DigiByte wallet

The best wallet for your DigiByte

Secure your DigiByte coins with the most trusted hardware wallet. Cold storage wallets are encrypted devices that store your DigiByte assets offline, providing a layer of security against the evolving threats emerging from being connected to the internet.
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How to use DigiByte with Ledger

What is DigiByte?

DigiByte (DGB) is a platform for creating assets and an open source blockchain. It was created in October 2013, and in January 2014, the first block of its DGB token was mined as a fork of Bitcoin (BTC).

DigiByte has been in existence for a long time as a public blockchain and cryptocurrency. To enhance security, it employs five different algorithms, and its original goal was to improve on the security, capacity, and transaction speed of the Bitcoin blockchain.

DigiByte is made up of three layers, which include a public ledger, a smart contract "App Store," and the core protocol, with nodes that communicate to transmit transactions.

What is a DigiByte wallet?

To store and manage DigiByte, you need a compatible cryptocurrency wallet. Whether you’re looking to keep your coins safe and HODL or manage them on a daily basis, Ledger has the right product for you.

Ledger hardware wallet

Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats.

Ledger Live App

Ledger Live App is a gateway to managing your assets, staking and earning passive income, checking your real-time balance, tracking transaction histories, and more.

How to get a DigiByte wallet?

01

Get a Ledger Nano

Select and purchase a Ledger crypto wallet of your choice. Beginner in the crypto world? Get started with Nano S Plus. Prefer a Bluetooth connection? Try with Nano X.

Get Ledger Nano

Compare Ledger crypto wallet

02

Download and install what could be the best crypto app: Ledger Live

Download and install Ledger Live in a couple of clicks. Ledger Live is a app for crypto for desktop & mobile that enables you to set up a Ledger device and manage your tokens.

Download Ledger Live

03

Add DigiByte to your portfolio

Install DigiByte on your Ledger Nano:

  1. Open Ledger Live and navigate to Manager.
  2. Connect and unlock your Ledger device.
  3. Search for DigiByte in the app catalog and click Install.

04

Create a DigiByte account in Ledger Live:

  1. Open Ledger Live and head to Accounts.
  2. Click Add account.
  3. From the drop-down menu select DigiByte.

You’re all set!

Swap DigiByte at your fingertips

Ledger Live is your one-stop platform for smooth and complete asset management. With just a few clicks, you can send/receive and swap DigiByte.

*Buy, send/receive, swap, stake, and other crypto transaction services are provided by third-parties partners.

Swap DigiByte

Swapping allows you to test out different cryptocurrencies, protect assets from volatility, and diversify your portfolio. Through Ledger Live, you can swap one asset for another without using fiat currencies.

  • Head over to Swap.
  • On the Exchange page, select the accounts that you want to swap.
  • Enter the desired amount and click Exchange.
  • Connect and unlock your Ledger device.
  • Follow the instructions to confirm the swap.

Swap DigiByte

1

The best way to keep your DigiByte coins secure

Secure multiple assets, including DigiByte using a Ledger hardware wallet. Your private keys, giving access to your assets, remain safe in a certified secure chip.

Ledger Nano S

NEW

LEDGER NANO S PLUS

Protect your DigiByte assets with the first and only independently-certified DigiByte wallet on the market.

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Ledger Nano X

BEST SELLER

LEDGER NANO X

The Ledger Nano X is a Bluetooth enabled secure and CES award winning device that protect your DigiByte assets.

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Choice of 5,000,000+ customers

Bertil A.

5/5

In order to secure cryptocurrencies, Ledger is the perfect tool.

Kevin L.

5/5

Simply a very elegant peace of hardware, with a gorgeous UI in the app.

James P.

5/5

ALL is good, all legal resources bought was as specified and compliant, party on.

Read more reviews

Frequently Asked Questions

Similar to Bitcoin, DigiByte uses a proof-of-work (PoW) consensus design and UTXO transaction scheme. However, DigiByte deploys five rotating mining algorithms compared to Bitcoin’s single SHA-256 algorithm. Block times within DigiByte are also only 15 seconds, compared to 10 minutes in Bitcoin.

Yes DigiByte is a fork of the Bitcoin protocol and changes some of the core components of Bitcoin to achieve faster transaction processing and a unique mining framework.

Moreover, DigiByte underwent four separate hard forks in the early years of its existence, primarily to optimize the mining system. All of the following hard forks below occurred between 2014 and 2015. The four hard forks and their general upgrades include:

  1. DigiShield
  2. MultiAlgo
  3. MultiShield
  4. DigiSpeed

DigiShield recalculates the mining difficulty between each block, which was designed to mitigate low difficulty mining across ‘multi-pools’ of miners.

MultiAlgo added the multi-algorithm mining of DigiByte designed to accommodate the various forms of mining including GPU, CPU, and specialized hardware such as ASICs. The goal is that by using more mining algorithms, more users are capable of mining on the network, increasing decentralization. The original single mining algorithm on DigiByte was Scrypt but now includes SHA-256, Qubit, Groestl, and Skein.

MultiShield activated DigiShield across all five of the mining algorithms in December 2014.

DigiSpeed reduced the block times by 50 percent — to 15 seconds — and also doubles the block size every two years. Currently, DigitByte can process roughly 560 transactions per second, which is set to increase every two years but will come at the expense of more cumbersome block storage for smaller nodes in the network.

DigiByte has a capped supply of 21 billion DGB, which will be reached in 2035. The supply of DGB follows a continuously decreasing emission curve, and a 0.5 percent pre-mine was allocated to the initial project developers.

When you first buy crypto, you’re issued with two keys: public and private.

  • A public key serves as an address that can be shared with other parties to perform transactions.
  • A private key represents a randomly generated number that signs transactions and protects your assets from malicious attacks. If it gets compromised or lost, you won’t be able to access your cryptocurrency wallet to spend, withdraw, or transfer your cryptos.

To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. Besides being susceptible to attacks and a honeypot for hackers, with hot wallets, the custody of private keys is often entrusted to a third party such as a crypto exchange, which means you never have full control over your funds. The safer choice are specialized hardware wallets that store private keys offline. Stealing private keys from a hardware wallet would require physical access to the wallet and corresponding PIN or the recovery phrase. What’s more, with hardware wallet, you don’t need to rely on third party custodians.

Ledger Nano is the industry-leading hardware wallet. With more than five million customers, Ledger Nano wallets have several layers of security that protect private keys, and hence your assets:

  • Your private keys are stored on secure element chips.
  • A PIN code and a 24-word recovery phrase are required to access the wallet.
  • Ledger Nano hardware wallets have been built using highly durable materials for protection against physical damage.

With full isolation between private keys and your computer/mobile, Ledger Nano cryptocurrency wallets keep your keys secure and give you complete control over your tokens.

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