Have you ever felt that currencies like Bitcoin, Ethereum or Litecoin are not secure and adaptable enough? If so, then DigiByte may be something you want to consider! It’s a network-driven task, in which the failure rate is minimal, with no ICO, no particular organization behind it. The organizers, designers and the network are unpaid volunteers who thoroughly assessed the risks of bankruptcy. DigiByte is much more than the fastest computerized money you can have. It is an innovative blockchain that can be used for automated resources, shared contracts, decentralized applications, and secure verification.
Some sites have already started promoting it thanks to its extensive functions and attractive features, and if you are interested, you can access bitcoin evolution. There is a general feeling of excitement for this virtual currency due to the points discussed, and already people are eager to know more. Therefore, we will take a look at various aspects in the following sections, so that there is more clarity on this new currency.
- What exactly is DigiByte? – It is the most extended Proof of Work UTXO based on a blockchain that has three layers. The three layers are for smart contracts, decentralized applications, and computerized resources. The open registry is the central layer where the DGB coin acts as its automated base resource. It was created by Jared Tate, who is the inventor and creator of the DigiByte Blockchain. Since October 2013, Jared has dedicated a full-time DigiByte development.
MIT, Harvard has also invited him, and the United States Capitol to speak about blockchain technology. He is also the co-author of the book “Blockchain 2035 The Digital DNA of Internet 3.0”, which is the leading book by the creator of Blockchain. DigiByte (DGB) resembles other digital currencies for its moving value.
- What makes this cryptocurrency unique? – DigiByte has been in development for quite some time because they wanted to discover how to prove its security as a Blockchain mechanism. It was initially driven as a simple job verification calculation; However, the most remarkable aspect of virtual currency is something different. It was created to navigate the centralization of mining and make the system progressively secure and decentralized. In this way, it uses five mining calculations, while other cryptocurrencies only use one.
- The security aspect – DigiByte enjoys the “most exceptional security” feature of any blockchain through DigiShield. DigiShield is also being used by Ethereum, Bitcoin Cash, Zcash, Dogecoin, and other blockchains. DigiShield redirects DigiByte calculations in real-time against multiple pools and an excessive increase in new coins that have already been created. Thus, it offers security on various levels.
- Trading can be faster – DigiByte is an option 40 times faster than Bitcoin thanks to its 15-second time frame, compared to BTC, which has a block time of 10 minutes. This is why DigiByte was the primary altcoin to run the Segregated Witness feature, which can significantly improve adaptability. From a security and adaptability point of view, DigiByte is hands down much better than Bitcoin or Litecoin.
- How was created? – DGB has a defined supply and a timetable for its dissemination. An estimated 21 million DigiBytes completed within 21 years. Since there were no ICOs, the new DigiBytes are continually being produced through mining. The last DGB will be mined in approximately 2035.
- Point of purchase – For now, you will be a buyer and traded on major exchanges. If someone needs DGB, a base volume of $ 100 can be sold on the trade during a particular time frame. Each qualified broker will share a pool of 50,000 DGB.
To promote the virtual currency, there are already many promotional offers, and people who want to have this virtual currency can join these raffle offers. Thus, we can see that DigiByte has some features that are more unique and attractive than other cryptocurrencies in operation. Investors and crypto enthusiasts may consider this option if they are looking to invest in a new virtual currency. Also, there is a lot of positive market sentiment towards this offering, so investors can be assured that they will make good profits from it soon.