Difference between revisions of "DigiByte History"
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DigiByte was created on the 10th of January 2014, by Jared Tate. | DigiByte was created on the 10th of January 2014, by Jared Tate. | ||
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| + | <strong><h1>DigiByte Overview</h1></strong> | ||
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| + | [https://digibyte.io/about-digibyte-blockchain DigiByte] 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 https://coinreport.net/tag/digibyte-founder-creator-jared-tate/ Bitcoin]. | ||
| + | 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. | ||
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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. | ||
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| + | === Global Decentralization === | ||
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| + | The DigiByte blockchain is spread over a 200,000+ servers, computers, phones, and nodes worldwide. | ||
== Early days / Pre-launch == | == Early days / Pre-launch == | ||
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Block 1,430,000 Dec. 4th 2015 | Block 1,430,000 Dec. 4th 2015 | ||
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| + | == Soft fork == | ||
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| + | In April 2017 DigiByte became the second major cryptocurrency blockchain (following Groestlcoin) to implement Segregated Witness (SegWit) via the DigiSync soft fork. The technical milestone laid the foundation for implementation of the Lightning Network and cross chain transactions and atomic swaps. | ||
== Additional milestones == | == Additional milestones == | ||
Things like Android / iOS releases etc | Things like Android / iOS releases etc | ||
Revision as of 18:43, 12 August 2018
DigiByte was created on the 10th of January 2014, by Jared Tate.
Contents
DigiByte Overview
DigiByte 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 https://coinreport.net/tag/digibyte-founder-creator-jared-tate/ Bitcoin]. 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.
Global Decentralization
The DigiByte blockchain is spread over a 200,000+ servers, computers, phones, and nodes worldwide.
Early days / Pre-launch
More details to come about the reasons for launching DigiByte, how Jared got into Bitcoin and then DigiByte, decision behind 1000:1 ratio etc
The Launch
- 21 Billion total supply
- 72000 DGB initial block reward
- Count-down via BitcoinTalk
- 0.5 % Pre-Mine (Explain distribution of it etc)
Hard Forks
History of hard forks of DigiByte
DigiShield
Block 67,200. February 28th, 2014
MultiAlgo
Block 145,000. September 1st 2014
MultiShield
Block 400,000. December 10th 2014
DigiSpeed
Block 1,430,000 Dec. 4th 2015
Soft fork
In April 2017 DigiByte became the second major cryptocurrency blockchain (following Groestlcoin) to implement Segregated Witness (SegWit) via the DigiSync soft fork. The technical milestone laid the foundation for implementation of the Lightning Network and cross chain transactions and atomic swaps.
Additional milestones
Things like Android / iOS releases etc
