DigiByte

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Revision as of 07:45, 20 August 2019 by NigelDigiByte (talk | contribs)
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DigiByte (DGB) is a decentralized global PoW UTXO blockchain (just like Bitcoin) with its focus on Cyber Security.

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 successfully 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 and is being mined over time (21 Billion over 21 years 2014-2035 with a 1000:1 ratio to BTC) with a max supply of 21Billion in 2035. When mass adoption arrives, average people can still afford to buy an entire DigiByte.

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 and 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 PoW (Proof of Work) UTXO(Unspent transaction output) blockchain in existence.


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DigiByte Technical Specifications

Launch Date:

January 10th, 2014

Genesis Block Hash:

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

Blockchain Type:

PublicDecentralizedUTXO PoW basedMulti-Algorithm

Ticker Symbol:

DGB

Current Supply:

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

Max Total Supply:

21 Billion DigiBytes in 21 Years (2014 - 2035)

Current Block Reward:

658.21123431 DGB (July 2019)

Block Reward Reduction:

1% Monthly

Multi Mining Algorithms:

SHA256ScryptOdocryptSkein & Qubit

Block Timing:

15 Second Blocks, (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

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++  


You can Contribute Today

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

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)

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

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 Technical Info 

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