It has been wonderful to see all the support DigiByte is receiving from the Hive community and its ecosystem. There seems to be quite a bit of chatter about what DigiByte is and how to find out more resources. Here is a general overview. If folks have more questions, feel free to ask and we can help.
What is DigiByte?
DigiByte is a decentralized open source blockchain platform designed to provide a secure, fast, and scalable environment for various use cases. Launched on January 10, 2014, with a genesis block that contained the message: "USA TODAY: 10/Jan/2014, Target: Data stolen from up to 110M customers," DigiByte has gained recognition for its commitment to decentralization and security.
Key Features
Multi-Algo Consensus
DigiByte employs a unique approach to consensus by implementing multiple mining algorithms. This enhances security and decentralization by reducing the risk of a 51% attack.DigiShield and MultiShield
DigiShield and MultiShield are mechanisms developed to adjust the difficulty of mining, making it more responsive to network changes, and mitigating the impact of large mining operations.Segregated Witness (SegWit)
DigiByte was one of the early adopters of Segregated Witness (SegWit) technology, which improves scalability and transaction security. Serialized blocks support a maximum size of 4 MB (4,000,000 bytes).UTXO Blockchain
DigiByte uses a UTXO (Unspent Transaction Output) model for its blockchain, offering a solid foundation for secure and efficient transactions.Issuance and Emission
DigiByte utilizes a block mining reward model, with an initial block reward of 72,000 DigiBytes, and an issuance that sees approximately a 1% reduction per month. The maximum supply of DigiBytes is capped at 21,000,000,000 (21 billion DigiBytes).
Community-Driven Development
DigiByte has a vibrant and passionate community that actively contributes to its development. The project operates as an open-source endeavor, which encourages collaboration and transparency.
Use Cases
DigiByte serves as a versatile blockchain, finding applications in various industries such as cybersecurity, secure data storage, decentralized applications (DApps), and more. The platform's speed and security make it a compelling choice for developers and businesses.
Technical Specifications
- Block Timing: An expected block timing of 15 seconds.
- Block Share: An equal share of 20% per algorithm.
- Max Block Size: A maximum block size of 1 MB (1,000,000 bytes).
- Difficulty Adjustment: Difficulty adjustment occurs every 1 block, with separate difficulty shares.
- Address Formats: DigiByte supports multiple address formats, including "D" for legacy addresses, "3" for multi-signature addresses, and "dgb1" for SegWit Bech32 addresses.
- Denominations: The plural form of the DigiByte cryptocurrency is "DigiBytes," with a ticker symbol of DGB and a currency symbol of Ɗ (Unicode: U+018A). The precision extends to 10⁻⁸, with subunits including mDGB (miliDigiByte, 1/1000), µDGB (microDigibyte, 1/1000000), and ɗSats (digiSatoshi, Digis, 1/100000000).
DigiByte Community Links
Below is a collection of community resources and social media links related to the DigiByte blockchain. We encourage everyone to follow @DigiByteCoin on X for the latest updates.
Community Driven Social Media
X (formerly Twitter)
- Primary: https://x.com/DigiByteCoin
Other Platforms
- Facebook: https://www.facebook.com/digibytecoin/
- LinkedIn: https://www.linkedin.com/company/digibyte-payment-network
- Instagram: https://www.instagram.com/officialdigibytecoin/
- YouTube: https://www.youtube.com/@DigiByteGlobalCommunity
- Reddit: https://www.reddit.com/r/DigiByte/
- Medium: https://medium.com/@DigiByte_Official
- Discord: https://dsc.gg/DigiByteDiscord
Other Community Resources
DigiByte Alliance
Website: https://www.dgballiance.org
The DigiByte Alliance is a US-based non-profit foundation (501(c)(3)) focused on advancing DigiByte’s adoption.
DigiByte Awareness Team (DGBAT)
Website: https://dgbat.org
A community-driven outreach initiative promoting DigiByte via marketing, education, and more.
DigiByte Wiki
https://github.com/DigiByte-Core/digibyte/wiki
An online, community-maintained encyclopedia for everything DigiByte.
DigiByte Developers
GitHub: https://github.com/DigiByte-Core/digibyte
Gitter: https://gitter.im/DigiByte-Core/protocol
DigiByte Support: https://dgbsupport.digiassetx.com (Note: This opens a Telegram chat window.)
Exchanges
- DCRDEX (https://dex.decred.org)
- Binance US (https://binance.us)
- Crypto.com (https://crypto.com)
- OKX (https://okx.com)
- Kucoin (https://kucoin.com)
- ChangeAngel (https://changeangel.io)
- ChangeNOW (https://changenow.io)
Digi-ID Supported Services
- ChangeAngel (https://changeangel.io)
- Hash Altcoin (https://hashaltcoin.com)
DigiAsset Supported Services
- DigiByte Domains (https://digibytedomains.com)
- DigiNexum (https://diginexum.trade)
Point of Sale Apps
- CoinPayments (https://coinpayments.net)
Debit Cards
- Crypto.com (https://crypto.com/cards)
- Bitpanda (https://bitpanda.com/card)
Digi-ID Apps
- Coinomi iOS (https://apps.apple.com/us/app/coinomi-wallet/id1333588809)
- Coinomi Android (https://play.google.com/store/apps/details?id=com.coinomi.wallet)
- Ownbit iOS (https://apps.apple.com/us/app/ownbit-cold-multisig-wallet/id1321798216)
- Ownbit Android (https://play.google.com/store/apps/details?id=com.bitbill.www)
- Digi-ID Desktop (https://github.com/RenzoDD/digiid-desktop/releases/)
Tools and Solutions
- DigiNode Tools (https://diginode.tools)
- GetBlock (https://getblock.io/nodes/dgb/)
- NowNodes (https://nownodes.io/nodes/digibyte-dgb)
- Blockchair (https://blockchair.com/digibyte)
- 3xpl (https://3xpl.com/digibyte)
Third Party Software Wallets
- Coinomi (https://www.coinomi.com/asset/digibyte/)
- OwnBit (https://ownbit.io/en/)
- Edge (https://edge.app/)
- Exodus (https://www.exodus.com/digibyte-wallet-dgb)
- Atomic (https://atomicwallet.io/digibyte-wallet)
- Trust Wallet (https://trustwallet.com/digibyte-wallet)
- Guarda (https://guarda.com/)
- NOW Wallet (https://walletnow.app/)
- Komodo Wallet - (https://atomicdex.io)
Third Party Hardware Wallets
- Bitfi (https://phone.bitfi.com/)
- Ledger (https://www.ledger.com/coin/wallet/digibyte)
- KeepKey (https://www.keepkey.com/)
- SafePal (https://www.safepal.com/en/)
- SecuX (https://secuxtech.com/)
- D'Cent (https://www.dcentwallet.com/en)
Wallet Disclaimer - All the Third-Party wallets introduced here are hosted by their own servers or application stores. We have no responsibility for possible issues you may have about any Third-Party wallet. In such case you should contact the related wallet's support service.
Telegram Groups
Below are DGB Community Telegram Chats
- DGB Alerts – https://t.me/DGBalerts
- General Discussion – https://t.me/DigiByteCoin
- Support – https://dgbsupport.digiassetx.com
- Developers – https://t.me/DigiByteDevelopers
- Mining – https://t.me/dgbmining
- Marketing – https://t.me/DigiByteMarketing
- Speculation (DGB Waves) – https://t.me/dgbwaves
- Translations – https://t.me/DigiByteTranslations
- All DigiByte Groups – https://t.me/OfficialDigiByteGroups
A lot of great info! Now it’s all immortalized in the hive blocks.
😀
"Great overview! How does DigiByte compare to other blockchains like Bitcoin or Ethereum in terms of scalability and security?"
DigiByte is a Layer 1 blockchain and is a coin, so this is the big distinction between Ethereum. In terms of security,DigiByte uses 5 cryptographic algorithms and real time difficulty adjustment to prevent malicious mining centralization and hash power fluctuation. One of which is Odocrypt that changes itself every 10 days.
We will work on additional content that explains this further.
And how do we earn DigiByte ?
There is no staking in DigiByte. The real way to "earn" is to utilize in daily use. For example, submit it as a payment for services rendered or use it a funding mechanism for a project.
Thank you for bringing all the important links to a single place. It would be great if we could see a collaboration to bring DigiByte to LeoDEX or HIVE-Engine.
DigiByte on LeoDEX would be amazing. What would be the process?
Awesome … DigiByte is my #1 crypto holding on Atomic Wallet. I try to buy every dip
Welcome to Hive hope you can help sort out @themarkymark Aka @gogreenbuddy Aka @buildawhale scams and downvoting
If you ever want to speak to me in private send me a message on Instagram @kgakakillerg 🙏🏾
!PIZZA
$PIZZA slices delivered:
@danzocal(6/10) tipped @digibytecoin
Come get MOONed!
Well aint that something! I really thought Digibyte was lost to the dino coins, cool to see it is still alive
(once I had a bag looooon ago, not sure anymore haha)
11 continued years in the very changeable crypto market is a good indicator
Trade TVST on https://tribaldex.com/trade/TVST
