Written by Marlon

On August 14, 2020

DigiByte (DGB) Profile

digibyte
DigiByte (DGB)
Rank: 57
$ 0.022744
Price (BTC)
Ƀ0.00000100
Marketcap
$ 313.04 M
Volume
$ 11.50 M
24h Change
2.58%
Total Supply
21.00 B DGB

Founded in 2013, DigiByte is an open-source blockchain and fork of Bitcoin. The Digibyte network is based on three layers: smart contracts, decentralized applications (DApps) and customizable tokens. 

DigiByte was created to be a fully decentralized blockchain that would excel in general-purpose cybersecurity, while also being able to be used as P2P digital cash and Store-of-Value (SoV).

Thanks to its reliance on not one, but 5 different mining algorithms, Sha256, Scrypt, Skein, Qubit, and Odocrypt — Digibyte keeps the blockchain secure and protects it from malicious attacks. 

DigiByte can be utilized for the traditional uses one would expect to use a crypto asset, such as P2P digital cash and SoV, but what many people may not know is that DigiByte also allows for smart asset issuance and smart contracting. 

Earlier in 2019, the DigiByte developer team was able to announce the launch of the DigiAssets protocol. DigiAssets exist on top of the DigiByte blockchain as a 2nd layer.

DigiBytes can be encoded with arbitrary bits of information that confer the unit of value a special function- which may be something as simple as representing an individual’s identity, or as complex as a smart asset which interacts with a set of instructions as encoded in a smart contract.

Other Crypto Profiles:

Metal (MTL) Profile

Metal (MTL) Profile

Metal (MTL) is the native currency of Metal Pay, Metal X, and Metal Vault. Designed to make cryptocurrency payments fast and easy, users pay zero fees when sending, receiving, buying, or selling MTL. Additionally, users pay substantially less fees...

Proton (XPR) Profile

Proton (XPR) Profile

Launched in 2020, Proton is a new public blockchain and smart contract platform designed for both consumer applications and peer-peer payments.  Proton is built around two key components: a secure identity and financial settlements layer that allows...

Bitcoin (BTC) Profile

Bitcoin (BTC) Profile

Bitcoin launched on January 3, 2009 when an anonymous figure known as Satoshi Nakamoto mined the first block, or what is otherwise known as the “Genesis Block”. Satoshi introduced Bitcoin to other individuals over the web through forums, and thus,...

Ethereum (ETH) Profile

Ethereum (ETH) Profile

Ethereum (ETH) is an open-source platform that allows anyone to create a project based on the Ethereum blockchain that reliably executes whatever code it was designed with. Many other cryptocurrencies are built on the Ethereum blockchain, making...

Ripple (XRP) Profile

Ripple (XRP) Profile

Ripple (XRP) is a cryptocurrency intended to act as a source of liquidity for cross-border payments. Designed with financial institutions in mind, XRP has made inroads with traditional banks, investment firms, and other similar businesses to bring...

EOS (EOS) Profile

EOS (EOS) Profile

EOS is a blockchain-based, decentralized system that enables the development, hosting, and execution of commercial-scale decentralized applications (dApps) on its platform. Founded in 2017, EOS is built on the delegated proof-of-stake (DPoS)...