Difference between revisions of "DigiByte vs Bitcoin"
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(Created page with " *Security: 5 DigiByte mining algorithms vs. 1 Bitcoin mining algorithm. DigiByte mining is much more decentralized. DigiByte mining algorithms can be changed out in the futur...") |
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| − | *Security: 5 DigiByte mining algorithms vs. 1 Bitcoin mining algorithm. DigiByte mining is much more decentralized. DigiByte mining algorithms can be changed out in the future to prevent centralization. | + | * Security: 5 DigiByte mining algorithms vs. 1 Bitcoin mining algorithm. DigiByte mining is much more decentralized. DigiByte mining algorithms can be changed out in the future to prevent centralization. [https://medium.com/@josiah_digibyte/an-updated-mining-comparison-for-2020-admist-51-attack-accusations-4c715bfd9ac5 Side-by-side comparison decentralization of mining] of Bitcoin vs Litecoin vs DigiByte. |
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| − | *Speed: DigiByte transactions occur much faster than Bitcoin transactions. 1-2 second transaction notifications. 15 second DigiByte blocks vs. 10 minute Bitcoin blocks. DigiByte has 6x block confirmations 1.5 minutes vs. 1 hour with Bitcoin. | + | * Speed: DigiByte transactions occur much faster than Bitcoin transactions. 1-2 second transaction notifications. 15 second DigiByte blocks vs. 10 minute Bitcoin blocks. DigiByte has 6x block confirmations 1.5 minutes vs. 1 hour with Bitcoin. |
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| − | *Transaction Volume: DigiByte can handle many more transactions per second. Bitcoin can only handle 3-7 | + | * Transaction Volume: DigiByte can handle many more transactions per second. Bitcoin can only handle 3-7<span class="mw_htmlentity"></span>transactions per second. DigiByte currently can handle 560+ transactions per second. The 2015 DigiSpeed hardfork introduced changes that double the capacity of the network every two years. |
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| − | *Total Supply: More DigiBytes, lower price, more micro transactions, better price stability. 21 Billion DigiBytes will be created over 21 years. Only 21 Million Bitcoin will be created over 140 years. 1:1000 ratio. 1 DigiByte for every 1000 Bitcoin. | + | * Total Supply: More DigiBytes, lower price, more micro transactions, better price stability. 21 Billion DigiBytes will be created over 21 years. Only 21 Million Bitcoin will be created over 140 years. 1:1000 ratio. 1 DigiByte for every 1000 Bitcoin. |
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| − | *Flexibility: Ability to quickly add new features. DigiByte can add new features & upgrades much quicker than Bitcoin. Future DigiByte upgrades will push transaction limit to several hundred thousand per second. | + | * Flexibility: Ability to quickly add new features. DigiByte can add new features & upgrades much quicker than Bitcoin. Future DigiByte upgrades will push transaction limit to several hundred thousand per second. |
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| − | *Marketability & Usability: DigiByte is an easy brand to market to consumers. DigiBytes are much cheaper to acquire. | + | * Marketability & Usability: DigiByte is an easy brand to market to consumers. DigiBytes are much cheaper to acquire. |
Revision as of 07:23, 13 June 2020
- Security: 5 DigiByte mining algorithms vs. 1 Bitcoin mining algorithm. DigiByte mining is much more decentralized. DigiByte mining algorithms can be changed out in the future to prevent centralization. Side-by-side comparison decentralization of mining of Bitcoin vs Litecoin vs DigiByte.
- Speed: DigiByte transactions occur much faster than Bitcoin transactions. 1-2 second transaction notifications. 15 second DigiByte blocks vs. 10 minute Bitcoin blocks. DigiByte has 6x block confirmations 1.5 minutes vs. 1 hour with Bitcoin.
- Transaction Volume: DigiByte can handle many more transactions per second. Bitcoin can only handle 3-7transactions per second. DigiByte currently can handle 560+ transactions per second. The 2015 DigiSpeed hardfork introduced changes that double the capacity of the network every two years.
- Total Supply: More DigiBytes, lower price, more micro transactions, better price stability. 21 Billion DigiBytes will be created over 21 years. Only 21 Million Bitcoin will be created over 140 years. 1:1000 ratio. 1 DigiByte for every 1000 Bitcoin.
- Flexibility: Ability to quickly add new features. DigiByte can add new features & upgrades much quicker than Bitcoin. Future DigiByte upgrades will push transaction limit to several hundred thousand per second.
- Marketability & Usability: DigiByte is an easy brand to market to consumers. DigiBytes are much cheaper to acquire.
