Review on DigiByte by Mehdi hazni
digibyte
Digibyte seeks to make cryptocurrency a daily necessity for everyone in the world. This blockchain can be considered a fork of bitcoin. Using the bitcoin code and technical structure, the digibyte development team developed the digital currency and then gradually made it less and less similar to bitcoin with various updates.
One of the main similarities between digibyte and bitcoin is the transaction approval structure of this digital currency. Both networks use the UTXO transaction output model.
Unlike Bitcoin, which has a total of 21 million units, digibyte has 21 billion units, all of which will be mined in 21 years (by 2035).
The digibyte block time was 60 seconds at startup, and according to the network's development team, it could process 140 transactions per second. The block is halved every two years.
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Pros
- mining digibyte is done simultaneously with five different algorithms
- Transaction approval capacity is high
Cons
- This project has no white paper
- Many of the mechanisms in this network are not logical for experts
