DGB vs BTC
Many people think bitcoin is the most decentralized blockchain ledger, that’s a comen misconception. It’s not the most decentralized blockchain, that would be DigiByte (DGB).
DGB is simply the longest & most decentralized UTXO Blockchain in existence, and with a fixed market cap of 21 Billion Coins, it’s not hard to see the appeal the altcoin brings to the market.
At the time of this article, DGB is roughly 0.025 USD with an all-time high early last year in 2021 peaking at 0.18 USD. Up today 8.87% as expected signifying a great start to the opening of alt season. To see the potential DGB offers let’s do some math & comparison.
At the moment DGB is capable of processing transactions at 15 seconds and verifying across all nodes within three minutes, versus its competitor bitcoin which takes 10 minutes to record a transaction, and as long as 24 hours for full node verification within some platforms such as cash app. Now it Has to be mentioned bitcoin has recently added The lightning network which in theory Will allow higher charges for transaction fees to incentivize nodes to process transactions quicker than other transactions in line to be processed, these ledgers are limited to a specific speed at which you can notate transactions this is done for security within BTC.
DigiByte is more secure than Bitcoin due to the fact while bitcoin utilizes a single hash function for transaction processing DigiByte uses five separate hash functions simultaneously on their network allowing for faster and a higher count of transactions.
DigiByte is also credited for developing and implementing Digi Shield you may remember how bitcoin implemented this code into their Networks shortly after the installation on the dogecoin network back in 2015 when Dogecoin was having block freezing problems. Digi shield increased the security and speed of the BTC network but couldn’t solve the scalability factor. This is where Digibyte comes in for the win in addition to its fixed market cap The last DigiByte is expected to be mined in 2035 with roughly 800 million available coins we’re expecting to see DigiByte increase in value, especially with the recent development in NFT & Web3 ecosystems, in comparison to the ether from the Ethereum Blockchain did you buy offers a cheaper and faster alternative to NFT development and implication. The current problem with DigiByte is the lack of marketing, if there’s no funding The conversation no one wants to talk about it. This has left digibyte in the shadows, A sleeping giant catching the eye of a few major corporations such as late 2021 Lulu Group International. For the uninitiated, LuLu Group International operates a chain of hypermarkets with more than 57,000 employees and over 215 stores across various geographical locations, including the United States, Europe, and Africa.