Difference between revisions of "DigiByte"

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=== '''Denominations''' ===
 
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Revision as of 11:14, 20 August 2019

DigiByte (DGB) is a decentralized global UTXO PoW based blockchain (just like Bitcoin) with its focus on Cyber Security, DigiAssets & facilitating fast and secure transactions.

The DigiByte blockchain was developed in 2013 and released in January 2014 by Jared Tate (Creator & Founder of DigiByte) with an open-source protocol. 

Although based on Bitcoin, adjustments in the code allow for improved functionality, including 15-second block time, real-time difficulty adjustment and improved security, because of this DigiByte is very suitable for facilitating fast and secure transactions. 

DigiByte is also the first major Altcoin to succesfully activate SegWit (April 2017), MultiAlgo mining (September 2014) and DigiShield (February 2014). 

Since 2014, many other blockchains have adopted DigiByte technology such as DigiShield.

DigiByte has never been funded through an ICO, presale or token sale, nor is there a private company controlling the DigiByte Blockchain in line with our vision for a decentralized digital future.

DGB is the Digital Asset/ Cryptocurrency with a 1000:1 ratio to BTC that is being mined over 21 years (2014-2035) with a max supply of 21Billion in the year 2035. When mass adoption arrives, average people can still afford to buy an entire DigiByte.

With DigiAssets you can build on top of the DigiByte, because it is a secure, scalable secondary layer on top of the global DigiByte blockchain that allows for the decentralized issuance of assets, tokens, smart contracts, digital identity and much more.

DigiByte is secured by 280.000 nodes world-wide and is distributed by 5 parallel cryptographic hashing algorithms (PoW) which secure the network and make it truly un-hackable.

DigiByte transactions are nearly instantaneous and it takes 15 seconds for a first confirmation, because of this DigiByte is 40x faster than Bitcoin.

Thanks to DigiSpeed,DigiByte can scale on-chain with 560 TPS now and will attain 280,000 TPS in 2035 with fees being as low as 0,01 ct USD.

The security of the network, its incredible speed (40 x faster than Bitcoin) & low fees makes DigiByte very suitable for performing safe and fast transactions.

As of July 20th 2019 DigiByte has a total market cap of over US $140 million, but has reached a peak of $1.3B in the past. It is the world's longest, fastest and most secure UTXO(Unspent transaction output) PoW (Proof of Work) based blockchain in existence.


Legal Disclaimer | Privacy Policy  © Copyright DigiByte 2013 - 2019. All Rights Reserved. Released under the MIT license.

DigiByte Technical Specifications

 


Denominations

Plural

DigiBytes

Symbol

Ɗ (Unicode: U+018A , HTML: Ɗ or Ɗ)

Ticker symbol

DGB

Precision

10−8

 

Subunits

​1⁄1000

mDGB (milliDigiByte)

​1⁄1000000

uDGB (microDigiByte)

​1⁄100000000

dSats (DigiSatoshi)

Development

Original author(s)

Jared Tate

White paper

"Bitcoin: A Peer-to-Peer Electronic Cash System"

Implementation(s)

DigiByte Core

Initial release

1.0 / 10 January 2014 (5 years ago)

Latest release

7.17.2 / 3 May 2019 (3 months ago)

Development status

Active

Website

DigiByte.io

Ledger

Ledger start

10 January 2014 (5 years ago)

Genesis Block Hash

"USA Today: 10/Jan/2014, Target: Data stolen from up to 110M customers"

Timestamping scheme

Proof-of-work (partial hash inversion)

Hash function

SHA256ScryptOdocryptSkein & Qubit

Issuance schedule

Decentralized (block reward) Initially Ɗ72,000 per block, 1% halved every month

Block reward

658.21123431 DGB (July 2019)

Block time

15 seconds, (75 seconds per Algo)

Algo Block Share

20% Block Share per Algo (5)

Difficulty Retarget

Every 1 Block, 5 Separate Difficulties, 1 For each Mining Algo

Block explorer

digiexplorer.info

Circulating supply

12,074,749,440 DGB (July 2019)

Supply limit

Ɗ21,000,000,000

Address formats

"D" prefixed Legacy, "S" prefixed p2sh MultiSig/SegWit, "dgb1" prefixed bech32 native SegWit

SegWit Support

Yes. First major Altcoin to successfully activate SegWit. (April 2017)

5x Hardforks

DigiShieldMultiAlgoMultiShieldDigiSpeed & Odocrypt

4x Softforks

SegWit, CSV, NVersionBits & Dandelion++  

 


Contribute Today

Start contributing to DigiByte core development today or begin building your own application on top of the DigiByte blockchain. Everyone that is working on DigiByte is a volunteer. 

DigiByte Official Developers Telegram 🛠(Communicate with other DigiByte developers)

Current version: v7.17.2(Current version of the DigiByte Blockchain)

DigiByte Protocol GitHub(DigiByte Blockchain code only)

DigiByte Core GitHub(DigiByte Core projects & repositories)

DigiAssets Protocol GitHub(Secure, scalable secondary layer on top of the global DigiByte blockchain that allows for the decentralized issuance of assets, tokens, smart contracts, digital identity and much more)

DigiByte Media Kit GitHub(Logos, Icons & More)

DigiByte Integration Guide(List DigiByte, DGB)

 

This wiki is run by the DigiByte community and is open to be added to (After email verification), so in the spirit of decentralization, contributions are also available by anyone. Please avoid shameless self-promotion and referral links.

 

DigiByte Basic Information 

DigiByte Support

DigiByte Ecosystem for Buying, Storing & getting DGB

DigiByte Ecosystem for using DGB

DigiByte Mining

Become Part of the DigiByte Community

DigiByte Marketing

DigiByte Digi-ID

DigiByte Related Websites

DigiByte FAQs

  • FAQs (Frequently Asked Questions)

DigiByte Guides

DigiByte Articles