Review on DigiByte by Olugbenga Ajayi
DIGIBYTE iS A BLOCKCHAIN TO RECKON WITH
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BRIEF FACTS ABOUT DIGIBYTE
1. Digibyte was founded in January 2014.
2. Digibyte became the first altcoin to activate segwit in April, 2017.
3. In May, 2019 Digiassets was launched.
4. Digibyte use sha256, scrypt, Groestl, skein and qbit as mining algorithm.
5. Digibyte blocks are mined every second compared to 10 minutesfor Bitcoin.
6. Digibyte can handle 560 transactions per second and it is about 40x faster than older blockchains.
DIGIBYTE SECURITY
Digibyte has proven very secure because from inception till now it's security has not suffered breach. The fact that it uses up to five mining algorithm for mining prevents mining centralization and make the network more secure and decentralized. it also possess the 'most advanced difficulty stability' which is meant to protect digibyte blockchain from malicious attacks and further improve it's security.
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DIGIBYTE FUTURE
Digibyte hope to incorporate artificial intelligence and internet of things into iits space in the future.
Pros
- It is faster in transaction
- Has better security
Cons
- No white paper about it
- It lack mass adoption
New products
Comments (2)
May 15, 2020
To be sincere digibyte is one of the struggling coins, though it has been in existence since 2014,not much is known about it, that is among the crypto community is not all that popular even the price refuse to go up, I will expect the team to do more so that digibyte story will change.
May 15, 2020
Digibyte is one of the first Generation blockchains, that has been continuously developed and remain popular even in the current days where the crypto space is flooded by many newer project.
Digibyte has active developer and is the one most adaptable platform.
