DigiByte

Key Technical Advantages:

MultiAlgo Mining: Unlike many other blockchains that use a single mining algorithm, DigiByte utilizes five different algorithms to mine new blocks and introduce new coins into circulation. This approach improves network security and helps prevent any potential "rented hash power" attacks. Scalability: DigiByte focuses heavily on on-chain scalability. This means it aims to handle a large number of transactions directly on its blockchain, instead of relying primarily on "second layer" solutions. This, along with the use of SegWit and OP_codes, allows for a variety of use cases, including distributed applications (DApps), document notarization/validation, and asset digitization. Speed and Security: DigiByte aims to be faster and more secure than other UTXO (Unspent Transaction Output) blockchains. With a block timing of 15 seconds, it is significantly faster than many other blockchains. It was also the first major blockchain to adopt the SegWit protocol through a soft-fork consensus in 2017. DigiShield and MultiShield: These are DigiByte's real-time difficulty adjustment mechanisms, ensuring the stability of block generation timing, even with significant fluctuations in mining hash power. These features have been adopted by many other major cryptocurrency/blockchain projects. Decentralization and Consensus: DigiByte is a decentralized Proof-of-Work-mined blockchain with no central controlling authority. Its consensus mechanism relies on a distributed network of nodes running the Core DigiByte wallet, along with block creation via Proof-of-Work mining. Its commitment to decentralization is key to its global distribution and security. Content summarized by AI chatbot

Source:

https://www.digibyte.org/docs/infopaper.pdf