This evening we catch up with Digibyte Josiah Spackman (aka @dgb_chilling).
Josiah is a walking DGB library! And so it was a real joy doing the interview and going through all the technical DGB details, and finding the answers to those questions that I’ve been wanting to ask, like forever.
DigiByte is more than a faster digital currency. It is an innovative blockchain that can be used for digital assets, smart contracts, decentralized applications and secure authentication.
This is how the DigiByte blockchain works. The three layers are the most innovative parts of the DigiByte blockchain providing the network infrastructure, security and communications to function with cutting edge speed.
1) Applications / DigiAssets.
The top layer is like an app store with clear real-world uses. All types of digital assets can be created with the DigiAssets protocol on top of the DigiByte blockchain. Decentralized applications (dApps) can be built on top of the DigiByte blockchain. Also smart contracts that leverage the rigidity and security of the DigiByte blockchain can be encoded easily.
2) Digital asset / Public ledger.
The middle layer provides security and administration. A Digital Byte of data, a representation of larger data or a unit that holds value, and cannot be counterfeited, duplicated or hacked. An immutable public ledger where all transactions of DigiBytes are recorded. DigiByte uses five proof of work algorithms for security. New DigiBytes come from mining only.
3) Core protocol / Global network.
The bottom layer provides communication and operating procedures. A very low-level way nodes on the DigiByte global network communicate. Thousands of people are running DigiByte software all across the planet. Any server, computer, tablet or mobile phone connected to the DigiByte network becomes a node that helps relay transactions.
4) Open source / Permissionless.
Just like this website, the DigiByte blockchain is completely open source and free to use released under the MIT license, which gives you the power to run and modify the software. Transparency allows for independent verification of binaries and their corresponding source code.
This project has been rapidly growing open-source blockchain created in late 2013 and released in early 2014. After 7 years of forward-thinking development, DigiByte has become one of the safest, fastest, longest and most decentralized UTXO blockchain in existence.
This interview is hosted by BitcoinLive and Blockcast.cc.
