Review on DigiByte by Supertuck Cyclist
About DigiByte
Today I'm going to talk about DigiByte, developed by Jared Tate in 2013 and released in January 2014.
DigiByte is a security, decentralized and speed oriented cryptocurrency. It continues to be developed since 2014. But if you ask me, although it has been in the market for many years, it is not well known by most.
I would like to share some technical information about DigiByte that I know. DigiByte's software infrastructure consists of three layers working on top of each other :
1. Core Communication and Global Network - This connects all transactions on the network. It supports multiple data transfers between processes and forms the basis of other layers.
2. Public-Ledger & Digital Assets - This is where the data of the network is stored. In addition, there are security measures to prevent data manipulation. It encourages and manages the miners that bring the platform to a reliable level.
3. Applications - This is the user-facing part of the blockchain. Includes interface, transfers, API and other logging applications built into the DigiByte network.
DigiByte has been on the market since 2014, and 10 billion DigiByte has been in circulation. This number will reach 21 billion at the end of 21 years.
Also, the last thing I will say about DigiByte is that it supports ASIC and GPU mining.
Pros
- Minable
- safe
- fast
- available on every exchange
- Simple and Easy to use
- low transaction fee
Cons
- too high supply
- too low price
