The crypto world is an evolving space where you have new crypto platforms surfacing up every now and then. Put simply, it’s quite a challenge for any crypto platform to maintain a stronghold today amid such stiff competition across the crypto market. And when a crypto portal is actually able to boast an escalating reputation and interest, you know it has something really powerful on the plate. DigiByte is one such promising name which has taken the crypto world by storm with its innovative blockchain and forward thinking approach. The open-source decentralized crypto platform was officially launched in 2014 and since then DigiByte has  consistently managed to be a buzzword in the crypto zone with its cutting-edge security, superior speed and a host of futuristic features.

Founded by leading crypto expert Jared Tate, DigiByte is a next-gen blockchain which could be used for smart contracts, digital assets, decentralized applications as well as secure authentications. The official coin of DigiByte is DGB – a PoW cryptocoin that comes with a hard cap supply of 21 billion.

Most decentralized UTXO blockchain

In the words of leading crypto guru Sydney Ifergan, a major reason behind DigiByte’s unwavering reputation even after 6 years of its inception is its complete commitment to a decentralized infrastructure.

“Albeit we are mostly accustomed to centralized control yet the modern global society is fast transcending to a decentralized approach. And DigiByte complements the current shift with élan through its most decentralized  UTXO blockchain. This 100% commitment to decentralization is something you barely get with other crypto platforms including many of those that claim to be completely decentralized”, stated Mr. Ifergan.

DigiByte’s complete decentralized approach reinforces its sustainability as well as prevents risks of tampering by corporations, governments or any malicious controlling party.

Multiple firsts

Another key factor that has consistently catapulted DigiByte over other regular crypto blockchain portals is its repeated adoption of several blockchain firsts.

MultiAlgo mining

Unlike regular blockchains that come with just one mining algorithm, DigiByte utilizes as many as 5 independent and unique algorithms for mining. The “MultiAlgo” factor equips the blockchain with more hash power compared to other blockchains which eventually eliminates risks of attack from rented hash-power- and hence assures greater security.

Odocrypt algorithm

DigiByte is a pioneer in the crypto blockchain security zone, especially courtesy its Odocrypt algorithm. This cutting-edge mining algorithm prevents unwanted ASIC dominance big time by rewriting and morphing itself after every ten days.

SegWit implementation

DigiByte is the very first major crypto blockchain platform to adopt SegWit in 2017, through DigiSync hardfork. Implementation of this advanced technical milestone has rewarded the portal with superior speed and on-chain scalability, leading to 1,066 transactions a second at very negligible fees. The SegWit adoption has further fixed the common transaction malleability bug of UTXO blockchain and also enables DigiByte to assure atomic swaps and cross-chain transactions.

DigiByte’s block processing speed is 40x and 10x faster compared to Bitcoin and Litecoin separately.

DigiShield

The DigiShield adoption protects DigiByte blockchain from unpredictable multipool hash-power volatility- a major glitch in several blockchains.

Put simply, DigiByte has surely set the benchmark for crypto platforms in-the-making for coming years.

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