What is Digibyte cryptocurrency: More information about digibyte coin

By QuintoTrader | Crypto Street | 17 Jul 2019


 Digibyte is a   cryptocurrency created on Digibyte blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Digibyte was mainly created to speed up transaction 

Digibyte transaction

Digibyte transaction takes place on the Digibyte blockchain Explorer based on  blocks height and timestamp. To view how Digibyte transaction takes place on the Digibyte blockchain explorer, simply follow the link below;  


Date Launched

Digibyte was created in 2013 but went public in 2014 with the main objective of speeding up transaction. Since then, the developers have been keeping on improving on this coin to make sure that it is more secure and the transaction is much faster compared to bitcoin

Founder Of Digibyte

 Digibyte was created by Jared Tate who is a programmer and an entrepreneur. His main objective was to make sure that Digibyte transaction becomes much faster than bitcoin as well as much more secure  

Process of creating Digibyte

Digibyte  is created through the proof-of-work mining process by aid of GPU, CPU and ASICS hardware in the presence of internet and electricity using the sha256, skein, qubit,groestl, and scrypt algorithm. To mine using CPU and GPU, you have to download the software while to mine using ASICS hardware, you have to purchase the hardware . You can either decide to become a solo miner which is very slow thus takes a lot of time to discover a block or can decide to join pool mining by sharing your computing power which is very fast and more rewarding.    

  Maximum circulation of Digibyte

Unlike cryptocurrencies like bitcoin and ethereum where their reward on halving every year, for Digibyte cryptocurrency, that is not the case. Instead, the block reward will keep on decreasing by 1% every month. Upon completion of its mining process, the maximum number of Digibyte cryptocurrency that is expected to be in the Digibyte blockchain economy should be 21,000,000,000 coin

Digibyte Price

Currently, 1 Digibyte  is worth more than $0.01 and its price is expected to increase over the next period of time. Digibyte is being abbreviated as DGB.  

Converting my Digibyte to other cryptocurrencies

To convert your Digibyte to other cryptocurrencies such as bitcoin , you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your Digibyte to bitcoin  


Storing my Digibyte

To store your Digibyte, you need a Digibyte wallet or other supported cryptocurrency wallets. You can use , coinpayment or other supported Digibyte wallets. For the safety of your Digibyte, you can use offline Digibyte wallet like Ledger hardware  wallet  or you can download Digibyte core wallet.  

Transferring my Digibyte to other Users

If you want to transfer your Digibyte to another user, the two of you must have trust in each other. The trust should be the Digibyte address provided for the receiver while the sender must have the Digibyte balance in their account to send to the receiver. For the sender, a blank space to insert receiver address and another blank space to insert the amount to send to the receiver is indicated. Here is how it looks like;



  Knowing more About Digibyte

If you feel that you need to learn more about Digibyte cryptocurrency, then you can follow them on their site. Here is the link redirecting you to Digibyte site  


  Now that you know, i think that it is time for you to start Mining some Digibyte or can purchase them if you don't have enough computing power to mine them. If you feel that i should also own some for helping you to know more about this cryptocurrency, here is my Digibyte address ;


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