As of today, the price of DigiByte (DGB) is $ 0.00987438. It has decreased by -0.46% in the last 24 hours. The current market volume for DigiByte in the last 24 hours is 6.4M.
DigiByte is far more than just a faster digital currency. Renowned as an innovative blockchain, it is used for digital assets, smart contracts, decentralized applications, and secure authentication. Launched in early 2014, DigiByte has emerged as one of the safest, fastest, longest and most decentralized UTXO blockchains in existence.
DigiByte was created by Jared Tate, a dedicated developer who has worked full-time on DigiByte since October 2013. Tate is a respected figure in the blockchain community, having been invited to speak about blockchain technology at MIT, Harvard, and the US Capitol.
The DigiByte blockchain functions through its innovative three-layer structure that provides the network infrastructure, security, and communications needed for cutting-edge speed. The top layer serves as an 'app store' with a range of digital assets that can be created on the DigiByte blockchain. The middle layer provides security and administration, while the bottom layer ensures communication and operating procedures. This advanced set-up underpins DigiByte’s efficiency and speed.
DigiByte leverages five cryptographic algorithms and real-time difficulty adjustment to prevent malicious mining centralization and hash power fluctuation. It uses a unique algorithm, Odocrypt, that changes itself every 10 days for ASIC resistance. This level of security is rarely seen in other cryptocurrencies and contributes to DigiByte’s position as one of the safest blockchains.
DigiByte blocks occur every 15 seconds which is significantly faster than Bitcoin's 10-minute block time and Litecoin's 2.5 minutes. This, combined with early SegWit implementation and blockchain rigidity, enables up to 1066 on-chain transactions per second with virtually negligible fees.
The total supply of DigiByte is set at 21 billion DGB, with 16.8B currently in circulation. In contrast to Bitcoin's halving event every 4 years, DigiByte block rewards reduce by 1% every month. It's expected that all 21 billion DigiByte will be mined by the year 2035.
As a copywriter and not a financial advisor, we do not provide investment advice. However, it is worth noting that DigiByte is recognized as a well-established and innovative cryptocurrency with a strong community and promising technology behind it. It is available for purchase on Bitci, YoBit, CoinEx, Probit, Binance US and always remember, you should only invest what you can afford to lose and make sure to do thorough research before investing.
Keeping your DigiByte safe involves a number of best practices. First, always store your DGB in a secure wallet, rather than keeping it on an exchange. Consider using hardware wallets for larger amounts as they provide the highest level of security. Moreover, never share your private keys with anyone, always keep your devices updated with the latest security patches, and be aware of phishing scams.
DigiByte can currently be bought from the following exchanges: Bitci, YoBit, CoinEx, Probit, Binance US. Always make sure to use reputable platforms and follow all security measures during transactions.
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