The Name "DigiByte" was originally chose as it signifies a "Digital Byte" of data. This is because blockchain technology such as DigiByte can be used for so much more than as a "coin" such as silver or gold. DigiByte is incredibly multi-purpose.
Every month, the DigiByte that miners get as a block-reward is decreased by 1%. This gives DigiByte a very smooth supply-curve for new DigiByte, rather than a "halving" event every few years.
The Name "DigiByte" was originally chose as it signifies a "Digital Byte" of data. This is because blockchain technology such as DigiByte can be used for so much more than as a "coin" such as silver or gold. DigiByte is incredibly multi-purpose.
Do you want to start a DigiByte podcast or meet-up? Go for it! There is nobody to ask for permission, part of DigiByte being a "permissionless" project. It is implied that you can, so go right ahead and do it.
Transactions on the DigiByte blockchain cannot be undone by anybody. Once a transaction has been made, it is permanent. Did you accidentally send 50 DigiByte instead of 5 DigiByte? You'll need to ask the recipient to return the surplus, as there is no "Undo" function and no central banking authority who can roll back transactions.
DigiByte cannot ever have a centralised "burning" of the maximum supply as other ICO's or centrally controlled tokens can. Because DigiByte is a fully decentralised project, it's impossible to issue a large scale "burning" of unused DigiByte. At most, you could only every destroy your own if you willingly transferred them in to the void.
You can use multiple wallets! DigiByte is not just limited to a single piece of software and the community is encouraged to find an app that works best for them. So try one, try a few and keep using the ones you like the most.
DigiByte can be used to verify and validate documents, music / media, identity and more! Although DigiByte excels as a means of exchanging value, it is not limited to just being a currency.
DigiByte is available on thousands of Crypto ATMs around the world! This is a great way for people new to cryptocurrency to get involved through a more "traditional" method of currency exchange.
There is a maximum of 21 billion DigiByte that will ever exist. This was intentionally chosen as a 1000:1 ratio compared to Bitcoins 21 million. No more can ever be created.
For a protocol upgrade to take place, over 70% of the network must agree and be in consensus that the upgrade will take place. This occurs by "signalling" support for it when blocks are mines, over the course of a 1-week period.
DigiByte addresses starting with "dgb1" (The "Bech32" format) have multiple advantages, such as error correction in the event they were incorrectly written-down, as well as knowing that they are DigiByte-specific addresses.
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.
See the DigiByte.io, the DigiByte Foundation and the Awareness Team for further information.
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