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What is Crypto?
Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old ways of government control and interference. Cryptocurrencies can be sent directly between two parties via the use of private and public keys. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions.
What is Digibyte (DGB)?
DigiByte (DGB) is a peer-to-peer cryptocurrency and blockchain platform. DGB tokens are used as the medium of exchange for decentralized applications (dApps) and smart contracts built on the DigiByte blockchain. The DigiByte blockchain is designed to be scalable, with capacity to process a high number of transactions per second. DigiByte is among the older cryptocurrency alternatives to Bitcoin, and is originally based on the Bitcoin blockchain. While DigiByte has remained in relative obscurity as compared to other cryptocurrencies, the blockchain platform's scalability may create opportunities for DigiByte to be used in a broad range of applications.