dgb chart. What is DigiByte (DGB) cryptocurrency in simple words? DIGIBYTE Transaction Speed

DigiByte (DGB) is a rapidly growing global blockchain platform for digital payments and decentralized applications with enhanced cyber security. The project officially launched on January 10, 2014. In 4 years, DigiByte has become the fastest, largest and most decentralized UTXO blockchain in the world. All transactions must be in the UTXO database to be valid.

A total of 8742253657 coins were issued. The total capitalization is 86 million dollars.

The platform is powered by Blockchain technology. Main features of DigiByte:

  • Global decentralization;
  • DigiByte blocks are distributed to 100,000 servers, computers, phones and nodes worldwide.
  • DigiByte uses five secure and advanced crypto mining algorithms to prevent the centralization of mining compared to single algorithms.
  • Advanced stability. Difficulty adjustment protects the lock from several types of malicious attacks. By building and implementing DigiShield & MultiShield, DigiByte has the most sophisticated stability of any blockchain in the world today.
  • DigiByte has the fastest block generation time of 15 seconds.
  • DigiByte transactions, unlike other transactions on other blockchains, are limited in size and scope to increase speed, efficiency, and throughput.
  • Artificial intelligence. By combining advances in DigiByte Blockchain technology with artificial intelligence, developers are exploring innovations in automation and data analytics.

This cryptocurrency is included in the top 100 cryptocurrencies and, according to experts, has a fairly good prospect. The current value of DGB against the dollar or BTC can be viewed on exchanges or you can track changes in the exchange rate using a candlestick chart.

Advantages

  • Secure smart contracts DigiByte.
  • DigiByte digital assets can be used to back the value of many things, such as: coins, tokens, and securities. For example, in the world of cryptocurrencies, a token can entitle a user to a certain amount of a product or a specific service. Since people invest a lot of money in digital assets, they can be considered an investment vehicle, that is, they are essentially securities.
  • DigiByte uses five separate coin mining algorithms to ensure security.
  • Thousands of people use software DigiByte all over the planet.
  • Any server, computer or mobile phone connected to the DigiByte network becomes a node that helps relay transactions.

You can profitably buy DigiByte on the following sites:

DigiByte is a platform that is rapidly gaining popularity. It was created for the purpose of making digital payments. The project has high cyber security. DigiByte was born in early 2014. Now this project can be called one of the largest in the world virtual web. At the moment, the total capitalization is 85 ml.

DigiByte Features

To date, project blocks have been distributed to 100,000 servers;
-The platform has a high degree of protection, thanks to 5 special algorithms;
- Algorithms are able to prevent even the most serious malicious attack;
-One block on the platform is created at an incredibly high speed of 15 seconds;
-The DigiByte platform is endowed with artificial intelligence. This allows better automation of data analysis.

Cryptocurrency DGB is in the list of top 100 crypto coins. The prospects for this currency are very large.

Advantages of DigiByte

It is worth highlighting several main advantages of this platform:

The project uses smart contracts;
-DigiByte Assets enable you to purchase certain products or services;
-The platform uses as many as 5 algorithms that maximize the security of coin mining;
-Any device that is connected to the platform becomes a node.

The developers have created a platform that allows you to conduct transactions as quickly as possible. At the same time, volatility is at a minimum.

The DigiByte team is confident that over time, the volatility of many cryptocurrencies will increase significantly, so their project was created in such a way that the volatility of their coins in the future remains the same low.

It is planned that by 2035 about 21 billion coins will be mined. Each month, the block reward decreases by 1%. The developers are focused on improving the security of the platform. The team is focused on finding practical applications in the real world.

Plans

DigiByte developers have every chance to surpass many existing platforms. They are not afraid of the most popular competitors. Over time, they are able to overtake them and take their place in this area.

It was Bitcoin that pushed the development team to create the DigiByte platform. This made it possible to create a platform that has a new approach to storing and transferring data. The DigiByte project has a high level of data protection.

Bitcoin retains its leading position for a long time, but recently the pace of work has decreased significantly, and mining has become difficult. The DigiByte platform has every chance to take the place of Bitcoin in the future.

DGB cryptocurrency was developed back in 2013, when the boom of digital coins was just beginning. She managed even then to assemble into a single whole the extremely positive aspects of a number of blockchains. Thus, most experts note that DGB cryptocurrency has an optimistic forecast for 2018. In the field of security, the currency is also not inferior to its counterparts, and in many ways even surpasses them.

If we dwell in detail on the algorithms of this cryptocurrency, then several types should be noted:

  1. Groestl;
  2. Scrypt;
  3. qubit;
  4. SHA256;
  5. Skin.

At the same time, it is important to understand that most modern hackers can control 80 percent of the hash rate of the overall algorithm plan. If the second algorithm operates in the system, then the share of control is reduced by half. Therefore, the level of security in the DGB currency is now unparalleled and is the best in the world.

With their help, the process of mining currency on various ices is carried out. It is also possible to perform this process on video cards.

You can buy DGB on the Yobit exchange. Most favorable exchange rate is a purchase for Bitcoins BTC - DGB. Check out the DGB price chart.

If you do not have bitcoins, then you can get them for free here.

The purpose of creating the DGB cryptocurrency

The main task pursued by the developers of the DGB digital currency was to enter the financial market electronic money systems where all transactions would be carried out instantly. In this regard, the volatility indicator is also important, which in this currency is several times lower than the same in analogs like Bitcoin. This goal was achieved quite simply. The cryptocurrency was tied to one of the world currencies, and the number of coins was created with the maximum supply.

This coin has adopted a security system that belongs to the Proof of Work class. This is one of the most reliable systems on the market, which completely excludes unauthorized persons from entering the cryptocurrency.

In order to carry out trading operations, the developers provide for the use of a special ticker called DGB. Such approaches allow us to talk about the prospects of the currency. At the same time, numerous users have already managed to evaluate its advantages, and now the currency is rapidly progressing, accepting new volumes of investments. This contributes to the rapid growth of the value of one coin. The growth rate is such that at the moment DGB is valued at 0.065617 US dollars, which is relatively good compared to peers that began their development path in the same year.

Perspectives for DGB

Taking into account this circumstance, it is necessary to pay attention to the fact that the level of capitalization for this currency has now exceeded 628 million dollars.


This figure has almost doubled over the past year. There is an objective explanation for this. Last year, one of the largest emissions was recorded for this digital currency, which totaled 21 billion.

Gradually, the currency is undergoing some changes that are designed to make it more open to customers. Developers are constantly looking for innovations that could bring the coin as close as possible to ordinary customers and thereby increase the level of investment. Using the budget class of users, the main task of the creators is achieved - to make the currency a payment instrument.

It is the recent rise in the value of the currency by almost 100% that is the most colorful confirmation that its prospects are the best. Now there is an entry into the market of a system of large investors who invest considerable amounts with the aim of subsequent profit. Therefore, it seems promising to invest in the purchase of coins at this stage, while their value is affordable for most buyers. This will allow you to invest in a promising project and get a good profit pretty soon.

Watch a video about DGB

DigiByte (DGB) is a rapidly growing 3-year decentralized global blockchain with a focus on cyber security, payments and secure communication.

Focus on blockchain cyber security

As cyber threats continue to grow exponentially, DigiByte is focusing on the most advanced blockchain security applications.

Emphasis on fintech sector

As the blockchain era continues to impact industries around the world, DigiByte is positioning itself as a leader in the fintech sector.

The DigiByte blockchain, its underlying infrastructure and applications have been continuously evolving for the past three years.

Course on 06/19/2019

  • Well: 0.88 RUB
  • Symbol: DGB
  • Rating (CMC): 55

Algorithm

To date, DigiByte is the fastest, largest and most scalable and secure decentralized blockchain using multiple algorithms worldwide.

DIGIBYTE version 6.14.2 (FINISHED)

The latest version of the DigiByte core protocol was released in April 2017.

DIGUSIGN

Did you sign it in the blockchain? Have you already put your signature on the blockchain?

Several collaborative projects are currently underway to secure documents on the DigiByte blockchain. Follow the news.

DIGI ID

Using the public key infrastructure of the DigiByte global blockchain for identification and authentication of applications.

FAQ

  • Launch Date: January 10, 2014
  • Type of blockchain: Public, decentralized, based on UTXO, using several algorithms
  • Stock symbol: DGB
  • Genesis block hash: “USA Today: 10 Jan. 2014 Target: Nearly 110 million user data stolen
  • Maximum total supply: 21 billion DigiByte in 21 years (2035)
  • Current supply: 8,107,031,908 DGB (May 2017)
  • Annual supply inflation: 12% in 2017
  • Block reward reduction: 1% monthly
  • Current block reward: 891 DGB
  • Mining algorithms: Five (Sha256, Scrypt, Groestl, Skein and Qubit)
  • Block time: 15 second blocks (1.5 minutes per algorithm)
  • Share of blocks per algorithm: 20% blocks per algorithm (5)
  • Difficulty is recalculated every 1 block, 5 separate difficulties, 1 per mining algorithm
  • SegWit support: Yes. First major altcoin to successfully activate SegWit. (April 2017)
  • Hard forks: 4. DigiShield, MultiAlgo, MultiShield, DigiSpeed
  • Soft forks: 3. SegWit, CSV, NVersionBips

Mining DIGIBYTE

You can mine DigiByte using one of five separate mining algorithms. Each algorithm allows, on average, to produce approximately 20% of new blocks. This makes it possible to provide a much higher level of decentralization than other blockchains. In order for an attacker to hard fork DigiByte, he would need to control 93% of the hashrate on 1 algorithm, and 51% on the other 4, which makes DigiByte much more secure from PoW attacks compared to other blockchains.

  • Sha256 (ASIC compatible)
  • Scrypt (ASIC compatible)
  • Groestl (GPU compatible)
  • Skein (GPU compatible)
  • Qubit (compatible with CPU)

DIGIBYTE Transaction Speed

DigiByte has implemented a special code that doubles the block size every two years to scale the number of transactions the network can handle well until 2035. Additional work is underway to further increase transaction speeds and network bandwidth.

  • 2016: 280 transactions per second
  • 2017: 560 transactions per second
  • 2019: 1120 transactions per second
  • 2021: 2240 transactions per second
  • 2035: 280,000+ transactions per second

DIGIBYTE versus other leading blockchains

  • Over the past three years, DigiByte has taken its own place in the blockchain world.
  • First major altcoin to activate SegWit (April 2017).
  • First used to calculate the complexity of DigiShield (2014, today it is used in many blockchains).
  • Multishield mining algorithm (2015).
  • UTXO, proof of work, decentralized, open source.
  • Fair Initial Distribution.
  • Focus on practicality, safety and real world applicability.

Cryptocurrency is now no longer a mystery to anyone. Almost everyone has heard about it, and many have not just heard, but have learned to actively use it, turning its many advantages to their advantage.

Bitcoin, which turned our minds many years ago, is no longer alone. After it, the list of digital money is regularly updated with new "names", however, few of them linger in the minds of users for a long time. Fortunately, in this area, as well as in nature in general, natural selection works and mediocre projects that do not carry anything new and interesting in themselves disappear as quickly as they appear.

But this does not mean at all that, apart from the cue ball, there is not a single development worthy of attention. They are, and there are many of them. We will present one of these cryptocoins to you today. It is called Digibyte (DGB) and, as conceived by the authors, is designed to correct the weaknesses that Litecoin and Bitcoin “suffer”.

In short, the idea of ​​the Digibyte development team is to create a digital money that will provide a wide range of users with the ability to make fast (very fast) payments wherever it is needed. In addition, this product must have minimal volatility in order to be integrated for services and goods.

From the point of view of many experts, after some time bitcoins and litecoins may face problems caused by today's triumphant growth in their capitalization and volatility. An increase in these two indicators leads to an increase in the price, and this, in turn, makes commodity speculation more risky. When the “X” hour comes in the existence of these currencies, then there will be a need for other approaches, which will provide young promising projects that offer more favorable conditions and more opportunities.

One such digital development will no doubt be the DGB. Due to the fact that the number of tokens will be 21 billion, low volatility can be achieved. And linking crypto to one of the world's major currencies will make it a tool for transactions, and not for speculation.

Briefly about the main

The Digibyte digital currency was developed in 2013 and launched early next year, 2014. The coin is based on BTC technology, but with a number of significant features that make the new currency more functional and attractive to users, plus the use of 5 algorithms.

The developers plan to mine 21 billion coins in 21 years (until 2035). The block reward amount decreases by 1% every month. At the beginning of October 2017, the reward was 891 coins. Each algorithm accounts for a fifth of the blocks (20%). In April this year, this altcoin was the first to successfully activate SegWit.

Also, one cannot fail to recall the fairness of the initial distribution and the focus of development on cybersecurity and practical application in real life.

Mining in a new way

Those who are familiar with the topic of cryptocurrencies are well aware that at first Bitcoin was mined using a whole arsenal of modern expensive equipment. The situation changed when powerful asic miners appeared, sending traditional methods of mining crypto into the past. These devices did not make mining more difficult, but the efficiency of “digging” coins increased noticeably, which made ASIC miners very popular in the community.

Based on this, the developers decided to mine DGB also using ASIC, but in order to make the process accessible to the maximum number of people, use 5 algorithms at once - Scrypt (ASIC), Qubit (GPU), Groestl (GPU), Sha-256 (ASIC), skin (GPU).

Each of these algorithms is used to mine about a fifth of the blocks, which raises decentralization to a whole new level compared to other blockchains.

And there is another side of this division. Imagine that an attacker who decides to hard fork the system needs to control more than 90% of the hashrate on one algorithm and 51% on the other four. Agree, it's a tough job. And this means that the security of our currency is much higher than that of its "brothers".

To use Digibyte coins, of course, you need to get the appropriate "wallet". You can download it from the official website, and it is available for various operating systems(we will talk about the wallet for Windows).

Start by installing the wallet, i.e. run the installer. Then click "next" (Next), select the appropriate folder and click on "next" again. In the window that opens, you can set the name of your "purse", although you can not change anything, and after that you need to click on "install" (Install). Wait for the installation process to complete and again “next”, and the final touch is to click on the “Finish” button.

To configure the wallet, you need to decide on the folder in which you are going to store the corresponding files, and mark your choice by clicking on the “Ok” button. After that, it will take some time to synchronize. The address of your "money vault" can be found by moving from the File tab to Receiving Addresses.

Plans and prospects

From what we have managed to tell you up to this point, you most likely already understood how ambitious goals Digibyte developers have set for themselves. It can be said that they swung at the “holy”, deciding to surpass the best representatives of cryptocurrencies in a number of parameters. Perhaps they were inspired by the example of the same Chrome or FB, who managed not to give in to more famous and popular competitors and, in the end, take their rightful place in their field. Who knows how everything happened there, but many experts already now do not exclude that over time such projects will take the place of Bitcoin.

By the way, the team of the crypto we are considering is not going to belittle the merits and advantages of the cue ball. They admit that it was BTC that opened the way for all other digital currencies and a fundamentally new approach to storing and transferring data. But Bitcoin has been in the lead for quite a long time and cannot continue like this forever, especially given the problems that have arisen recently - a relatively slow pace of work, not a very large number of coins, ever more complicated mining and a drop in the level of decentralization.

Advantages of Digibyte

In answer to the question why this crypto should be used, I would like to give a number of its advantages, which, we think, will seem convincing even to the most inveterate skeptics.

Let's start with the fact that this is a very fast, even swift cryptocurrency, the principle of which is superior to known analogues.

This coin is intended primarily for transactions. Assuming that more coins would help strengthen the crypt, the authors decided not to limit themselves to the number measured in tens of millions, but proposed an impressive figure of 21 billion. And all these billions of coins should be directed not to speculative transactions, but to pay for goods and services. After all, it is much more convenient to pay for both with crypto, which costs not thousands of dollars.

No one can say about the Digibyte project that it was developed in a hurry. The stage of its development was quite long. Both during the work on the project and now, the authors listen to the opinions of the participants in the system and promptly respond to comments and suggestions. Particularly active and constructive users are promised various privileges and bonuses for their caring attitude.

The launch of the currency was absolutely transparent, it became known 3 days before the event itself, and immediately after the launch, customers were able to start mining coins. In general, everything is fair, transparent, without any speculation whatsoever.

There are few options here. There are only 2 of them - either you will mine Digibyte, or you will buy coins. There is still an opportunity to earn coins in the game or on some resources for certain actions, but these are insignificant earnings.

The first option requires innovative ASIC miners, the effectiveness of which we have already talked about. 1 block in the system is generated very quickly, in 60 seconds. And everything would seem to be fine, if it were not for the required costs for the purchase of equipment, but it is not cheap.

If the first method does not suit you for some reason, then go to cryptocurrency exchanges. There you can exchange your funds for DGB coins through an exchanger (this is an option for beginners) or take part in the auction and try to turn the operation to your advantage (this path is more suitable for professionals).

As of the beginning of October this year, 1 coin cost about 0.95 rubles or 0.01656 dollars, and its market capitalization exceeded $140 million.

If you take an interest in reviews and opinions about this currency, as we did, you will get the following result - you need to invest in DGB, you need to mine it and have it on your balance sheet, since in the future this coin will most likely bring you profit. Such cautious confidence is inspired by the fact that serious "offices" paid attention to the coin and on this wave it began to grow.

It cannot be said that this is a unanimous opinion, but it takes place and is supported by a fairly large number of users.


conclusions

So, let's put together and briefly summarize everything we've learned about DGB:

  1. First of all, it is a digital currency that has made it possible for anyone to carry out fast and secure financial transactions (transfers, payments, etc.). A nice feature of this system, unlike many others, is very low commission fees, and sometimes their complete absence. The currency is widely accepted, at the moment it is available for use in eight dozen countries.
  2. The convenience and ease of working with Digibyte is due to the fact that operations are carried out very quickly, literally in a few seconds, and at the same time it does not require registration.
  3. It is impossible not to say about the high degree of transaction protection through modern encryption technologies.
  4. You can become the owner of DGB coins by mining or by buying (exchanging) them on exchanges. But these are not all possibilities. This cryptocurrency is already widespread enough that you can be paid with it for certain activities on the Internet (for example, for writing a message on Twitter) or rewarded for being active in certain games.
  5. If you want to change your DGB to another crypto or some fiat currency, you can easily do it.

As you can see, it makes sense to take a closer look at this development. And we end here and, as always, we wish you good luck!

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