Review on DigiByte by Inioluwa Okedeji
Digibyte Network: A Platform For Swift Transactions
Digibyte DGB founded by Jared Tate in 2014 is an open source blockchain network.
The creation and invention of Digibyte was based on Bitcoin, though as of today DGB still finds itself lagging behind, it as done well to improve on the efficiency. functionality and speed of transactions.
DGB network is a three-layered network with decentralized applications, smart contracts and customizable tokens. This shows that the Digibyte network is a decentralized one.
DGB is currently ranked 41st on coinmarketcap.
It's market cap is $376,062,487 USD
Digibyte circulating supply is 13,570,598,213 DGB
It has a maximum supply of 21,000,000,000 DGB.
DGB uses a proof-of-stake as it's underlying algorithm therefore it can be mined.
DGB is traded on major exchanges around the world and can also be kept for its value like other similar digital currencies
Over the past few months, I discovered that DGB's rank has dropped drastically on the coinmarketcap. Why this happened I can't say but I think it as to do with its PR management I.e awareness, advertisement and the likes. I believe this as dropped. This issue has to be taken note of if this network will strive in the future.
Pros
- Digibyte network is a highly secured network with swift transaction speed
- Transactions on this network requires low fees.
- Digibyte network makes uses of advanced algorithms.
- DGB runs on digi-assets smart contracts.
Cons
- DGB currently has a low value
- Popularity and development are declining.
