@cryptographic,
I thought DigiByte has PoW & PoS. I think I was wrong then. Thank you for this Litmus test. It covered a lot about what I didnt know DigiByte.
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@cryptographic,
I thought DigiByte has PoW & PoS. I think I was wrong then. Thank you for this Litmus test. It covered a lot about what I didnt know DigiByte.
Cheers~
So what is the real use of DGB ?
Exactly the same as Bitcoin's, as described here.
Both are UTXO crypto, and both are designed for the same purpose and use, but DGB is 40 times faster, even safer than BTC, and much cheaper to use. It solves the problems mentioned in this post from @themarkymark yesterday (where I also comment on DGB a couple of times): https://hive.blog/hive-167922/@themarkymark/why-i-can-t-stand-using-ethereum
With a 1000:1 ratio to BTC, I think it will become the little guy's everyday cryptocurrency.
And they've built additional functionality on top too (as I mention in the body of the post).
Tens of thousands use it daily already, and millions of dollars' worth are traded every day. https://coinmarketcap.com/currencies/digibyte/markets/
Might be a dumb question, but what does POW stand for? I keep thinking prisoner of war, but that obviously isn't it.
https://en.wikipedia.org/wiki/Proof_of_work
https://parler.com/post/594e09ac198a4725875b9e390fa4e0e4
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