DigiByte is a Bitcoin modification that aims to increase security, speed, and capacity.
It began as an open source blockchain and associated cryptocurrency, DGB. The network employs five distinct algorithms to maintain security and prevent ASIC miners from amassing too much power.
Later, another offering, DigiAssets, with DGB as its native token, appeared. DigiAssets is aimed at developers who want to launch digital assets, decentralized applications (DApps), and encode the necessary smart contracts.
For example, while popular blockchains such as Bitcoin average transaction times of 10 minutes, Digibyte does it in just 15 seconds! Furthermore, recent tests in late 2017 achieved a maximum output of 560 transactions per second, with the Digibyte team aiming to increase this to 280,000 per second by the year 2035!
Interestingly, the Digibyte project became the first blockchain in the world to install something called SegWit (Segregated Witness). This means that transaction confirmations are separated from the information stored within the block, helping to achieve faster transactions.
DigiByte (DGB) price equal to $0.1325 USD at 2021-27-04 here’s a price prediction on DigiByte (DGB)
Furthermore, By the end of 2021 we believe the price of DigiByte (DGB) will be around $0.76 - $1.03 USD.