DGB coin is a global decentralized payment network and digital currency, full name DigiByte, released on January 14, 2014, using Scrypt algorithm, 60 seconds block, supply total 21 billion, of which 0.5% pre-mining (105 million). DigiByte was inspired by Bitcoin and allows users to receive or send DigiBytes from any DigiByte address in the world within seconds.DigiByte uses P2P technology and has no central authority; Networks collectively manage transactions and issue DigiBytes. DigiByte is also open source, and its design is public participation, no one can own or control DigiByte, everyone can participate.
DigiByte isn't just a digital currency, it's an innovative blockchain that can be used for digital assets, smart contracts, decentralized applications and secure authentication.
DigiByte is not only a payment currency, its blockchain technology is an ecosystem. The three-tier architecture of Bitcoin is the most innovative part of this blockchain technology. It ensures network speed while maintaining stable architecture, security and scalability. Fast, powerful yet balanced and stable. The three layers are the core protocol layer, digital asset layer and application layer. As the core protocol layer at the bottom, responsible for communication collaboration of more than 200,000 blockchain nodes around the world; The digital asset layer in the middle ensures the security and reliability of Bitcoin transactions and is responsible for the collaboration of different mining algorithms; The top application layer allows everyone to develop and publish various decentralized applications (dApps), centralized applications (Digi-apps), and smart contracts based on the Extreme chain. In addition to Bitcoin, the Blockchain development team is also working on a number of blockchain products, including a decentralized browser (DigiMan), instant messaging (DigiMessenger), authentication and password management (Digi-ID), and more.
DigiByte's founder Jared Tate is a well-known entrepreneur and cybersecurity expert. He studied psychology and business at the University of Idaho and started working with Bitcoin in 2012. In the fall of 2013, he decided to make some improvements to bitcoin's core protocol. The DigiByte project was launched in January 2014.