As my followers know (and I hope they also like) , I like the debate and article about an ideea to be short, with valid arguments, no long useless talk. Opposing points of view are welcome in the comments.
First let's see what is strong about any coin today.
Utility. Offering something useful that can be used on the real market. Smart contracts, use on a platform (like steem taking over the advertising market)
Security. And here old coins have an advantage....they have been attacked and tested and patched a long time
Speed of transaction.
Small transaction fee.
Last but not least: DECENTRALISATION. That is why we like to vote and don't like to live in a dictatorial system. No need to debate here about the trust in one or a few persons.
Miners are the heart and soul of a coin, what keeps the wheels turning and the transactions going.They validate transactions. And by miners I refer not only to POW, but also POS or any other transaction validation system. Because that's what mining is , a transaction validating system.
What most people don't realise is that every coin has not only one trade market, but two. There is also a hidden from view miners market.
There the offer is the miner incentive for mining that coin and the demand is the miners wanting to mine for that incentive and use their resources to do the mining.
If that market goes wrong, you can have the best coin .....it will crash. With lo miners number the transactions will be slow, the decentralisation low and the transaction fee high.
What is so special about DGB?
It's splitting the incentive for miners in 5 and it uses 5 mining markets to mine for it.
It has a lot of miners from 5 separate algorithms.
This makes DGB : FAST (lot of miners), SECURE (very decentralised), LO FEES (again...lots of miners offering to mine competing and keeping transfer fee down).
In the light of the last rumours about talk to possible control and regulate the market by laws, being so decentralised I think it is the most UNCONTROLLABLE coin.
To compare it with file sharing....remember the difference between DC++ and torrent? Yes, and dc++ was decentralised....but torrrent was much more decentralised...it was and still is unstoppable.
I really think the future and the next generation of coins in Multi Algorithm Mining coins.
They offer much more from the qualities that people want in a coin.
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Nice article!
What site is the hash rate discount for?
For any type of hashrate purchased from genesis-mining.com
Nice article!By the way,I have upvoted your post,can you upvote my new post? Thanks