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DigiByte (DGB) is an open-source blockchain and platform for creating assets. Its development started in October 2013, and the first DGB tokens were mined in January 2014 as a fork of Bitcoin (BTC). As a long-standing public blockchain and cryptocurrency, DigiByte employs five different algorithms to enhance security, with the original goal of improving upon Bitcoin's security, capacity, and transaction speed. The system is structured in three layers: a smart contract "App Store," a public ledger, and the core protocol where nodes communicate to relay transactions.

DigiByte was founded by Jared Tate, also known as "DigiMan," who guided its evolution from development to its current state before announcing a temporary retirement in May 2020. He has since returned and, as of September 2020, appears actively involved in the project's growth. Tate's background includes involvement with Bitcoin since 2012, and he authored the first book by a blockchain founder, titled "Blockchain 2035: The Digital DNA of Internet 3.0." The project's operations rely on developers as well as the DigiByte Foundation, a volunteer organization focused on preserving the project, and the DigiByte Awareness Team, which handles marketing and promotion.

DigiByte is a variant of Bitcoin designed to diversify security, speed, and capacity. Initially, it was an open-source blockchain with its own cryptocurrency, DGB. The network uses five distinct algorithms to bolster security and prevent ASIC miners from gaining excessive control. Later, DigiAssets was introduced, with DGB as its native token, catering to developers who want to create digital assets, decentralized applications (DApps), and the necessary smart contracts. All governance is voluntary, aligning with the project's ethos of being open source and publicly accessible. Transaction fees in DGB are paid to miners for validating blocks.

DigiByte (DGB) is a proof-of-work (PoW) cryptocurrency where miners earn tokens through block rewards. In January 2014, 0.5% of the total supply, or 105 million coins, was premined, with half reserved for development and the rest distributed freely. The total supply is capped at 21 billion tokens, and the emission schedule decreases over time, with the block reward reducing by 1% each month. DigiByte has explicitly avoided fundraising methods like initial coin offerings (ICOs) or similar token sales.

DigiByte secures its blockchain using five proof-of-work algorithms to mitigate risks such as double spending and 51% attacks. The network features difficulty adjustments that enhance resilience against malicious mining activities, with claims of having the most advanced difficulty adjustment system among cryptocurrencies. Producing a block approximately every 15 seconds, DigiByte's blockchain has demonstrated longevity since its launch, now having a longer proof-of-work chain than Bitcoin, for example.

DGB is a widely traded altcoin available on numerous exchanges, with trading pairs in cryptocurrencies, stablecoins, and fiat currencies. As of September 2020, major trading volume was concentrated on platforms like Bilaxy, Binance, Sistemkoin, and OKEx. If you're new to crypto, you can find guides on how to buy Bitcoin or other tokens to get started.