DigiByte, a secure and fast blockchain since 2014, enhances Bitcoin's framework with innovative algorithms and decentralized applications. More
| Fully Diluted Valuation | $150.19M |
|---|---|
| 24H Trading Volume | $3.11M |
| 24H Low / High | $0.01 / $ 0.01 |
| Circulating Supply | 17.82 B |
| Total Supply | 17.87 B |
| Max Supply | 21.00 B |
| Categories | Internet of Things (IOT) 4 more |
|---|---|
| Founder | Jared Tate |
| Website | DigiByte.org |
| Socials | 10 more |
| 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, Bybit, Gate.io, OKX, Crypto.com cryptocurrency exchanges.
