Jared Tate, a programmer and entrepreneur created DigiByte in 2013. The first DigiByte block was mined on January 10, 2014. As of January 2018, it has a total market cap of over US$1 billion. It is the longest public blockchain in existence.
DigiByte coin is an open source cryptocurrency based on Bitcoin. It runs on the DigiByte blockchain, a decentralized international blockchain. DigiBytes are digital assets that cannot be destroyed, counterfeited or hacked. DigiByte pioneered asymmetrical difficulty adjustment mining with DigiShield and MultiShield. It uses Huntercoin as its multi-algorithm.
The cryptocurrency is a UTXO-based coin, meaning each coin has an identifier, similar to Bitcoin. Coins are considered unspent until sent to other users. The blockchain runs with five proof of work algorithms including SHA256 and Scrypt, and was the first block to utilize a Segregated Witness technology to maintain its scale.
DGB's network connects each individual node together, and maintains its data on a public ledger. There are over 100,000 nodes, across the world, that stand as a node on the block. Throughput on the block equates to 280 transactions per second (given the transactions are small). DigiByte maintains a blockchain that is over 5 million blocks long.
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- Cluster: Blockchain and cryptocurrencyA cluster of topics related to blockchain and cryptocurrency.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.