Difference between revisions of "DigiByte"
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DigiByte pioneered asymmetrical difficulty adjustment mining with DigiShield, which is a widely used technology and the basis of many other blockchains. It is also the first to blockchain to fork from a single proof-of-work algorithm to multi-algorithm mining. | DigiByte pioneered asymmetrical difficulty adjustment mining with DigiShield, which is a widely used technology and the basis of many other blockchains. It is also the first to blockchain to fork from a single proof-of-work algorithm to multi-algorithm mining. | ||
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| + | Activated in December 2014, this hard fork worked to activate <span class="plainlinks">[https://github.com/digibyte/digibyte/commit/2839671abd9807b39a4f8a2a8f52ee939c07ab43 <sup>DigiShield</sup><sup>]</sup>across the new MultiAlgo platform and accomplish the same goals on all five mining pools. | ||
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* [[Block timing]] | * [[Block timing]] | ||
Revision as of 19:01, 12 August 2018
Contents
DigiByte (DGB)
DigiByte (DGB) is an open-source cryptocurrency running on the DigiByte Blockchain, a decentralized international blockchain created in 2013. The DigiByte coin was developed in 2013 and released in January 2014 [1]. Although based on Bitcoin, adjustments in the code allow for improved functionality, including 15-second block time and improved security. As of July 2018 DigiByte has a total market cap of over US $500 million[2]. It is the world's longest, fastest and most secure UTXO blockchain in existence.
(more to be added)
Buying & Storing DGB
Support
Technical info
DigiByte[3] was created by programmer and entrepreneur Jared Tate with the goal of creating a fast and secure cryptocurrency that could reach a wider and more decentralized community than Bitcoin[4].The first DigiByte block was mined on January 10, 2014, and included the headline from USA Today: “Target: Data stolen from up to 110M customers," hashed into the Genesis block to mark the importance of security in digital transactions. Also included was a premine to pay developers and early adopters.
DigiByte pioneered asymmetrical difficulty adjustment mining with DigiShield, which is a widely used technology and the basis of many other blockchains. It is also the first to blockchain to fork from a single proof-of-work algorithm to multi-algorithm mining.
Activated in December 2014, this hard fork worked to activate DigiShieldacross the new MultiAlgo platform and accomplish the same goals on all five mining pools.
