Saga is a Layer 1 blockchain protocol that allows developers to design their own dedicated chains for running applications. Learn more in this article.

 universe right now is the lack of accessible tools for developers. Many people interested in designing new 

 projects struggle to find the right software developer kits (SDKs) for their projects. The Saga ecosystem aims to fix this issue by providing unparalleled support to app and game developers. 

Can the Saga ecosystem really become the premier chain for web3 development? Keep reading to learn how it works and see whether it's likely to attract new developers.

 blockchain protocol. It allows developers to design their own dedicated chains for running applications. People who work on Saga all share the same security, scaling solutions and SDKs, but they each get their own unique chain that they can customize to suit their needs.

 of technology, crypto and finance enthusiasts. CEO Rebecca Liao is a co-founder of the Skuchain project, the designer of the 

 and a former international corporate attorney. Other members of the founding team include former Tendermint executive Jin Kwon, Blocktech Ventures founder Bogdan Alexandrescu and 

. They realized that there was a major need for a development-focused blockchain specifically designed for game project development. Saga's mission has attracted many major investors, 

Saga aims to create a new system for web3 project developers. Currently, most developers have to choose between the ease of working on an established chain like 

 versus the convenience and customization of designing their own chain. The Saga team realized that the most effective option for game developers would actually be a combination of the two types of development environments.

Saga wants to let developers set up their own sovereign blockchain so they can decide how things like 

 and transaction fees work. However, Saga also aims to provide extensive support for developers in its ecosystem. Its underlying framework ensures that people still have excellent security and a reliable validator set, no matter what their gaming project is.

 ecosystem, whose interchain web development standard is a set of protocols that allows a broad variety of blockchains to communicate with each other. The Saga network uses the 

 and the shared security system of the Cosmos ecosystem to manage the network, and has created its own Layer 1 chain that runs the entire Saga ecosystem and can do things like automatically launching 

The Saga Mainnet handles each developer's compiled smart contract binary. However, it also runs parallel dedicated chains that function as virtual machine (VM) modules capable of handling a specific set of smart contracts. End users for blockchain games and other apps interact only with the dedicated blockchain, while the developer's system manages the fees and individual transactions on the Saga Mainnet.

All of the chains on Saga are validated through optimistic coordination, which requires every Saga validator to validate each chain in the Saga ecosystem via 

 validation, verifying transactions by temporarily locking Saga tokens.

The Saga network contains a lot more than just the basic features offered through the Cosmos SDK and ecosystem. In addition to the software development tools and helpful interface for Saga's validators and developers, the ecosystem also contains the following features.

The overall layout of the Saga ecosystem starts with the Saga Mainnet. Built on the Cosmos hub, this framework includes a full validator set and a dedicated blockchain for handling all smart contracts. The basic protocols are passed on to each child chain in the system, and information is relayed back and forth between the main chain and all of the secondary chains. Saga's validators stake tokens, and then check to make sure every element of the topology follows Saga’s regulations.

 are a method for creating a dedicated blockspace that a developer can manage. These chainlets function as virtual machines that can handle smart contracts and automatically launch Celestia rollups. Each chainlet is its own blockchain that handles nothing but a specific gaming project. Developers decide on the gas fees they'll charge users, and can add chainlets as their projects expand and require more throughput from the remaining validators.

Saga's shared security relies on both the Cosmos hub and its own set of validators to secure the network. Validators on Saga’s network are monitored by auditors who can catch potential issues with individual dedicated chains. If anyone in the validator set fails to properly confirm a smart contract, their staked tokens are automatically confiscated.

 is a publishing system for gaming developers who want to create their own blockchains with help from Saga. It offers infinite scalability, seamless 

 and transactions without gas fees. In addition to use of the Cosmos SDK, developers who choose to publish their game through Saga Origins receive access to a variety of helpful marketing and distribution tools.

 is an interconnected blend of all the developers and projects in the Saga system. Though each sovereign blockchain is fully independent of others, they all join together to offer users a variety of exciting web3 projects. People interested in checking out the latest blockchain designs can join the Multiverse and browse all the neat concepts built on Saga.

To help get the Saga validator system started, Saga released 

 to its community members. People were eligible for the 

 if they had participated in the staking program or played in tournaments to promote Saga ecosystem games. The airdrop eligibility period required remaining validators and other participants to be active between January and October of 2023. Once the airdrop began allowing people to claim tokens, it continued to run until Mar 27, 2024.

 consists of four separate phases. The company has already completed the Andromeda and Cassiopeia phases, which focused on designing the Mainnet and setting up the system of Saga validators. Currently, the Saga team is in the Pegasus phase, which is about releasing tokens and opening the Saga Mainnet to the public. Sometime in late 2022, Saga’s team hopes to reach their Mainnet V2 phase, which will prioritize a new version of the Saga Mainnet with more features and options for dedicated blockspace.

SAGA tokens are the primary method for paying fees on the Saga network. These tokens are also used for staking, and function as a method of confirming Saga transactions. There are a total of 

, of which around 90 million have thus far been released. Saga plans to distribute its tokens as follows:

SAGA is still in the early stages of its token launch. However, it’s already surprised investors, having debuted at $4.91 on Apr 9, 2024 before quickly surging to its ATH to date of $7.60. It then steadily declined over the next few days to its current price of $3.06 as of Apr 19, 2024.

 SAGA, with its experts believing SAGA’s price will reach $15.73 by 2025 and decrease in 2027 to $6.27, before rising again to $13.45 by 2030. This bullish sentiment is amplified by analysts at Changelly, 

 SAGA’s price will increase to $6.91 in 2025, $14.21 in 2027 and $44.36 in 2030.

Looking to trade Saga tokens? Bybit now offers SAGAUSDT Perpetual contracts. To get started, you’ll first need to 

, then fund it with cryptocurrency and navigate to the 

SAGA has done an extremely impressive job of attracting users, and seems poised to become the big coin debut of April 2024 with its high price.

However, it's hard to say whether SAGA can maintain its price in the long run. It's quite common for new startups to have a strong start and then drop in price once their project fails to take off. If the Saga ecosystem can’t attract new developers and continue to release impressive projects, investors could see some major SAGA losses in the future.

Since this coin is so volatile right now, investors need to 

. It has the potential for both big profits and big losses, so you’ll want to carefully consider how these price shifts might affect your portfolio. For best results, avoid investing more than you can afford to lose, make sure you diversify your investments — and 

By offering developers the chance to create their own dedicated chains, Saga offers a more convenient and scalable system for blockchain gaming. Its helpful features and low transaction fees have already attracted many people, and it's no surprise that many others are interested in the project. Furthermore, SAGA tokens have had a promising start with extremely impressive growth. If the Saga company can successfully capitalize on its early buzz, it has a bright future.

Intermediate

saga_crypto_saga_coin.png

Saga (SAGA): Catalyzing the Multiverse With Scalable Chains

Discover Masa, a platform empowering individuals to control and monetize their data, decentralizing AI storage and promoting ethical data sharing.

Few areas of the crypto industry are as popular these days as artificial intelligence (AI). AI-related tokens and projects experience some of the highest growth rates, with particular interest attached to generative AI technology and large language models (LLMs), all thanks to OpenAI's massively popular ChatGPT tool. This is no surprise, as blockchain technology has the potential to address many of the limitations of LLM algorithms, particularly those related to the issues of data and centralization of AI models.

The Masa network (MASA) is a new AI-focused crypto platform that brings a fresh paradigm to the world by allowing individuals to control and monetize their personal data. Its platform also contributes to the AI revolution by decentralizing the storage of both the user data and the LLMs utilizing it.

 (MASA) is a blockchain platform that provides access to user-consented, hyper-specific behavioral and personal data and decentralized LLM algorithms. 

The platform launched its operations on Apr 11, 2024. Masa operates as a subnet on the 

 (AVAX) blockchain. To enable cross-chain functionality, it has also integrated 

 technology. This lets Masa bridge assets, initially to two key blockchains, 

 (BSC), with additional chains to be added in the future.

Masa provides user-consented AI data that’s stored in a decentralized way. As of mid-April 2024, more than 40 million data points from over 1.4 million 

 user wallets are available via its permissionless data layer. Masa represents an entirely new decentralized AI paradigm: while most data providers use centralized storage solutions, its platform's data is always stored in a decentralized, blockchain-based format.

The data made available via Masa’s platform is user-consented for collection and privacy-protected using its Zero-Knowledge 

 (zkSBT) technology, which allows users to share their personal data securely and confidentially by storing this encrypted data on the blockchain. Thanks to the zkSBT, users can share fairly detailed personal data while protecting their identities and the specifics of their online activities.

This user-consented data is directly sourced from users through the Masa App and Masa Chrome browser extension with their consent. Users have complete control over their data, which is collected in a highly detailed, verified and ethical manner. 

As such, it's different from the typical user-aggregated data collected from the internet by companies. Compared to user-consented data, user-aggregated data tends to be less granular and, obviously, has ethical strings attached to it: in most cases, users don't consent to the collection of such data, or (at best) provide reluctant consent by clicking on annoying "Accept All Cookies" buttons.

While focusing mostly on user-consented data, the Masa platform also offers developers a way to access user-aggregated data for a richer data network. Using Masa's web data scraper, developers can extract data from websites, social media posts, blogs and online databases.

User-aggregated data is collected by data node workers via the Masa Oracle network and Masa Chrome extension and stored on the platform, benefiting from the 

In addition to datasets, Masa enables the decentralized execution of LLM algorithms, facilitated by the Oracle node workers, who leverage their surplus CPU and GPU computing power to run open-source LLMs for fine-tuning AI models.

The Masa project aspires to achieve goals crucial to the development of all data and AI industries. First, Masa allows individuals to completely control their own personal data by choosing what to share with the outside world while protecting their confidentiality. The blockchain-based storage mode also ensures the security of the stored data. Additionally, users can monetize access to their personal data, becoming a major beneficiary of its use.

All of these benefits are in stark contrast to the traditional way user data is collected, stored and used on Web 2.0 platforms. In this traditional mode, one is often unaware of what personal data is collected about them, as well as when and by whom. Although the data used for analytics purposes might be in an aggregated form, together with the details of other online users, individual users are still part of the "guinea pig" cohort whose details have been unceremoniously extracted and utilized without their knowledge or consent.

Moreover, when hit online with some fairly relevant advertising based on past search phrases, one begins to realize that data isn't always used in an aggregated format. In fact, its utilization can be quite personalized. And of course, in the traditional mode of data collection, we’re all rarely reimbursed for the data we share.

Another aim of the Masa project is to provide a secure and efficient decentralized infrastructure for running LLM algorithms. Traditional, centralized hosting solutions for AI models face challenges, such as technical capacity and security issues. For instance, many centrally hosted LLM-based solutions suffer from performance degradation when large numbers of users access them simultaneously. Masa's approach to leveraging decentralized resources for running open-source LLMs efficiently addresses these capacity limitations, providing enhanced scalability and reliability for AI applications.

Masa operates as a subnet on the Avalanche blockchain, using cross-chain communications supported by LayerZero to access other networks as well. Avalanche subnets are completely independent 

 networks with their own set of rules and functionalities. Subnets, including Masa, use Avalanche's validators, or a subset of validators, to secure the network and achieve consensus.

Besides the validators, the Masa network has another type of functional nodes — 

. These special Masa nodes play a critical role in providing structured data and advanced AI models while prioritizing data privacy.

The Masa Oracle network acts as a decentralized web scraper, gathering data from the internet and organizing it for AI training and development. This approach gives developers access to hyper-personalized training data to improve language model performance. It also supports the decentralization of LLMs, making them easily accessible without complex setup.

As mentioned above, users can manage access to and monetization of their personal data via Zero-Knowledge Soulbound Tokens (zkSBTs), which provide a secure way of providing access to users’ personal data without compromising their privacy.

 is the main gateway for users to interact with the Masa platform. It lets them provide access to personal data and earn crypto rewards by staking data in four different ways:

Masa’s native cryptocurrency, MASA, is a utility and 

 used to reward users for providing their data to the network. 

 MASA also earns you crypto rewards. Entities who wish to utilize data held by the network pay for access to it in MASA tokens. The token is also used to reward the Oracle nodes.

As a governance token, MASA lets you participate in votes on any changes and upgrades to the platform's rules or fee structure.

The token's supply economics doesn't specify a maximum cap. MASA's total supply is 1,588,866,523, which will be released gradually over a period of around four years starting in April 2024. Token supply allocation shares are per the table below.

The MASA token is available on Bybit via a 

. Bybit's Spot and Derivatives markets provide you with opportunities to trade hundreds of cryptocurrencies and crypto-based products. If you don’t have a Bybit account, you can easily 

 to access Bybit's range of crypto products and assets.

The Masa network is a refreshing addition to the data industry, whose user consent and privacy have been under attack for many years. The Masa platform puts data ownership in users' hands, allowing them to control access to their data and benefit from its monetization. As online privacy concerns and invasive Web 2.0 advertising shenanigans grow, more users will be attracted to Masa's unique data concept.

In addition to allowing individuals to control and monetize their data, Masa also contributes significantly to the development of 

, which is important because the decentralized mode of data and model storage championed by the platform has the potential to solve many technical limitations of LLMs and other types of AI algorithms. This is a network full of merit and promise; all it needs now is wider recognition and user adoption.

Advanced

Masa_Network.png

Masa (MASA): Powering AI With User-Centric Data Monetization

Today’s outperformer is LSK, which jumped 17.63% after Lisk partners with Velodrome to enhance blockchain access and drive ecosystem growth.

The SPX index is down 0.22% as the market anticipates less Federal Reserve rate cuts, considering the possibility of no cuts this year. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 4.18% and 3.19%, respectively in the past 24 hours.

Lisk (LSK), launched on May 2016, is a cryptocurrency platform that enables developers to build decentralized applications (dapps) using JavaScript and TypeScript. It supports custom "sidechains" within its network, offering tools like a software development kit. Lisk has announced a partnership with Velodrome to support and expand its blockchain ecosystem. Lisk will purchase and lock $VELO tokens for voting, directing VELO emissions to key pairs on Lisk. This collaboration aims to support existing protocols on Lisk, attract new developers, and enhance blockchain accessibility and adoption in emerging markets. Velodrome will back Lisk's Layer 2 initiatives, aligning with the goal of creating a scalable, interoperable Ethereum future.

Check Out the Latest Prices, Charts, and Data of 

The Runes protocol is set to debut alongside Bitcoin's 2024 halving, heralding a new phase in Bitcoin's evolution by enabling the creation of fungible tokens directly on its network. This follows the impactful Ordinals protocol, which significantly expanded Bitcoin's functionalities. The Runes protocol will spark competition among developers to issue and acquire the first tokens, with global exchanges ready to support these tokens from day one. The halving event will also feature a race to mine a highly valuable "Epic" satoshi. As Bitcoin approaches this transformative era, extensive preparations and educational initiatives are underway to equip users for the forthcoming changes, marking a profound shift in Bitcoin's operational and cultural landscape.

Spot Bitcoin ETFs have yet another day of outflow, however, yesterday’s outflow was close to neutral. The market has seen fluctuating flows in these ETFs, with significant activity in some and none in others, reflecting mixed investor reactions. Recent substantial outflows echo trends from March, but analysts regard such fluctuations as typical for ETFs and not indicative of failure. Despite this volatility, the outlook for Bitcoin ETFs remains positive as they continue to draw institutional interest and shape market dynamics.

Avail, a blockchain data-availability protocol developed using Polygon’s SDK, has announced an airdrop of 600 million AVAIL tokens, marking its one-year anniversary since spinning off from Polygon Labs. The "Unification Drop" aims to bring together various blockchain communities by rewarding developers, governance contributors, educators, rollup users, stakers, and others who have significantly contributed to the ecosystem. Avail's infrastructure includes three segments: Nexus for cross-chain transactions, Fusion for liquid staking on chains like Ethereum and Bitcoin, and DA for scaling rollups through technologies like KZG commitments. The airdrop will distribute tokens to 354,605 wallet addresses and includes significant allocations for various roles across multiple blockchains, including Ethereum, Bitcoin, Solana, Cosmos, and more, emphasizing a unified Web3 environment.

Daily_Bits_Title_Subtitle_&_Eyebrow_1600x900_(59).png

Runes Protocol Revolutionizes Bitcoin with New Token Capabilities Ahead of 2024 Halving

Nolus is a decentralized finance lending protocol with cross-chain capabilities. Learn more about how it works in this article.

One of the big advantages of decentralized finance (

) is that it provides more options for users. People who cannot get traditional loans because a typical bank deems them "high-risk" can turn to the DeFi sector to borrow crypto assets. The Nolus Protocol is a new DeFi lender that offers users all sorts of exciting opportunities. To see how this intriguing project works, explore this guide to learn all about Nolus.

 is a DeFi lending protocol. It has cross-chain capabilities that let people choose the most favorable rates possible and avoid the need to save up funds for liquidity.

Nolus was founded by Ivan Kostov and Kamen Trendafilov. Kostov worked in traditional finance, while Trendafilov has a background in marketing and business. During their time in these sectors, Nolus's founders realized that blockchain networks had the potential to revolutionize banking. They decided to join together and create a new leasing system that makes the most of DeFi products instead of just trying to mimic past banking methods.

Nolus started work on its plans in 2022 and officially launched its mainnet in 2023, having successfully completed several investing rounds and receiving 

 Token Metrics, Autonomy Capital, Everstake and more.

Nolus aims to tackle three problems common in crypto lending markets:

 software developer kit (SDK). Its code is entirely open sourced, and is updated and changed only when all stakeholders in the Nolus community vote to do so. According to the Nolus white paper, its ecosystem’s goal is “to build a novel user experience–driven automated money market” that facilitates direct interactions between lenders and borrowers without involving any other users.

The Nolus lending method starts with lenders choosing to supply 

 to the system. Any borrower who submits a down payment can get a loan from this supply of stablecoins. Both the coins and the down payment are 

, and interest is determined based on the value of the items. There’s no fixed repayment schedule, but the smart contracts ensure that interest is automatically removed from the collateral, and then paid to the lender at regular intervals. Once the user decides to repay the lease, the original assets are released from the smart contract.

Nolus's lending protocol includes many ways for customers to profit and enjoy convenient services. Here are the main DeFi products you can access through Nolus.

DeFi leasing on Nolus is designed to be as convenient as possible. Customers don’t have to go through a lengthy application or pay a lot of fees to other users. You just enter your collateral and get a loan of up to three times the value of the initial investment. Interest rates vary between 11% and 18%, based on the market value of the digital assets. The 

 allow the loan to be repaid on your own schedule. However, keep in mind that you pay more interest if you wait a longer amount of time to repay the loan.

If you want to earn money based on your existing crypto, you can join one of the many 

 on Nolus by submitting stablecoins in exchange for interest-bearing Nolus crypto. When you're ready to withdraw your funds and stop participating in DeFi leasing, you can cash out your Nolus tokens to receive your initial asset, plus any additional interest or network fees you’ve earned.

Nolus's system of money markets isn't the only thing they provide. Users who decide to 

 a crypto asset on Nolus can earn more money. The Nolus ecosystem offers the option of staking NLS tokens in exchange for various incentives. Lenders receive higher amounts of rewards for lending stablecoins, and borrowers get a lower interest rate.

Nolus has had some impressive growth since its launch in 2023. In just six months, the lending protocol has assisted with thousands of loans, collectively worth $8.6 million in total. Its team calculates that they've managed to achieve an average 

Nolus hopes to expand on this momentum in 2024. Its main plan is to continue marketing the lending protocol heavily, attracting more users who want to do their own research and find the best possible loans. To further attract users from the DeFi sector, Nolus aims to add more support for other crypto tokens and increase network liquidity. Nolus stands for community-led governance, so they don't have a long-term road map in place. Instead, they plan to evolve and adjust to suit whatever community needs arise in the future.

. It allows users to adjust their interest rates, and it's also a 

. People with NLS tokens can vote on how the platform is run and help implement new changes for the platform. The NLS token has a total supply of 1 billion. Nolus’s plan is to gradually mint tokens over a ten-year period, and implement a token buyback program to help maintain value. NLS token distribution will be as follows:

When the NLS token was released in the summer of 2023, Nolus prices were fairly stable. However, now that investors can sell their NLS tokens, prices have become more volatile. Starting in December 2023, NLS prices 

, and although the token currently seems to be dropping from its all-time high of $0.10, more price increases seem likely in the future.

Not only is the market for the NLS token quite bullish right now, but the Nolus lending protocol is also attracting a lot of positive attention in the crypto space. If the network can maintain its positive attention and attract more users, prices seem likely to rise even further. CoinCodex predicts Nolus prices will stay in the $0.04 to $0.19 range for 2025, and hit 

. This attitude is backed up by crypto influencers such as Crypto Revolution, 

 an underrated crypto with a lot of potential for growth.

The Nolus project is a well-thought-out crypto protocol that offers users significant advantages. Its innovative approach to lending could potentially attract a lot of users from the DeFi space. In addition to having a reliable system backed with effective technology and a detailed white paper, NLS digital assets have also experienced some promising growth patterns. The crypto asset has had a slow yet steady climb in price, and now that it's trending in crypto news, it seems poised to take off.

However, keep in mind that it's still important to 

 on digital assets. Some crypto investors might find it concerning that the Nolus project is mostly backed by marketers, instead of blockchain enthusiasts. There have also been some tech issues, such as the 

 that led to some unnecessary margin calls. Subsequent issues could limit price appreciation of its crypto assets. Therefore, it's necessary to approach Nolus with caution and not overextend your finances.

Nolus's DeFi lease system allows people to obtain easy access to crypto. Its innovative approach provides investors with significant advantages. Unlike traditional finance, there's no lengthy application process, and in contrast to many other blockchain networks Nolus doesn't have frequent margin calls or high network fees. As long as Nolus doesn't run into any technological issues or financial problems, its network is likely to have a lot of success in the DeFi space.

nolus_protocol_nolus.png

Nolus (NLS): Crafting Liquidity's Future With Leading DeFi Leases

Bybit Learn

Blockchain

DigiByte is a scalable blockchain platform that utilizes a P2P cryptocurrency, DGB, for decentralized application exchanges. Find out more about it here.

 scalability and cybersecurity. The decentralized 

 network is known for being significantly faster than those of Bitcoin and 

, making it a popular option for users wanting to exchange 

 (DApps) and other digital assets. Transactions on the blockchain are completed using the network’s currency, DGB, which has a maximum supply of 21 billion tokens and a circulating supply of 15.65 billion tokens.

Because DigiByte is an open-source network with a strong community of developers, it’s always improving. Use this guide to learn more about this blockchain network and its unique features.

The DigiByte network was founded in 2013 by 

, a programmer who has been involved with Bitcoin since 2012. The goal was to expand Bitcoin’s blockchain technology and create a secure, decentralized network that could quickly reach a larger community. While the open-source blockchain network does have some similarities to Bitcoin, there are several key differences.

The network was released to the public on January 10, 2014. A small portion of the blockchain network’s native cryptocurrency, DGB, was pre-mined and given upon release to those who supported its development.

Since its initial release, DigiByte has incorporated several improvements. In 2014, features such as 

 was introduced in December 2015. In April 2017, DigiByte became the second major blockchain to utilize 

 to improve scalability. Then, in July 2019, the network introduced a unique 

DigiByte’s speed has also greatly increased since the blockchain’s launch in 2014. At that time, the blockchain used a single algorithm, with a difficulty retargeting frequency of two hours. After several upgrades and the introduction of multiple algorithms, speed and security both improved. For example, block mining speed in 2014 was about one minute, whereas in 2022 it’s around 15 seconds.

Because DigiByte is a scalable blockchain known for its fast speed, users worldwide can complete irreversible, permissionless transactions using DGB coins faster than they would be able to with Bitcoin or Litecoin.

DigiByte’s decentralized blockchain uses a 

 (PoW) consensus mechanism to secure and validate transactions. While DigiByte block rewards can still be issued to miners, DGB has a finite supply of 21 billion. The PoW consensus mechanism is very similar to Bitcoin’s; however, there are no halving events that reduce miner rewards. Instead, block rewards will be reduced monthly by 1% until all 21 billion DGB coins are minted.

The DigiByte blockchain consists of three layers: An application layer, a consensus layer and a network layer. While other blockchains may have multiple layers, the layers on this decentralized network function a little differently.

The application layer is the user-facing portion of the blockchain network, used to exchange DGB coins and access DApps. Smart contracts and other DigiAssets are also exchanged on this layer.

The consensus layer records and manages DigiByte transactions. It’s also the layer that releases new cryptocurrency to DigiByte miners. It serves as an efficient, electronic public ledger.

The network layer manages all operating procedures for devices running the blockchain's software. Its global network of nodes also validates transactions.

DigiAssets are customizable crypto assets that exist on the DigiByte blockchain. They can represent anything, from notarized documents and smart contracts to NFTs and even traditional financial assets. DigiAssets can be created using a wide range of digital tools, making the underlying technology accessible to the general public.

Digital assets on the middle layer of the blockchain are distinct from DigiAssets, which are on the top layer. The middle layer focuses on recording transactions and providing security to the blockchain. Its goal is to ensure that the tokens on the blockchain hold value, and the data being exchanged is genuine. A public ledger records each transaction on the network.

Because security is incredibly important to the DigiByte ecosystem, it uses the same key encryption methods used to secure nuclear launch codes. To reduce counterfeiting, hacking, duplication and other security issues, five different proof-of-work mining algorithms are used by the network: SHA-256, Scrypt, Odocrypt, Skein and Qubit.

SHA-256, which is also used by the Bitcoin blockchain, generates a unique 32-byte hash that can serve as a digital signature and validation.

Scrypt, which is also used by several altcoins (including Dogecoin and Litecoin), is a mining algorithm that actively mitigates mining centralization.

Odocrypt was designed with the DigiByte blockchain in mind. It automatically modifies itself every ten days to prevent 

Skein helps to make mining more efficient, regardless of the type of hardware the miner is using. It’s known for being significantly faster than the SHA-256 mining algorithm.

Finally, Qubit is a hashing algorithm that’s quick, efficient and secure. While it was initially only compatible with CPU hardware, the algorithm is now compatible with GPU and 

Operating procedures are completed on the bottom layer of the blockchain. According to 

, thousands of people around the world are using DigiByte software at any given time. This bottom layer enables communication between nodes on the network.

There are several features that set DigiByte apart from the Bitcoin network and other blockchain networks. In addition to allowing users to exchange DApps and tokens, the blockchain has implemented some features over the years aimed at boosting speed and preventing centralized control. Here are some examples of the blockchain’s notable features.

DigiByte uses the PoW consensus algorithm to make decisions on the network. The blockchain’s developers chose this algorithm to achieve a decentralized consensus quickly. The goal is to keep the decision-making process on the network to reduce manipulation and tampering. Pure consensus is a group decision-making process that enables users to complete transactions and obtain block rewards for mining. All five of the blockchain mining algorithms work together to verify each transaction.

Proper scaling is the key to future growth. To support additional transaction volume, the blockchain needs to be able to complete transactions quickly and easily incorporate them into the blockchain. The blockchain’s current goal is to double the block size every two years. On-chain scalability also facilitates increased block speed to correspond with network capacity. In addition, the introduction of the Segregated Witness, or SegWit, protocol in April 2017 has optimized on-chain scalability.

DigiAssets can be issued, sent and received on the DigiByte blockchain. Each DigiAsset represents a real-world asset, such as a contract, DApp, in-game currency, digital art or music, or event ticket. DigiAssets can also be smart contracts, which are programs stored on a blockchain that automatically run once all the required conditions of the contract are met.

Almost anything can be made into a DigiAsset. You don’t have to be a developer to create, issue or trade these assets on the top layer of the blockchain’s network. There are various tools available to help you create smart contracts, NFTs and other unique assets.

Authentication and security are both critical to DigiByte. To this end, Digi-ID is a simple application designed to securely replace usernames and passwords. As a decentralized network, DigiByte doesn’t store personal information. Digi-ID allows users to maintain a strong level of security while remaining completely anonymous.

All transactions are verified on the network using a complex PoW system. As mentioned previously, to greatly improve the overall security of the blockchain, five cryptographic algorithms are used during the mining process: SHA-256, Scrypt, Odocrypt, Skein and Qubit.

Multi-algorithm mining, also referred to as MultiAlgo, strengthens security by combating against mining centralization. Centralized mining can significantly reduce the overall value of a token as pools grow and take control of a network’s hashing power. Multi-algorithm mining helps to redistribute some of the power used to mine new block rewards, which in turn keeps rewards consistent.

Another benefit to multi-algorithm mining is that it can be completed using a wide range of hardware. This makes the process simple for both new and experienced miners, regardless of their setup size.

DigiShield adjusts the mining difficulty to help protect against overinflation. In early 2014, mining pools tended to switch between cryptocurrencies rapidly to increase profitability as block rewards changed. The problem is that this created fluctuations in mining hash power, and rapidly sped up block production, followed by major stalling and increased mining difficulty. DigiShield is a mechanism that permits real-time adjustments of block difficulty, helping to guard against extreme fluctuations.

Since its successful implementation on DigiByte, DigiShield has been incorporated into several other blockchains, including Ethereum, Dogecoin, Bitcoin Cash and others.

Introduced in December 2015, the MultiShield network upgrade activated DigiShield across all five algorithms. MultiShield essentially increases the mining difficulty every time a new block is found using an algorithm. The mining difficulty on the other four algorithms is then decreased, allowing for more consistency. MultiShield also helps to protect against any malicious hash rate indirection that would affect the production of blocks.

DigiByte doesn’t currently use a staking algorithm, but developers are working on a way to incorporate both the current PoW consensus and a 

 (PoS) model. This would replace one of the five current mining algorithms, and reward token holders for owning DGB. The PoS model being investigated would also reduce potential for double-spend attacks on the PoW algorithms.

In 2019, DigiByte introduced a new upgrade aimed at further enhancing privacy. Dandelion++ helps to obscure IP addresses, preventing people from identifying the physical location of users sending transactions. DigiByte was the first major 

 blockchain to implement this privacy-enhancing protocol.

Prior to 2018, DigiByte could only be accessed on computers. After developing and launching Android and iOS applications, DigiByte was able to grow the blockchain’s global user base and the overall versatility of the network. Its applications are available in over 50 languages, enabling users to trade DGB all over the world.

DigiByte may have been built to be like Bitcoin at first, but there are several differences that set it apart. It was designed to be more scalable and secure than the Bitcoin blockchain, significantly improving the basic technology. Over the years, DigiByte has incorporated several useful features that the Bitcoin blockchain lacks. This doesn’t just set it apart from the Bitcoin blockchain; it sets it apart from other decentralized blockchain networks and altcoins.

There are several similarities between DigiByte and Bitcoin. Both blockchains utilize a PoW consensus mechanism. DigiByte takes PoW a few steps further, adding multiple algorithms to improve decentralization, security, efficiency and scalability.

Both Bitcoin and DigiByte have a maximum supply, although DGB has a maximum supply of 21 billion tokens, while Bitcoin has 21 million. To produce new tokens, both networks rely on miners using a proof of work consensus. Both blockchain networks also have definitive plans to gradually reduce the number of rewards for miners. Bitcoin blockchain rewards are halved approximately every four years, while DGB rewards are decreased by 1% each month.

In addition to similarities in processing transactions and mining tokens, DigiByte and Bitcoin are also both open-source blockchains. This means that anyone can access and help develop the code. Because of this ability to participate in the development process, both blockchains have a strong sense of community and are constantly encouraging innovation.

DigiByte was built to improve Bitcoin’s blockchain technology, so there are several notable differences between the two. One of the biggest differences is the transaction speed. DigiByte processes transactions about 40 times faster than Bitcoin, and can create a new block every 15 seconds.

Transaction fees are also significantly lower than Bitcoin’s. Bitcoin’s fees in 2022 are about $1 per transaction, while DigiByte’s are around $0.01. This makes DigiByte a more cost-efficient choice for daily use, although fees may differ if you’re buying and selling tokens on an exchange.

DigiByte also possesses features to combat mining centralization that Bitcoin’s blockchain doesn’t. Five complex mining algorithms redistribute the mining difficulty in real time, protecting the blockchain from sudden changes. While both blockchains utilize SHA-256 as a PoW mechanism, as mentioned, DigiByte also incorporates Scrypt, Odocrypt, Skein and Qubit to promote secure mining.

DigiByte’s developers have always strived to create a more secure and decentralized network than Bitcoin’s. Because the network uses five PoW algorithms, can be mined significantly faster and offers several unique features, some users may prefer it to Bitcoin.

DigiByte’s open-source blockchain is supported by a dedicated community. All current developers work on a volunteer basis; therefore, it’s difficult to establish hard deadlines for projects and upgrades.

The DigiByte Pipeline details the blockchain’s current projects and goals. It contains a list of smaller and larger action items, developer experience items and third-party project integration items. The current document 

. Developers who would like to contribute to the blockchain can also open pull requests, ask questions and learn more about current projects.

Although DGB was first mined in 2014, a new token is created on the network during each mining process. Completing a mining transaction takes about 15 seconds, making it among the fastest altcoins on the crypto market. It’s estimated that the blockchain will reach its cap of 21 billion coins by 2035.

While DGB has several strengths over Bitcoin, it has a much lower value per token. In September 2022, a Bitcoin token is worth between $22,000 and $22,500. On the other hand, DGB tokens are valued at around $0.01.

DGB reached a historical high of $0.18 in May 2021. While its price has significantly decreased from its high, there are several predictions that it will rise as block rewards begin to decrease. Because there’s a maximum supply of 21 billion DGB coins, the price could continue to rise as fewer tokens become available.

There are several different price predictions. 

 could eventually reach $1. While the cryptocurrency market is volatile and tokens have made large jumps in price in the past, the odds of the token reaching $1 in the next few years seem slim. 

 the price of DGB may reach $0.016 in 2023, and go as high as $0.34 by 2031. 

There are several platforms where you can buy DGB. Bybit is a user-friendly platform that enables users to easily buy and sell DGB and other 

 and verified your Bybit account, all you need to do is open the app or website, head to the 

 Spot Trading page and enter the exact amount of DGB you would like to purchase. Remember, once you submit a transaction, you cannot reverse it, so double-check your input before clicking on 

If you’re hoping to invest in DGB long-term, transfer your tokens to a secure 

. Wallets store cryptocurrency off of the blockchain, helping to protect your assets. 

 on all spot pairs. This will only be available until Jan 3, 2023 only.

DigiByte (DGB): A Decentralized, Fast & Secure Layer 3 Blockchain

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards