DigiByte

Reasons to Buy DigiByte

• It has a market cap of more than $1 billion.
• Mining DGB is easier and safer.
• It can process up to 560 transactions per second.
• It provides more security and censorship than other cryptocurrencies.
• It has a maximum supply of 21 billion DGB.

Digibyte is an open-source, decentralized blockchain network launched in January 2014. It is a volunteer-based project and has no CEO to handle it.

It was launched with the aim to outcast the crypto giants in the market like Ripple in terms of security, speed, and scalability. The network can be split into three layers viz Application Layer,  Consensus Layer, and Network Layer aiding it to accomplish its ambitious purpose. Not only is Digibyte a faster cryptocurrency, but it can be used for smart contracts, digital assets, and decentralized applications. The platform was launched as Bitcoin’s fork and has never been funded through an ICO(Initial Coin Offering).

Digibyte has its official utility token as DGB that is used as a way of granting purposes.

Things to consider before buying DigiByte

• Digibyte is an open-source platform, so anyone can see through its code.
• The platform is built on five cryptographic algorithms that provide more security.
• Digibyte has a solid panel of great minds, including the founder, the co-founders, and the developers.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.