DigiByte (DGB) is a public, fast growing and highly decentralized blockchain. It was founded in 2014 and it blockchain, fast growing and highly decentralized. It is also parto f the first acknowledged cryptocurrency projects. DGB has a faster, decentralized, scalable and secure network than many other cryptocurrencies in the market. This model was the first to implement Segregated Witnesses which allow maintaining and guaranteeing speed in each of their transactions, whether they are cross-chain or unique confirmations.
DGB holders claim that it is at the forefront of crypto technology. They say that over time their superior technology will beat Bitcoin, Litecoin and other digital cash options.
In contradiction to what the cryptocurrency represents, its growth over the past four years has been slow. It is still a relatively dark currency compared to its competitors. On its website we find a lot of excellent marketing texts and buzzwords. Despite this, there is little technical information on how the network really works. It is difficult to get an idea of DigiByte’s real achievements against his future plans.
DigiBytes are tokens that cannot be destroyed or falsified, which makes them ideal for protecting valuable objects such as currency, information, property or important digital data.
They can be sent through the DigiByte blockchain and registered forever in an immutable public book that is decentralized to thousands of computers across the planet. Among its most outstanding features we can understand that it has excellent levels of scalability, the speed of its transactions stands out as one of the best in the market, proven technology for 5 years and a development team that you can trust.
DGB Security System
It is safe to say that one of the things that DigiByte highlights is the level of security with which it shelters its users. This is due to four basic aspects of DGB:
Global decentralization: the DigiByte blockchain is distributed in more than 100,000 servers, computers, telephones and nodes worldwide.
Five Mining Algorithms: DigiByte uses five secure and advanced cryptographic mining algorithms. In this way it avoids the centralization of mining compared to the single-algorithm block chains. It has the security of hash of ASIC, and it can also be mined through GPU, it has more than 200,000 node downloads surpassing Bitcoin, Litecoin, Ethereum.
It has a ratio of 1000: 1 DigiByte to Bitcoin which makes it a crypto with greater manageability and much easier to understand by the 300,000 users who will be in the project, because it is easier to pay 2 DGB than 0.00003 BTC, It is not 100 % pre-completed and was not distributed in an ICO, which means that there is no central entity that manages it.
Advanced difficulty stability: Difficulty settings protect a blockchain from various forms of malicious attacks. By creating and implementing DigiShield and MultiShield, DigiByte has more advanced difficulty stability than any current blockchain.
DGB acceptance in the community
DigiByte currently has a market capitalization of $106,820,796 USD. This is based on a circulating supply of 12,195,332,546 DGB, more than half of the maximum supply of 21,000,000,000. Its price at the moment is $0.008759.
DGB is widely accepted in crypto exchanges. Exchanges such as Bittrex, Poloniex, Sistemkoin, HitBTC, Kucoin, Upbit and YoBit have significant daily trading volumes of the cryptocurrency. DGB has three different trading pairs wich are BTC, USDT and ETH, joined by occasional fiat currencies.
DigiByte makes things easy for us to store our assets, offers wallets for all operating systems, and there is third-party support from Coinomi, Ledger, Trezor, Guarda, Exodus, Satowallet and more.
DigiByte transactions are processed in 15 seconds and notify the wallet in 1-2 seconds, which makes it a very easy and fast way to make a purchase and you should not wait long for the first confirmation to appear, unlike Bitcoin In approximately 90 seconds the transaction is confirmed and can now be transferred to another account or simply left stored in the wallet.
DigiByte mining is the process by which new DigiBytes enter the global network. This process is carried out through a process known as proof-of-work (PoW). POW is considered the safest method to ensure trust and security in the blockchain.
Mining is carried out by donating its computing power to process “blocks” of transactions in the network. You will need a CPU, GPU or ASIC hardware connected to your computer to undermine DigiByte. You will also need specialized mining software and a DigiByte wallet.
Creation and first steps
Jared Tate is the programmer and entrepreneur who developed DigiByte in 2013 and launched the genesis block in January 2014. At that time, DigiByte was one of the few public blockchain projects. It was launched without an initial token sale (ICO).
By then, Tate said he was dissatisfied with the security and speed of Bitcoin, and decided to launch with the bold idea of creating something better. The first big breakthrough for DigiByte was its DigiShield fork just one month after its launch, which allowed it to protect its blockchain against the threat of multi-pools that inflate the value of the coin when mined too easily. This is a valuable technology that has since been implemented to protect other cryptocurrencies such as Dogecoin. According to the team, other cryptocurrencies will also adopt the technology.
After the launch, Tate dedicated himself full-time to the development of DigiByte. Since then, funds for the project have been donated to the DigiByte Foundation. It is also reasonable to assume that Tate and other people involved in the project have a significant amount of DGB from mining and initial transactions. Their wealth would multiply every time the DGB price increases.