Review on DigiByte by Oludunni Oluwafemi
Safest, fastest, longest and most decentralized UTXO blockchain in existence.
Digibyte is an innovative blockchain that can be used for digital assets, smart contracts, decentralized applications and secure authentication.
Digibyte blockchain is completely open source and free to use released under the MIT licence, which gives the power to run and modify the software. Transparency allows for independent verification of binaries and their corresponding source code.
Getting started with digibyte is easier than sending SMS. You can send and receive digibytes using the device you already know and love. Just install a digibyte supported wallet then click scan, scan the QR code and send digibyte. As easy as A.b.c
Digibyte transactions are confirmed in approximately 15 seconds, which is 40 times faster than bitcoin and 10 times faster than litecoin.
Digibyte is a community-built blockchain which aims to complement bitcoin by being fast and cheap alternative.
Digibyte has the record for the longest running chain of blocks of any cryptocurrency.
Pros
- The digibyte blockchain is protected by not one but five mining algorithms. This ensures that digibyte networks remains decentralized in order to encourage the distribution of mining, affording equal opportunity to even smaller miners and protecting against monopolies.
- Digibyte is now ranked among the top 30 cryptocurrencies by market cap.
Cons
- Despite the age and fascinating development power, the project is not very well-known on the cryptocurrency market. Time to change it and shed some light on digibyte.
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Comments (2)
May 13, 2020
Digibyte purpose was to create a number of different proof of work mining method to accommodate the different types of Mining capabilities that exists, such as dedicated Asic mining, GPU and CPU mining.
May 12, 2020
Digibyte is a rapidly growing open source blockchain, it was founded in late 2013 and release in 2014. After 6 years of forward thinking development, claim that that digibyte has become one of the safest, fastest, longest and most decentralized UTXO blockchain in existence. Digibyte is global, now it working in 100+ countries.
