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Review on DigiByte by Lisa Drechsler
I think you're overestimating the number of blockchains faster than DigiByte…
I think you're overestimating the number of blockchains faster than DigiByte. Please name them. If Nano is your counter argument, understand that it's not a traditional UTXO blockchain (it's "block lattice" which is unproven). Nano is taking a risk with their block lattice "tech" and will need 4.5 years (like DGB) to prove that its chain can hold up. Oh... and not to forget, Nano was 100% pre-mined, so it is ridiculously centralized. No way the developers didn't store away large portions of that 100% pre-mined stock.
Pros
- Regarding the speed of transactions, you can achieve it in several ways. Off-chain solutions, as it is LN; with more centralized solutions, like having main servers that sustain the basis of the network (BitShares, and so on); InstantSend from Dash, which takes advantage of the masternodes, creating some level of centralization and other issues such as economic power centralization. You also have Digibyte's solutions which is to take the size of a Bitcoin block, reduce the block time to 75s, have five algorithms (huge step in decentralization and security, combined with DigiShield) giving you a confirmed block every 15s (and about 560tps maximum). So Digibyte wins in security and decentralization, and when money is the topic you want the most secure solution. And it's really hard to mess with it.
Cons
- Lightning Network is an "off-chain" solution, meaning it occurs outside of the blockchain. If we're looking for solutions outside of blockchains, then why not stick with Visa/Mastercard which are already digital currency and super fast? DigiByte provides the same speed while keeping everything "on-chain". We never have to leave the blockchain with DigiByte to find solutions that proponents of LN seek.
