I. Project Introduction
DigiByte is a global decentralized payment network and digital currency inspired by Bitcoin. DigiByte enables fast transactions with little or no fees. No login, registration or hidden fees are required, users receive DigiBytes or send DigiBytes from any DigiByte address in the world in seconds. DigiByte uses P2P technology and has no central authority; the network collectively manages transactions and issues DigiBytes. DigiByte is also open source, its design is public participation, no one can own or control DigiByte, everyone can participate.
Second, DigiByte Project Features
1. Security: DigiByte uses five highly advanced encryption algorithms.
2. Speed: DigiByte transaction notification occurs within 1-3 seconds, every 30 seconds, and a transaction is completed every 3 minutes. Future planned upgrades will make these times faster.
3. Fees: Most DigiByte to DigiByte transactions are free, or offer very small network mining fees to incentivize people to mine.
4. Worldwide: DigiBytes has been stored, traded and traded in 89 countries.
5. Decentralization: No need for middlemen or third parties or central servers.
6. Re-spend: Send your received DigiBytes to others in just three minutes.
7. Limited Production: Every new block (or transaction grouping in a spreadsheet, like format) is discovered over the network, new DigiBytes are added to the network every thirty seconds.
8. Scarcity: 2.1 billion DigiBytes will be created in 21 years.
9, 1% monthly new minting reduction: New DigiByte production decreases by 1% monthly.
10. Mining: DigiByte Mining uses five independent, highly secure mining algorithms for decentralization.
