Talk about blockchain and the first thing that comes to mind is Bitcoin. No one is refuting the massive appeal and prowess of BTC blockchain, especially when Bitcoin is the #1 cryptocurrency. But, what if I tell you there is a cutting-edge blockchain that’s much larger, more secured and much faster as well as more economical than the BTC or LTC blockchain?
Well, that’s DigiByte for you. It’s a far more developed and advanced blockchain technology. Unfortunately, DigiByte hasn’t received the due attention it deserves yet.
But, it’s about time the crypto community and also the mainstream fiscal scene pay heed to it. After all, the future of the whole crypto industry lies with DigiByte.
DigiByte is a highly decentralized, fast growing and public blockchain. It is the longest UXTO blockchain in the entire world. DigiByte expands to 10 million blocks, and was the first major blockchain to implement Segregated Witness (SegWit), as well as having overcome different scalability issues which are still unseen by many other popular blockchain networks. DigiByte has already released its own native coin DGB which assures immaculate security. DigiByte’s digital assets can’t be counterfeited, destroyed and hacked. What more can one ask for?
Founded by seasoned developer Jared Tate, DigiByte is not owned by any single company. The blockchain is globally decentralized with its more than 280,000 nodes downloaded since 2017.
What I find really interesting about the blockchain is that it uses as many as 5 advanced and secured cryptographic mining algorithms. This unique “multi-algorithm” quotient creates different PoW (Proof-of-Work) mining methods which greatly enhances the blockchain security and eliminates many of the risks of mining centralization which is often seen with mono algorithm blockchain.
DigiByte is empowered with state-of-the-art difficulty stability technologies like MultiShield and DigiShield. These technologies guard the blockchain from varied forms of unwanted attacks. In fact, the multi-algo factor of the network secures it against 51 percent attack.
DigiByte boasts the fastest ever block speed for a Proof-of-Work blockchain in the whole of crypto industry. The blockchain assures a lightning fast 15-second block timing that assures super speedy transactions. DigiByte also implemented the DigiSpeed network upgrade based on findings from Microsoft Research Labs & ETH Zurich university in Switzerland which covers block propogation across the network. This network upgrade coupled with the MultiAlgo design is a major reason behind the excellent scalability and quicker transaction the blockchain sports today.
Moreover, DigiByte also follows blockchain rigidity. Unlike other blockchain transactions, DigiByte transactions are limited in scope and size. It makes way for improved speed, efficiency, throughput as well as security.
DigiByte has recently implemented a highly advanced security feature called “Dandelion”. It shields user location by making it harder to locate the IP Address of transaction source. Moreover, mention must be made of the network’s latest mining algo Odocrypt. The new algorithm changes after every ten days and hence is ASIC resistant.
If you talk about the future, well, DigiByte seems to be in a highly conducive situation that speaks of a sustainable existence. It’s not owned by any company which means it’s devoid of layoff or bankruptcy risks. Thanks to its unrivaled decentralization worldwide, the network is free from any sort of “Single-Point-Of-Failure”. No entity can close down DigiByte ever, unless internet is closed down globally.
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Sydney has 20+ years commercial experience and has spent the last 10 years working in the online marketing arena and was the CMO for a large FX brokerage.
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