DigiByte is an open-source cryptocurrency which promises “more secure” and “faster transactions” compared to other cryptocurrencies. Established in 2014 by Jared Tate, the DigiByte genesis block included a headline from USA Today, “Target: Data stolen from up to 110M customers.” Consensus on the DigiByte blockchain is reached via a Proof of Work (PoW) mechanism which employs five separate algorithms. The five algorithm mechanism is one of the ways DigiByte improves security. These algorithms include two which are GPU-friendly (Groestl and Skein) and three which are ASIC-friendly (SHA256, Scrypt and Qubit) to allow a range of mining setups to mine for DGB. DigiByte is capable of 280 transactions per second (TPS).