Fact #63 Equal Chance

Each of the 5x algorithms that DigiByte uses to secure the network and mine new blocks has an equal 20% chance to find every single block. There is no priority given to one or another.

October 13, 2021
Fact #64 Address Types

DigiByte has 4x address types, each starting with a different prefix. "D" is for legacy "DigiByte" addresses, and "3" is for legacy MultiSig addresses. Support for these will always remain, however more commonly people use "S" for "SegWit" addresses or "dgb1" for Bech32 formatted addresses.

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October 13, 2021
Fact #63 Equal Chance

Each of the 5x algorithms that DigiByte uses to secure the network and mine new blocks has an equal 20% chance to find every single block. There is no priority given to one or another.

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October 13, 2021
Fact #62 digiSatoshi

A single DigiByte can be divided up to 8 decimal places, known as a digiSatoshi (or dSat for short). That's 1/100000000 of a DigiByte.

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October 13, 2021
Fact #61 5,760 new blocks

DigiByte blocks have an expected 15 second time, which means every single day there are 5,760 new blocks added to the DigiByte blockchain.

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October 13, 2021
Fact #60 Source Code

The source code for the DigiByte blockchain is completely open-source, anybody can see it, inspect it, and review it. The Core Wallet software is available to view at: https://github.com/DigiByte-Core/DigiByte

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October 13, 2021
Fact #59 Re-Use

DigiByte addresses can be re-used, but it's completely optional. The best practice is for a wallet to give you a new address each time after your previous address has received a transaction. this is why you get a newly generated address each time in the DigiByte Android & iOS apps.

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October 13, 2021
Fact #58 Transactions on the network

Transactions on the DigiByte network are public, but pseudo-anonymous. You can see them on a Blockchain explorer, however there is nothing inherently that can link a new transaction / address to an end-user. There are no usernames, email addresses etc required to use the DigiByte network.

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October 13, 2021
Fact #57 Block-Reward

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.

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October 13, 2021
Fact #56 MultiAlgo & MultiShield

If the biggest 5x pools from Bitcoin were to collude, they could control the Bitcoin, Bitcoin Cash and Bitcoin SV networks permanently until others grew to have more hash-power than them. Those same pools would not be a threat to DigiByte thanks to DigiByte's MultiAlgo and MultiShield aspects.

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October 13, 2021
Fact #55 Distribution

DigiByte mining is some of the most distributed in the industry. When a 7-day period in September 2019 was compared against Bitcoin and Litecoin, DigiByte had over 10X the number of unique miners. This grew to over 20X the unique miners when looking at a 3-month period.

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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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