Fight the Bears with DigiByte

103. Digibyte

By LukeWaiks | Page 2 Crypto | 4 Sep 2021


DigiByte has see price swings from $0.0014 during its inception in 2014 all the way up to $0.15 (and back down to $0.068 at present). That kind of penny stock price action is enough for any trader to ignore. Will you find this in Michael Saylor's personal portfolio? No. However, you need to stick around for their Decentralia cred.

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 It’s an open-source Litecoin clone, never an ICO was had, and the fees go totally to the network. There was a pre-mine of a whopping 0.5%. This seems to be one of the more legit early platforms that survived the ICO and Rug phase of the industry with it’s integrity intact.

A fascinating innovation is their Odocrypt algorithm, which changes itself every 10 days to prevent ASIC dominance. It also uses 5 different hashing algos, which make it a little harder to crack with quantum computers, but with a market cap of just under $1 billion, why would you even bother? They have an Android wallet and an active GitHub community. The best news is that if you want to participate, you can run a node on just about any computer.

9k Telegram joins, but this project was born on Reddit, which has daily postings (which I won't link to because that platform is bad juju). This is a cool little project with a promise of a bright future- all the blocks will be mined in 2035. Will it pump? Not sure, but 2035 is an important moment in the open-source experiment that is crypto. DigiByte will show us what happens to a coin when it is mined out. It is a 100 year forerunner of Bitcoin.

If you really want to dig into the guts of a solid crypto, you can fool around with this coin for a song and earn your own Decentralia cred.

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LukeWaiks
LukeWaiks

Freelance journalist aping into the cryptospace


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