DigiByte (DGB)
Rank #197
Market snapshot
- Price
- $0.00401173
- Market cap
- $74.0M
- 24h volume
- $2.5M
- Circulating supply
- 18,434,479,022.496
- Total supply
- 18,434,479,022.496
- Max supply
- 21,000,000,000
What is DigiByte?
DigiByte is a highly secure, multi-algorithm UTXO blockchain built for scale. It allows users to generate DGB through the process of mining. The network has a twelve-year history of uninterrupted uptime and operates with 15-second block times.
How DigiByte works
DigiByte operates on a peer-to-peer network where transactions are broadcasted and confirmed through a mining process. Users pay a small fee in DGB to broadcast transactions, which are then recorded on the shared ledger. The network's integrity is maintained through a proof-of-work consensus mechanism, ensuring that every unit is backed by DGB time-locked directly on the blockchain. This system is enforced by consensus rules rather than relying on any single entity.
Key information
- Symbol
- DGB
- CMC rank
- #197
- Network / platforms
- N/A
- Categories
- Mineable, Proof of work
- Date added
- Feb 6, 2014
Key characteristics
DigiByte features a modernized node infrastructure built on the Bitcoin Core 26 framework, inheriting the Taproot upgrade suite. Developers can access drop-in libraries for various programming languages such as Node.js, PHP, Python, and Go, or use a native WordPress plugin. The network is supported by thousands of independently-operated nodes worldwide, contributing to its operational resilience.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is DigiByte?
- DigiByte (DGB) is a multi-algorithm blockchain designed for scalability and security, enabling users to generate DGB through mining.
- How does DigiByte operate?
- DigiByte operates on a peer-to-peer network where transactions are confirmed through mining, with a shared ledger maintaining the integrity of the network.
- What are the technical features of DigiByte?
- DigiByte features a modernized node infrastructure and supports various programming languages for developers, enhancing its usability.
- What are the risks associated with transferring DigiByte?
- Users should verify the asset and network, handle private keys, and be aware of the potential volatility in digital asset prices.
- Where can I find official resources for DigiByte?
- Official resources for DigiByte, including documentation and source code, can be found on the DigiByte website and GitHub repository.
