DigiByte

DGB

DigiByte

Coin Code: DGB

Hashing Algorithm: Scrypt

Description:

DigiByte is a professional & transparent decentralized cryptocurrency that has been designed to address several of the weaknesses of Bitcoin & Litecoin. As the Bitcoin & Litecoin marketcap grows it is likely there will be even more price volatility and commodity speculation which will result in fewer transactions for goods and services as was originally intended with crypto currencies. As such, we as the development team felt it was best to create Digibyte with a total coin supply of 21 Billion DGB. This will help reduce price volatility once DigiByte is tied directly to the USD and or Euro/Yuan while keeping in parity with the number 21 success of Bitcoin. This will help encourage DigiByte to be adopted as a transactional currency and not as a speculative commodity. We are now seeing the death of the common home based Bitcoin miner and the emergence of large ASIC mining companies. We as a development team feel this centralization of hash power goes against the main principle upon which Bitcoin was created. Given this reason and others we have decided to use Scrypt with Digibye. Scrypt is a tried and tested algorithm that has experienced much success in the crypto community. We feel there is no need to re-invent the wheel here. From our research we have concluded that even if ASIC scryt miners are developed they will not give anywhere near the difficulty boost that was seen with Bitcoin and more than likely will not be cost effective to develop or purchase. Just as Facebook overtook MySpace or Chrome over took Internet Explorer so will a scrypt based coin over take Bitcoin. Bitcoin has done very well and paved the way but it will not be the king of crypto currencies forever. It is facing several issues right now including; slow transactions, limited coin supply and centralization of hash power. When studying new internet technologies rarely has the first to market ever stayed on top for long. Lycos was overtaken by Google, Napster has since been replaced by many others. More importantly there is room for several crypto

Coin Details

Coin Market CAP:$8993373.70627 USD
Coin Price:$0.00 USD
Coin in Existence:8,107,031,908
Coin Position (CAP):66
Block Count:4397678 Blocks
Block time:15 secs
Block Reward:901.23191821
Mining Difficulty347.27716828
Profit Ratio:2053.30875496
Profit Ratio Avg:1348.47899078

Specifications:

  • 21 Billion Total Coins
  • 60 Second Block Target
  • 1st 3 days reward will be 16,000 per block
  • Then 8,000 DGB Per Block, Reward Halves Every 2 Years
  • 0.5 % Pre-Mine (105 Million)
  • Scrypt, POW
  • Difficulty Re-Target every 2.4 hours or 144 blocks

Market Prices

Exchange Currency Pair Last Price
Cryptsy DGB/BTC 0.00000036
Cryptsy DGB/XRP 0.03138529

Last 1000 Transactions


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