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Review on DigiByte by adriel atencio

Revainrating 4 out of 5

Being in the field for almost four years is considered to be a milestone and…

Being in the field for almost four years is considered to be a milestone and one of the cores of innovation in the cryptocurrency. Digibyte which was inspired by Bitcoin has been very well know in terms of security of digital assets. The one who launched the Digishield which was used by some in the fields like Dogecoin, Startcoin, Nautiluscoin and Zcash. Proving itself that it can help others within the blockchain industry and why not the others? Digibyte has a lot in its bag to surprise us not only now but for the coming years ahead, so why not to loose to fuse?



Pros
  • 5 Mining Algorithm- Using Algorithms namely Sha256, Scrypt, Groestl, Skein, Qubit and the blockchain type which is decentralized and UTXO based. Digibyte is one of the few that uses these amounts of algorithms which considered to be a success. Used to escape from the problem that single algorithm had faced which is known as the 51% attack. Effective in certain ways as this type of attack can find i t difficult to manipulate since each algorithm controls only 20% of the network and as we all know that 51% attack can only be successful if it controls a total average of 51% of each algorithm. Blockchain Stability and Security- On top of the 5x mining algorithm that they laid down to offer, Digibyte assures additional protection for its blockchain by implementing the Digishield and Multishield. This is to insure that the Digibyte blockchain will be protected against multi-pools who would usually mine large portion of Digicoins. 15 Second Block Time Speed- Digibyte's block time speed if not arguably to be the fastest but considered to be as one of. Compared to Bitcoin's 10 minutes block time, Dash's between 15 and 23 seconds block time, and Ethereum's block time between 10 and 20 seconds is said to be a success in the blockchain industry. The outcome is faster processing of transactions within a few seconds not to mention what this attraction can be to the miners who will spend less time in mining.
Cons
  • 560 Transactions Per Second- Compared to Bitcoin's 5-7 transactions per second is great. But for a new crypto company who has been promoting that they can process 2828 transactions per second. I think we have to make some adjustments to top on what they offer. More Exposure and Promotions- Digibyte must provide more marketing exposures like more partnerships with other companies to create wide awareness among its targets, of its existence and benefits. That in every country there should be at least one to represent them on their behalf.

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