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Review on DigiByte by Mason Michaud
DigiByte is open-sourced and aims to be more decentralized than Bitcoin. It’s…
DigiByte is open-sourced and aims to be more decentralized than Bitcoin. It’s also faster, boasting a more secure and anonymous infrastructure. It supports 43,000 nodes, nearly 6 times the 7,400 nodes supported by Bitcoin. It also supports 100 times the coin supply. DigiByte is especially gaining popularity among gamers through DigiByte Gaming, which offers DGB as rewards for playing certain games. We’ve mentioned on multiple occasions the importance of tokenization and gaming in cryptocurrency.
Pros
- DigiByte has a market cap of $270,254,204 as of August 18, 2018. This is based on a circulating supply of 10,678,573,602 DGB (approximately half the maximum supply of 21,000,000,000) and an exchange rate of $0.025308. Its peak price so far occurred on January 5, 2018, when it reached $0.138940.DGB is widely accepted on crypto markets, with Bittrex, Poloniex, Sistemkoin, HitBTC, Kucoin, Upbit, and YoBit all having significant daily trade volumes. Still a genuine altcoin, DigiByte’s pricing is very much tied to Bitcoin, but it’s much more of a blockchain 2.0 project. Its three-layer blockchain network separates smart contracts, processing, and decentralized applications. It also features cross-chain compatibility, making it a capable competitor in the blockchain arms race.
Cons
- Throughout Bitcoin’s meteoric 2017, DigiByte had the good fortune to ride the cryptocurrency wave into several new investments. As a legacy crypto that existed in the pre-spike days, it was soon found by crypto media and analyst upstarts looking for the next new thing.Its trading pairs include BTC, USDT, and ETH, with occasional fiat currencies. DigiByte offers wallets for all Operating Systems, and there’s third-party support from Coinomi, Ledger, Trezor, Guarda, Exodus, Satowallet, and more.
