Digibyte RoadMap as July Ends
Digibyte has seen 112% increase since past one week. The tech behind Digibyte is fantastic and the tech team is actually building among the best tech in cryptocurrency although they are not so much good with the marketing which mainly concerntrate by the other cryptocurrency. Today an announcement was made.
Monday, July 24th, 2017 DigiByte Update Summary
A very talented designer & brand strategist has been working diligently on a new DigiByte Logo & branding message the past several weeks. We are getting closer to sharing parts of this with the community.
We are approaching 70,000 downloads of the full DigiByte core v6.14.2 wallet since the May release.
With many exchanges slowing or stopping BTC deposits & withdrawals as we approach the August 1st deadline, many people are turning to DGB to move money from exchange to exchange quickly.
DigiByte is still 40x faster with 15-second blocks, 5 times more decentralized and secure with 5-algo, multi-algo mining and many more times decentralized with 70,000 + full nodes across the globe.
DigiByte is currently the fastest, most secure and most decentralized UTXO based blockchain in the world.
The Hong Kong team continues to work toward an MVP release of DiguSign as much feedback from the community has been very helpful in streamlining the project.
Citi bank has announced the Tech4Integrity awards have been postponed until September. DGB Holdings of HK is very much still in the running.
Jared has been actively researching open source software foundation structures and researching locations for the upcoming DigiByte Foundation to be based in. Any suggestions or feedback during this process is much appreciated. It will take a few months to properly setup a foundation in the right location.
Jared met with one of the blocknet co-founders to get DigiByte on one of the worlds first decentralized exchanges. More news will be coming on this.
As a reminder always properly backup your DigiByte wallet and make sure to research and fully understand DGB before investing or trading. Trading can be risky and very volatile.
No one on the DigiByte team will answer any price speculation questions or make any market predictions so please do not ask us.
As stated, many many times over the last 3.5 years we are in this for the long haul. We are focused on creating real world DigiByte blockchain applications and use cases.
Make sure to share this alerts channel with everyone you know as this is the most direct communication form available for DGB today.
Thank you all for your continued support!
Digisheild has been implemented many altcoins
Divo Cooga:
Divo Cooga:
DigiShield is a difficulty readjustment algorithm originally developed for DigiByte.
who is use digishield in other blockchains?
dogecoin
On March 12, 2014, version 1.6 of the Dogecoin client was announced. Along with allowing for there to be a fixed reward per block, the new client update also introduced a new difficulty algorithm called DigiShield. The main goal of the new difficulty algorithm, adopted from the Digibyte altcoin, was to prevent multipools from being able to mine (and thereby profit) off the coin, reducing the price of the coin drastically, along with forcing single-coin miners to deal with the rise in difficulty the pools left in their wake. Thanks to the algorithm's near-instant change in difficulty, any multipool entering the Dogecoin network will immediately leave, as the difficulty of mining will spike upwards severely, causing a drop in profitability and, ultimately, an absence of multipools.
https://en.wikipedia.org/wiki/Dogecoin
Zcash
The difficulty adjustment has been changed to one based on DigiShield v3/v4
https://z.cash/blog/new-alpha-release-faster-block-times.html
Ubiq - Smart Contracts
We have ported Digibyte's Digishield v3 difficulty adjustment algorithm to an Ethereum code base, the same difficulty algorithm recently chosen by the Zcash development team.
The new codebase allows for difficulty retargeting every 88 second block using the Digishield algorithm. This reacts to changes in hashrate each block to increase difficulty and increase attack costs for miners.
https://steemit.com/mining/@blocktalk/ann-ubq-ubiq-smart-contracts-for-an-automated-world
MonaCoin
Algorithm: Scrypt
Premine: none
Block reward: 50 MONA
Block time: 1.5 minutes
Retarget: 1 block (DigiShield difficulty algorithm. Hard Fork at block 140000)
Totalcoins: 105,120,000 MONA
https://www.payservices.com/commands_anonymous.php?show=currencyInfo¤cyCode=MONA
smartcoin
PoW Algorithm: Scrypt
Block Interval: 30 seconds
(before block 200,000 40 seconds)
Difficulty Retarget: Every Block (Digishield)
https://bitcointalk.org/index.php?topic=555426.0
casinocoin
scrypt proof-of-work algorithm
30 second block time targets
~63 million total coins
new digishield difficulty retargetting system (from block 445000)
50 coins per block, permanent reduction to 1 coins per block after block 1750000
fair launch, absolutely no premine
https://github.com/casinocoin/casinocoin
NautilusCoin
Nautiluscoin uses DigiShield, an innovative anti-multipool mechanism. Multipool is a mining method that is used to mine coins at a very low difficulty in relation to their net pool hash. This allows many coins to be quickly and easily mined before the difficulty increases. Once the difficulty increases, the multipool miners dump the coins on the market and go aay, and, as the result, the righteous miners are left with a very high difficulty and very few new minable coins. This causes a drop in price and frustration among the committed community members & miners. DigiShield protects the system against multipool mining and ensures greater confidence in the coin
https://www.okchanger.com/cryptocurrencies/nautiluscoin
StartCOIN
StartCOIN is a digital currency harnessing the X11 proof-of-work algorithm. Using the DigiShield retargeting algorithm; automatic checkpointing to improve network security and stop 51% attacks from occurring along with tried and tested technologies, currently used by other digital currencies such as Bitcoin.
https://startcoin.org/
And many others
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Good post. I fully understand what you're talking about. The future is in blockchain. Crypto prices might be inflated now but the market will find it's way just like it did with the Internet boom. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). I found this amazing platform: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. For example: https://www.coincheckup.com/coins/DigiByte#analysis For the DigiByte Report.
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