DigiByte (DGB) Price

DigiByte confidently regards itself as a more secure, faster, and forward-thinking blockchain. It is an innovative product of blockchain technology that can be utilized for the secure and swift authentication of digital assets, decentralized Applications (dApps), and smart contracts. DigiByte was created in late 2013 but was not officially released until early 2014. DigiByte's developers spent eight years forward-thinking to create DigiByte, the most decentralized existing UTXO blockchain.

DigiByte's native utility cryptocurrency, DGB, is used for all transactional operations on the DigiByte Network. DigiByte (DGB) is a scalable Peer-to-Peer (P2P) digital currency that provides industry-leading transaction speed with low fees.

DigiByte's Features and Updates

Built on the uncrackable technology of the Bitcoin blockchain, DigiByte has implemented numerous advanced enhancements over the Bitcoin blockchain, including the DigiShield Guard, the Odocrypt algorithm, and MultiAlgo mining. Dandelion++ privacy policy helps to keep DigiByte's users safe by hiding their IP and physical locations. The DigiByte platform has been made easy to use to enhance the optimum user experience. Users can send and receive DigiByte (DGB) coins on their devices. To send DGB coins, all they need is to install a DigiByte-supported wallet, scan the QR code, and send the DigiByte (DGB) coins.

A major feature of DigiByte is its swift low-cost transaction confirmations. Each DigiByte transaction is confirmed within 15 seconds. This speed is 40 times faster than Bitcoin and ten times faster than Litecoin. Up to 1066 on-chain DigiByte transactions are enabled by SegWit. DigiByte is secured by the Proof-of-Work (PoW) consensus mechanism. This implies that it can be mined with five different algorithms: Scrypt, Skein, Sha256, Odocrypt, and Qubit. The MultiAlgo mining contributes to the decentralization, security, and safety of the network, giving DigiByte's users the freedom to use hardware such as ASIC and GPU.

DigiByte has twenty-one billion DigiByte (DGB) coins that have been designed for circulation. Every month, DigiByte block rewards are reduced by 1% instead of every four years. By the year 2035, all DigiByte (DGB) coins in circulation will be mined. After 2035, the movers will have to rely on only transaction fees. 

DigiByte's Team

The team behind DigiByte has never held an Initial Coin Offering (ICO) to fund the project. Neither a CEO nor a company controls the DigiByte blockchain. Instead, the founder, blockchain developers, and community are unpaid volunteers, eliminating DigiByte's bankruptcy risk.