1 Level
6 Review
3 Karma
Review on DigiByte by Anna Johnson
DigiByte launched its genesis block on January 10th, 2014. At launch, it used…
DigiByte launched its genesis block on January 10th, 2014. At launch, it used a single proof of work algorithm. Soon after, however, DigiByte conducted a hard fork to introduce a total of five proof of work algorithms. Splitting the mining between algorithms encourages decentralization and increases the security of the network. It's pretty perfect
Pros
- The DigiByte website offers a lot of great marketing copy and buzzwords. However, there’s little technical information about how the network actually functions. It’s difficult to get a sense of the real achievements of DigiByte versus things they have planned for the future. In this article, we’ll try to dig deeper into the DigiByte platform – its history, technological specifications, and its achievements
Cons
- Digibyte’s price spiked again in December 2017-January 2018. John McAfee, a popular crypto-investor, tweeted about DigiByte as a company worth watching. The resulting December spike carried into the new year. But, it eventually collapsed along with the rest of the crypto market in the correction of January 2018
