SafeTrade Welcomes DigiByte
Launched in January 2014 by Jared Tate, DigiByte is an established cryptocurrency that was initially based on Bitcoin. The coin is secure and allows fast transactions with low fees.
The Versatile Cryptocurrency
DigiByte boasts 15 second blocks and has a total max supply of 21 billion. The blockchain allows cross chain transactions through Segregated Witness (SegWit) and it is one of the most secure block chains around because it is mined using five different algorithms.
At the moment, DigiByte offers 560 transactions per second. In contrast, PayPal has 130 TPS, Western Union has 30, and Bitcoin has 4 to 7. By 2020 they hope to match Visa’s 2,000 transactions per second limit.
DigiByte allows CPU miners, GPU miners, and ASIC miners, to mine their coin. There are few cryptocurrency projects that support all types of miners.
The mining algorithms are Sha256, Scrypt, Groestl, Skein and Qubit. Each algorithm gets 20% of the block reward.
With low fees, fast trasactions, and listings on multiple cryptocurrency exchanges, it is easy to see what DigiByte has been a top 100 coin for so long.
We are proud to welcome DigiByte to the SafeCoin and SafeTrade family.