Bitcoin cryptocurrency is still the most popular digital coin in the digital market. It ranks top 1 in the list of the best cryptocurrencies and most investors prefer to invest their funds in this particular asset. They hope for its consistently high price and constant growth.
However, the very architecture of the Bitcoin blockchain has long been inferior to other alternative coins in very many ways. Some altcoins are seriously claiming to be the leader, overtaking Bitcoin technologically. The price of Bitcoin has risen so much that it is no longer worth waiting for huge growth spikes and X’s. In this regard, some investors, to form a competent investment portfolio of cryptocurrencies, are looking for cheaper, little-known projects with interesting and unique functionality.
One such project is the DigiByte (DGB) cryptocurrency, which is gaining more and more popularity in the digital market. This asset appeared relatively recently – in 2014, however, there are very positive rumors among the community about it. Many investors see DGB as a promising cryptocurrency with good growth potential. Besides, DGB is renowned for its unique Blockchain architecture, which has many advantages over Bitcoin technology. That is why DigiByte should be considered as one of the options for diversifying your investment portfolio.
Digibyte advantages and disadvantages
Any cryptocurrency can be adjudicated only by considering its advantages and disadvantages. So, with Digibyte advantages, you can name:
- a large number of coins, because the developers offered users, not several million, billions of tokens of this cryptocurrency. Besides, coins are publicly available: they can be mined, bought, or received in the form of earnings on the Internet;
- speed. The platform we are writing about in this article is very fast. Its operating activity is ten times higher than that of all extra analogs. Thanks to the improved structure of the blockchain, as well as the use of the SegWit algorithm, the network scales perfectly. Besides, it has a very high throughput. In the beginning, the value of this indicator reached 280 operations per minute. However, this value is gradually increasing every day. According to the developers’ ideas, already in 2020, the pointer will be at least 2000 transactions per minute;
- innovative encryption technology to defend payments. The operability of the network is maintained by no less than 200 thousand servers around the world. The transactions made are recorded in a safe registry. This is done so that activities can no longer be duplicated, rewritten, or modified. Besides, the network used is protected from most of the attacks, which uses an innovative mining technology;
- universality, since Digibyte can be substituted for both fiat money and other cryptocurrencies;
- the ability to quickly and easily perform transactions, with no additional registration required. It takes only a few seconds to generate a block;
- the low volatility of DGB, due to which the rate of this cryptocurrency is difficult to manage. It is for this reason that it is preferred for transactions;
- Convenience and simplicity of Digibyte – wallet;
- low commission for transactions or in some cases it is absent at all. In common, the size of the commission is no more than 0.001USD. As a comparison, we can cite a transaction in the Bitcoin network – even after the latest changes, the user will have to pay at least 0.4 USD;
- openness and justice of the project, which is not so frequently found in the digital currency market;
- it is particularly worth dwelling on the weakness of work on Digibyte. The creators of this system worked very thoughtfully on the project. The developers are continuing to improve the platform, taking into account the wishes of users. Those of them who give truly helpful ideas receive bonuses and are encouraged in every probable way.
Oddly enough it sounds like Digibyte has practically no drawbacks. The only relative problem is the lack of awareness of this digital currency. Although it can be attributed to the “old-timer” of the crypto market, few have heard of it. DGB-related news is not frequently distributed in the media. Perhaps this is because the developers do little to promote their projects.
The mission of the DigiByte project
The main idea of the developers of the DigiByte cryptocurrency was to create a project that would enable each user to carry out transactions within the network without any obstacles and delays. And DGB is perfect for this, since this cryptocurrency cannot be destroyed, hacked, or counterfeited, and transactions are very fast and their cost is minimal or not charged at all.
In the long term, DGB can be safely used to transfer confidential information, various currencies, property rights, etc. According to the developers’ plan, Digibite will be pegged to the exchange rate of one of the world currencies. Since the number of DGB coins is strictly limited in the code, the volatility of this asset will be minimized as much as possible, which will make the DGB cryptocurrency even more convenient for financial transfers.
