You can build second-layer networks on top of DigiByte such as #DigiAssets, Lightning Networks, ICOs, Tokens, assets and more.
DigiFacts is a collection of facts about the DigiByte Blockchain. This website is made voluntarily and free of charge by abteilung83 | starbase11 as a member of the global DigiByte Community.
DigiFacts shall help newcomers with their research about blockchain technology and crypto-world, especially with the DigiByte Blockchain.
A brief history of DigiByte
DigiByte is the name for both an open source cryptocurrency and the decentralized global blockchain on which it operates. The DigiByte Blockchain was created in 2013 by Jared Tate, followed the first DigiByte block was mined on January 10, 2014, and included the headline from USA Today: “Target: Data stolen from up to 110M customers," hashed into the Genesis Block to mark the importance of security in digital transactions. The goal of DigiByte at that time, was to create a large community for virtual currency users across the world to use seamlessly in real time transactions.
Jared Tate, a programmer and entrepreneur, created DigiByte the goal of creating a fast and secure cryptocurrency that could reach a wider and more decentralized community than Bitcoin.
In 2015, a number of shopkeepers in the Netherlands began using DigiByte as a payment to manufacturers in Hong Kong, which documented the first use of the cryptocurrency on such a large scale. This was a prime example of how a virtual currency could be used to simplify transactions for businesses across different countries, who would otherwise have to deal with the conversion of traditional currencies.
Like many cryptocurrencies, DigiByte intrigues many due to the fact that it isn’t controlled by any central power, such as agovernmentor bank. All money exchanged on the DigiByte Blockchain is cryptographically secured and requires a series of confirmations that ensure users know what they are giving or receiving. DigiByte also offers a number of new and intriguing concepts that make it unique in the virtual currency world.
Adjustments in the code allow for improved functionality, including 15-second block time, real-time difficulty adjustment and improved security.
It is also the first to blockchain to fork from a single proof-of-work algorithm to multi-algorithm mining.
DigiByte is also one the first blockchainsto successfully activate SegWit (April 2017), MultiAlgo mining (September 2014), DigiShield (February 2014) and Odocrypt (July 2019).
Since 2014, many other blockchains like Ethereum, Bitcoin Cash, Zcash & Dogecoin have adopted DigiByte technology such as DigiShield.
DigiByte is secured by 285,000 nodes world-wide distributed with 5 parallel cryptographic hashing algorithms (PoW) which secure the network and make it truly un-hackable.
DigiFacts.org is a collection of facts about the DigiByte Blockchain. This website is made voluntarily and free of charge by abteilung83 | starbase11 as a member of the global DigiByte Community. DigiFacts shall help newcomers with their research about blockchain technology and crypto-world, especially with the DigiByte Blockchain.
Below you can choose which kind of cookies you allow on this website. Click on the "Save cookie settings" button to apply your choice.
FunctionalOur website uses functional cookies. These cookies are necessary to let our website work.
AnalyticalOur website uses analytical cookies to make it possible to analyze our website and optimize for the purpose of a.o. the usability.
Social mediaOur website places social media cookies to show you 3rd party content like YouTube and FaceBook. These cookies may track your personal data.
AdvertisingOur website places advertising cookies to show you 3rd party advertisements based on your interests. These cookies may track your personal data.
OtherOur website places 3rd party cookies from other 3rd party services which aren't Analytical, Social media or Advertising.
This content is blocked. Accept cookies within the '%CC%' category to view this content.