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I am not an investment professional. You not use this information as investment advice. This is for entertainment purposes only.
About #Digibyte:
DigiByte focuses on speed, security, and scalability. It prides itself with being
“faster, more secure, forward thinking”. With significantly faster block timings
than any other UTXO blockchain to date (15 seconds), DigiByte has encountered
and overcome a number of issues that many other blockchains such as Bitcoin
will not face until the advent of the next century. It is due to this forward thinking
nature that DigiByte adopted the SegWit protocol through a soft-fork consensus
in 2017, being the first major blockchain to do so, well before Litecoin or Bitcoin
adopted the upgrade.
DigiByte believes in on-chain scalability as a core tenet of its blockchain, with
“second layer” protocols never expected to be the primary “solution” for
increased throughput or transaction capacity. This on-chain scaling coupled
with OP_codes and SegWit allows for a large number of usage scenarios, such
as distributed applications (DApps), document notarization/validation, token
issuance, and asset digitization.
DigiByte has a maximum supply of 21 billion DigiByte, to be fully mined by the
year 2035. While other blockchains only utilize a single mining algorithm to mine
new blocks and introduce new assets into circulation, DigiByte has employed
five unique and independent algorithms in a “MultiAlgo” solution since block
145,000 in September 2014. DigiByte holds the dominant hash-power in 3 of its
5 algorithms globally, by an order of magnitude more than any other competing
blockchain. This provides greater security to the network while helping prevent
any “rented hash power” from attacking the blockchain.
DigiByte continues to pioneer in the areas of security based on the “forward
thinking” of its foundation by creating the Odocrypt algorithm. Odocrypt is a
mining algorithm which rewrites and morphs itself every 10 days in order to
prevent ASIC dominance, focusing on utilizing FPGA mining. Future algorithms
will also likely be replaced as necessary on an on-going basis to ensure
maximum security of the DigiByte network, while simultaneously expanding
upon the decentralization/distribution of the DigiByte blockchain.
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