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Why DigiByte will be the cryptocurrency of the decade

by Kene Ezeaputa 2 years ago in blockchain
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Why DigiByte will be the cryptocurrency of the decade
Photo by Eftakher Alam on Unsplash

what is DigiByte?

DigiByte is more than a faster digital currency. It is an innovative blockchain that can be used for digital assets, smart contracts, decentralized applications and secure authentication.

DigiByte (DGB) is a highly scalable peer-to-peer digital currency that enables industry-leading transaction speeds with negligible fees. DigiByte is the best means of making digital payments.(

How is DigiByte different?

DigiByte is trying to build the most decentralized crypto currency, built on speed, reliability and privacy.

It ecosystem - DigiByte isn't just the Coin

DigiAssets-DigiAssets is a secure, scalable layer on top of the DigiByte blockchain that allows for the decentralized issuance of digital assets, tokens, smart contracts, digital identity and more.

Imagine you buy a concert ticket as a digital asset, no information of yours will be sent out and the concert ticket can exchanged at any time

Imagine you want to create a business but you don't have any funding, using Digi assets you could create shares in your company and sell them off to create cash for your business.

DigiAssets will allow for the tokenization of assets

Imagine getting your "paycheck" from work and instead of USD, you're paid in your company's stock, you can then sell/exchange half and keep the rest if you believe in the long term viable of the company, Imagine buying goods with a piece of an assets.

Here's a quote from Robert Greifield the former CEO of the Nasdaq “100% of the stocks and bonds trading on Wall Street today could be tokenized, and in five years, 100% of the stocks and bonds on Wall Street WILL be tokenized."

DigiAssets is what can enable that

Digi-ID-Digi-ID is a security protocol built on DigiByte blockchain technology that empowers users to effortlessly sign-in to websites, applications, and even into the internet of things.

Its better for password management because their are no passwords.

Digi-ID eliminates the username, password and 2FA requirements for authentication. Because Digi-ID uses public/ private key cryptography there are no passwords or usernames at risk. This method not only protects the consumer, it also protects the services that the consumer uses.

By Launchpresso on Unsplash


DGB is a forward thinking Cryptocurrency, they have 5 major innovations

Pioneered Digi-shield-allowed for the DigiByte blockchain to protect against multi-pools that mine large numbers of DigiByte at a low difficulty. It achieves this protection by recalculating block difficulty between each block, allowing for a faster correction when a multi-pool begins or ceases contributing to DigiByte, rather than recalculating once every fortnight (2 weeks) as is the case with Bitcoin

Since inception, DigiShield has been added into over 2-dozen other cryptocurrency blockchains such as Ethereum, Bitcoin Cash, Zcash, Dogecoin, Startcoin, AuroraCoin, BitcoinGold, BitTokens, CasinoCoin, CreativeCoin, Granite, Huncoin, Monacoin, Mooncoin, Nautiluscoin, Quatloo, SakuraCoin, Scorecoin, SmartCoin, StartCoin, SuperiorCoin and Ubiq.

Segwit-The declared purpose was to prevent nonintentional bitcoin transaction malleability, allow optional data transmission, and to bypass certain protocol restrictions.(1st to implement)

Mutialgo- allowed for multi-algorithm mining. Its purpose was to create a number of different proof of work (PoW) mining methods to accommodate the different types of mining capabilities that exist, This allows for a larger number of people to access DigiByte mining and therefore it creates a more decentralized blockchain with the coins reaching groups who were unable to mine the coin on its original single-algorithm (Scrypt)

Odocrypt- Odocrypt is a unique GPU / FPGA-friendly hashing algorithm made specifically for DigiByte that changes itself every 10 days as an anti-ASIC method. (decreases chance of mining centralization)

Dandelion++-Dandelion is a privacy-enhancement for the DigiByte blockchain that aids in obfuscating the senders IP address

My thoughts

I do believe tokenized assets, blockchain, and cryptocurrency's are the future, but its impossible to know which coins will come out on top. I imagine in the year 2035 their will be 10 or so mainstream cryptocurrencies but its hard to pick where ones will win because we are so early, right now it feels like the 80s when the first Mac was launched, no one knew what would happen next but, everyone that was paying attention knew the Mac had just changed "the game". This being said I encourage everyone to pay attention to the crypto space and not just Bitcoin and Ethereum because the real innovate in this space is happening in the altcoins. I recommended learning about ADA, Pi network, chainlink, ravencoin, and polkadot to start seeing the possibilities for this technology. To start to build your framework for what makes a good cryptocurrency, then dip your feet into the space. ONLY BUY WHAT YOU CAN AFFORD TO LOSS. Thank you for you time, may we meet again - your friend Kene Ezeaputa)

Sources: IF you want to learn more


Disclaimer: I own DGB



About the author

Kene Ezeaputa

Trying to do my best

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