1 Level
6 Review
1 Karma
Review on DigiByte by Alicia Morrison
In my opinion, there is a great use case to have a store of value coin (BTC…
In my opinion, there is a great use case to have a store of value coin (BTC), and a transactional currency for fast transfers and payments. The tough part is that no one really knows which project will take this spot in the ecosystem of crypto. There are currently several options, such as Litecoin, Bitcoin Cash, DigiByte, etc. that all seem to be vying for this role
Pros
- - Decentralization: Claims to be more decentralized due to more network nodes comparable to BTC, and no private company control of DGB. - No ICO : This can be a positive aspect in that it may mean that DGB is more decentralized than many ICO projects, which often have a certain number of coins or tokens held by the team, etc. - Strong Community
Cons
- 21 billion total coin supply: This may only be a negative if seeking more immediate dramatic return on investment. Gains and price swings may seem less dramatic compared to lower supply coins/tokens. However, it seems that an aspect of Bitcoin’s interest is partially that the supply is so limited, that everyone in the world would not all be able to own 1 whole BTC
