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  • Majestic Jay

Digibyte is the most Decentralized Cryptocurrency in existence.

Updated: Mar 8, 2022

Most people that are invested in Crypto think that Bitcoin is the most Decentralized Cryptocurrency. This is simply not true. Digibyte (DGB) is the most decentralized UTXO blockchain in existence. This needs to be addressed because Decentralization is the most important aspect of a blockchain. Like Bitcoin, Digibyte has no person, company, or nation behind it, no single entity deciding things. This is why people consider both to be the future of money that will be used all over the world. Both Bitcoin and Digibyte are limited and are global monetary systems that are decentralized at their core. But again Digibyte is even more decentralized than Bitcoin. Digibyte was created in 2013 and introduced to the market in early 2014. With an ability to process 1,066 on-chain transactions per second, DigiByte has surpassed long-standing blockchain platforms like Bitcoin and Ethereum. It is 40 times faster than Bitcoin. Originally, Digibyte launched as a single proof-of-work algorithm but afterwards forked into five proof-of-work algorithms. This includes the following algorithms:

  1. SHA256

  2. Scrypt

  3. Skein

  4. Qubit

  5. Odocrypt

Adding to the decentralization, the DGB team created the world’s first rebalancing technology. Named Multishield, it adjusts mining difficulty to prevent any one algorithm from dominating.

If you would like to learn how to buy Digibyte click here.

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