Digibyte
DigibyteName
Digibyte
Summary
Digibyte is an asset creation platform and an open-source blockchain.
-It was founded by Jared Tate in 2014
-It uses a Proof of work algorithm to secure the blockchain
Rating
Symbol
DGB
Overview
DigiByte is a Bitcoin-based open-source blockchain created in 2013 and released in 2014. DigiByte combined five separate algorithms to improve security and was created to enhance the security, capacity, and transaction speed of the Bitcoin blockchain.
DigiByte comprises of three layers: a smart contract "App Store," a public ledger, and the core protocol, which uses nodes to relay transactions.
Historical Price Movement (in INR)
Technology
DigiByte employs five proof-of-work algorithms (Sha256, Scrypt, Skein, Qubit, and Odocrypt) to secure the blockchain and decrease the possibility of double-spending.
DigiByte uses Segregated Witness (SegWit), a first-layer solution that enhances overall network scalability by changing the structure of transaction blocks.
Token allocation
The supply of DGB is capped at 21 billion by Digibyte. 0.5% of the total DGB supply was pre-mined in January 2014. 50% of the pre-mine was given away, and the other 50% was allocated to fund the development of the first Android & OSX DGB wallets. Every month, the block rewards are reduced by 1%.
Volume (As of 3rd April, 2022)
$83,022,468
Total Supply
15194103993
Circulating supply
15.19B DGB
Crowd Sales
DigiByte has never received funding from an initial coin offering (ICO) or a significant amount of pre-mined coins. A CEO or a firm does not control the DigiByte blockchain. It is a volunteer-based and community-driven project that spans the globe.
Funding
2/12/2014: Seed Round- $250K
Country
Netherlands
Name of Organization
DigiByte Foundation
Year Incorporated
2013
Registered Address
Vestigingsadres: 200 Winthontlaan, Utrecht, Nederland, 3526KV
Dispute Resolution and Governing Law
Netherlands
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Jared Tate | Founder | The College of Idaho: Psychology & BusinessUtah Valley University: Aviation Administration | 7 Yrs |
| Hans Koning | Co-Founder & Chair of the Board | Vrije Universiteit Amsterdam (VU Amsterdam): Research student Doctor of Philosophy - PhD candidate, Law Faculty (Kooijmans Institute)Nyenrode Business University: Post grad, Corporate Governance (for Non-Executive Board members)University of Amsterdam: Doctorandus (Drs), Information Studies, Policy Studies, Consumer Behaviour. | 28 Yrs |
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Whitepaper 
