Review on DigiByte by erdi yılmaz
DigiByte
The DigiByte blockchain is based on customizable token generation, smart contracts and decentralized applications (dApps). In this respect, it carries all the conditions of being DeFi. Using 5 different algorithms in mining is a MultiShield for decentralization, that is, multiple shields. The load is balanced among the algorithms, their management in the network is democratically distributed.
In the dApp layer, all applications on the network can be viewed, transfers and APIs can be used.
Data on the network is stored in the Public Ledger & Digial Assets layer. Miners' management and data protection take place in this layer.
Core Communications & Global Network layer also enables the network to work with nodes. The substructure of other layers is this layer. Data transfer between nodes is provided in this layer.
It can perform money transfer transactions made by companies such as Western Union, Skrill, Paypal, and Payoneer in a decentralized and fast manner. There are also much lower transaction fees than banks. DigiByte's target users are corporate companies. It tries to gain a good place in the market like its competitors with its advanced encryption methods, fast processing ease. DigiByte, which is thousands of times faster than banks when considering intercontinental transfers, is 40 times faster than Bitcoin. DigiByte's goal is to exceed the speed of VISA's 2000 transactions per second.
Pros
- On the DigiByte platform, the creation of things like tokens, dApps, smart contracts on the network is simple and there are videos for teaching by watching.
- Thanks to DigiAssets, anything that has value in normal life can be transferred to the blockchain. For example, signed documents such as invoices, deeds, digital artworks; tangible assets such as cars and real estate
- Odocrypt Consensus Algorithm has been developed by DigiByte developers to avoid ASIC dominance in any of the 5 PoW algorithms in the network.
Cons
- maximum supply 21 billion
