DigiByte (DGB)

DigiByte (DGB) is a blockchain-based cryptocurrency created through the DigiByte Awareness Team in 2013. It is a decentralized, open source and secure digital currency or asset used for payments, information transfer and value storage. DigiByte was founded by Jared Tate, who was an early Bitcoin Proponent. DigiByte has a wide user base and community members across the globe that share and promote the technology. DigiByte coin is mined on the DigiByte blockchain, which Tate calls “the world’s longest, fastest, and most secure UTXO blockchain.” DigiByte is a relative newcomer but offers some unique features that differentiate it from its competitors. What makes it stand out is the fact that it is one of the fastest cryptos in the world, and its transactions are confirmed around every 20 seconds. It also has an advanced Difficulty Adjustment Algorithm that keeps block time consistent, while other cryptos have difficulty increases every 720 blocks. DigiByte is used to make secure peer-to-peer transactions online as well as for transactions between businesses and customers. It utilizes two separate platforms for its decentralized applications (dAPPS) – the DigiByte Core (DGB) and the DigiByte Go (DGO) – which allows developers to build a wide range of applications on the blockchain. DigiByte can be purchased and sold on a variety of exchanges, such as Binance and Huobi. You can also buy or sell with a direct peer-to-peer trade. Aside from trading, you can also mine for DigiByte coins and earn rewards for adding to the blockchain. Overall, DigiByte is a secure and advanced blockchain-based cryptocurrency created by Jared Tate. Its fast transaction speeds and advanced Difficulty Adjustment Algorithm make it an attractive option for traders and users alike. With its wide user base and strong community support, it is an increasingly popular cryptocurrency that is growing in popularity.