Why would I want to receive a pension in DGB
It's very simple!
There are many coins on the market and new ones are constantly appearing. But when it comes to investing for the long term, then the project you want to support must have certain criteria. One such project is DigiByte.
The project itself was launched in January 2014, and according to the authors, it was created with the goal of fixing the weak points that BTC and LTC have. This is due to price volatility and an increase in commodity speculation, which leads to a decrease in the number of transactions with real goods and services, for which cryptocurrency was created. So the developers decided to make the number of coins 21 billion DGB, and make the coin itself not speculative but transactional.
Now in progress is almost 11 billion coins, i.e. have already exceeded half, given that the issue of coins is decreasing by 1% every month - there is still a good window for mining. Also, given that the capitalization of the coin at the moment (17.10.2018/265/0.02) is XNUMX million dollars, and the cost of one coin is XNUMX USD, there is a potential for price growth.
Technical features:
- 15 seconds blocks
- SegWit works with 2017 of the year
- Mined on 5 algorithms: Sha256, Scrypt, Groestl, Skein & Qubit
- 21 billion coins
- 560 transactions per second (promised 2000 to 2020 year)
- Block reward: 797 DGB
Total may be 21 billion of coins. Developers are planning to get them for 21 year (until 2035), the issue decreases by 1% every month, before it was 8000 DGB per block, and at the moment it has decreased to 797 coins. Initially, DGB was created for mining using ASIC miners, but in order to make the mining process accessible to a larger number of people, 5 algorithms were used at once - Scrypt (ASIC), Qubit (GPU), Groestl (GPU), Sha-256 (ASIC), skin (GPU).
As part of the experiment, we mine the ASIC S9 SHA 256 algorithm.
The transaction appears on the network in 1-3 seconds, the blocks are in chain every 15 seconds, and the transaction is confirmed every 3 minutes. DGB is transferred between users practically free of charge, the commission is minimal. There is no intermediary or centralized management. The coin is used for trading and storage in 89 countries.
Digibayt, a kind, little bitcoin. You can send 15 DGB instead of 0.00005 BTC. It will be fast and with a minimum commission. In fact, DigiByte is one of the first BTC clones. They took the best from him and added the most necessary things.
The Blockchain Digibuhta consists of three layers:
- Application Layer - This is the most popular layer used by most users. Includes decentralized and centralized applications and smart contracts.
- Electronic Assets / Public Accounting This layer provides protection and security for the system. It includes unique DGB coins, the network of which keeps records of transactions and Mining on five algorithms.
- Core Protocol / Global Network - the lowest layer, which provides the entire infrastructure. This includes communication between DigiByte nodes, users using DigiByte software.
Team and future plans
A project with a good history and results achieved. On the official website you can see the roadmap. from the start of the project to today.
During this time, they spent 4 successful hard fork: Digishield, Multialgo, Multishield, Digipepe. And 3 software fork: followed, CSV, NVersionBips... The DGB project is holistic and with a clear understanding of what it was created for. In addition to working with smart contracts, the project team takes the direction of the development of the project on IoT (Internet of Things), as well as the introduction of AI for data analysis.
The founder of DigiByte is Jerad Tate, who became the first public figure to develop blockchain in 2014. Full list of main participants teams can be found here. This year, the project team was able to implement 77 items, which include both additions to new exchanges and conferences with Jerad. Next year, only 17 of the main points that they intend to achieve are indicated in the roadmap, but since the project is being carried out by a volunteer-developer community, they do not indicate the exact dates for the implementation of this plan.
Future developments include:
- Launch DigiAssets – a service for creating ICOs and Dapps based on the DGB blockchain.
- Algo swap
- Emma – DigiByte-assistant with artificial intelligence.
Apparently, the project in 2019 will face big changes and even deeper integration into the daily life of the crypto community. Perhaps, in addition to developing innovative technologies, the developers will pay due attention to marketing, since this is the part that is the weakest in the project. Throughout the history of the project, it did not show itself in any way and did not get into the TOP cryptocurrencies in terms of trading volumes. Except on one occasion where McAfee in 2017 tweeted DigiByte as coin of the day, as a result of which the price increased by Present in several = 100%.
Summing up the pros and cons
Despite the fact that Digibayt is a solid project, in addition to the characteristic the benefits he possesses and obvious minuses.
The project grows and becomes cumbersome, and the more cumbersome the machine, the more difficult it is to manage and make changes. On the other hand, a large project is a more stable project, namely this criterion plays a key role in long-term investment. The stability of the project is guaranteed by the support of the community, only on Twitter 156 readers. Also, 5 mining algorithms constantly provide computing power. network operation. Listing on major exchanges, as well as on decentralized exchanges, provides coin liquidity. And, of course, the potential for growth and development of the project remains undiscovered. Now DGB is on the 36 site, taking into account the pace of development and implementation of the technology in more merch / services, DGB can get into TOP20 cryptocurrency.