Digibyte: What is DGB? EXPLAINED!

DigiByte is a public, rapidly growing and highly decentralized blockchain. DigiBytes are digital assets that cannot be destroyed, counterfeited or hacked, making them ideal for protecting objects of value like currency, information, property or important digital data, Cyber Security, DigiAssets, and Payments& Secure Communications Technologies. 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 these adjustments in the code, DigiByte is very suitable for facilitating fast and secure transactions and more scalable with growing use. 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 like Ethereum, Bitcoin Cash, Zcash&Dogecoin have adopted DigiByte technology such as DigiShield. 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, however not the first cryptocurrency to use multi-algorithm. Now you might ask what is digisheild? Well let me tell you Digishield is a unique way allowing for difficulty to get reduce in a fast manner, so that freezing on the blockchain can be prevented. I am sure, none of us want to be waiting for hour long confirmations am I right? DigiByte has never been funded through an ICO, presale or token sale, nor is there a private company controlling the DigiByteBlockchain in line with our vision for a decentralized digital future. As of July 2018 DigiByte has a total market cap of over US $500 million. It is the world's longest, fastest and most secure UTXO blockchain in existence. The open source nature of DigiByte has attracted the global community of developers to build projects on the DigiByteblockchain. Mine That Digi is a gaming platform that rewards players of Minecraft with DigiBytes.

2022-09-09

Digibyte: What is DGB? EXPLAINED!