What is DigiByte (DGB)? DigiByte (DGB) is an open source blockchain and resource creation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a fork of Bitcoin (BTC). A long-standing public blockchain and cryptocurrency, DigiByte uses five different algorithms to improve security and was originally intended to improve the security, capacity, and transaction speed of the Bitcoin blockchain. DigiByte consists of three layers: an "App Store" smart contract, a public ledger, and the main protocol with nodes that communicate to forward transactions. Who are the founders of DigiByte? DigiByte was created by Jared Tate, aka "DigiMan", who oversaw its metamorphosis from development to current configuration before announcing that he would be temporarily retiring from his role in May 2020. Tate has since returned and has since September 2020 appears to be once again closely involved in the growth of DigiByte. Tate's biography states that he has been involved with Bitcoin since 2012 and wrote the first book written by a blockchain founder, "Blockchain 20 35: The Digital DNA of the Internet 3.0." of the developers, but also of the DigiByte Foundation, a volunteer organization in charge of supervising the conservation of the project. A third group of volunteers, the DigiByte Awareness Team, is responsible for marketing and promotional activities. What makes DigiByte unique? DigiByte is a modification of Bitcoin that aims to diversify the possibilities of security, speed and capacity. Its first incarnation was as an open source blockchain and its associated cryptocurrency, DGB. The network has five separate algorithms that help maintain security and help prevent ASIC miners from committing too much power. Later, another offering appeared, DigiAssets, with DGB as the native token. DigiAssets is aimed at those developers who want to launch digital assets, decentralized applications (DApps) and code the necessary corresponding smart contracts. All of DigiByte's governance structures operate on a voluntary basis, in accordance with the thesis that the network should be open source and publicly accessible. DGB transaction fees are paid to miners for blockchain validation. Related Pages: Learn more about Litecoin (LTC) here. Learn more about Ethereum (ETH) here. New to cryptocurrencies? Find out everything you need to know with Alexandria, CoinMarketCap's dedicated educational resource. How many DigiByte (DGB) coins are there in circulation? DigiByte (DGB) is a proof-of-work (PoW) cryptocurrency and miners earn block validation tokens through massive rewards. In January 2014, 0.5% of the total DGB supply (105 million coins) was prepackaged. 50% of the premine was reserved for development, while the rest was sold. DGB has a maximum supply limit of 21 billion tokens, and mining forms an issuance curve with decreasing issuance: the block reward is reduced by 1% each month. DigiByte said that it has not deliberately attempted to raise funds or give tokens through tools such as an Initial Coin Offering (ICO) or similar token sale. How is the DigiByte network protected? DigiByte uses a total of five proof-of-work algorithms to secure the blockchain and reduce the risk of double spending or attacks by 51%. Difficulty settings ensure resiliency against hostile moves within mining circles, and DigiByte claims to have the most advanced difficulty settings among cryptocurrencies. With roughly one block every 15 seconds, the DigiByte blockchain has managed to prove the longevity of its PoW blockchain since its launch, and now has a much longer PoW chain than, say, Bitcoin. Where can you buy DigiByte (DGB)? tradable altcoin and is available on multiple exchanges. Trading pairs are available for cryptocurrencies, stablecoins, and fiat currencies. Bilaxy, Binance, Sistemkoin, and OKEx held the majority of DGB's trading pairs volume as of September 2020. New to crypto? Find out how to buy Bitcoin or any other token here.