Digibyte rises more than 13% after the update of Taproot activation approves

Digibyte's native token, DGB, has shot at 13%, reaching a weekly maximum. Commercial activity for Token has also increased after the protocol approved an update.

According to crypto.news, DGB (DGB) data has increased by 13.2% in the last 24 hours. On March 25, the Token has reached a new weekly maximum of $ 0.009392 after the news that the community approved the implementation of the bitcoin graphic activation (btc) in its operations.

At the time of publication, DGB is quoted at the hands of $ 0.925. Its market capitalization has increased together with its price increase, currently amounts to around $ 162 million.

DGB is a peer and blockchain cryptocurrency protocol that was launched in 2014. DGB tokens are generally used to facilitate the payment of the decentralized application and transactions of intelligent contracts in the block chain.

Tokens can be extracted through a work test consensus using computational power to solve complex mathematical problems, validate transactions and add them to the block chain. The mining mechanism and scalability of DGB have compared with previous cryptocurrencies such as bitcoin.

Both DGB and btc depend on a work proof mechanism to ensure their block chains. While Digibyte also follows a Pow model, uses five different mining algorithms, which are Sha – 256, Scrypt, Skein, Qitby and Odocrypt.

The approach to multiple DGB algorithms helps prevent centralization of mining power and makes the network accessible to a broader hardware range, from ASIC to GPU and CPU.

At the moment, DGB's Current Token Supply It is in 17.60 billion, which is around 83.8% of its total supply. Meanwhile, there are still approximately 3.40 billion DGB that can be extracted or around 16.2% of its total supply.

Why is Token de Digibyte?

The Token DGB has been increasing since the block chain has been considering an update of its system called Taproot activation process through soft bifurcation BIP-9. Until now, 95% of their blocks have <a target="_blank" rel="nofollow" href="https://x.com/DGBAT_Official/status/1904172648801751303″ target=”_blank”>indicated Support for the adoption of the Graproot activation model.

According to the site, Digibyte has already begun the Taproot activation process. However, it is not yet completely active.

Initially implemented in bitcoin in 2021, the update of Taproot is a collection of protocol updates that introduce new features that change the way in which blockchains transactions process. With the update of Taproot, transactions require less data and less work, since multiple firms can be combined for verification, instead of adding individually.

In addition, you can also improve the functionality of the smart contract in the block chain. In the case of bitcoin, this characteristic expanded in the types of transactions that could be processed through native intelligent contracts in the block chain.

Another key benefit presented by Taproot is the reduction of rates in the block chain. The update can optimize how the data is processed, therefore, reducing the resources that lead to lower costs for users. This is one of the reasons why the update is highly anticipated by the Digibyte community.