DigiByte (DGB) is a peer-to-peer cryptocurrency launched in 2014, designed to be a faster and more scalable alternative to Bitcoin. It was initially built on Litecoin's code, employing a multi-algorithm mining process and frequent block difficulty adjustments to enhance security and decentralization. Despite its transaction processing speed far exceeding Bitcoin's, concerns about network centralization and low participation persist, with data as of August 2024 showing that its network node count remains very small.