DigiByte – Rating, DGB Current Price, Marketcap

DigiByte – Detailed information

DigiByte is a rapidly growing open-source blockchain created in late 2013 and released in early 2014. After 6 years of forward thinking development, DigiByte has become one of the safest, fastest, longest and most decentralized UTXO blockchain in existence.

DigiByte is more than a faster digital currency. It is an innovative blockchain that can be used for digital assets, smart contracts, decentralized applications and secure authentication.

• Truly decentralized. DigiByte has never been funded through an ICO or significant amount of premined coins. There is no CEO or a company controlling the DigiByte blockchain. It is a volunteer based and global community driven project.
• More secure. DigiByte uses 5 cryptographic algorithms and real time difficulty adjustment to prevent malicious mining centralization and hash power fluctuation. One of which is Odocrypt that changes itself every 10 days for ASIC resistance.
• Much faster. DigiByte blocks occur every 15 seconds which is 40x faster than Bitcoin and 10x faster than Litecoin. Early SegWit implementation and blockchain rigidity enable up to 1066 on-chain transactions per second with negligible fees.
• Forward thinking. Over the past 6 years, DigiByte has repeatedly set itself apart with multiple blockchain firsts, such as DigiShield guard, MultiAlgo mining, SegWit implementation, Odocrypt algorithm, Dandelion++ privacy protocol, DigiAssets and Digi-ID.

The three layers are the most innovative parts of the DigiByte blockchain providing the network infrastructure, security and communications to function with cutting edge speed.

Applications / DigiAssets

The top layer is like an app store with clear real-world uses. All types of digital assets can be created with the DigiAssets protocol on top of the DigiByte blockchain. Decentralized applications (dApps) can be built on top of the DigiByte blockchain. Also smart contracts that leverage the rigidity and security of the DigiByte blockchain can be encoded easily.

Digital asset / Public ledger

The middle layer provides security and administration. A Digital Byte of data, a representation of larger data or a unit that holds value, and cannot be counterfeited, duplicated or hacked. An immutable public ledger where all transactions of DigiBytes are recorded. DigiByte uses five proof of work algorithms for security. New DigiBytes come from mining only.

Core protocol / Global network

The bottom layer provides communication and operating procedures. A very low-level way nodes on the DigiByte global network communicate. Thousands of people are running DigiByte software all across the planet. Any server, computer, tablet or mobile phone connected to the DigiByte network becomes a node that helps relay transactions. Start contributing to the DigiByte blockchain in the optimal way.

Open source / Permissionless

Just like this website, the DigiByte blockchain is completely open source and free to use released under the MIT license, which gives you the power to run and modify the software. Transparency allows for independent verification of binaries and their corresponding source code.

Cryptocurrencies Trading Forecasts

3 Mar, 2021   FxProBitcoin hits $51K as short-term bull case strengthens

The U.S. dollar index (DXY) is showing signs of a short-term top as the price of Bitcoin (BTC) demonstrates signals of a short-term rally. There is a narrative...

2 Mar, 2021   FxProBitcoin Briefly Climbs Back Above $50K for First Time in Six Days

Bitcoin (BTC) is trading around $49,444 as of 12:37 UTC (7:37 p.m. ET) and cooling slightly, having risen to a 24 hour high above $50,200. The price has gained 6.8% over...

26 Feb, 2021   FxProBitcoin eyes biggest weekly price loss since march 2020

Bitcoin briefly dropped below $45,000 shortly before press time Friday, with the risk jitters felt on Wall Street the day before reverberating across the globe. The cryptocurrency...

22 Feb, 2021   FIBO GroupVaccination in Britain and the rise of BTC

Bitcoin has been updating its maximum almost every day this week and, as a consequence, has crossed the incredible $50,000 mark. The reason for the rapid...

17 Feb, 2021   HotForexBTC up amid sell off in Treasuries

Bitcoin rose, again, through $50,000 as signs of big investor interest in the asset drive more and more buying. Gold prices extended losses for a fifth straight session on...

15 Feb, 2021   HotForexUSD down, BTC retrace

Treasury yields continued to cheapen into the weekend as inflation was on the market's mind. Stock markets moved higher at the start of the week as...

12 Feb, 2021   FxProDollar weakness meets alt season: Is Bitcoin price about to hit $50K?

The next level of interest is the psychological barrier around $50,000. It's also the next major Fibonacci level. The 1.618 Fibonacci level is often used as a crucial indicator...

10 Feb, 2021   FIBO GroupThe second wave of growth in the crypto market

The second wave of growth in the cryptocurrency market, which began at the end of 2020, is already a multiple of the first, which ended in December 2017...

10 Feb, 2021   FxProMusk's bitcoin bet fuels gains in companies already invested

Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla's $1.5 billion...