Review on DigiByte by Moshe Bal

Name: DigiByte
Item: DigiByte
Rating: 4

June 17, 2019

Digibyte

Digibyte’s development is taking care to secure the infrastructure and provide as many as possible features to assist the anonymity and the decentralization of the network itself. 
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The blockchain consists of 3 different layers separating processing from smart contracts and decentralized applications. Features like the cross-chain compatibility are something that is giving extra value to the coin, compared with others. It is a proof-of-work network with a max supply of 21 billion DGB coins.
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As a UTXO based p2p network, DGB coin is an innovative blockchain strongly oriented to the overall decentralization and providing high speed, proper network infrastructure, and decent security. The blockchain consists of 3 different layers responsible for different actions.

App layer – Users can freely utilize application daily.
Public ledger layer – It increases significantly the level of security of the whole platform.
Global network layer – This one supports the infrastructure of the network and the operations.
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There are two types of nodes on the Digibyte coin network – Full nodes and Light nodes. Full nodes are the nodes supporting the network with its main activities by providing the whole blockchain as confirmation point for each miner and user on the network. 
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Pros

The network is one of the highly decentralized ones thanks to the utilization of multi-algorithm mining which includes Scrypt, SHA256, Qubit, Skein, and Groestl
This is a huge benefit of Digibyte coin. The implementation of the DigiSpeed protocol helps to decrease the block time to around 15 secs.
Thanks to the multi-algorithm approach and the supported Proof of Work consensus the transactions and all activities can are stored on an immutable public ledger.

Cons

Despite the fact that it is on the market already 5 years it cannot compete with Bitcoin and Litecoin yet. For many people, the project is not yet discovered.
Different investors are stating that Digibyte is still weak compared with other cryptocurrencies.
The official wallet available on their website is a full node one and it requires storage of the whole Digibyte coin blockchain and as I mentioned, it is the biggest one in the world.