DigiByte (DGB) is an investment cryptocurrency based on scrypt technology. DigiByte uses five independent mining algorithms to process transactions over the network, which allows for increased decentralization of the currency. This cryptocurrency is one of the followers of Bitcoin. It has a ratio to Bitcoin of 1:1000. The total number of virtual DigiByte coins will equal 21 billion. The currency was officially launched on January 10, 2014. The founder of DigiByte is Jared Tate.
Features of the DigiByte cryptocurrency
1. High speed. DigiBytes are confirmed within 1.5 minutes. It has 15-second blocks.
2. Volume. A currency for making transactions. Currently, DigiByte can process 280 transactions per second.
3. Flexibility — the creators of DigiByte rely on the opinion of participants to promptly make changes and add new features, which in the future will increase the transaction limit to several thousand per second.
4. Accessibility and ease of use. DigiBytes can be mined and bought. $1 - $10 is the long-term target price for DigiByte. Due to the natural ratio of 1:1000, it is easier to pay for goods with 10 DGB instead of 1000 BTC.
5. Transparency. Clean mining without any speculation. Information about the launch was known long before its official announcement.
The capabilities of the cryptocurrency are limitless. You can pay for goods and services using a round-the-clock electronic system with many decentralized participants, which ensures equality. The reliability of the system is ensured by the presence of clear algorithms.
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