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Review on DigiByte by Anna Johnson

Revainrating 5 out of 5

DigiByte launched its genesis block on January 10th, 2014. At launch, it used…

DigiByte launched its genesis block on January 10th, 2014. At launch, it used a single proof of work algorithm. Soon after, however, DigiByte conducted a hard fork to introduce a total of five proof of work algorithms. Splitting the mining between algorithms encourages decentralization and increases the security of the network. It's pretty perfect



Pros
  • The DigiByte website offers a lot of great marketing copy and buzzwords. However, there’s little technical information about how the network actually functions. It’s difficult to get a sense of the real achievements of DigiByte versus things they have planned for the future. In this article, we’ll try to dig deeper into the DigiByte platform – its history, technological specifications, and its achievements
Cons
  • Digibyte’s price spiked again in December 2017-January 2018. John McAfee, a popular crypto-investor, tweeted about DigiByte as a company worth watching. The resulting December spike carried into the new year. But, it eventually collapsed along with the rest of the crypto market in the correction of January 2018

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