Fact #12 Multialgo

Originally DigiByte only used Script for mining. The network upgraded to MultiAlgo, utilising Script, SHA256, Skein, Qubit & Myriad-Groestl.

October 11, 2021
Fact #14 Community & Donation

In 2018, die DigiByte community raised enough funds to supply Venezuelan refugees crossing the border with over a thousand bottles of water, feed 160 orphaned children for a month, provide essential maintenance for a Hospital, refurbish an Adicora school kitchen and hosting several free community lunches for hundreds of people.

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October 11, 2021
Fact #13 Network Upgrade

In 2019, DigiByte upgraded the network, replacing the Myriad-Groestl algorithm for Odocrypt, to specifically target FPGA mining making that algorithm ASIC-resistant.

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October 11, 2021
Fact #12 Multialgo

Originally DigiByte only used Script for mining. The network upgraded to MultiAlgo, utilising Script, SHA256, Skein, Qubit & Myriad-Groestl.

Read More
October 11, 2021
Fact #11 Multialgo

DigiByte was the first coin to upgrade from a single mining algorithm to MultiAlgo, for the additional security provided by having 5x algorithms. This upgrades occurred in late 2014 as the "MultiAlgo" network upgrade.

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October 11, 2021
Fact #10 Cybersecurity

"USA Today: 10/Jan/2014, Target: Data stolen from up to 110M customers" was saved into the "Genesis Block" of DigiByte, forever cementing the focus on Cybersecurity.

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October 11, 2021
Fact #9 Major Inflation

DigiByte was the first non-Bitcoin blockchain to fix the major inflation bug in 2018. Rapid response from our rock-star developers!

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March 20, 2021
Fact #8 DigiShield

DigiByte pioneered the DigiShield difficulty adjustment. It is used in Dogecoin, Ubiq, ZCash, Monacoin and parts of the code are even used in Ethereum. 

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March 20, 2021
Fact #7 Transaction fees

DigiByte fees are incredibly low.  It is 1/10th of a cent (USD). In Block 7658349 a user sent 342,000,000 DGB (6 Million $ worth at the time) from the inputs of over 200 different addresses. It cost 1/10th of a cent (USD) in fees and took only a few seconds to confirm. 

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March 20, 2021
Fact #6 Founder and developer

The DigiByte founder and developer purchased the coins on an exchange at the current market rates or mined their own DGB just like everyone else. 

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March 20, 2021
Fact #5 Founders reward

There is no founders reward in DigiByte. Nobody gets part of each block reward except whoever mined it.

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ABOUT

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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