Review on DigiByte by Lanelle Journey

Name: DigiByte
Item: DigiByte
Rating: 5

September 18, 2018

What is Digibyte Mining? Mining Digibyte is the act of securing the network…

What is Digibyte Mining?
Mining Digibyte is the act of securing the network, validating blocks, and bringing new Digibyte tokens into circulation. Digibyte was originally a fork off the Bitcoin blockchain, and like Bitcoin it uses a consensus mechanism known as Proof of Work (PoW). PoW is considered to be the most secure consensus protocol for blockchains.
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Minng is accomplished by using the processing power of your computer to solve cryptographic problems. This validates blockchain transactions, secures the Digibyte network, and ultimately creates new blocks while also rewarding miners with Digibytes. In addition to a computer with a GPU you’ll also need a Digibyte wallet and specialized mining software to mine Digibyte.
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Pros

191 SHARES Facebook115Twitter69Google+5Buffer0Telegram2Subscribe DigiByte (DGB) is a fast-growing global blockchain for security and decentralised payments used in 82 countries. DigiByte has many features, including lightning speed transactions with minimal or nonexistent fees. You send and receive DigiBytes to or from any DigiByte address in the world in a matter of seconds without having to register or have hidden charges. DigiByte also allows you to secure your data, documents and contracts in a way that has never been possible before.

Cons

Digibyte (DGB) is a rapidly growing and increasingly popular blockchain that was designed for speed and security in making decentralized payments. Currently used in over 100 countries it comes with many cutting edge features for cryptocurrencies. These include minimal and even nonexistent fees as well as lightening fast transaction speeds. Unlike other cryptocurrencies that can take many minutes, or even hours in some cases, you are able to send Digibytes to any other Digibyte address anywhere within the world within seconds. And there’s no need to register, and no hidden fees to contend with. To make the blockchain even more attractive, Digibyte can be used to secure data, including documents and contracts, in ways that have never before been possible.