1 Level
6 Review
0 Karma
Review on DigiByte by Tyler Sanderson
This is still a relatively high circulating supply as well. Although from its…
This is still a relatively high circulating supply as well. Although from its current price, DGB could still see tremendous price growth, seeing that the circulating supply of Cardano (ADA) is 25,927,070,538 coins, and achieved an all time high price of roughly $1.28 USD during the last major crypto bull run several months ago. As a transitionary currency, it could be argued that higher coin supply may actually be less confusing. Paying for a daily item with 20 DGB seems less confusing for the general public, than 0.00011 BTC. DGB seems to be an interesting coin. The speed and security aspects, as well as the touted decentralization are all attractive aspects.
Pros
- Emphasis put on security and technology therein. Innovative mindset and outlook- Started in 2014 (more proven than many projects). Not built on another platform, such as Ethereum or Neo. This means that DGB is a coin, not a token. This is good in that DGB has it’s own blockchain and does not rely on the speed of a different blockchain. For example, ERC20 tokens may only be as fast as the Ethereum network will allow at any given time
Cons
- The tough part is that no one really knows which project will take this spot in the ecosystem of crypto. There are currently several options, such as Litecoin, Bitcoin Cash, DigiByte, etc. that all seem to be vying for this role. Currently, the crypto market is highly speculative, and coins/tokens can often be of value simply because people decide that they are worth that value. Sometimes it does not depend on the tech, but simply what people decide, for whatever reason.
