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DigiByte (DGB) is a decentralized blockchain for unspent transaction outputs, launched in January 2014. The project was built based on the Litecoin codebase, but with several modifications.

In February 2014, the project introduced DigiShield, a real-time difficulty adjustment mechanism that stabilizes block time regardless of exponential changes in mining hash power.

The maximum supply of DGB is 21 billion, which will be fully mined by 2035. A pre-mined 0.5% of the total DGB supply has been distributed to early community members. The network has a block time of 15 seconds and is mined using consensus algorithms SHA256d (available for BTC miners), Skein, Qubit, Odocrypt (FPGA), and Scrypt (available for LTC miners).

The Odocrypt consensus algorithm was developed by the DigiByte team and adjusts itself every 10 days to prevent ASIC dominance. The algorithm was implemented in July 2019.

DigiByte is one of the first decentralized networks to implement the Segregated Witness (SegWit) system, a layer one solution to modify the transaction block system and improve the overall scalability of the network. DigiByte also allows for the execution of smart contracts by enabling OP_codes.$ETH #MyTradingStyle #MyTradingStyle