One thing is for sure, blockchain technology is slowly but steadily approaching mass adoption, and there are a plethora of cryptocurrencies still coming up. For decentralized blockchains, DigiByte (DGB) is by far leading the line.
There are several great coins which tend not to get a clear recognition they deserve, and one of them is DigiByte (DGB). Founded in 2014, DGB is a mineable cryptocurrency which claims to be the fastest as well as safest coin across the globe.
The First UTXO Breaking Records
DigiByte, as one of the Unspent Transaction Outputs (UTXO), is making a continuous upward trajectory breaking records along its way. Today, it’s pleasant air all over as DigiByte has become the first UTXO blockchain to go beyond 9,000,000 blocks.
Just to point out to anyone is new to blockchain and trying to understand why more blocks is so valuable. Simply means that 9 millions blocks with #DigiByte, increases the security, reliability and rigidity of the blockchain. Also, this proves how scaling issues has been handled.
— DigiByteTV (@DigiByteTV) July 3, 2019
It’s a milestone that admittedly might take centuries to be reached. With the rapid growth of cryptocurrency and blockchain technology, DGB is poised to sooner or later go past the 10 million mark.
But what makes DigiByte worth watching?
DGB is essentially a public, fast-growing as well as highly decentralized blockchain. The digital assets can’t be counterfeited, destroyed, or even hacked, and hence, they are perfect for protecting objects of value such as currency, property, critical digital data, or information.
Also, their transaction speed is undoubtedly unparalleled. DigiByte is like 40 times faster compared to Bitcoin and ten times than Litecoin. Some coins might be faster (like Ripple’s XRP) but it goes down to the question of how many of those are mineable.
Currently, DigiByte scales on a chain starting from 560 transactions per second and is looking to raise that to more than 250,000 transactions per second by 2035.
DigiByte has amassed more than 15,000 Nodes, and as we write this, it’s used in more than 80 countries across the world and growing. With the Odocrypt update expected later this month that will introduce Odocrypt mining algorithm, DGB is placed to break more ahead of the pack. Nevertheless, it seems, people interested in cryptocurrencies don’t have to miss out on the future of the distributed digital assets such as DigiByte.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.