DigiByte, a secure and fast blockchain since 2014, enhances Bitcoin's framework with innovative algorithms and decentralized applications. More
| Fully Diluted Valuation | $159.53M |
|---|---|
| 24H Trading Volume | $4.01M |
| 24H Low / High | $0.01 / $ 0.01 |
| Circulating Supply | 17.82 B |
| Total Supply | 17.82 B |
| Max Supply | 21.00 B |
| Categories | Internet of Things (IOT) 4 more |
|---|---|
| Founder | Jared Tate |
| Website | DigiByte.org |
| Socials | 10 more |
| Chains | DigiByte Ecosystem |
| Explorer | Altexplorer 5 more |
| Name | Pair | OG Score |
|---|
DigiByte, originating in 2013 and released in 2014, stands as a distinctive modification of the Bitcoin protocol, prioritizing enhanced confirmation speeds and security assurances on its base layer. This open source blockchain platform encompasses DigiByte (DGB), established through a Bitcoin fork, with its genesis block mined in January 2014. DigiByte's uniqueness lies in its adoption of five different algorithms to fortify security and optimize transaction speed and capacity, aiming to diversify possibilities beyond Bitcoin's framework.
At its core, DigiByte operates on a three-tiered structure, comprising a smart contract "App Store," a public ledger, and a core protocol fostering node communication for transaction relaying. Its innovative approach not only bolsters security but also introduces DigiAssets, empowering developers to create digital assets, decentralized applications (DApps), and corresponding smart contracts within the DigiByte ecosystem. This offering aligns with the platform's commitment to open-source governance and accessibility, emphasizing voluntary governance structures and transaction fee distributions to miners validating the blockchain.
Securing the DigiByte network involves the utilization of five proof-of-work algorithms, mitigating risks associated with double spending or 51% attacks. The platform's robust difficulty adjustments and frequent block generation of approximately 15 seconds underline its resilience, demonstrating a longer chain of proof-of-work compared to Bitcoin, showcasing its longevity and commitment to sustained blockchain integrity.
DigiByte, a rapidly growing blockchain, boasts nine years of progressive development, positioning itself as one of the most secure, fastest, longest, and decentralized UTXO blockchains, contributing significantly to the evolution of blockchain technology.
DigiByte stands out with its adoption of five algorithms, enhancing security and transaction speed beyond Bitcoin.
DigiByte was founded by Jared Tate, who initiated the development of the platform in 2013.
DigiByte is a community-driven project without significant backing or investors, relying on community support and contributions.
DigiByte operates on a proof-of-work (PoW) consensus, utilizing five different algorithms to secure its blockchain.
You can buy DigiByte (DGB) on Binance, Gate.io, Bybit, OKX, Crypto.com cryptocurrency exchanges.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of DigiByte (DGB) is ($17,821,310,119), max supply of DigiByte DGB is ($21,000,000,000) and the market cap of DigiByte DGB is ($159,502,041).
What is the DigiByte (DGB) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of DigiByte (DGB) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether DigiByte (DGB) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (DigiByte DGB) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does DigiByte (DGB) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether DigiByte (DGB) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
