DigiByte (DGB) is a decentralized cryptocurrency for fast, secure, and decentralized transactions. Coinidol.com review of the project.

It was created in 2013 by Jared Tate, with a focus on improving the shortcomings of other blockchain technologies. DigiByte is known for its active development community and commitment to enhancing the cryptocurrency ecosystem. 

Multiple mining algorithms

DigiByte utilizes five different mining algorithms (SHA-256, Scrypt, Skein, Qubit, and Odocrypt) to enhance security and prevent centralization. This approach aims to ensure a more distributed and resilient network.

It places a strong emphasis on security and decentralization. Its multi-algorithm approach is designed to mitigate the risks associated with dominant mining pools and to provide greater network security.

Moreover, it employs technologies like DigiShield and MultiShield to adjust the mining difficulty dynamically. This helps maintain consistent block times and protect the network from rapid fluctuations in mining power.

Digi-ID

Digi-ID is a feature of DigiByte that provides secure and decentralized authentication. It allows users to use their DigiByte wallet as a form of secure identity verification for online services and platforms. DigiByte can be stored in secure hardware wallets, providing an extra layer of protection for users' digital assets.

Moreover, DigiByte supports the development of decentralized applications and smart contracts through its DigiAssets platform. DigiAssets allows users to create and manage custom tokens with unique properties and use cases.

DGB token

DigiByte has its own native token DGB. It was mined in January 2014 as a fork of Bitcoin, however, did not get as much popularity as other altcoins.