About

DigiByte is a blockchain platform founded in 2013, notable for its digital currency (DGB) and capabilities in digital assets, smart contracts, dApps, and secure authentication. Its key features include advanced security through multiple cryptographic algorithms, rapid transaction processing, and a decentralized structure. DigiByte emphasizes on being open-source and community-driven, without centralized control.

History

DigiByte is an open-source blockchain based on Bitcoin that was developed in 2013 and released in 2014. DigiByte differs from Bitcoin in its confirmation speeds and protocol parameters that its creator, Jared Tate, deemed better for network decentralization and transaction security. The DigiByte blockchain was the second major blockchain to implement Segregated Witness via a soft work in April 2017. The first Digibyte gensis block was mined on January 10, 2014, and included the headline from USA Today: “Target: Data stolen from up to 110M customers," underscoring its motivation for digital security.