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. 

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.

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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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