Functionality and Working Platform or only a white paper
Digibyte has been around since January 2014, built off the LTC code (which came from the BTC code... great lineage I would say). It is seasoned, fast, inexpensive, many chains are built on it already... no promises, just real time applications... and still growing.
In short this blockchain can do it all,faster than any other, less expensive than any other, greater de-centralization than any other and arguably safer than any other in existence so far.
Speed
Digibyte can handle over 500 transactions per second... LTC can still only handle 50,that's ten times faster and that is on it's own blockchain. Also it is set to automatically increase in time to accommodate faster internet as well as usage, up to over 200,000 by 2035. My god it has only 15 second blocktimes... LTC and BTC are minutes!
Decentralized
With around 200,000 nodes it is the most decentralized blockchain thus far... BTC is around 12,000, man (EOS is arguably 21 or just over 100), this adds to it's consensus and in only 90 seconds for confirmations. In fact anyone can be a node by just running the Digibyte core wallet on your device... mine is running as I type this.
Mining
Digibyte has 5 mining algorithms compared to one or maybe two for other chains, adding to greater security and decentralization factors.
Smart Contracts
It already has working smart contracts,that are lining up (to me anyway) to become a primary legal contract blockchain. With DigiSign (like a verisign), this will impact the real estate market and set the tne for land registries, notaries and titles (small sample of use case/s).
It acts as a Cryptocurrency as well as Alt coin
You can use it as money as it is fast, safe, cheap... as a matter of fact if we think of it's lineage, we can now clearly see that BTC is Gold, LTC is Silver and DGB is Copper. Now for that "future cup of coffee use case" are you or merchants more likely to use Gold, Silver or Copper as the exchange medium, especially whenthe Copper offering will save time and money?
So why is Digibyte so inexpensive in comparison to other alts and currencies
As this crypto is already in use as both a currency and alt, with a four year track record... why is it currently only .03? For me it is great as just $100 can pick up around 3000 DGB. Now as it has taken it's time and perfected itself as opposed to hyping itself and playing catch up, this unique coin is beginning to become noticed and added to exchanges.
I think that once it hits an exchange like Coinbase, this goomer will become one of the pre-eminent cryptos in use (notice I said use). Slowly I believe this will be recognized as one of top hand full of must have cryptos... might as well start now at .03.
Closing Comment
We were all told about Bitcoin years ago but most of us did nothing. Well maybe we should not make the same mistake twice, remember 80-90% of crytpos don't even have their own blockchains and they'll fade with time, and only the legitimate UTXO blockchains (Bitcoin, Litecoin, DigiByte) will remain. Add to that DigiByte is not a company and never had a ICO, so it's never at risk of being labeled a security by the SEC...this seems to be the hot topic today and those in DGB foundations have already filed with them for that US needed clarification.
And it is so cheap today, that if you missed the original BTC train, you have another chance.
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Image Credit: digibyte
well don't know much but they have an open sourced community that work for it freely and recently they applied to get listed on binance but they the exchange was asking for fee they simply didn't listed it great project but still a long way to go for them but good thing is that the community is free to do things
I bet at some future point it will be on Coinbase... when that happens and probably before it will get the recognition and adoption.
i think it might not be possible because coinbase is very specific about coins to list on that platform
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Great post @kyusho.
Thanks for sharing this post. ☺
I am slowly seeing the real value in Digibyte, especially in comparison to BTC and LTC. Now I do like both of these and have good numbers (could always be better) of them and hold them higher regard than the rest... but as a family member and with all the vast improvements over both... I can only see that this may become my favorite. Add to that you can purchase 10,000of these for less than 300, man ho much better can you get.
Nice update @kyusho.
Upvoted & resteemed your post.
Getting better each day it is!
#kyusho what would you say about the price of dgb in near couple of months
I can only imagine it higher as all the cryptos should be... technically I do not look much to the charts as there is far too much going on. You have the worlds financial structure tearing apart, massive amounts of money are being redirected to patch holes to save banks and governments. These are the major players (I think) in the cryptos... when they need a few billion the market will drop, when they need to secure a few billion the market will rise. There is no charting this.
That said, as Digibyte is a solid, time proven and stable coin that acts as money as well as an alt, each day I think this is one coin that not only has a future... it is the future.
do you think the sbd price will rise again i near times??
I do not really know, my focus for this article is DGB.
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