Review on DigiByte by Sergio Daniel Delgado
Something from DigiByte
DigiByte is a UTXO based coin, which means that each coin has an identifier that makes it more secure and avoids double-spending issues. Like any other cryptocurrency, DGB has been quite volatile in recent years when it comes to pricing.
DigiByte is one of the many cryptocurrency projects that we have learned from in recent years. It is one of the oldest coins, founded in 2014 and yet, it is still relatively unknown to most people. It focuses on decentralization, security and speed. In fact, compared to Bitcoin, it works on a faster network, which is also more scalable and secure. On the other hand, it has seen very slow success over time; Your website focuses on good marketing copywriting rather than really explaining much about how the network really works.
Pros
- DigiByte is 40 times faster than Bitcoin, but faster block times lead to scalability issues. To solve this problem, DigiByte became the first cryptogram to implement SegWit; separates confirmations from information and allows cross-chain transactions and a single confirmation. All this, together with a limitation to reduce the size of the transactions, allows a volume of around 280 transactions per second.
Cons
- None so far
