DigiByte (DGB) is an open-source development based on Bitcoin & Litecoin’s source code platform and faster than them. DigiByte’s speed is fast enough to buy coffee from a merchant in seconds with the push of a button on a smartphone. DGB Coin is a transparent and professionally decentralized cryptocurrency that has been designed to address some of Bitcoin & Litecoin’s weaknesses, and it is a globally decentralized crypto coin primarily devoted to goods and services.
DigiByte is developing a fast decentralized payment network across the globe, inspired by Bitcoin. DigiByte allows you to move money over the internet as fast as PayPal and Western Union, but with many improvements, transactions can be processed quickly without any fees or very little fees. You send and receive DigiBytes to or from any DigiByte address in the world in seconds without requiring registration or login, cost.
The features of DigiByte
1. Higher security
Decentralized globally: DigiByte’s blockchain is spread over 100,000+ servers, computers, phones and nodes worldwide.
5 mining algorithms: DigiByte uses 5 more advanced and secure mining algorithms to prevent centralized mining when compared to individual blockchain algorithms.
The improved difficulty of mining algorithm: The difficulty adjustment helps protect blockchain from malicious attacks, by creating and applying DigiSheld and MultiShield. DigiByte has established more difficult stability than any other blockchain in the world today.
2. Faster transaction speed
15 seconds/block: DigiByte has the speed to create a new block faster than any public UTXO (unspent transaction output) available in the world.
Early implementation of SegWit addition: Separate witnesses will allow innovations to occur on Digibyte’s blockchain technology such as cross-chain transactions and single confirmation transactions.
DigiByte’s blockchain characteristics: DigiByte transactions are unlike other transactions on other blockchains. It is limited in size and aims to increase speed, performance and quantity per transaction. The most important thing is that it retains confidentiality.
3. Vision toward the future
Network security: DigiByte’s blockchain technology can become leverage to apply and report applications, fixing up to 90% of the most common vulnerabilities affecting the internet today.
IoT devices: The future of DigiByte involves focusing on the application of DigiByte’s security to IoT devices and services that require strong connectivity.
Artificial Intelligence (AI): With the advanced links between blockchain technology of DigiByte and artificial intelligence, DigiByte aims to innovate with automation and data analysis.
Team
The founder and CEO of the DigiByte project is Jared Tate, who developed DigiByte in 2013 and first launched in January 2014. At the time, DigiByte was one of very few public blockchain projects. DigiByte launched without an ICO launch.
Jared Tate, founder of DigiByte
Besides, the DigiByte development project team has the support of 4-5 core members, but not much information about them. Even the homepage does not contain information about the group.
The team goal is to bring modern and applied technologies based on the complete Blockchain platform used in payment for users. In addition, it also aims to long-term goals such as:
Overcoming network security issues: DigiByte enters the market with the desire to use the high-tech Blockchain technology DigiByte to overcome the limitations of the Internet still exist.
Highly connected IoT devices: DigiByte aims to integrate multiple security applications with IoT devices, which are highly connected and extremely powerful.
Automation development: Combining blockchain platform with artificial intelligence will bring about big changes such as better automatic working mode, evaluation and data decoding.
Conclusion
Digibyte brings fast utilities in blockchain system, mainly for traders and consumers all over the world in the simplest way.
Digibyte allows you to buy goods and services from the internet from one person to the next without spending much time and money.
Digibyte has many outstanding features such as transaction speed, network scalability, security, and a large user community. DGB will be more interested in the user community in the future.
You can check DGB price here.
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