Review on DigiByte by Pedro O. Alvino M.
alternative payment system with high block confirmation
DigiByte seems to be considered primarily as a payment method that is composed of different layers such as the application layer, which is the user interface that connects users and their devices with the lower layers. There is also the digital asset layer and the public accounting book, which according to this is the distributed accounting book system of the blockchain, through which transactions are carried out and finally the central layer of Global communications distinguished as a layer consisting of mining nodes that support the other layers.
Its most distinctive feature could be the use of five separate mining algorithms. Users can choose which of the five they want to use to get the best performance on their system. The available algorithms are SHA256, Scrypt, Skein, Qubit and Groestl, which in general can work for many miners in the network, if it is an implement that many do not offer, since the purpose of this is to improve the security of the DigiByte network
Pros
- Very scalable network with high block confirmation in just 15 seconds.
- It uses a multi-layer blockchain system.
- Most wallets support DGB.
- It includes five separate mining algorithms that help DigiByte miners.
- Excellent platform for payments with high security.
Cons
- Since his vision is intertwined with projects like Nano that offers even greater scalability and speed in their transactions.
