What is DigiByte (DGB)? | DigiByte Explained in Under 60 Seconds

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DigiByte (DGB) is an open-source, permissionless UTXO blockchain that can be used for digital assets, smart contracts, DApps and authentication security. The DigiByte native token DGB is a cryptocurrency developed for speed, low fees, security and decentralization. DGB is also used to pay fees to miners.

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The DigiByte blockchain consists of 3 layers which provide the network infrastructure, security & communications. These include applications, a public ledger and the global network.

Digi-ID is a security protocol that uses public / private key cryptography to allow for secure user sign-in (websites, applications, etc.) without the need for usernames and passwords.

DigiAssets (App Store)
The DigiAssets protocol allows for the creation of decentralized digital assets. Developers can build and launch DApps, smart contracts, tokens, digital identities & more.

Mining (Proof-of-Work)
DigiByte is a Proof-of-Work (PoW) blockchain, using MultiAlgo mining for decentralization and security. Five algorithms are used, allowing miners to use various hardware including ASICs and GPUs.

WEBSITE: https://digibyte.org/en-us/

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