DigiByte
DGB #428Project Safety Score: 63%
Updated 6 minutes agoRecord
Health
Security
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DigiByte is an open-source blockchain initiated in late 2013 and launched in early 2014. It utilizes a UTXO model and features five Proof of Work algorithms for enhanced security and decentralization. The blockchain supports various applications, including digital assets through the DigiAssets protocol, smart contracts, and decentralized applications. With a maximum supply cap of 21 billion DigiBytes and an average block time of 15 seconds, the network aims to facilitate high-speed transactions with minimal fees.
The DigiByte governance model operates without centralized control, as there is no CEO or entity overseeing it; instead, it is maintained by a community of volunteer developers. The architecture consists of three layers for infrastructure, transaction security, and communication. This design enables real-time difficulty adjustments and features like the Odocrypt algorithm, which prevents ASIC mining centralization.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
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Prior: BitcoinAuthored 'Blockchain 2035: The Digital DNA of Internet 3.0'
- ✓Decentralized, community-driven project
- ✓No central authority or CEO
- ✓No ICO or significant premined coins
- ✓Utilizes five cryptographic algorithms for enhanced security
- ✓Real-time difficulty adjustment to prevent mining centralization
- ✗Low economic security
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Recent News
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Posts from the Digibyte
community on Reddit