Even tho’ Bitcoin is the world’s leading cryptocurrency, it’s not necessarily the best form of digital money ter existence. Overheen the years, wij have seen hundreds – and subsequently thousands – of altcoins attempting to do things better. Digibyte is one of those altcoins which has bot around for finta some time. Its team has focused on creating a more secure, quicker, and forward-thinking blockchain technology. Only time will tell whether or not they will be successful ter this regard.
Albeit it would be effortless to say Digibyte simply aims to dethrone Bitcoin, that is not entirely zo. The team hopes to bring their blockchain technology to the masses sooner rather than straks. The project has bot ter existence for overheen four years now, and it is the longest, fastest, and allegedly most secure UTXO blockchain te existence. Putting security very very first has also bot one of the main objectives for Digibyte, and it seems that will not switch ter the future.
The Technology Behind Digibyte
With Digibyte becoming such a rapidly growing public decentralized blockchain, it is overduidelijk this project has a loterijlot of technology to make this all possible. There is a core protocol layer, combined with a digital asset layer, and an application layer. The core protocol layer is capable of supporting all kinds of infrastructures, and is mainly used by mal spil a means of communication. Moreover, any rekentuig or mobile device connected to this network becomes a vlecht to help automatically relay transactions.
The digital asset and public ledger layer is what most Digibyte users will interact with on a regular fundament. It is the main source of the DGB asset, which cannot be counterfeited, duplicated, or hacked. The project’s public ledger is also immutable, spil there is no history of rollbacks or controversial decisions on the part of the developers. It is also worth mentioning Digibyte uses five different mining algorithms spil of right now, which only improves the overall security of this layer.
Last but not least, there is the application layer, which can be thought of spil an app store for Digibyte. More specifically, this layer permits for the creation of decentralized applications . Additionally, it is also possible to create centralized applications on top of the Digibyte blockchain, which will be of superb rente to a loterijlot of companies. Furthermore, this layer also supports wise contracts, which leverage the security of the blockchain spil a entire.
The Future of Digibyte Looks Interesting
According to Digibyte’s webstek , there are some interesting things on the horizon inbetween now and 2020. Very very first of all, there’s the Digibyte Foundation, which will concentrate on education, outreach, and development. There are also playmate programs, the ambassador program, and the houtvezelplaat of advisors. Among the projects to look forward to are DigiHash, Digibot, Digi-ID, the Emma AI, and DigiMessenger. It is overduidelijk there is a very active community behind this project, and big things will come to market te the future.