DigiByte

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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.

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Buying & Storing DGB

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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 February 2014 this hard fork allowed for the DigiByte blockchain to protect against multi-pools that mine large numbers of DigiByte at a low difficulty. It achieves this by recalculating block difficulty between each block, allowing for a faster correction when a multi-pool begins or ceases contributing to DigiByte, rather than recalculating once every fortnight as is the case with Bitcoin. Since then DigiShield has been added into over 25 other cryptocurrency blockchains such as Dogecoin, Startcoin, Zcash, AuroraCoin, BitcoinGold, BitTokens, CasinoCoin, CreativeCoin, Granite, Huncoin, Monacoin, Mooncoin, Nautiluscoin, Quatloo, SakuraCoin, Scorecoin, SmartCoin, StartCoin, SuperiorCoin, And Ubiq, with the help of the DigiByte Core team.

MultiShield

Activated in December 2014, this hard fork worked to activate DigiShield across the new MultiAlgo platform and accomplish the same goals on all five mining pools. Source Code


Using DGB

Mining

Community

Marketing DigiByte

Related DigiByte Websites

DigiByte Foundation
Integration Guides