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Basic Blockchain FAQs

As of today DigiByte is the fastest, largest, most scalable and secure decentralized multi-algorithm blockchain in the world.
  • Launch Date: January 10th, 2014
  • Blockchain Type: Public, Decentralized, UTXO based, Multi-Algorithm
  • Ticker Symbol: DGB
  • Genisis Block Hash: "USA Today: 10/Jan/2014, Target: Data stolen from up to 110M customers"
  • Max Total Supply: 21 Bilion DigiBytes in 21 Years (2035)
  • Current Supply: 8,107,031,908 DGB (May 2017)
  • Yearly Supply Inflation: 12% in 2017
  • Block Reward Reduction: 1% Monthly
  • Current Block Reward 891 DGB
  • Mining Algorithims: Five (Sha256, Scrypt, Groestl, Skein & Qubit)
  • Block Timing: 15 Second Blocks, (1.5 Minutes per algo)
  • Algo Block Share: 20% Block Share Per Algo (5)
  • Difficulty Retarget Every 1 Block, 5 Seperate Difficulties, 1 For Each Mining Algo
  • SegWit Support Yes. First major altcoin to successfully activate Segwit. (April 2017)
  • Hardforks 4. DigiShield, MultiAlgo, MultiShield, DigiSpeed
  • Softforks 3. SegWit, CSV, NVersionBips

DigiByte Mining

You can mine DigiByte on one of five seperate mining algorithms. Each algo averages out to mine 20% of new blocks. This allows for much greater decentraliztion than other blockchains. In order for an attacker to hardfork DigiByte the attacker would need to control 93% of the hashrate on 1 algo, and 51% of the other 4 making DigiByte much more secure against PoW attacks than other blockchains.
  • Sha256 (ASIC friendly)
  • Scrypt (ASIC friendly)
  • Groestl (GPU friendly)
  • Skein (GPU friendly)
  • Qubit (CPU friendly)

DigiByte Transaction Speed

DigiByte has introduced special code that doubles block size every two years to scale the amount of transactions the network can handle well into the year 2035. Additonal work is underway to further increase transaction speed and network capacity.
  • Year 2016: 280 Transactions Per Second
  • Year 2017: 560 Transactions Per Second
  • Year 2019: 1,120 Transactions Per Second
  • Year 2021: 2,240 Transactions Per Second
  • Year 2035: 280,000+ Transactions Per Second

DigiByte vs Other Leading Blockchains

Over the past three years DigiByte has set itself apart in the Blockchain World
  • 1st Major Altcoin to Activate SegWit (April 2017)
  • Pionereed DigiShield Difficulty Adjustment (2014, Now used in many blockchains)
  • MultiShield Algorithm Mining (2015)
  • UTXO, Proof of Work, Decentralized, Open-Source
  • Fair Initial Ditribution
  • Focus on Utility, Security & Real World Uses