DigiByte Price

DigiByte (DGB) is a pioneering cryptocurrency and blockchain platform launched in 2014. It ranks #342 in the market with a current price of $0.004848, showing a -6.88% change in the last 24 hours. DigiByte features a highly secure and scalable blockchain that utilizes five different mining algorithms, making it more resistant to centralization. The network is known for its fast transaction speeds (40x faster than Bitcoin) and low fees, processing blocks every 15 seconds. With a market cap of $87.88M and a circulating supply of 18.12B DGB, DigiByte has positioned itself as a versatile digital asset. The maximum supply is capped at 16.89B DGB, ensuring scarcity over time. DigiByte supports three core features: a digital asset (DGB), a secure blockchain for decentralized applications, and DigiAssets for tokenization. Its focus on security, speed, and decentralization makes it suitable for payments, IoT applications, and digital asset creation.

DigiByte was created in 2013 and officially launched on January 10, 2014. It was developed by Jared Tate (known as 'DigiMan') as a more secure, faster, and decentralized alternative to Bitcoin. DigiByte was designed with advanced security features and uses five different mining algorithms to maintain network security and prevent mining centralization. Since its launch, DigiByte has established itself as one of the longest-running UTXO blockchains in the crypto space, with over 9 years of continuous operation without downtime.

DigiByte was founded by Jared Tate in 2013. As the primary creator, Tate launched DigiByte with a vision to improve upon existing blockchain technologies by focusing on security, speed, and decentralization. He developed DGB as an open-source blockchain project that would address limitations he saw in earlier cryptocurrencies. Tate worked alongside a group of developers to establish the DigiByte Foundation, which continues to support the project's development. Since its creation, DigiByte has evolved into a community-driven project with multiple contributors, though Jared Tate remains recognized as its original founder and visionary.

DigiByte operates on a multi-algorithm proof-of-work blockchain that's designed for speed, security, and decentralization. It uses five different mining algorithms (Scrypt, SHA-256, Qubit, Skein, and Odocrypt) to prevent mining centralization. DGB processes transactions significantly faster than many other cryptocurrencies, with 15-second block times and the ability to handle over 1,000 transactions per second. The blockchain has three layers: a core protocol layer for basic transactions, a digital asset layer for creating tokens and smart contracts, and an application layer for developing dApps. With a current price of $0.004848 and a market cap of $87.88M, DGB has a maximum supply of 16.89B DGB coins, with 18.12B DGB currently in circulation. DigiByte also offers DigiAssets, a platform for tokenization, and DigiShield, a technology that adjusts mining difficulty in real-time to protect against mining attacks.

DigiByte employs a multi-algorithm, UTXO-based blockchain architecture that utilizes five distinct mining algorithms (Scrypt, SHA-256, Qubit, Skein, and Odocrypt) through DigiShield and MultiShield technologies. This unique approach allows for enhanced security and decentralization while preventing mining centralization. The blockchain features a 15-second block time and has implemented SegWit for improved transaction efficiency. DigiByte's architecture includes three layers: the Core Protocol Layer (handling transactions and security), the DigiAssets Layer (enabling digital asset creation), and the Applications Layer (supporting dApps and smart contracts). With a maximum supply of 16.89B DGB and current circulating supply of 18.12B DGB, DigiByte offers scalability up to 1066 transactions per second, significantly faster than many other cryptocurrencies. The platform also utilizes DigiID for secure authentication and DigiAssets for tokenization capabilities.

DigiByte has a promising future with its focus on security, speed, and decentralization. The roadmap includes enhancing DigiAssets (NFT platform), improving scalability through the Dandelion++ protocol, and expanding IoT applications. As a pioneer in multi-algorithm mining, DigiByte continues to develop its UTXO blockchain with plans for smart contract functionality and cross-chain interoperability by 2027. The development team is working on Digi-ID authentication technology and expanding partnerships in the payment sector. By 2028, DigiByte aims to achieve wider adoption in real-world use cases, particularly in secure digital identity solutions and supply chain tracking. With its maximum supply of 16.89B DGB and current price of $0.004848, DigiByte has potential for growth as blockchain adoption increases. The community-driven approach ensures continued innovation without relying on ICO funding.