DigiByte DGB White Paper

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Hello and welcome to this blog post about DigiByte DGB White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the DigiByte DGB white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the DigiByte (DGB).

I can ensue you that, you will be able to understand every bits and pieces related to DigiByte (DGB) after going through the DigiByte DGB white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

DigiByte DGB White Paper

DigiByte DGB white paper will be going to provide you, all the information that is needed to get started with DigiByte (DGB), including the inspiration for creating, the problem it is trying to solve and the solution proposed by DigiByte (DGB).

Introduction

” DigiByte is a truly decentralized UTXO blockchain that was fairly launched on January 10, 2014. DigiByte is also truly permissionless, since there is no central controlling authority.

Accordingly, this Community Infopaper is written without requiring authorization from any single individual. The DigiByte blockchain is an immutable ledger, a chain of blocks all with verifiable digital signatures since its creation in 2014 and backed by billions of dollars of cryptographic computation.

Its blockchain is also fully open-source, released under the MIT license, and completely verifiable by any individual or entity.

DigiByte embraces the Bitcoin core ethos of “Do not trust, verify”, in that no entity should ever need be “trusted” in order to send/receive DigiByte (DGB) or to store/retrieve data from the DigiByte blockchain.

DigiByte originally utilized the Litecoin code-base, with a completely independent blockchain and a unique Genesis Block.

It has undergone several non-contentious soft-forks and hard-forks, none of which culminated in a chain-split, but rather a complete consensus resulting in seamless upgrades of the entire DigiByte network. “

White Paper Link: DigiByte (DGB) White Paper

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