Why DigiByte is a Long Haul Coin. Haters Gonna Hate

DigiByte took the exchanges by storm over the last month as it saw an insane amount of growth in a very short period of time. People who got in late suffered but those who were early are still observing substantial profits. Any time DigiByte comes up there is always at least one person who spouts off about it being a pump and dump scam, or how DigiByte has nothing to offer. Assertions without evidence are just that... assertions. Any statement made without evidence can be dismissed without evidence. So let us take a moment to see why DigiByte is a crypto that may be worth investing in for the long haul.

DigiByte has been innovative since it first made waves in the market in 2014 with the release of DigiShield. DigiByte created DigiShield after observing the threat that multi-pools pose to a currency when they start mining a coin at a very low difficulty in relation to the net pool hash. This allows many coins to be quickly and easily mined before the difficulty increases. Once the difficulty increases the multi-pool leaves a coin, dumps the coins on the market, and then leaves the dedicated existing miners with a very high difficulty and few new coins to be mined. This leads to a collapse in price and the committed community members and miners of the affected coin left holding ones and zeros worth little to nothing. DigiShield protected DigiByte against this threat and helped ensure greater confidence in any coin that implements it by allowing the difficulty to rise and fall almost perfectly in sync with increases or decreases in the net hash of a coin. DigiShield re-targets a coin’s difficulty to protect against multi-pools and an over-inflation of easily mined new coins. DigiShield was originally developed for DigiByte but was implemented into Dogecoin and others. DigiShield re-targets a coin’s difficulty between every block.

In September of 2014 DigiByte became the first cryptocurrency to successfully deploy a MultiAlgo allowing miners to mine on five different mining algorithms. Shortly after DigiByte had expanded its highly successful DigiShield to all five mining algorithms. Then you have DigiHash Easy Mining for beginners, DigiSpeed which cut transaction speeds from 30 seconds to 15 seconds outpacing Visa, DigiGaming which integrated the coin into the gaming world through Chrome and Android extensions. Oh and we can't forget DiguSign!

DiguSign is huge and its application in the healthcare industry alone has major implications. Think of being able to secure and notarize any document in the blockchain, validate any contract in the blockchain and all with complete transparency in a decentralized system. This can and will be applied to not only healthcare, but legal, real estate, insurance, financial services, trade and government. This reduces regulatory costs, improves security and management of data, improves oversight, as well as potential uses that haven't even been thought of yet.

So, all the haters can keep right on hating. While DigiByte has seen a lot of hype lately, there are good reasons as to why. The dev team is on point and continuing to innovate.

Thank you for taking the time to read this masterpiece. If you would like more useless data points then give me a follow and check out my other ramblings.