Presentation and definition of the crypto-currency DigiByte (DGB)

Presentation and definition of the crypto-currency DigiByte (DGB)

  • Name of the crypto-currency : DigiByte
  • Acronym : DGB
  • Where to buy DigiByte ? Binance
  • Creation Date : January 2014
  • No white paper
  • Web Site for DigiByte

DigiByte, what is that ?

DigiByte is a crypto-currency linked to a blockchain decentralized. It allows transactions to be fast and secure. Its creator, Jared Tate, had the ambition to launch a virtual currency a lot faster than the Bitcoin and reach a larger community.

The technology DigiShield and MultiShield

For mining, the network DigiByte has implemented shortly after its creation, the technology DigiShield. It allows you to adjust the complexity of the mining, every minute. The purpose of this process is to avoid pools of miners can undermine the DGB in too great a quantity, because of the difficulty of calculation is too low. Other crypto-currencies have then decided to add this feature. Today, it is the process MultiShield which replaces DigiShield. MultiShied is a more advanced version that allows you to act on the 5 algorithms mining of the network DigiByte. This new technology ensures greater security on the network, in order to prevent any hackages.

The benefits of DigiByte

Transactions via the blockchain DigiByte are 40 times faster than on the Bitcoin network. In fact, on DigiByte, only 15 seconds are needed to validate a block, versus 10 minutes for Bitcoin. The network DigiByte offers other interesting features such as a wallet built to keep the chips DGB and the ability to create decentralized applications.

The token DGB

The network DigiByte uses tokens to DGB. The emission limit has been set at 21 billion units, which should be in circulation by the year 2035. Unlike other crypto-currencies, DigiByte has not been funded by an ICO (Initial Corner Offering).