Upcoming cryptocoin: DigiByte!
ABOUT:
What is DigiByte?
DigiByte (DGB) is a rapidly growing worldwide decentralized payment network & digital currency, inspired by Bitcoin. DigiByte allows you to move money over the internet similar to PayPal & Western Union but with many improvements, including lightning fast transactions with minimal or no fees. You send & receive DigiBytes to or from any DigiByte address in the world in a matter of seconds with no required sign up, registration, or hidden fees.
Mission statement
The mission of DigiByte is to bring the benefits of digital currency payment technology to merchants, consumers, & mainstream societies across the globe in the most easy to understand way possible.
Vission statement
We envision DigiByte becoming a decentralized payment network & digital currency used by millions of people across the planet to quickly & easily buy and sell good & services over the internet, in store, or person-to-person with little to no fees.
Core pillars
Absolute Security: Our number one priority will now and forever be network and user security.
Speedy Transactions: We strive to create the fastest possible decentralized transactions.
Worldwide Decentralization: Keep the network open, transparent and accessible at all times.
Ease of Use: Allow anyone to use and benefit from DigiByte in an easy to understand manner.
Flexible Innovation: Quickly improve, adapt and innovate as new technology and threats arise.
Key terms
DigiByte: Refers to the entire DigiByte network or a single monetary unit on the payment network. 21 billion DigiBytes will be created over 21 years.
Block: A grouping of all transactions sent over the DigiByte network within a 30 second time frame. Think of a block as an excel spreadsheet that lists the address location of all DigiBytes at a given point in time in history. New DigiBytes are brought into circulation as each block is discovered on the network through a process called mining.
Mining: Mining is how transactions are processed on the network. Anyone can become a miner by donating and using their desktop, laptop or mobile phone computing power to help process transactions on the DigiByte network. DigiByte has made this process even easier with our 3 click mining software for beginners.
Blockchain: The DigiByte blockchain is the entire history of all blocks discovered on the network & therefore all transactions made on the network. Each block references the proceeding block all the way back to the beginning of the network to what is known as the genesis block. By linking blocks (spreadsheets) together an accurate, secure accounting of all up to date DigiByte ownership is made by decentralized consensus.
FEATURES:
- Advanced scalability, speed & multi-algo mining.
- Innovative FinTech applications and technology.
- Powering blockchain enabled global IoT devices.
- Leading the next wave of Cybersecurity innovation.
- Securing & validating blockchain notarized documents.
- Providing trust, transparency and security to global trade.
USEFUL LINKS:
This post is a perfect example of how we should be talking to people out there not familiar with crypto currency. I found this to be very accessible information that anyone could understand. Bravo!
Thank you! This is my first Story on SteemIt, and it's great to get replies like this! I will try to post as much as possible in this style so everyone can understand it :)
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