Difference between revisions of "DigiByte"

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<span style="font-family:Arial,Helvetica,sans-serif;">As of October 9th 2019 DigiByte has a [https://coinmarketcap.com/currencies/digibyte/ total market cap of over US $104&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>
 
<span style="font-family:Arial,Helvetica,sans-serif;">As of October 9th 2019 DigiByte has a [https://coinmarketcap.com/currencies/digibyte/ total market cap of over US $104&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 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: 0px 0px; text-align: justify;">__TOC__</div>  
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<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].
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</p> <div style="float: left; padding: 0px 0px; text-align: justify;">__TOC__</div>  
  
 
== <span style="font-size:x-large;">'''DigiByte Technical Specifications'''</span> ==
 
== <span style="font-size:x-large;">'''DigiByte Technical Specifications'''</span> ==

Revision as of 08:44, 18 November 2019

DigiByte Introduction

DigiByte (DGB) is a decentralized global UTXO PoW based blockchain (just like Bitcoin) with a 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), DigiShield (February 2014) and Odocrypt (July 2019).

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 285,000 + full node downloads since 2017.

As of today (9 October 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 1066 TPS SegWit weighted, 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 October 9th 2019 DigiByte has a total market cap of over US $104 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.

Contents

DigiByte Technical Specifications

Denominations

Plural DigiBytes
Ticker symbol DGB
Currency symbol Ɗ (Unicode: U+018A)
Precision 10−8

Subunits

mDGB (miliDigiByte) 1/1000
µDGB (microDigiByte) 1/1000000
ɗSats (digiSatoshi, Digis) 1/100000000

Development

Original author(s) Jared Tate
White Paper "Bitcoin: A Peer-to-Peer Electronic Cash System"
Implementation(s) DigiByte Protocol (DigiByte Blockchain code only)
DigiByte Core (DigiByte Core projects & repositories)
Initial release 1.0 / 10 January 2014 (5 years ago)
Latest release 7.17.2 / 3 May 2019 (6 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"
Ledger type Public, Decentralized, UTXO based, Multi-Algorithm.
Timestamping scheme Proof-of-work (Partial hash inversion)
Hash function Five individual SHA256ScryptOdocryptSkein & Qubit
Issuance schedule Decentralized (block reward) Initially Ɗ72,000 per block, 1% reduced every month.
Block reward 643.60 DGB (October 2019)
Block time 15 seconds, (75 seconds per Algo)
Algorithm block share 20% Block Share per Algorithm (5)
Difficulty retarget Every 1 Block, 5 Separate Difficulties, 1 For each Mining Algo.
Block size and capacity Max block size 1MB. 1066 TPS with SegWit weighted.
Block explorer digiexplorer.info
Circulating supply 12,356,210.050 (October 2019)
Supply limit Ɗ21,000,000,000 (Supply limit reached in 2035)
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 Hard forks DigiShieldMultiAlgoMultiShieldDigiSpeed & Odocrypt
4x Soft forks DigiSync, CSV, NVersionBitsDandelion++


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 an unpaid volunteer who devoted their time and skills to a project they believe in.

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 v1.4 (Integrate DigiByte, DGB in your platform)


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 Support

Where to get help (Telegram Support)
DigiSweep (Recover stuck DigiByte from your wallet)
Contact (Business inquiries)
Donations (Directly help the DigiByte Awareness and Outreach Team)
DigiByte application changelogs (Changelogs for the DigiByte apps)

DigiByte Framework 

DigiByte History (Past events from DigiByte)
Original author(s) (Founder & Creator of DigiByte)
DigiByte Teams (DigiByte Team Members)
Cyptocurrency (DGB) (DigiByte Digital Currency)
DigiByte vs Bitcoin (Why you would choose DigiByte over Bitcoin)
What makes up the DigiByte blockchain? (The Three DigiByte Blockchain Layers)
What makes DigiByte Different? (Key attributes that have made DigiByte Different)
What makes DigiByte More Secure? (Key attributes that have made DigiByte More Secure)
What makes DigiByte Faster? (Key attributes that have made DigiByte Faster)
What makes DigiByte Forward Thinking? (Key attributes that have made DigiByte Forward Thinking)
Why so many coins? 21Billion (Explanation about our large Supply limit)

DigiByte Accomplishments 

Roadmap and Milestones (Future progress, events & developments that are completed) 
CyberSecurity Solutions (Cybersecurity cryptographic protocols built on top of the DigiByte Blockchain)
Decentralisation (Key attributes that have made DigiByte Decentralized)
Fast transaction times (Key attributes that created Fast Transaction Times for DigiByte)
Low Fees (Key attributes that created Low Fees for DigiByte)
On Chain Scalability (Why DigiByte scales On-chain vs Off-chain)
Robust security + The Immutable Ledger (Key attributes that have made Robust Security + Immutable Ledger for DigiByte)
DigiShield (DigiByte First Hard fork)
MultiAlgo (DigiByte Second Hard fork)
MultiShield (DigiByte Third Hard fork)
DigiSpeed (DigiByte Fourth Hard fork)
Odocrypt (DigiByte Fifth Hard fork)
DigiAssets (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)
Digi-ID (The blockchain-based cryptographic solution to handling user authentication. Powered by the DigiByte blockchain.)
DigiSync (DigiByte First Soft fork)
CSV (DigiByte Second Soft fork)
NVersionBits (DigiByte Third Soft fork)
Dandelion++ (DigiByte Fourth Soft fork)

DigiByte Guides

Integration Guide v1.4 (Integrate DigiByte, DGB in your platform)
Media Kit (Use Logos, Icons & More)
Running a full node (Run a full copy of the DigiByte Blockchain)
Running a full open node on a Linux server (Run a full copy of the DigiByte Blockchain on Linux serving other nodes)
Running a full open node on a Pine64 Rock64 (Run a full copy of the DigiByte Blockchain on Ubuntu)
Running your own Insight explorer (Create your own DigiByte Explorer)
Upgrading your DigiByte Core Wallet (Instructions for upgrading your Core DigiByte Wallet for Windows, macOS & Linux)
Speeding up sync for your DigiByte Core Wallet (Instructions for speeding up the synchronizing process for your Core DigiByte Wallet for Windows, macOS & Linux)
Port forwarding process for your DigiByte node (Instructions for port forwarding process for your Core DigiByte Wallet for Windows, macOS & Linux)
Building from source (Not yet completed)

DigiByte Ecosystem

Exchanges (Buy, Trade & Sell DGB)
Wallets (Manage & Securely Store your DGB)
Payment Processors (Integrate & Accept DGB)
Explorers (Detailed information about DigiByte blocks, addresses, and transactions)
ATMs (Buy & Sell DGB)
Faucets (Earn DGB)
Aircoins (Find and Collect DigiByte, DGB in Augmented Reality)
Places to spend DGB (Spend DGB)
DGB Debit Cards (Spend DGB with Debit Card)
Built with DigiByte (DigiAssets)

DigiByte Mining

Start Mining DigiByte (Starting guide)
DigiByte Mining Breakdown (The five mining algorithms)
One Click Miner (GPU mining on Windows)
Supported Pools (Pooling of resources by miners)
Supported ASICs (Application-specific integrated circuit)
Supported GPUs (Graphics processing unit)
Supported FPGAs (Field-programmable gate array)
DigiByte CPU Mining with a Pine64 Rock64 (For fun or testing not for profit)
Running a DigiByte Scrypt ASIC Miner Rig with a Raspberry Pi (ASIC mining)

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

Ways to introduce DigiByte (Introduce to DigiByte)
DigiByte Awareness and Outreach Team (DGBAT)
DigiByte Media Kit (Logo's, Icons & More)
Promotional images (PromoteDGB)
DigiByte Memes (Not yet completed)

DigiByte Related Websites

Official Website (Official DigiByte Website)
DigiByte Foundation (Volunteer managed organization that operates in a nonprofit way)
DigiByte Awareness Team (DigiByte Awareness and Outreach Team)
Blockchain 2035 (Jared Tate's Book)
DigiByteWallets (Compare and choose your DigiByte Wallet)
DigiStats (Interactive / historical blockchain statistics)
DigiByte Rocks (Repository of links to useful resources for DigiByte users & developers)
DigiByteTorch (Showcasing DigiAssets)
DiguSign (Securely store, notarize, validate and secure any document)
VESTi (Vest in your future using advanced blockchain technology)
V-ID (Validation service uses blockchain technology to end all document fraud)
AntumID (World Privacy ID and DigiByte Blockchain authentication services)
PromoteDGB (Offers wide range of promotional materials (digital & print) for the DigiByte Blockchain)
Block 30 Labs (BLOCKS powered by DigiByte as a DigiAsset)
DigiBytePay (DigiCafé Mobile Point of Sale App)

DigiByte Articles

Notable Articles (Remarkable articles about DigiByte)
Misc. DGB Articles (Refreshing articles about DigiByte)

DigiByte FAQs

FAQs (Frequently Asked Questions)