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Digibyte Discussion

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by COINS NEWS 30 Views

Generally curious and open to discussion on this topic.

I would like to hear from the larger community on this subreddit, and if a mod or two would like to chime in, it would be appreciated.

Pros:

Digibyte has been around for 10+ years. It is 1 of only 6 coins to remain in the Top 1,000 in terms of Market Cap in that time frame. It has been constantly developed and has been an innovator in the space since day 1.

Was one of the first to use multi algos.

Invented Digishield (now multishield), which saved Dogecoin from destruction after the DGB dev team worked with the Doge dev team to implement Digishield after Dogecoin was completely frozen for days. This has also been implemented in blockchain giants such as ETH for its real time difficulty adjustments.

Invented Odocrypt mining algo which changes its algo regularly to prevent ASIC dominated mining.

It is 40x faster than Bitcoin and 10x faster than Litecoin.

Zero downtime ever, and the blockchain simply just works at a speed not seen by any other L1 UTXO PoW blockchains.

Very minimal (0.5%) premine all spent (.25% on Core wallet dev and .25% given to early community). No founders stash, so 100% of mined coins are dispersed fairly.

Fairly launched with a countdown timer.

Hard capped at 21 Billion, all mined by 2035. Instead of a halving every 4 years and a supply shock, devs opted for 1% monthly reduction in supply to achieve the same reduction as BTC minus the shock.

A strong and large community that has stuck with it for 3 bear cycles.

Cons:

It's founder (Jared Tate) turned out to be a real PoS depending on who you ask (most of Reddit). He came out as a huge Trump guy in 2016 and has said some outlandish stuff on Twitter that has rubbed many the wrong way.

Development has continued, but noticeably slowed in the last few years as a couple of very strong devs moved on from the project, mostly due to disagreements with Jared.

Is not listed on any major US exchanges. Mostly because there is no fund to pay listing fees or provide liquidity, plus the founder mentioned above has called out these exchanges numerous times dating back to 2015, which definitely has not helped the cause.

Discussion: So why is it ignored and even hated by so many? Is it really just the founder being a PoS? Is its technology just a thing of the past (UTXO/PoW) with only room for 1 or 2? Is there more to it than that? I'd love to hear some honest feedback.

submitted by /u/lifesabatch
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