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Review on DigiByte by Holly Smart
Some in the cryptocurrency sphere have referred to DigiByte as a “sleeping…
Some in the cryptocurrency sphere have referred to DigiByte as a “sleeping giant”. With a market cap of over $350 million, and the veritable hordes of supporters behind the project, DigiByte may already be awake. Or at least on its way to standing up on its own two feet.
The project certainly has some lofty goals. If it’s able to both achieve them and see adoption, it could certainly change the way people view the project.
Pros
- From a technical perspective, DigiByte has a highly advanced system in which miners can use any of five different mining algorithms including the popular SHA-256 and Scrypt, which are the algorithms used by Bitcoin and Litecoin respectively among others. This choice in algorithm, as well as the unique way in which mining rewards are divided among the algorithm choices, means that both Bitcoin ASICs and CPU miners can both mine the currency side by side.
Cons
- many people perhaps have never heard of DigiByte, or know what it’s for exactly. That’s why we reached out to the DigiByte development team and spoke with Josiah Spackman, the official DigiByte ambassador to learn more about this project and the ever-growing following behind it.
