DigiByte

DigiByte is a proof-of-work Layer 1 blockchain launched on January 10, 2014, designed to serve as a fast and decentralized network for digital currency transfers, digital assets, smart contracts, and secure authentication. It positions itself as a solution to concerns about mining centralization, transaction speed, and single-entity control that exist in older blockchain networks. The project is community-run with no company or chief executive behind it and was never funded through an initial coin offering or meaningful pre-mine.

DigiByte uses five simultaneous cryptographic mining algorithms alongside real-time difficulty adjustment to spread hash power across different hardware types and reduce the risk of any one miner dominating the network, a structure the project describes as its multi-algorithm consensus approach. One of those algorithms, Odocrypt, modifies itself every ten days specifically to resist application-specific integrated circuit mining. DGB is the native token used to pay transaction fees on the network and is distributed to miners as a block reward, with the circulating supply of roughly 18.45 billion tokens sitting against a hard cap of 21 billion.

The data stored for DigiByte does not include a protocol fee stream or revenue figures, so fee-based measures common on this site cannot be calculated for this asset. Transaction fees on the network are paid by senders and collected by the miners who confirm blocks; there is no protocol treasury or fee-sharing mechanism reflected in the stored metrics. What the data does show is that approximately 87.85 percent of the maximum supply is already in circulation at this point in time, and the fully diluted valuation equals the current market cap because the remaining supply overhang is effectively negligible at a dilution figure of 0.000001 percent.