Future of DigiByte cryptocurrency. | Technical, Finance, Investment Questions

Future of DigiByte cryptocurrency.

WORA SETH

2 years ago

Digibyte prioritizes amplifying transaction speed, decentralization, and strengthening the security of DApps and digital payments. The cryptocurrency was created by Jared Tate back in 2013, who was the lead developer.The crypto is being developed to enhance certain aspects of both Bitcoin and Litecoin networks. Bitcoin transactions are much slower compared to Digibyte cryptocurrency. Digibyte mainly focused on the hiked transaction fee, transaction speeds, and the massive volatility, making it a problem to utilize these digital assets as a payment method.Moreover, the Digibyte blockchain pays attention to the downturn in blockchain performance related to some code troubles. Before exploring Digibyte price prediction, lets us find out what DigiByte is, and here is the whitepaper document. So, Digibyte (DGB) is the next one in our cryptocurrency price predictions.MultiAlgo – Block 145,000This hard fork was triggered back in Sept. 2014 to allow multialgo mining of DigiByte to fit in the different mining modes such as ASIC mining, GPU, and CPU mining.

MultiShield – Block 400,000This hard fork was triggered back on December 10th, 2014. This hard fork had the task to activate DigiShield across the new MultiAlgo platform and accomplish the same goals on all five mining poolsDigiSpeed – Block 1,430,000The hard fork was initiated back in December 2015 and aimed at increasing the speed of the DigiByte coin. The Digibyte block time for confirming transactions was by 50 percent to 15 seconds.

Odocrypt – Block 9,112,320The hardfork was triggered in July 2019, giving birth to Odocrypt, a unique FPGA-friendly hashing algorithm. The algorithm is designed specifically for Digibyte and adjusts after every decade as an anti-ASIC approach.







WORA SETH

Student at Bihar

2 years ago

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