1 Level
5 Review
7 Karma
Review on DigiByte by Robert Frueh
I think the fact that Digibyte, in its 4.5 year existence have built on…
I think the fact that Digibyte, in its 4.5 year existence have built on improving its core layer, increase its robustness, implement tweaks to code to improve overall performance. Building a solid base first, then what you build on top of that base has a better chance at success. Their learning curve is not in front of them, it's behind them. Some other coins have put the cart before the horse, not in the case of Digibyte. Imho
Pros
- To me it seems like it a crowded space and we have Lightning network on the way. Not to mention every pure currency project that claims faster speed than BTC, doesn't have network volume to justify the claim. Not hating just being constructive and fair.
Cons
- It makes the 51% attack virtually impossible. You could take all the Bitcoin miners in the world and make them try to attack DigiByte. It would make no difference since they would only get the majority of one out of the five algorithms. To make a successful attack on DigiByte you would need around 93% of the hashing power on one algorithm and 51% of ALL the others at the same time.
