1 Level
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3 Karma
Review on DigiByte by Shannon Mahmood
Many cryptocurrency experts believe that this currency will be used more in…
Many cryptocurrency experts believe that this currency will be used more in the future while the use of Bitcoin will be reduced significantly. This cryptocoin has a good reputation and it is listed on some of the more reputed exchanges. Although, there are other new currencies like DGB are emerging, they require time before they will be accepted on the different exchange platforms around the world
Pros
- Experienced and dedicated developers are working hard to develop new upgrades as soon as possible. Future updates are expected to make the transactions even faster. The notification of DGB transactions occurs in 1-3 seconds. The blocks are being discovered by the mining algorithm every 30 seconds and transactions are completed every three minutes.There is no (or only a very small) network mining fee for most DigiByte to DigiByte transactions to incentivize new miners. Users can send and receive DGB coins to or from any verified DigiByte address from around the world without having to register or pay any hidden charges.
Cons
- The mining is carried out through a process known as Proof-of-Work (POW). The miners have to solve complicated and complex mathematical problems to validate the cryptocurrency transactions using high performance computer systems and the latest mining software.
