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Basic Blockchain FAQs

DigiByte Blockchain Basic Parameters
  • Toal Supply: 21 Bilion DigiBytes in 21 years
  • Block Timing: 15 Second Blocks, (1.5 Minutes per algo)
  • Mining Algorithims: Five (Sha256, Scrypt, Groestl, Skein & Qubit)
  • Blockchain Type: Public, Decentralized UTXO based
  • Launch Date: January 10th, 2014

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
  • Pionereed DigiShield Difficulty Adjustment (Now used in many blockchains)
  • MultiShield Algorithm Mining
  • UTXO, Proof of Work, Decentralized, Open-Source
  • Fair Initial Ditribution
  • Focus on Utility, Security & Real World Uses