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Review on DigiByte by Georgia Birch
Fast block times and small transaction size allow DigiByte to have a…
Fast block times and small transaction size allow DigiByte to have a throughput of around 280 transactions per second. That’s fast compared with Bitcoin’s current eight transactions per second. However, it pales in comparison to payment processors like Visa, who can handle 2,000 transactions per second. DigiByte plans to reach the 2,000 transactions per second mark set by Visa and possibly surpass it. So far, however, those plans are still vague, without a clear roadmap.
Pros
- DigiByte also limits transaction size and scope. There’s little documentation explaining how this works exactly, but DigiByte claims such limitations on transactions make their blockchain more efficient. In addition, limiting transaction scope theoretically protects the security of the network.
Cons
- To counter these challenges, DigiByte was the first cryptocurrency to implement segregated witness. SegWit separates transaction confirmations from the transaction information in the block. This makes the ledger more compact. In addition, SegWit allows for innovations like cross-chain transactions and single confirmation transactions. These options are potential avenues for development on DigiByte’s blockchain.
