DigiByte

Digibyte Review

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of Digibyte.

Background

As many cryptocurrencies have emerged with complementing features to the actual problems that Bitcoin solved, many projects undertake grand and near-impossible visions and roadmaps. However, many people argue that Digibyte should be considered one of the “sleeping giants of crypto”. This blockchain is according to it’s fans, on the cutting-edge of crypto-tech.  The network is supposedly faster, more scalable and much more secure than competing cryptocurrencies. Heard that one before, right? However, in practice this project has a very dedicated community and close to 100,000 nodes across the earth. In opposition, global adoption over the past 4 years have been seemingly slow and it’s still considered a fairly obscure currency compared with it’s named competitors.

Solution

The Digibyte website is, from a marketing perspective, a very valuable asset. It contains well thought out and aligned content, consisting of a lot buzzwords and other catchphrases that captures the reader. But from a technical stand-point, there’s very little information pertaining to how the network and it’s technology actually functions and works. However, we’ll try to cover as much as possible in this section. Like to Bitcoin, Digibyte transacts on UTXO, meaning that new transactions don’t emerge from a specific wallets “balance”. Instead, each coin transacted has an individual “identifier”. As long as it stays in your wallet, the wallet considers it “unspent”. However, once you send that specific coin to someone else it becomes “spent”. This whole infrastructure was created to solve the “double spend problem” of virtual currencies, and it comes with a multitude of issues solved on the security-side for blockchains aswell.

Conclusion

With a very engageed community, “real life use cases” for pure payments, and what some people would argue “true” decentralization, DigiByte has many things going for them. Some people claim that the current bear market we are experiencing might weed out those tokens that don’t display a strong use case or achievements. In fact, this process will be very benificial for those projects that actually are doing the right things. If DigiByte continues to make a case for themselves and seek out wider adoption, the future should look bright for this project.

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