Video · ARCADE for your community

ARCADE for DigiByte, part 1: DGB with Legacy, P2SH and SegWit addresses

DigiByte on ARCADE: DGB borrowed from the mesh, Legacy (D), P2SH (S) and Native SegWit (dgb1) addresses, DigiByte ordinals and test mining.

5:29 · no voice, captions on screen

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What the video says
  1. DigiByte on ARCADE · Part 1 of 2 · DGB in your wallet
  2. Where DigiByte shows up on your node
  3. Receiving DGB, and the three address types
  4. DigiByte ordinals on the Exchange
  5. Mining test DGB for the faucet
  6. This is the Overview of an ArcadeCore node: your @name, your address on every chain, and the chains this node can reach.
  7. Here is DigiByte. Where says borrowed: this node doesn't run DigiByte itself. It reads the chain from another arcade on the mesh that does.
  8. Blocks shows how far the chain has got, and synced means it's at the tip, so the balances and payments you see are current.
  9. Borrowing costs no disk space and no setup. A chain this node runs itself says here instead, like Pepecoin test above.
  10. Receive: pick DigiByte in the Wallet list. This is your own DigiByte address, made from your twelve words in your browser.
  11. Address type picks which kind of DigiByte address you get. Legacy is the default: addresses that start with D, which every wallet and exchange takes.
  12. P2SH (Nested SegWit) addresses start with S, and Native SegWit ones with dgb1. SegWit transactions are smaller, so their fees are lower.
  13. A SegWit address is made from the same twelve words, so your wallet needs unlocking once to make it.
  14. There it is: your Native SegWit DigiByte address. The line under it gives its path in your wallet and says its coins are its own.
  15. Each type is a separate address with its own balance. Coins sent to your dgb1 address stay there until you spend them from it.
  16. Switch the type and you see that kind's address. Copy it, or show the QR code to whoever is paying you, and send only DGB to it.
  17. Your keys never leave your browser. The node reads the chain for you and passes on transactions you have already signed.
  18. Send has the same menu. It spends the coins of the address type you pick, signed with that address's own key.
  19. Step 3 of 4 · Exchange · DigiByte ordinals on the Exchange
  20. Listed and bought for DGB on the Exchange's DigiByte ordinals tab
  21. One transaction: the seller signs the coin that carries it, the buyer pays and receives it
  22. Each operator decides whether their arcade holds listings
  23. A whole trade, step by step, on Pepecoin test: the video "Trading ordinals"
  24. Admin › Mining is for the node's operator. It shows how each chain is mined on this machine, and by ASICs on your network.
  25. Real chains like DigiByte mainnet are never mined on a home CPU here: it can't keep up with the miners already on them.
  26. Test chains such as DigiByte testnet are different. Coins mined here stock this node's faucet, so new users have test coins to try things with.
  27. Recap · What you saw
  28. DigiByte is borrowed from another arcade: nothing to download
  29. Receive gives your own DGB address: Legacy (D), P2SH (S) or Native SegWit (dgb1)
  30. Ordinals trade in one transaction both sides sign
  31. Test DGB mined here fills the faucet. Test coins have no value
  32. Next · Part 2 · DigiDollar
  33. Vaults, minting and redeeming, on DigiByte's test chain

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