December 8, 2021 – Dedicated members of the DigiByte blockchain community announced today the formation of the DigiByte Alliance, a groundbreaking philanthropic approach to creating economic support for the decentralized blockchain. The mission of the DigiByte Alliance is to steward the acceleration and innovation of the DigiByte blockchain by focusing on raising funds for development, maintenance, and education. Charitable contributions to the foundation can be made in both cryptocurrency and fiat currency.
December 8, 2021 – Creation of the DigiByte Alliance is the result of efforts of several long standing DigiByte community members who wanted to create a platform through which individuals, institutions, corporations, and governments could come to better understand and interact with DigiByte blockchain technology. We understood that while the technology provided many superior features, in order to help grow its adoption and support its continued development, some type of formal structure was necessary to raise funds to implement and facilitate the goal of making DigiByte universally known as a utility to express and transfer value-a tool of value exchange to be used by the people, for the people world-wide.
DigiByte is one of the most decentralized UTXO open-source blockchains in existence. DigiByte never held an Initial Coin Offering (ICO) and was fairly launched on January 10, 2014 with just a 0.5% premine to pay for early development and to incentivize the community to utilize and fortify the network. It is permissionless without any centralized authority and its blockchain is completely open-source, released under the MIT license which gives you the power to run and modify the software. DigiByte is a Bitcoin derivative with a completely independent blockchain.
DigiByte focuses on speed, security, and scalability. Blocks occur every 15 seconds and due to SegWit implementation, can enable up to 1066 on-chain transactions per second with negligible fees. DigiByte uses 5 cryptographic consensus algorithms and real time difficulty adjustment to prevent malicious mining centralization and hash power fluctuation.
DigiByte has a maximum supply of 21 billion. Compared to 21 million Bitcoin, 21 billion DigiByte have been designed to be ready for mass adoption. The block rewards reduces by 1% every month instead of halving every 4 years. All 21 billion DigiByte will be mined by the year 2035. After 2035 the miners will then rely on transaction fees alone.
If you would like to help support the DigiByte network, we welcome you to our Gitter, GitHub,
Discord and Telegram groups. We also encourage you to follow the DigiByte Alliance on Twitter