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Revainrating 5 out of 5

DigiByte launched its genesis block on January 10th, 2014. At launch, it used…

DigiByte launched its genesis block on January 10th, 2014. At launch, it used a single proof of work algorithm. Soon after, however, DigiByte conducted a hard fork to introduce a total of five proof of work algorithms. Splitting the mining between algorithms encourages decentralization and increases the security of the network. It's pretty perfect

Pros
  • The DigiByte website offers a lot of great marketing copy and buzzwords. However, there’s little technical information about how the network actually functions. It’s difficult to get a sense of the real achievements of DigiByte versus things they have planned for the future. In this article, we’ll try to dig deeper into the DigiByte platform – its history, technological specifications, and its achievements
Cons
  • Digibyte’s price spiked again in December 2017-January 2018. John McAfee, a popular crypto-investor, tweeted about DigiByte as a company worth watching. The resulting December spike carried into the new year. But, it eventually collapsed along with the rest of the crypto market in the correction of January 2018

Revainrating 5 out of 5

At the end of the day, readers need to decide what they think the future will…

At the end of the day, readers need to decide what they think the future will be for DGB. This review was written about my opinions and my interpretation of the data, which can be subjective. In no way am I claiming that I know everything, and therefore, more research may be required by readers. But hopefully I have given a good amount of content to assist in entertaining the public. DGB could go nowhere in price or even go down. But it could also do very well. Decide for yourself based on the…

Pros
  • In existence since 2014 (This is both positive and negative) One may wonder that if DGB is truly as advanced and awesome as it seems, why is it not a top 5 crypto? And why is it still controversial as to wether people think it should be a top crypto or not? It is always good to consider all the facts and thought processes people may have.
Cons
  • I do think there is potential for DGB in the payments space, or something of that nature. In my opinion, there is a great use case to have a store of value coin (BTC), and a transactional currency for fast transfers and payments. The tough part is that no one really knows which project will take this spot in the ecosystem of crypto

Revainrating 5 out of 5

If the entire crypto space continues to grow, DGB might not have a problem…

If the entire crypto space continues to grow, DGB might not have a problem reaching this price and higher, given the seemingly strong DGB community. But nothing is ever certain. Some projects see tremendous growth at some point in their life span, and then struggle to reach those highs once again, due to the hype factor being gone. Other projects reach former highs more easily, possibly because it is known price territory and they are sound projects with strong community. At this point in time,

Pros
  • This is a large coin supply, comparative to many other current crypto projects. This is not necessarily a negative thing. However, price could possibly dilute slightly when all coins are in circulation. This coin supply is 1,000 times larger than the total supply of Bitcoin (BTC). This means that, with regards to market cap, Digibyte would have the same market valuation as BTC, at roughly $324.17 USD per DGB, if DGB were to tie BTC in current market cap valuation, assuming both coins were at full circulating/max supply (according to both coin market caps as of 5/10/18).
Cons
  • This core concept of cryptocurrency is fascinating, and will change the world in my opinion. The difficulty however, is that cryptocurrency is still in its early stages, and has faced many growing pains thus far. For example, in December 2017 and January 2018, the Bitcoin network was so congested, that it would often take up to several hours to send or receive a transfer. Not to mention the fees that were very high. If for example, a person were to buy a hamburger for $3 back in January, it likely would have cost more than $3 in fees to send the payment, and would have taken too long to send. This showed that, at the time, BTC was not really scalable or practical. Since then however, BTC has been in development of the lightning network. The future does indeed look to be more scalable. However, it is still questionable as to whether BTC will be able to achieve the status of store of value, as well as transitionary currency. If BTC achieves the popularly forecasted price of $100,000 or even $1,000,000, it will be interesting to see how expensive the fees are. For this reason, it would make sense to have a transitionary coin as well.

Revainrating 4 out of 5

We believe that the DJ will turn into a decentralized pay-as-you-go network…

We believe that the DJ will turn into a decentralized pay-as-you-go network and a large digital currency that millions of people around the world will use, on the Internet, in stores or by individual, easily and quickly, with The commission fee will be paid very low or even without payment

Pros
  • The DIGIT Byte allows you to transfer money through the Internet, such as PayPal and Western Union, but with many advances, including ultra-fast, at no-cost or cost-free transactions. In just a few seconds you will be able to receive the byte of the address of the bank or send it to the byte of the money for no additional registration or additional charges. The Benefits of DigiByte provide a platform for secure payments to merchants and individuals that is readily available worldwide.
Cons
  • I do not think so. I do not know

Revainrating 4 out of 5

Ability to quickly add new features. DigiByte can add new features & upgrades…

Ability to quickly add new features. DigiByte can add new features & upgrades much quicker than Bitcoin. Future DigiByte upgrades will push transaction limit to several thousand per second. DigiByte is an easy brand to market to consumers. DigiBytes are much cheaper to acquire. $1 – $10 long-term price target per DigiByte. Send 5 DigiBytes instead of 0.005 Bitcoin.

Pros
  • For now usability is poor but if the developer team work more on marketing it as the next future payment method then it will be fantastic for this coin. In real use it realy great coin. just try to download the core wallet and you will understand
Cons
  • Still need time and more efforts till this coin reach its targeted price.

Revainrating 4 out of 5

Bitcoin has about 4-7 transactions per second with 10 minutes block times…

Bitcoin has about 4-7 transactions per second with 10 minutes block times, 7400 nodes and 1 mining algorithm. DGB has 560 transactions per second, with the goal of 2000 by the year 2020, with 15 second block times. DGB also has 200,000 nodes, with 5 mining algorithms

Pros
  • Secure currency trading is very fast Not a bad coin, but not a good coin either. that ... when viewed from the perspective of opportunity costs, make it a bad coin! The price will be 20 SATs by the month of 2017. Buy Digibyte if you want to see your money disappear, but still have the comfort of it melting away on a steady string I guess. Digibyte is a solid cryptocurrency, but with absolutely nothing special happening to it. Just a penny that "Do not smoke."
Cons
  • It can be argued that only ICO’s and newer projects need white papers, in order to get investors or participants. This argument does not necessarily hold true, in that even Bitcoin has a white paper. A white paper can possibly be an effective way for the project to remain true to its original vision, and be open about its vision in a more concrete manner

Revainrating 4 out of 5

We already know Digibyte is an old cryptocurrency in crypto market. , lots of…

We already know Digibyte is an old cryptocurrency in crypto market. , lots of quality to bit A Rank crypto cyrrency. Now I think it's time to make some good move which make this crypto high valuable and gives a secure decentralized cryptocurrency.

Pros
  • Another decentralized token which Claims to be more decentralize comparable to BTC. As they said no private company control of DGB, no ICO. In my view this thing give this project more positive aspect from others project. As we know, digibyte transaction speed is much fast from BTC and ethereum. Already they give us this brief,Digibyte is the securest cryptocurrency.
Cons
  • Digibyte not yet show us it's best work or future capacity! Digibyte still work in smallest exchange not add on A+ grade exchange such as binance. I don't know which is the reason and why the team didn't show us fast result in this sector. I personally think in this way Digibyte loss our hope within short time.

Revainrating 4 out of 5

I have been using DigiByte for an year now and everything is amazing…

I have been using DigiByte for an year now and everything is amazing. Transactions take about 15 seconds to confirm, very secure. DigiByte is a rapidly growing three year old decentralized global blockchain with a focus on cyber security, payments & secure communications.The DigiByte Blockchain is a transparent global ledger used in many industries and applications. As cyber threats continue to exponentially increase DigiByte is focused on cutting edge blockchain security applications.

Pros
  • Well the logo looks cool, though the little digibyte robot is clearly just a copy of the michelin man on a diet. I looked into DGB, but frankly, nothing about it stands out to me. No dark markets even accept it in payment, which is the main purpose of crypto.
Cons
  • Digibyte has nothing fundamental going for it, just a lot of hot air and marketing efforts. The chart is a clear P&D, probably from Jared blowing the meager amount of funding he was able to jew an investor out of.

Revainrating 5 out of 5

With this market cap, DigiByte is currently ranked 51st on coinmarketcap…

With this market cap, DigiByte is currently ranked 51st on coinmarketcap (ranked from highest to lowest according to market cap). If DGB were to reach a price of $0.48 USD (roughly 10x current price) it would put the market cap at roughly $4,911,686,446 USD. This would put DGB at about 11th place ranking, given the current total overall crypto market cap stays the same (given that my calculations were correct). This is possible, but may be difficult. If the entire crypto market cap grows, this…

Pros
  • Not built on another platform, such as Ethereum or Neo: This means that DGB is a coin, not a token. This is good in that DGB has it’s own blockchain and does not rely on the speed of a different blockchain. For example, ERC20 tokens may only be as fast as the Ethereum network will allow at any given time
Cons
  • DigiByte states that they have a dedicated founder who is active full time. DigiByte seems to have the mindset of trying to stay ahead of the competition, stating that they have “shown industry-leading firsts over the last four years including Digishield, MultiAlgo, MultiShield and SegWit” (digibyte.io) There was no ICO, which aids to its’ decentralization as a coin. It is stated that DigiByte has encountered scaling problems, and has continued to prosper. “Growing to 6 million blocks, the DigiByte blockchain has encountered and overcome scalability issues not yet seen by most other major blockchains”

Revainrating 5 out of 5

In my opinion, there is a great use case to have a store of value coin (BTC…

In my opinion, there is a great use case to have a store of value coin (BTC), and a transactional currency for fast transfers and payments. The tough part is that no one really knows which project will take this spot in the ecosystem of crypto. There are currently several options, such as Litecoin, Bitcoin Cash, DigiByte, etc. that all seem to be vying for this role

Pros
  • - Decentralization: Claims to be more decentralized due to more network nodes comparable to BTC, and no private company control of DGB. - No ICO : This can be a positive aspect in that it may mean that DGB is more decentralized than many ICO projects, which often have a certain number of coins or tokens held by the team, etc. - Strong Community
Cons
  • 21 billion total coin supply: This may only be a negative if seeking more immediate dramatic return on investment. Gains and price swings may seem less dramatic compared to lower supply coins/tokens. However, it seems that an aspect of Bitcoin’s interest is partially that the supply is so limited, that everyone in the world would not all be able to own 1 whole BTC

Revainrating 5 out of 5

Experienced and dedicated developers are working hard to develop new upgrades…

Experienced and dedicated developers are working hard to develop new upgrades as soon as possible. Future updates are expected to make the transactions even faster. The notification of DGB transactions occurs in 1-3 seconds. The blocks are being discovered by the mining algorithm every 30 seconds and transactions are completed every three minutes.

Pros
  • Mining software and sophisticated hardware are very expensive for small investors. So, the mining of alternative cryptocurrency is ideal for large stakeholders. Many cryptocurrencies have now started to make use of power-of-stake (POS) instead of POW for mining purposes. In POS, the mining of coins doesn’t involve the use of expensive hardware and software products by miners. This makes the process of mining, in the case of POS, more suitable for small cryptocurrency investors.
Cons
  • When it comes to mining DGB, the miners have two options: solo mining or pooled mining. In solo mining, the miners can mine the coins on their own computer by using the right mining software, sophisticated hardware installed on their computers, and a valid cryptocurrency wallet.

Revainrating 4 out of 5

The original Bitcoin blockchain will continue unaltered, but a new branch of…

The original Bitcoin blockchain will continue unaltered, but a new branch of the blockchain will split off from the original chain. It shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges. As a result of this process, a new cryptocurrency was created which we call “Bitcoin Diamond”.

Pros
  • Bitcoin Diamond (BCD) is a fork of Bitcoin that occurs at the predetermined height of block 495866 and therewith a new chain will be generated as the BCD. Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. This will cause a bifurcation of the Bitcoin blockchain.
Cons
  • Q: What is the total amount for Bitcoin Diamond (BCD)? A: The total amount of BCD is 210 million. No more increase. 170 million BCD, 1BTC : 10BCD will be presented to the Bitcoin holders for the long-term Bitcoin ECOSYSTEM support. The rest 40 million will be automatically transferred into the community rewards pool as tributes and mining. Q:What problems do Bitcoin Diamond attempt to solve? A: After nine years of rapid development, high transactions fees and Bitcoin no longer meets the demands from rising numbers of clients. And various kinds of problems have arisen, which mainly consist of the following aspects 1.Lack of privacy protection. 2.Slow transaction confirmations. 3.High threshold for new members

Revainrating 4 out of 5

This is still a relatively high circulating supply as well. Although from its…

This is still a relatively high circulating supply as well. Although from its current price, DGB could still see tremendous price growth, seeing that the circulating supply of Cardano (ADA) is 25,927,070,538 coins, and achieved an all time high price of roughly $1.28 USD during the last major crypto bull run several months ago. As a transitionary currency, it could be argued that higher coin supply may actually be less confusing. Paying for a daily item with 20 DGB seems less confusing for the…

Pros
  • Emphasis put on security and technology therein. Innovative mindset and outlook- Started in 2014 (more proven than many projects). Not built on another platform, such as Ethereum or Neo. This means that DGB is a coin, not a token. This is good in that DGB has it’s own blockchain and does not rely on the speed of a different blockchain. For example, ERC20 tokens may only be as fast as the Ethereum network will allow at any given time
Cons
  • The tough part is that no one really knows which project will take this spot in the ecosystem of crypto. There are currently several options, such as Litecoin, Bitcoin Cash, DigiByte, etc. that all seem to be vying for this role. Currently, the crypto market is highly speculative, and coins/tokens can often be of value simply because people decide that they are worth that value. Sometimes it does not depend on the tech, but simply what people decide, for whatever reason.

Revainrating 5 out of 5

On the other hand, DigiByte’s adoption over the past four years has been slow…

On the other hand, DigiByte’s adoption over the past four years has been slow. It’s still a relatively obscure currency compared its competitors. The DigiByte website offers a lot of great marketing copy and buzzwords. However, there’s little technical information about how the network actually functions. It’s difficult to get a sense of the real achievements of DigiByte versus things they have planned for the future.

Pros
  • DigiByte is a cryptocurrency that focuses on security, decentralization, and speed. Founded in 2014, it’s part of the older class of cryptocurrency projects. However, despite its age and ongoing development over the past four years, DigiByte is still relatively unknown.
Cons
  • DigiByte’s supporters argue that it’s the sleeping giant of cryptocurrency. According to its fans, it’s on the cutting edge of crypto-technology. It hosts a network that’s faster, more scalable, and more secure than other major currencies

Revainrating 5 out of 5

Experienced and dedicated developers are working hard to develop new upgrades…

Experienced and dedicated developers are working hard to develop new upgrades as soon as possible. Future updates are expected to make the transactions even faster. The notification of DGB transactions occurs in 1-3 seconds. The blocks are being discovered by the mining algorithm every 30 seconds and transactions are completed every three minutes.

Pros
  • DigiByte (DGB) was officially launched on 10 January 2014 by entrepreneur and programmer Jared Tate. His goal was to develop a faster and more secure cryptocurrency. The main goal of this project was to create a cryptocurrency that could reach a more decentralized community than Bitcoin.
Cons
  • It is one of the most rapidly growing decentralized global blockchains. This cryptocurrency makes use of the blockchain technology, which is a transparent ledger used in different applications. DGB is focused on building state-of-the-art and sophisticated blockchain technology for security applications as cyber threats continue to increase around the world

Revainrating 4 out of 5

DigiByte (DGB) is a rapidly growing world-wide decentralized payment network…

DigiByte (DGB) is a rapidly growing world-wide decentralized payment network, inspired by Bitcoin. DigiByte allows you to move money over the internet similar to PayPal & Western Union but with many improvements, including lightning fast transactions and minimal or no fees. You can send & receive DigiBytes to or from any DigiByte address in the world in a matter of seconds with no required sign up, registration, or hidden fees.

Pros
  • not only is it super fast, but it will get faster over time has more nodes than almost all other currencies has 5 algorithms, so it's way more secure transaction fees are super cheap you can build DAPPs off of the blockchain it has massive market penetration, it's on a TON of exchanges and wallets including the Ledger & Exodus, and will soon have it's own native iOS and Android wallets DigiID (launched today!) over 4 years old, so it's not going anywhere, whereas most cryptocurrencies from 4 years ago are long gone a thriving community
Cons
  • Digibyte has nothing fundamental going for it, just a lot of hot air and marketing efforts. The chart is a clear P&D, probably from Jared blowing the meager amount of funding he was able to jew an investor out of.

Revainrating 5 out of 5

I love Digibyte and I traded and invested on it. I joined their community in…

I love Digibyte and I traded and invested on it. I joined their community in 2017 but I instantly realize how their community is so strong and their cointribution is something different from other projects. They keep on deveolping the project with new features to attract people to this project. They have 5 different mining algorithm to let anyone who want to mining Digibyte with the purpose of making Dgb the most decentralize as possible.

Pros
  • Community is very very strong since 2014. They are very very active and their team is amazing too.
Cons
  • It aims to be the coin for daily transaction. Btc with LN could be a problem.

Revainrating 4 out of 5

Advanced Difficulty Stability Difficulty adjustments protect a blockchain from…

Advanced Difficulty Stability Difficulty adjustments protect a blockchain from several forms of malicious attacks. By creating and implementing DigiShield & MultiShield, DigiByte has the most advanced difficulty stability of any blockchain in the world today.

Pros
  • Interference converges between five different algorithms. Ensuring the difficulty makes hackers difficult to overcome. Better than individual algorithms
Cons
  • DigiByte has been in existence for about 5 years and I’m just now hearing about it. Why doesn’t this coin have more hype or a more vocal community?

Revainrating 5 out of 5

Global Decentralization The DigiByte blockchain is spread over a 200,000…

Global Decentralization The DigiByte blockchain is spread over a 200,000+ servers, computers, phones, and nodes worldwide. 5 Mining Algorithms DigiByte uses five secure and advanced cryptographic mining algorithms to prevent mining centralization compared to single algorithm blockchains.

Pros
  • Ensure information security: DigiByte is often selected and loved by the absolute high security. It is a combination of three stages: World Classification (Blockchain of Coin is widely covered on every computer, website, phone ... Within the global scope).
Cons
  • I don’t see any major flaws with it, but I’m also not sold on its merit over other coins.

Revainrating 5 out of 5

DigiBytes can be sent over the DigiByte Blockchain and forever recorded on an…

DigiBytes can be sent over the DigiByte Blockchain and forever recorded on an immutable public ledger that is decentralized on thousands of computers across the planet.

Pros
  • Fast transaction speed: In less than 5 seconds, you can successfully buy a packet of coffee powder without having to wait. To do this, DigiByte pre-encodes a separate block. It is more competitive, stronger and faster than the outdated public blockchain
Cons
  • Wallet The funds in DGB are stored in the official DigiByte wallet available on their website. It requires to run a full node and store the DigiByte blockchain. This requirement adds a hurdle for first time users.