DigiByte (OP)
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Official DigiByte Account
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January 10, 2014, 07:49:28 AM
Last edit: October 18, 2018, 04:56:43 PM by DigiByte |
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Historical DigiByte OP Info Once information from the above OP becomes irrelevant it is posted here for historical purposes.
★★ Introducing DigiByte 极特币 v4.0.3 DigiSpeed★★ Hard Fork @ Block 1,430,000 Earn FREE DigiBytes by playing League of Legends ★ Introducing DigiByteGaming.com ★ ★ Introducing DigiByteTip.com ★ ★ Introducing DigiByteMarket.com ★ 
What is DigiByte? (60 second explainer video)
What is DigiByte?
DigiByte 极特币 (DGB) is a rapidly growing worldwide decentralized payment network & digital currency, inspired by Bitcoin. DigiByte allows you to move money over the internet similar to PayPal & Western Union but with many improvements, including lightning fast transactions with minimal or no fees. You send & receive DigiBytes to or from any DigiByte address in the world in a matter of seconds with no required sign up, registration, or hidden fees.
Mission statement
The mission of DigiByte is to bring the benefits of digital currency payment technology to merchants, consumers, & mainstream societies across the globe in the most easy to understand way possible.
Vission statement
We envision DigiByte becoming a decentralized payment network & digital currency used by millions of people across the planet to quickly & easily buy and sell good & services over the internet, in store, or person-to-person with little to no fees.
Core pillars
Absolute Security: Our number one priority will now and forever be network and user security.
Speedy Transactions: We strive to create the fastest possible decentralized transactions.
Worldwide Decentralization: Keep the network open, transparent and accessible at all times.
Ease of Use: Allow anyone to use and benefit from DigiByte in an easy to understand manner.
Flexible Innovation: Quickly improve, adapt and innovate as new technology and threats arise.
Key terms
DigiByte: Refers to the entire DigiByte network or a single monetary unit on the payment network. 21 billion DigiBytes will be created over 21 years.
Block: A grouping of all transactions sent over the DigiByte network within a 30 second time frame. Think of a block as an excel spreadsheet that lists the address location of all DigiBytes at a given point in time in history. New DigiBytes are brought into circulation as each block is discovered on the network through a process called mining.
Mining: Mining is how transactions are processed on the network. Anyone can become a miner by donating and using their desktop, laptop or mobile phone computing power to help process transactions on the DigiByte network. DigiByte has made this process even easier with our 3 click mining software for beginners.
Blockchain: The DigiByte blockchain is the entire history of all blocks discovered on the network & therefore all transactions made on the network. Each block references the proceeding block all the way back to the beginning of the network to what is known as the genesis block. By linking blocks (spreadsheets) together an accurate, secure accounting of all up to date DigiByte ownership is made by decentralized consensus.
Why use DigiByte?
 Security: DigiByte uses five highly advanced cryptographic algorithms.
Speed: DigiByte transaction notifications occur in 1-3 seconds, blocks are discovered every thirty seconds and transactions are fully confirmed every 3 minutes. Future planned upgrades will make these times even faster.
Fees: Most DigiByte to DigiByte transactions are free or carry a very small network-mining fee to incentivize people to mine.
Worldwide: DigiBytes are already stored, traded and transacted in over 89 countries.
Decentralization: There is no need for a middleman or third party or central server.
Re-Spend: Send DigiBytes you received to someone else in as little as three minutes.
Finite Production: New DigiBytes are added to the network every thirty seconds through a process called mining as each new block (or grouping of transactions in a spreadsheet like format) is discovered by the network.
Scarcity: 21 Billion DigiBytes will be created in 21 years.
1% Monthly New Minting Reduction: New DigiByte production decreases 1% every month.
Mining: DigiByte mining is decentralized with five independent, highly secure mining algorithms.
Adaptable, innovative & flexible: DigiByte is constantly adding new features & services to remain on the cutting edge of digital currency technology.
Committed Development: DigiByte has been under constant, progressive development for over one year now with core development team members from all over the world.
Millennial Acquisition Potential: DigiByte provides merchants, banks & other legacy institutions with a new means of acquiring & connecting with tech savvy millennial users.
A Bright Future: DigiByte has many new & exciting projects underway to be released throughout 2015 to increase DigiByte utility and new user adoption across the globe.
DigiByte vs. Bitcoin
Security: 5 DigiByte mining algorithms vs. 1 Bitcoin algorithm.
- DigiByte mining is much more decentralized.
- DigiByte mining algorithms can be changed out in the future to prevent centralization.
Speed: DigiByte transactions occur much faster that Bitcoin transactions.
- 1-3 second transaction notifications.
- 15 second DigiByte blocks vs. 10 minute Bitcoin blocks.
- DigiBytes are confirmed after 1.5 minutes vs. 1 hour with Bitcoins.
Transaction Volume: DigiByte can handle many more transactions per second.
- Bitcoin can only handle 7 transactions per second.
- DigiByte currently can handle 280+ transactions per second.
- The 2015 DigiSpeed hardfork introduced changes that double the capacity of the network every two years.
Total Supply: More DigiBytes, lower price, more micro transactions, better price stability.
- 21 billion DigiBytes will be created over 21 years.
- Only 21 million Bitcoin will be created over 140 years.
- 1:1000 ratio. 1 Bitcoin for every 1000 DigiBytes.
Flexibility: Ability to quickly add new features.
- DigiByte can add new features & upgrades much quicker than Bitcoin.
- Future DigiByte upgrades will push transaction limit to several thousand per second.
Marketability & Usability: DigiByte is an easy brand to market to consumers.
- Send 5 DigiBytes instead of 0.005 Bitcoin.
DigiByte Core v4.0.3 Wallets & Source
DigiByte Mobile Wallets
DigiByte Info Kit Share This PDF With Everyone You Know Who Can Benefit From DigiByte
Meet The Founder Jared
 
DigiByte uses five independent mining algorithms to process transactions over the network. Each algorithm accounts for about 20% of all blocks discovered on the network. This allows for greater decentralization as currently three of the five DigiByte algorithms are ASIC resistant and much better for GPU miners. The best GPU algorithms to mine on are Skein, Groestl and Qubit. It is still possible (but not recommended) to mine all five algorithms with a CPU.
SHA256 is heavily dominated by used Bitcoin ASICS as DigiByte provides an attractive market to miners who can no longer competitively mine Bitcoin with their used ASICS. Scrypt is now becoming more dominated by ASICs, however it is still possible to GPU mine a few DigiBytes each day.
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Basic Facts ------------------------------------------------
21 Billion DGB in 21 years
15 Second Blocks
5 independent mining algorithms
Sha256, Scrypt, Skein, Groestl & Qubit
0% premine remaining
1% reward reduction every month
current reward: 1410 DGB per block
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Network Timeline --------------------------------------
Launch:
Jan. 10th, 2014
DigiShield Hardfork
Block 67,200, Feb. 28th, 2014
MultiAlgo Hardfork
Block 145k, Sep. 1st 2014
MultiShield Hardfork
Block 400k, Dec. 10th 2014
DigiSpeed Hardfork
Block 1,430,000 Dec. 4th 2015
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digibyte.conf --------------------------------
rpcallowip=127.0.0.1
rpcuser=username
rpcpassword=password
server=1
daemon=1
txindex=1
debug=1
algo=scrypt
rpcport=14022
port=12024
addnode=216.250.125.121
addnode=69.164.198.161
addnode=45.79.10.59
addnode=104.237.137.28
addnode=66.228.56.115
addnode=104.200.17.141
addnode=45.79.135.140
addnode=45.33.7.79
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Tofugear Hong Kong Collaboration DigiByte Is Proud To Be Working With Tofugear On Several Exciting Projects
The DigiByte Team is pleased to announce the opening of two new companies and offices representing their full suite of products & services: DigiPay LLC of Santa Monica, California and Hong Kong. With a private investment made for USD $250,000, the DigiByte Team now has the financial backing to build software and services around the DigiByte core protocol and bring DigiByte further into the digital and real world markets.
Through a strategic partnership & shared office with Tofugear Limited of Hong Kong, the DigiByte Team has now expanded to developing solutions in a global operation, to meet the ever-changing demands of the consumer. In collaboration with Tofugear Limiteds strategic retail, wholesale and technical development partnerships, the DigiByte core protocol is currently being developed into a range of solutions that will revolutionize the consumers daily life.
Digibyte & Tofugear omnichannel platform at House of Blue jeans Click image to watch the video
DigiByte Timeline
2009 - 2012: The initial design & development for an open source decentralized cryptocurrency known as Bitcoin is created by an anonymous programmer using the name Satoshi Nakamoto. 2012 2013: The founder of DigiByte, Jared Tate initially discovers Bitcoin and spends over 14 months analyzing, learning & experimenting with the Bitcoin network and source code. November 2013: Jared decides to improve upon Bitcoins codebase with a brand new digital currency & payment network named DigiByte and begins development. January 10th, 2014, 12 PM MST: DigiByte officially launches with much success and user participation from around the globe. February 28th, 2014: DigiShield hardfork at block 67,200. DigiByte developers in response to multi-pool attacks test and develop an asymmetrical difficulty adjustment system named DigiShield. DigiShield is quickly adopted & implemented by many other digital currencies including Dogecoin. Many digital currencies still use & apply parts of DigiShield codebase. April 8th, 2014: DigiByte attends, gives a professional presentation & has a booth at the first ever cryptocurrency convention in New York City. Watch Video HereMay 1st, 2014: DigiByte mentioned on CNBC.com. Read HereMay 9th, 2014: DigiByte mentioned live on CNBC for the first time. Watch Video HereMay - August 2014: DigiByte team meets with several potential investors & strategic partners. September 1st, 2014: MultiAlgo hardfork at block 145,000. DigiByte plans & successfully deploys its second hardfork to allow miners to mine on five independent mining algorithms & is the first digital currency to make such a move. November 29th, 2014: DigiByte officially announces a $250,000 private investment to build services around the DigiByte network as well as a strategic collaboration with Tofugear Ltd of Hong Kong and a new office presence in Hong Kong. Read Announcement HereDecember 10th, 2014: MultiShield hardfork at block 400,000. DigiByte deploys & executes its third hard fork to improve network performance alongside a reward reduction to extend DigiByte production to 21 years. January 10th, 2015: DigiByte turns one year old. January 16th, 2015: DigiByte releases DigiHash Easy Miner for beginners. Read Release PostJanuary 21st, 2015: DigiByte releases 1st Web Based Multi-Signature Wallet. Read Release PostJanuary 23rd, 2015: The first DigiByte wallet has been approved & listed on the Apple iTunes store. Read Release PostJanuary 26th, 2015: DigiByte mentioned on CNBC.com! Read ArticleFebruary 1st, 2015: The DigiByteTip is released to the public for beta testing. This allows users tip send & tip DigiBytes on Twitter, Twitch, Facebook and Reddit. Read Release PostMarch 21st, 2015: DigiHash Easy Miner 2.0 released! June, 9th 2015 : DigiByte has been added to the Coinomi Wallet! June 12th, 2015: DigiByte Gaming Wallet released for Android and Chrome extension! DigiByte Gaming Download the Digibyte gaming walletJune 14th, 2015: EPLDCC releases DigiByte GroupJune 27th, 2015: DigiStats website goes live! DigiStatsJuly 20th, 2015: DigiReport #1 https://www.youtube.com/watch?v=QnK6ofo6RX8July 28th, 2015: DigiReport #2 https://www.youtube.com/watch?v=86CVAVr99-IAugust 3th, 2015: DigiReport #3 https://www.youtube.com/watch?v=JRull_S1RW0August 10th, 2015: DigiReport #4 https://www.youtube.com/watch?v=hZeISgFZNXYAugust 17th, 2015: DigiReport #5 https://www.youtube.com/watch?v=-haCDqhaTqcAugust 20th, 2015: Digiknow #1 https://www.youtube.com/watch?v=scr6BzFddsoAugust 25th, 2015: DigiReport #6 https://www.youtube.com/watch?v=s6SxmDmUvIkAugust 31th, 2015: DigiReport #7 https://www.youtube.com/watch?v=aI8d-zhpkUsSeptember 7th, 2015: DigiByte Gaming Chrome App Updated Download HereSeptember 8th, 2015: DigiByteGaming.com released! Get paid DigiBytes by playing League of Legends! September 17th, 2015: How To Sign Up For DigiByte Gaming & Install A Gaming Wallet October 15th, 2015: How To Sign Up for #DigiByteTip and tip on Twitch & Twitter October 20th, 2015: DigiReport #8 https://www.youtube.com/watch?v=r4JFALjythENovember 3rd, 2015: A Few Thoughts on DigiSpeed & Blockchain ScalabilityNovember 9th, 2015: DigiByteMarket.com Officially ReleasedNovember 23rd, 2015: DigiSpeed v4.0.0 Officially Released - Hard Fork Block @ 1,430,000
The DigiMan Official DigiByte Mascot
Why use DigiByte? - 1st coin to fork to multi-algorithm mining (Most fair distribution).
- With 5 unique algos & independent difficulties a 51% attack is significantly mitigated and becomes much harder to carry out.
- 1st coin to develop & implement DigiShield (asymmetrical difficulty adjustment).
- 30 second blocks are better for merchants transactions.
- Professional & dedicated development team since launch on Jan. 10th 2014.
- Strategic long term road-map & vision alongside pending global corporate partnerships.
- 1:1000 ratio with Bitcoin, better for micro transactions.
- No more premine as it was given away to users & charity and used for initial development as stated from the beginning until outside funding was received.
Why did DigiByte switch to Multi-Algo mining?
1) To update DigiShield and speed the blockchain back up to normal.
2) It is the most fair POW mining option out there (embraces ASICs & GPU miners alike on an even playing field).
3) More secure than a single POW mining scheme (much harder to 51% attack).
4) Speed block timing up to 30 seconds to facilitate faster merchant transactions (ties in with DigiPay LLC development).
5) Tap into used Bitcoin ASIC miners market. (Use those old ASICS to help secure the DGB blockchain)
If you can think of another reason multi-POW is better, let us know!
Coin Facts
21 Billion Total Coins | 30 Second Blocks (2.5 Min per Algo) | 8,000 DGB Reward, Reduces 0.5% Every 10,080 blocks |0.5 % Pre-Mine (0%) | MultiAlgo, POW | 2.5 Min Re-target (Each algo, averages previous 10 blocks) Note: We are now a 0% pre-mine as the entire pre-mine has been given away or used for development.
Core DigiByte Team
- BitcoinTate (LinkedIn) - Founder, Windows Wallet, Linux Wallet, DigiByte.co Website, Servers.
- xploited - Android wallet & source code, servers.
- Sifu - Project/training management & quality control.
- Giggler - Alt-coin expert, IT support.
- EDOG - Legal & editor.
- Finchster - Expert programmer consultant.
- bman3 - DigiMan redesign, professional voice-over, 3d promo graphics and promo video.
- Instacash - Mac OSX wallet.
- creativecuriosity - Public relations, quality control, idea generation.
- Ice_Blade - IRC support, DigiBot developer.
- WutriCoin - DigiByteTalk forum operator.
- Cryos75 - Reddit tip-bot developer.
Merchants Accepting DigiByte
Additional DigiByte Contributors
Chrisoldinho - Trading Thread & Spreadsheet | cryptic4000 - Marketing | andnexus - Marketing | hearnomore- Mining Pool Operator | shtefan - Mining Pool Operator | Bigal - Mining Pool Operator | jochem - Mining Pool Operator | saymissme- Mining Pool Operator | pickaxe.cc - Mining Pool Operator | thrassos - Mining Pool Operator | Pythonideus - Mining Pool Operator | Temple - Mining Pool Operator | pterion2910 - reddit | nicksly - French Translation | shtefan - Russian Translation | wenwen - Chinese Translation | vectisitch - German Translation | pmm123 - Spanish Translation | taxli - Korean Translation | martins - Portuguese Translation | robinvand - Dutch Translation | frscoin - Italian Translation | Thrassos - Greek Translation | Q_R_V - Polish Translation | grynca - Czech Translation | ficilan - Slovak Translation | suchnoob - Romanian | halinyo - Turkish | Rocou - Merchant | Bitcoins101 - Merchant | CryptoCrock - Merchant Alligator Meat | athaneum - Merchant | martins - Merchant Portuguese Hotel
DigiByte Language Threads
DigiByte Giveaways
DigiByte Reward Bounties
500,000 DGB to 1st 6 DigiByte Mining Pools (0/6 remaining) | 250,000 DGB Language Translations (0/18 remaining)
100,000 DGB to 1st 5 DigiByte Games/Faucets (0/5 remaining) | 200,000 DGB to first 15 merchants who accepting DigiByte (0/15 remaining)
DigiByte Press & News
DigiByte.conf
[/list]rpcallowip=127.0.0.1
rpcuser=yourusername
rpcpassword=yourpassword
server=1
daemon=1
txindex=1
debug=1
algo=scrypt
rpcport=14022
port=12024
addnode=216.250.125.121
addnode=74.208.230.160
addnode=69.164.206.169
addnode=192.99.215.234
addnode=96.126.114.208
addnode=54.204.36.33
addnode=192.99.41.108
addnode=199.83.128.91
addnode=199.83.132.91
MultiAlgo Options
Once multi-algo mining kicks in you need one of these settings in your .conf to solo mine whichever algo you choose:
algo=scrypt
algo=sha256d
algo=groestl
algo=qubit
algo=skein
Pre-Mine Details:
- 52.5 million DGB for giveaways over first two months to encourage adoption of DGB.
- Giveaway address will be publicly posted on website with a public record of all transactions in the block chain.
- 52.5 million DGB for development expenses to further DigiByte and help it become a mainstream currency.
- Development account address will be publicly posted on website with a public record of all transactions in the block chain.
- Our goal is to be transparent and accountable with the 0.5% pre-mine to ensure a bright future for DigiByte.
Pre-Mine Accounts:
- Giveaway Account: DFsSa6kVoCyHK8ryZYDNX2fi5294kSuH2Q
- Initial Balance: 52,500,000.00 DGB
- Current Balance: 0 DGB
- Development Account: DQkqGjRqyfsmzFQ27tPK2PNJe7gPZUVm1U
- Initial Balance: 52,596,000.00 DGB
- Current Balance: 0 DGB
**Note: After the first 6 days of DigiByte's life over 44,105,165.259 million DigiBytes were dispersed from the giveaway account to merchants, developers, users and more in over 1500 Transactions to DigiByte Addresses!
Original Post in this space:
can you put a countdown timer link? much appreciated  
OLD OP - Archived October 2018
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