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What is DigiByte all about
DigiByte is an ambitious blockchain project that is looking to be both a cryptocurrency through its DGB token, as well as a blockchain platform through its multilayered architecture. While maintaining the regular offerings of a blockchain platform, DigiByte prioritizes cybersecurity and scalability.
This platform also has additional features enabling users to issue assets, launch applications and use digital identities because the blockchain is divided into multiple layers.
First, there is the Application Layer, which is the user-facing layer where anyone can access DigiByte’s dapps and interact with its cryptocurrency, DGB. Following that there is the Consensus Layer, a layer where transactions get recorded and that allows miners to manage the release of new DGB cryptocurrency like most other coins. And finally, the Network Layer which is the foundational layer of the blockchain that defines the communication and operating procedures for all devices running the software.
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DGB Questions & Answers
What price will DigiByte reach in 3 months?
Based on our short term prediction we estimate that the price of DigiByte will be between €0 and €0.00777690 in three months time.
Does DigiByte have a large following on online?
45013 Reddit users were engaging in an online discussion on Reddit about DigiByte in the last 48 hours. DigiByte's official Twitter handle is followed by 243919 people.
Is DigiByte expected to increase in value half year from now?
Long term forecast is very difficult, however based on our price prediction we suspect that DigiByte's cost is likely going to be between €0 and €0.00777690 in 6 months.
How much is DigiByte worth today?
Price of DigiByte right now is 0.01169757 Euro.
Is DigiByte expected to increase in value 1 month from now?
According to our price prediction, we estimate the value of DigiByte is likely going to reach between €0 and €0.00777690 one month from now.
What was the highest historical price of DigiByte?
The highest price of DigiByte was registered on 2021-05-01, at 0.15 EUR.
When was DigiByte created?
DigiByte is one of the more well established cryptocurrencies despite not getting as much hype or attention. It was created in 2014 by Jared Tate — this was before Ethereum even came to the fore.
What makes DGB an attractive alternative crypto?
Being one of the more well established cryptocurrencies is a good start for this coin, but it is also attractive in its goal to be a competing value crypto while also implementing asset issuance and smart contracting.
What are the main uses of DGB?
The DGB cryptocurrency helps maintain and operate the DigiByte network primarily. It is used by the network to power the dapps built on top of its blockchain, and, by owning DGB, users gain the ability to participate freely within these applications.
What mining algorithm does DigiByte use?
Digibyte uses five mining algorithms when most only use one. These five different mining algorithms are meant to prevent mining centralization and make the network more secure and decentralized.
10 days DigiByte price forecast
Long term DigiByte price prediction