What is DigiByte?

 

What is DigiByte – Founded in 2014, DigiByte is a cryptocurrency that offering secure, fast and forward thinking blockchain technology. With more than 4.5 years of solid development Digibyte is definitely a cryptocurrency that warrants a second look.

 

 

According to their website:  What is DigiByte – DGB?

DigiByte is a public, rapidly growing and highly decentralized blockchain. DigiBytes are digital assets that cannot be destroyed, counterfeited or hacked, making them ideal for protecting objects of value like currency, information, property or important digital data.

DigiBytes can be sent over the DigiByte Blockchain and forever recorded on an immutable public ledger that is decentralized on thousands of computers across the planet.

 

 

 

Highly secure & scalable

Industry-leading transaction speeds

Tried & tested technology over 4 years

Manageable units ready for mass adoption

Active development team & known founder

 

 

 

DigiByte also touts the security of their blockchain but what makes DigiByte so secure?

DigiByte Security: 

 

There are 3 Pillars on which the platform is built.

 

Global Decentralization

According to the DigiByte website, the DigiByte blockchain is spread over more than 200 000 servers, computers, phones, and nodes worldwide. This makes it a very widely distributed network and definitely not vulnerable to a single point of attack.

5 Mining Algorithms

DigiByte distributes its mining over five secure and advanced cryptographic mining algorithms to prevent mining centralization compared to single algorithm blockchains.

Advanced Difficulty Stability

By creating and implementing DigiShield & MultiShield, – Digibyte makes difficulty adjustments that protects the blockchain from several forms of malicious attacks.

 

What makes DigiByte so fast?

15 Second Blocktime

Currently DigiByte has the fastest block speed of any public UTXO blockchain with 15 second block timings.

Early SegWit Implementation

DigiByte was an early adopter of Segwit and Segregated witness allows for several innovations to occur on top of the DigiByte blockchain such as cross chain transactions and single confirmation transactions. Single confirmation transactions are a significant factor in the increase of speed.

Blockchain Rigidity

With a very rigid blockchain, DigiByte transactions, unlike other transactions on other blockchains, are limited in size and scope to increase speed, efficiency, and throughput.  The rigidity of the blockchain also enhances security.

 

 

What makes DigiByte Forward Thinking?

 

Cybersecurity

The DigiByte Blockchain technology can be applied to applications or software linked to the internet, solving more than 80% of current cybersecurity issues, according to the DigiByte website.

 

IOT Devices

DigiByte is poised to take advantage of the use growth in the IOT [ Internet of Things ]. Billions of devices will be connected to the internet in the next few years and the future of DigiByte includes the focus of applying DigiByte security to IOT devices and services that require robust communications.

 

Artificial Intelligence

Devices are not only connected but are getting more and more intelligent and DigiByte technology can help secure the world of Artificial Intelligence.

 

As we can see from the above DigiByte is indeed a very interesting cryptocurrency and you will be able to find more information on their website.

 

Trade DigiByte – Click here 

 

 

 

Get your copy of What is Bitcoin

This e-book on Amazon explains what Bitcoin is, it explains that Bitcoin (BTC) is a virtual currency, digital, not physical, and independent of banks. Useful links and resources for the newbie and advanced Bitcoiner or cryptocurrency enthusiast.

 

 

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