DigiByte icon DigiByte (DGB)
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add active $0.02  on  Nov 23, 2020 


Points in Time

DigiByte icon DigiByte  at  $0.02  on  May 21, 2020

After an estimated 900% rise in the price of DigiByte over the past few weeks #JaredTate the founder of #DigiByte has stated that he is stepping aside from the DigiByte project. This is reminiscent of #CharlieLee stepping away from #Litecoin during the 2017 massive bull run. This shows us how brutal this space can be to even the most resilient innovators. twitter.com/...?s=20

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That's all we got for #DigiByte

Overview of DigiByte

DigiByte was inspired and actually works almost the same way as Bitcoin. It is a decentralized, open source, peer-to-peer payment system that enables global fund transfer with little or no transaction fees. Transfer is instantaneous and secure.

Besides this, DigiByte has implemented a unique feature called DigiShield-and later MultiShield. This feature prevents mining pools with high hash rates from causing rapid inflation within the DigiByte network. It does this by continuously readjusting the network’s mining difficulty level after every 60 seconds.

This adjustment causes stability of DGB prices in major exchanges and prevents “pumps and dumps”. Other features include MultiAlgo whose hard fork happened on September 2014 and effected from Myriadcoid code. With MultiAlgo, different Proof of Work mining methods could take part in transaction validation not just specialized ASIC chips.

DigiByte is highly scalable as this guarantees speed especially when DGB is adopted by merchants as a form of payment. The network has a code that would intentionally double the block size and therefore transactions. As such, by 2035, it is estimated that DigiByte would handle as much as 280K TPS. Transactions Per Second (TPS).

Founders: Jared Tate
Release Date: January 24, 2014

Video about DigiByte