DigiByte goes up more than 13% after it approves Taproot activation upgrade

The native token of Digibyte, DGB, climbed by 13%, reaching a weekly summit. The commercial activity against the token also increased after the protocol has approved an upgrade.

According to data of Crypto.News, DGB (Dgb) increased by 13.2% in the last 24 hours. On March 25, the token reached a new weekly summit of $ 0.00,9392 following news that the community approved the implementation of Bitcoin (BTC)) Taproot activation in its operations.

At the time of the press, DGB is negotiated at $ 0.925. Its market capitalization has increased in parallel with its overvoltage, currently at around $ 162 million.

DGB is a cryptocurrency and blockchain protocol that was launched in 2014. blockchain.

The tokens can be extracted by a consensus of evidence of work by using a computing power to solve complex mathematical problems, validate the transactions and add them to the blockchain. The mining mechanism and the scalability of DGB were compared to anterior cryptocurrencies such as Bitcoin.

DGB and BTC rely on a work proof mechanism to secure their blockchains. While Digibyte also follows a POW model, he uses five different mining algorithms, which are SHA-256, SCRYPT, SKEIN, QUBIT and ODOCRYPT.

The multi -algorithm approach of DGB makes it possible to prevent the centralization of mining power and makes the network accessible to a larger range of equipment – from ASIC to GPU and CPU.

For the moment, DGB Power supply in circulation in circulation is 17.60 billion, or about 83.8% of its total offer. Meanwhile, there are still about 3.40 billion DGB which can be extracted, or about 16.2% of its total offer.

Why are Digibyte tokens trendy?

The DGB token has increased since the blockchain plans to upgrade to its system called the tapot activation process via the flexible BIP-9 fork. So far, 95% of its blocks have noted Digibyte management adopting the tapot activation model.

According to the site, Digibyte has already started the Tapot activation process. However, it is not yet fully active.

Initially deployed on Bitcoin in 2021, the upgrading of the Tapot root is a collection of protocol updates that introduce new features that modify the way in which blockchain process transactions. With the upgrade of the tapot root, transactions require less data and less work because several signatures can be combined for verification, rather than being aggregated individually.

In addition, it can also improve intelligent contract Functionality on the blockchain. In the case of Bitcoin, this functionality has expanded the types of transactions that could be processed via native intelligent contracts on the blockchain.

Another key advantage brought by the Tapoot root is the reduction in the costs on the blockchain. The upgrade is able to rationalize the way in which the data is processed, thereby reducing resources that result in a lower costs for users. This is one of the reasons why the upgrade is eagerly awaited by the Digibyte community.