DGB
No. 256Price
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What is DigiByte?
DigiByte (DGB) is a decentralized blockchain launched in 2014. With 15-second block times and real-time difficulty adjustments, DigiByte ensures swift and secure transactions. Pioneering innovations like SegWit activation and MultiAlgo mining underscore its technological leadership. DigiByte's commitment to decentralization is evident; it has never undergone ICOs or token sales. With a 21-year mining period and a max supply of 21 billion, DGB promotes accessibility. DigiAssets further empower users, offering a secure layer for asset issuance and smart contracts. With over 330,000 full node downloads and unparalleled security features, DigiByte stands as a beacon of blockchain innovation.
Who Created DigiByte (DGB) ？
Jared Tate, known as "DigiMan," is the founder of DigiByte. With a diverse background encompassing computer programming, military training, and athletics, he launched DigiByte in 2014, introducing groundbreaking blockchain innovations like DigiShield and SegWit.
How does DigiByte (DGB) work?
DigiByte (DGB) operates on a multi-layered blockchain enabling global, irreversible, and permissionless transactions. Users can send and receive DGB coins worldwide. The blockchain comprises three layers: the Application Layer for dapps, the Consensus Layer for transaction recording and DGB issuance, and the Network Layer for communication protocols.
DigiByte utilizes a variation of Bitcoin's Proof-of-Work (PoW) consensus mechanism, allowing computers running DigiByte's software to secure the network and validate transactions. Unlike Bitcoin, DigiByte mining is accessible to a wider audience, requiring consumer-grade hardware.
Notably, DigiByte supports Digiassets, facilitating the creation of customizable crypto assets on its blockchain, and Digi-ID, an authentication system enhancing security by eliminating the need for usernames and passwords while preserving user privacy.
Tokenomics
What is DigiByte used for?
DigiByte (DGB) serves as a decentralized digital currency and its network boasts a fast block time of 15 seconds and utilizes multiple consensus algorithms including SHA256d, Skein, Qubit, Odocrypt (FPGA), and Scrypt, making it accessible for miners familiar with Bitcoin (BTC) and Litecoin (LTC) protocols.
Token Distribution
DigiByte (DGB) has a total supply capped at 21 billion, to be fully mined by 2035. Initially, 0.5% of the DGB supply was pre-mined and distributed to early adopters.
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