Deep Dive
1. Purpose and value proposition
DigiByte is a public blockchain: a shared record of transactions that people can use without relying on one central operator. DGB is its native coin, used to send value and pay network transaction fees. Unlike a token issued on another blockchain, DGB operates on DigiByte’s own chain.
2. Technology and architecture
DigiByte uses proof of work, where miners use computing power to validate transactions and secure the network. It has five mining algorithms, allowing different kinds of mining hardware to participate. The design aims to make mining less dependent on a single algorithm. (DigiByte)
3. Ecosystem and uses
Beyond payments, DigiByte supports tools for creating digital assets, smart contracts, decentralized applications, and blockchain based authentication. These features let developers build services on the network, while DGB remains the chain’s native currency. (DigiByte)
Conclusion
DigiByte is a proof of work blockchain whose DGB coin supports payments and network activity, with additional tools for digital assets and applications. How broadly will developers use DigiByte’s built in asset and authentication features?null
