DigiByte (DGB): how it works, supply and reviews
Layer 1 blockchain
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Key facts
- Ticker
- DGB
- Category
- Layer 1 blockchain
- Network
- own blockchain
- Launched
- 2014-01
- Mining algorithm
- Multiple Algorithms
- Official site
- DigiByte.org
- Source code
- github.com/DigiByte-Core/DGBio
Data: CoinGecko, 2026-10-27. Only projects that still trade with meaningful volume are listed.
What is DigiByte
DigiByte is a proof-of-work UTXO blockchain, running since January 2014, with 15-second blocks secured by five mining algorithms. DGB is its native coin, and the network also supports DigiAssets, Digi-ID logins and the DigiDollar stablecoin.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Independent layer-1 UTXO blockchain |
| Consensus | Proof of work using five algorithms in parallel: SHA-256d, Scrypt, Skein, Qubit and Odocrypt |
| Block time | 15 seconds |
| Launched | January 2014; the genesis block cites a USA Today headline of 10 January 2014 |
| Smart contracts | No general smart contracts; native custom assets through DigiAssets |
Supply and issuance
| Parameter | Details |
|---|---|
| Maximum supply | 21,000,000,000 DGB |
| Issuance | Block rewards fall gradually every month rather than through halvings |
| Initial distribution | 0.5% premine used for giveaways and development; the rest is mined |
What DGB is used for
- Payments and transfers that confirm in about 15 seconds
- Paying fees to issue and move DigiAssets
- Collateral for the DigiDollar stablecoin, locked in on-chain reserves
Who develops and governs DigiByte
- Developer
- DigiByte Core, an open-source project; development moved to the DigiByte-Core GitHub organisation in 2020
- Open source
- Yes; MIT license
- Governance
- No on-chain governance; protocol upgrades are activated through miner signalling (BIP9)
History
| Date | Event |
|---|---|
| January 2014 | DigiByte mainnet launches; the genesis block cites a news headline from 10 January 2014. |
| 2020 | Core development moves to the DigiByte-Core GitHub organisation. |
Security and audits
- Mining is split across five proof-of-work algorithms aimed at different hardware, and Odocrypt changes itself every 10 days to resist ASIC dominance.
Risks and caveats
- DigiDollar relies on an oracle roster to deliver the USD/DGB price used for its DGB collateral.
- A 0.5% premine was set aside at launch for giveaways and development.
Official links
- Website: digibyte.org
- Source code: github.com/DigiByte-Core/digibyte
Questions and answers
What is DigiByte (DGB)?
DigiByte is a proof-of-work UTXO blockchain launched in January 2014 with 15-second blocks. DGB is its native coin.
What is the maximum supply of DigiByte?
DGB is capped at 21 billion coins, issued on a monthly-reduction schedule without halvings.
How does DigiByte reach consensus?
Miners use any of five proof-of-work algorithms: SHA-256d, Scrypt, Skein, Qubit and Odocrypt.
What is DigiDollar?
DigiDollar is DigiByte's native non-custodial stablecoin, backed by time-locked DGB collateral held in on-chain reserves.
Sources
- CoinGecko — DigiByte
- DigiByte — home page
- DigiByte Core source — chainparams.cpp
- DigiByte Core — README
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