It's crazy the one of the best coins out there is still under the radar. Mineable , decentralized, CRAZY FAST, secure, scalable, asset layer in the works, real word projects in use, DAPP layer, IOT, AI! ALL FOR JUST A PENNY!
#1 - What is DigiByte?
DigiByte is one of the older class of cryptocurrencies, witnessing some pretty rapid commercial adoption. It claims to be running the longest blockchain in the world, thanks to its faster block time.
DigiByte : The Basics
DGB genesis block was launched on 10th January 2014. It was launched without Initial Token Sale.
It uses a multi-algorithm approach that creates different proof of work (PoW) mining methods & increases mining capacity & hence, the accessibility to DigiByte mining pools. This prevents centralization and secures the network against a 51% attack.
DigiByte Development
Digibyte was developed by Jared Tate in 2014 who is also its lead developer. The DigiByte Blockchain is not controlled by any private company. The team regularly upgrades its system to add new features.
The Digibyte team is developing a mining algorithm swap to make mining more decentralised. Its most awaited project is the “Core 4.1.3” protocol that will let users create and enter into the smart contracts on its blockchain. This could push the coin on a bull run.
The team claims to be developing technology to apply DigiByte security to IoT devices & other communication services as well.
DigiByte Technology
DigiByte has 5 advanced mining algorithms that help maintain mining decentralisation. These 5 Proof of Work algorithms split the Digibyte mining operations and mining power to facilitate secure transactions.
The load on the 5 mining algorithms is rebalanced using MultiShied technology. This adjusts the difficulty of all the nodes to avoid the domination of one algorithm over another and manipulation of smaller blockchains.
Segregated Witness technology provides scalability by making the ledger size more compact. It also enables cross-chain transactions and single confirmation transactions.
DigiByte software has three layers:
Core Communications & Global Network links all the nodes on the network and allows basic data transfer between nodes and other layers.
A Public Ledger & Digital Assets store the data on DigiByte’s network and protects against data manipulation.
The Applications layer is Digibyte blockchain’s top most layer. It is DGB’s user-facing part which enables transfers & API. Users can build and host both decentralised applications and centralised applications on the DigiByte chain.
Features
DigiByte separates the transaction confirmations and information stored within the block using SegWit (Segregated Witness). This increases the transaction speed. It is amongst the the fastest public UTXO blockchains, with 15 second block timings.
Decentralization is at the core of the DGB cryptocoin, as it has over 100,000 servers, computers, phones and nodes worldwide.
The rigidity of general blockchain design limits its size and scope to increase speed, efficiency, and throughput, but secures the network. However, transaction limits on DGB can be increased to handle many more transactions per second than Bitcoin.
DiguSign lets users embed & validate any document or contract and send it to DigiByte’s decentralised blockchain. It has multiple use cases for governments, healthcare systems, etc.
#1 - What is DigiByte?
DigiByte is one of the older class of cryptocurrencies, witnessing some pretty rapid commercial adoption. It claims to be running the longest blockchain in the world, thanks to its faster block time.
DigiByte : The Basics
DGB genesis block was launched on 10th January 2014. It was launched without Initial Token Sale.
It uses a multi-algorithm approach that creates different proof of work (PoW) mining methods & increases mining capacity & hence, the accessibility to DigiByte mining pools. This prevents centralization and secures the network against a 51% attack.
DigiByte Development
Digibyte was developed by Jared Tate in 2014 who is also its lead developer. The DigiByte Blockchain is not controlled by any private company. The team regularly upgrades its system to add new features.
The Digibyte team is developing a mining algorithm swap to make mining more decentralised. Its most awaited project is the “Core 4.1.3” protocol that will let users create and enter into the smart contracts on its blockchain. This could push the coin on a bull run.
The team claims to be developing technology to apply DigiByte security to IoT devices & other communication services as well.
DigiByte Technology
DigiByte has 5 advanced mining algorithms that help maintain mining decentralisation. These 5 Proof of Work algorithms split the Digibyte mining operations and mining power to facilitate secure transactions.
The load on the 5 mining algorithms is rebalanced using MultiShied technology. This adjusts the difficulty of all the nodes to avoid the domination of one algorithm over another and manipulation of smaller blockchains.
Segregated Witness technology provides scalability by making the ledger size more compact. It also enables cross-chain transactions and single confirmation transactions.
DigiByte software has three layers:
Core Communications & Global Network links all the nodes on the network and allows basic data transfer between nodes and other layers.
A Public Ledger & Digital Assets store the data on DigiByte’s network and protects against data manipulation.
The Applications layer is Digibyte blockchain’s top most layer. It is DGB’s user-facing part which enables transfers & API. Users can build and host both decentralised applications and centralised applications on the DigiByte chain.
Features
DigiByte separates the transaction confirmations and information stored within the block using SegWit (Segregated Witness). This increases the transaction speed. It is amongst the the fastest public UTXO blockchains, with 15 second block timings.
Decentralization is at the core of the DGB cryptocoin, as it has over 100,000 servers, computers, phones and nodes worldwide.
The rigidity of general blockchain design limits its size and scope to increase speed, efficiency, and throughput, but secures the network. However, transaction limits on DGB can be increased to handle many more transactions per second than Bitcoin.
DiguSign lets users embed & validate any document or contract and send it to DigiByte’s decentralised blockchain. It has multiple use cases for governments, healthcare systems, etc.