. It's designed to operate on its own blockchain platform, aiming to provide users with various features that might include secure transactions, smart contracts, or decentralized applications (DApps). For detailed offerings and the full vision of DBX, it is recommended to visit their official website or consult their project documentation and white papers.
The creation of DBX can be attributed to a team of developers and industry professionals who came together with a vision of launching this new cryptocurrency. Typically, information about the founders can be found on the project's official website or in their introductory materials. In many cases, the founders have a background in technology and blockchain and seek to address specific challenges or opportunities they see in the cryptocurrency space.
DBX operates on a blockchain—a digital ledger that records all transactions made with the cryptocurrency. This blockchain is maintained by a network of computers (nodes) following a consensus mechanism, which could be proof-of-work, proof-of-stake, or a different protocol, depending on the design choices made by the DBX team. As with other cryptocurrencies, DBX transactions are intended to be secure, potentially fast, and less reliant on intermediaries compared to traditional financial systems.
The core technology behind DBX is its blockchain, which securely records transactions and holdings of the cryptocurrency. The blockchain might also support smart contracts, enabling the execution of agreements without the need for central oversight. If such features are part of DBX's offering, they highlight the project's commitment to leveraging the benefits of decentralized technology for innovation in digital transactions and contracting.
The market capitalization of DBX is currently listed at $ , which ranks it at number #1 in the list of all cryptocurrencies by market cap. This reflects the total value of all DBX tokens in circulation, calculated by multiplying the current market price by the circulating supply.
The circulating supply of DBX tokens is . There might be a maximum supply limit, much like Bitcoin's 21 million, which in the case of DBX would determine the total number of tokens that will ever exist. This 10.0B represents the long-term supply cap for DBX.
Cryptocurrencies often fluctuate in price and market perception, leading some people to consider them as potential stores of value or investments. However, it's essential to understand that the value of DBX, like any cryptocurrency, can be highly volatile and unpredictable. Therefore, while some may hold this view, others approach it with caution. It's important for potential holders to do their due diligence and understand the risks involved in cryptocurrency investments.
The security of the DBX network likely involves cryptographic techniques typical of blockchain technology. These might include the use of hash functions, public-private key encryption, and consensus mechanisms to maintain the integrity of the transaction ledger. For specifics regarding DBX's security measures, one should refer to their official documentation or reach out to their community for in-depth explanations.
DBX can be bought and traded on various cryptocurrency exchanges. The actual list of Idax hosting DBX should be checked regularly as it can change over time with new exchanges adding support for the coin or existing ones delisting it.
Keeping DBX tokens safe relies on using secure cryptocurrency wallets and practicing good operational security. Wallets could be software-based, hardware-driven, or even paper wallets, each with its advantages and vulnerabilities. No matter the choice of storage, it's crucial to protect private keys and backup wallet data to ensure access to DBX holdings remains secure.
The current 24-hour trading volume for DBX is . This gives an indication of how much the token has been traded in the last day and can provide insights into the token's liquidity and market activity.
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