Difference between revisions of "DigiByte"
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<strong><h1>DigiByte (DGB)</h1></strong> | <strong><h1>DigiByte (DGB)</h1></strong> | ||
| − | DigiByte (DGB) is an open-source cryptocurrency running on the DigiByte Blockchain, a decentralised international blockchain created in 2013. The DigiByte coin was developed in 2013 and released in January 2014. | + | DigiByte (DGB) is an open-source cryptocurrency running on the DigiByte Blockchain, a decentralised 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. |
| − | DigiByte Overview[3] | + | <strong><h1>DigiByte Overview[3]</h1></strong> |
DigiByte 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 decentralised 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 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 decentralised 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. | 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. | ||
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| + | <strong><h1>Global Decentralization</h1></strong> | ||
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| + | The DigiByte blockchain is spread over a 200,000+ servers, computers, phones, and nodes worldwide.[5] | ||
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| + | <strong><h1>Soft fork</h1><strong> | ||
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| + | In April 2017 DigiByte became the second major cryptocurrency blockchain (following Groestlcoin) to implement Segregated Witness (SegWit) via the DigiSync soft fork. The technical milestone laid the foundation for implementation of the Lightning Network and cross chain transactions and atomic swaps. | ||
== Buying & Storing DGB == | == Buying & Storing DGB == | ||
Revision as of 17:30, 12 August 2018
Welcome to DigiByte Wiki
Contents
DigiByte (DGB)
DigiByte (DGB) is an open-source cryptocurrency running on the DigiByte Blockchain, a decentralised 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.
DigiByte Overview[3]
DigiByte 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 decentralised 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.
Global Decentralization
The DigiByte blockchain is spread over a 200,000+ servers, computers, phones, and nodes worldwide.[5]
Soft fork
In April 2017 DigiByte became the second major cryptocurrency blockchain (following Groestlcoin) to implement Segregated Witness (SegWit) via the DigiSync soft fork. The technical milestone laid the foundation for implementation of the Lightning Network and cross chain transactions and atomic swaps.
