Difference between revisions of "DigiByte"

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<div style="float: right; padding: 25px 50px; text-align: justify;">__TOC__</div> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">[https://digibyte.io/ DigiByte] ([https://www.dgbwiki.com/index.php?title=Cyptocurrency_(DGB) DGB]) is a [https://en.wikipedia.org/wiki/Decentralization decentralized] global&nbsp;[https://en.wikipedia.org/wiki/Unspent_transaction_output UTXO]&nbsp;[https://en.wikipedia.org/wiki/Proof_of_work PoW]&nbsp;based&nbsp;[https://digibyte.io/digibyte-blockchain-faq blockchain]&nbsp;(just like [https://en.wikipedia.org/wiki/Bitcoin Bitcoin]) with its focus on [https://www.dgbwiki.com/index.php?title=DigiByte_CyberSecurity_Solutions Cyber Security], [https://www.dgbwiki.com/index.php?title=DigiAssets DigiAssets], [https://www.dgbwiki.com/index.php?title=DigiByte#DigiByte_Ecosystem_for_using_DGB Payments]</span>&nbsp;& Secure Communications Technologies.</p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">The DigiByte blockchain was developed in 2013 and released in [https://www.digibyte.io/digibyte-frequently-asked-questions January 2014]&nbsp;by [https://www.dgbwiki.com/index.php?title=Original_author(s) Jared Tate] (Creator & Founder of&nbsp;DigiByte)&nbsp;with an open-source protocol.&nbsp;</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">Although based on [https://en.wikipedia.org/wiki/Bitcoin Bitcoin], adjustments in the code allow for improved functionality, including 15-second block time, real-time difficulty adjustment and improved security.</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">Because of these adjustments in the code, DigiByte is very suitable for facilitating fast and secure transactions.</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">DigiByte is also the&nbsp;[https://twitter.com/digibytecoin/status/857995712843448320?lang=en first major Altcoin to successfully activate SegWit]</span><font color="#000000"><span style="font-size: 10.8333px;">&nbsp;(</span></font><span style="font-family:Arial,Helvetica,sans-serif;">April 2017), [https://www.dgbwiki.com/index.php?title=MultiAlgo MultiAlgo mining]&nbsp;(September 2014) and [https://www.dgbwiki.com/index.php?title=DigiShield DigiShield]&nbsp;(February 2014).&nbsp;</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">Since 2014, many other blockchains like&nbsp;</span>Ethereum, Bitcoin Cash, Zcash & Dogecoin&nbsp;<span style="font-family:Arial,Helvetica,sans-serif;">have adopted DigiByte technology such as [https://www.dgbwiki.com/index.php?title=DigiShield DigiShield].</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">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.</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">[https://www.dgbwiki.com/index.php?title=Cyptocurrency_(DGB) DGB]&nbsp;is the Digital Asset/ [https://www.investopedia.com/terms/c/cryptocurrency.asp Cryptocurrency]&nbsp;with a&nbsp;1000:1 ratio to BTC that&nbsp;is being mined over 21 years (2014-2035)&nbsp;with a max supply of [https://www.dgbwiki.com/index.php?title=Why_so_many_coins?_21Billion 21Billion] in the year 2035. When mass adoption arrives,&nbsp;</span>average people can still afford to buy an entire DigiByte.</p> <p style="text-align: justify;">With <span style="font-family:Arial,Helvetica,sans-serif;">[https://www.dgbwiki.com/index.php?title=DigiAssets DigiAssets]</span> you can build on top of DigiByte, because&nbsp;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.</p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">DigiByte have&nbsp;had 280,000 + full node downloads since 2017.&nbsp;</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">As&nbsp;of today (21 August 2019) 12,000 nodes&nbsp;are active world-wide &&nbsp;the network is distributed by [https://www.dgbwiki.com/index.php?title=DigiByte_Mining_Breakdown 5 parallel cryptographic hashing algorithms] ([https://en.wikipedia.org/wiki/Proof_of_work PoW]) which secure the network and make it truly un-hackable.</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">DigiByte transactions are nearly instantaneous and it takes 15 seconds for a first confirmation, this makes DigiByte 40x faster than [https://en.wikipedia.org/wiki/Bitcoin Bitcoin].</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">Thanks to </span><span style="color:#000000;">[https://www.dgbwiki.com/index.php?title=DigiSpeed DigiSpeed],&nbsp;</span><span style="font-family:Arial,Helvetica,sans-serif;">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.</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">The security of the network, it's incredible speed ([https://www.dgbwiki.com/index.php?title=DigiSpeed 40 x faster than Bitcoin]) & low fees makes DigiByte very suitable for performing fast and safe&nbsp;transactions.</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">As of August&nbsp;21th 2019 DigiByte has a [https://coinmarketcap.com/currencies/digibyte/ total market cap of over US $107&nbsp;million], but has reached a peak of $1.3B in the past. It is the world's longest, fastest and most secure UTXO([https://en.wikipedia.org/wiki/Unspent_transaction_output Unspent transaction output]) PoW ([https://en.wikipedia.org/wiki/Proof_of_work Proof of Work]) based blockchain in existence.</span></p> <p style="text-align: justify;"><br/> [https://digibyte.io/digibyte-legal-disclaimer Legal Disclaimer]&nbsp;|&nbsp;[https://digibyte.io/digibyte-privacy-policy Privacy Policy]&nbsp; © Copyright DigiByte 2013 - 2019. All Rights Reserved. Released under the&nbsp;[https://opensource.org/licenses/mit-license.php MIT license].</p>  
+
<div style="float: right; padding: 25px 50px; text-align: justify;">__TOC__</div> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">[https://digibyte.io/ DigiByte] ([https://www.dgbwiki.com/index.php?title=Cyptocurrency_(DGB) DGB]) is a [https://en.wikipedia.org/wiki/Decentralization decentralized] global&nbsp;[https://en.wikipedia.org/wiki/Unspent_transaction_output UTXO]&nbsp;[https://en.wikipedia.org/wiki/Proof_of_work PoW]&nbsp;based&nbsp;[https://digibyte.io/digibyte-blockchain-faq blockchain]&nbsp;(just like [https://en.wikipedia.org/wiki/Bitcoin Bitcoin]) with its focus on [https://www.dgbwiki.com/index.php?title=DigiByte_CyberSecurity_Solutions Cyber Security], [https://www.dgbwiki.com/index.php?title=DigiAssets DigiAssets], [https://www.dgbwiki.com/index.php?title=DigiByte#DigiByte_Ecosystem_for_using_DGB Payments]</span>&nbsp;& Secure Communications Technologies.</p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">The DigiByte blockchain was developed in 2013 and released in [https://bitcointalk.org/index.php?topic=408268.0 January 2014]&nbsp;by [https://www.dgbwiki.com/index.php?title=Original_author(s) Jared Tate] (Creator & Founder of&nbsp;DigiByte)&nbsp;with an open-source protocol.&nbsp;</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">Although based on [https://en.wikipedia.org/wiki/Bitcoin Bitcoin], adjustments in the code allow for improved functionality, including 15-second block time, real-time difficulty adjustment and improved security.</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">Because of these adjustments in the code, DigiByte is very suitable for facilitating fast and secure transactions.</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">DigiByte is also the&nbsp;[https://twitter.com/digibytecoin/status/857995712843448320?lang=en first major Altcoin to successfully activate SegWit]</span><font color="#000000"><span style="font-size: 10.8333px;">&nbsp;(</span></font><span style="font-family:Arial,Helvetica,sans-serif;">April 2017), [https://www.dgbwiki.com/index.php?title=MultiAlgo MultiAlgo mining]&nbsp;(September 2014) and [https://www.dgbwiki.com/index.php?title=DigiShield DigiShield]&nbsp;(February 2014).&nbsp;</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">Since 2014, many other blockchains like&nbsp;</span>Ethereum, Bitcoin Cash, Zcash & Dogecoin&nbsp;<span style="font-family:Arial,Helvetica,sans-serif;">have adopted DigiByte technology such as [https://www.dgbwiki.com/index.php?title=DigiShield DigiShield].</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">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.</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">[https://www.dgbwiki.com/index.php?title=Cyptocurrency_(DGB) DGB]&nbsp;is the Digital Asset/ [https://www.investopedia.com/terms/c/cryptocurrency.asp Cryptocurrency]&nbsp;with a&nbsp;1000:1 ratio to BTC that&nbsp;is being mined over 21 years (2014-2035)&nbsp;with a max supply of [https://www.dgbwiki.com/index.php?title=Why_so_many_coins?_21Billion 21Billion] in the year 2035. When mass adoption arrives,&nbsp;</span>average people can still afford to buy an entire DigiByte.</p> <p style="text-align: justify;">With <span style="font-family:Arial,Helvetica,sans-serif;">[https://www.dgbwiki.com/index.php?title=DigiAssets DigiAssets]</span> you can build on top of DigiByte, because&nbsp;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.</p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">DigiByte have&nbsp;had 280,000 + full node downloads since 2017.&nbsp;</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">As&nbsp;of today (21 August 2019) 12,000 nodes&nbsp;are active world-wide &&nbsp;the network is distributed by [https://www.dgbwiki.com/index.php?title=DigiByte_Mining_Breakdown 5 parallel cryptographic hashing algorithms] ([https://en.wikipedia.org/wiki/Proof_of_work PoW]) which secure the network and make it truly un-hackable.</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">DigiByte transactions are nearly instantaneous and it takes 15 seconds for a first confirmation, this makes DigiByte 40x faster than [https://en.wikipedia.org/wiki/Bitcoin Bitcoin].</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">Thanks to </span><span style="color:#000000;">[https://www.dgbwiki.com/index.php?title=DigiSpeed DigiSpeed],&nbsp;</span><span style="font-family:Arial,Helvetica,sans-serif;">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.</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">The security of the network, it's incredible speed ([https://www.dgbwiki.com/index.php?title=DigiSpeed 40 x faster than Bitcoin]) & low fees makes DigiByte very suitable for performing fast and safe&nbsp;transactions.</span></p> <p style="text-align: justify;"><span style="font-family:Arial,Helvetica,sans-serif;">As of August&nbsp;21th 2019 DigiByte has a [https://coinmarketcap.com/currencies/digibyte/ total market cap of over US $107&nbsp;million], but has reached a peak of $1.3B in the past. It is the world's longest, fastest and most secure UTXO([https://en.wikipedia.org/wiki/Unspent_transaction_output Unspent transaction output]) PoW ([https://en.wikipedia.org/wiki/Proof_of_work Proof of Work]) based blockchain in existence.</span></p> <p style="text-align: justify;"><br/> [https://digibyte.io/digibyte-legal-disclaimer Legal Disclaimer]&nbsp;|&nbsp;[https://digibyte.io/digibyte-privacy-policy Privacy Policy]&nbsp; © Copyright DigiByte 2013 - 2019. All Rights Reserved. Released under the&nbsp;[https://opensource.org/licenses/mit-license.php MIT license].</p>  
 
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Revision as of 02:00, 21 August 2019

DigiByte (DGB) is a decentralized global UTXO PoW based blockchain (just like Bitcoin) with its focus on Cyber Security, DigiAssets, Payments & Secure Communications Technologies.

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 these adjustments in the code, DigiByte is very suitable for facilitating fast and secure transactions.

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

Since 2014, many other blockchains like Ethereum, Bitcoin Cash, Zcash & Dogecoin 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 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 have had 280,000 + full node downloads since 2017. 

As of today (21 August 2019) 12,000 nodes are active world-wide & the network 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, this makes DigiByte 40x faster than Bitcoin.

Thanks to DigiSpeedDigiByte 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, it's incredible speed (40 x faster than Bitcoin) & low fees makes DigiByte very suitable for performing fast and safe transactions.

As of August 21th 2019 DigiByte has a total market cap of over US $107 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)

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" prefix Legacy, "S" prefix p2sh MultiSig/SegWit, "dgb1" prefix bech32 native SegWit

SegWit Support

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

5x Hardforks

DigiShieldMultiAlgoMultiShieldDigiSpeed & Odocrypt

4x Softforks

DigiSync, CSV, NVersionBits & Dandelion++  


Contribute Today

Start contributing to DigiByte core development today or begin building your own application on top of the DigiByte blockchain. 

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)

 

Everyone that is working on DigiByte is a unpaid volunteer who devoted their time and skills to a project they believe in.

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

  • Social Media (Primary social media platforms to keep up with the latest news)
  • Telegram Groups (Most popular way to engage with the DigiByte Global Community)
  • Regional Websites (DigiByte Community in different countries or regions)

DigiByte Marketing

DigiByte Digi-ID

DigiByte Related Websites

DigiByte FAQs

  • FAQs (Frequently Asked Questions)

DigiByte Guides

DigiByte Articles