Review on DigiByte by Saleh Bayramli

Today's topic is DigiByte. Let's begin!

DigiByte is an open, decentralized, international blockchain. The native cryptocurrency used on the DigiByte blockchain is known as DGB. These DigiBytes are immutable and indestructible digital assets. This makes them ideal for storing and protecting objects of value, such as digital data currencies. Of course, transactions that occur on the DigiByte blockchain remain forever on any blockchain. Due to the platform's features, advanced security and superior technology, DigiByte may be considered an advanced version of Bitcoin. Cryptocurrency is around blocks that have been spent over 4 years on extensive research and development of blockchain technology. It is also the longest blockchain in the world with over 6 million blocks and counts. The network uses a work certification algorithm to verify transactions. To ensure mining security and greater distribution, the network has five different mining algorithms, each with adjustable difficulty. A new block is mined every 15 seconds, and these 5 mining algorithms each mine 1 block every 1.5 minutes.

Is a significant improvement over Bitcoin, which has only one mining algorithm with a blocking time of about 10 minutes. Another feature that makes DigiByte a great cryptocurrency is its scalability. Bitcoin can perform up to 7 transactions per second, but the best way to store

DigiBytes is to use the official DigiByte wallet, which is available for major operating systems such as Windows, Mac, and Linux. The same number can be downloaded from DigiByte's official website. Alternatively, you could also consider storing DigiBytes in hardware wallets such as Trezor and Nano Ledger S.

As mentioned above, DigiByte can be mined. First you need to choose from 5 mining algorithms SHA256, Skein, Qubit, Groestl and Scrypt. Note that each algorithm is suitable for a particular type of mining hardware. For example, miners using ASIC hardware use SHA256 and Scrypt algorithms. If you choose the mining algorithm, all you have to do is download the appropriate software and select your mining pool. DigiHash is the most popular mining pool in DigiBytes with many options to choose from.

DigiByte is a significant improvement over Bitcoin and Ether, but it is still essentially a crypto currency. This means that it will be affected by fluctuations and regulatory issues that are scratching the crypto currency sector. Since it is part of a relatively new asset class, I don't think it's realistic to take big risks in this product.