This week bitcoin gold was hit with a 51% attacked, causing a market wide drop. This attack came after a similar attack on Verge (XVG) a few days earlier. This sparked a debate on, which coins are safest from such attacks. One of those who contributed to this debate is Charles Lee, who argued that multi-Algo mining is part of what caused this vulnerability. Charles Lee took to twitter and stated that
However, it turns out he was wrong. The reason why a multi-Algo blockchain like Verge was successfully attacked is not because they are multi algorithm, but because they had not implemented dark gravity well (DGW), an algorithm that adjusts difficulty. This makes a 51% attack virtually impossible. With this technology, someone would need to take control of 93% of one mining algorithm, and 51% of the rest. This requires lots of hashing power that is not just impossible, but also extremely expensive to even try.
That’s why digibyte (DGB), can be termed as one of the most secure blockchains in the market. It not only uses 5 mining algorithms, it also makes use a technology known as Digi shield. DigiShield is designed to curtail one algorithm from mining 5 blocks in a row, in a scenario where the attacker tries to overrun the blockchain, which is what happened to Verge (XVG). In essence, thanks to DigiShield, Digibyte is actually safer than even Litecoin, which according to the Digibyte founder, can be attacked by hash a rate fluctuation attack.
Basically, what this means is that for someone looking to invest in a cypto that is 100% secure, then Digibyte is the coin to go for. It is so secure that its technology, DigiShield is also used by other cryptos too, to enhance their security. For instance, ZCash makes use of DigiShield.
So why is Digibyte (DGB) not hitting the headlines yet, given its strong fundamentals? Well, that’s partly because the digibyte team is focused more on building a perfect system, than in the hype. It’s more like the real estate strategy of build it, they will come. This seems to be working quite well, given the increased press that Digibyte is receiving for its fast speeds, low transaction costs and next-level security features.
This publicity is likely to increase now that top crypto influencers are putting more spotlight on Digibyte. For instance, yesterday, Travis Wright, an influencer with more than 200k followers on twitter called on Digibyte founder, Jared to schedule an interview.
The Digibyte community is very excited that this interview will happen. Once it goes through, more people will get to know about Digibyte, and drive in more investors. Digibyte is simply unrivalled in terms of its technical capabilities, and once it starts getting publicity, it will explode in value.
For someone looking for a good long-term investment, digibyte is one of the coins to go for. With all these ongoing attacks on blockchains, it won’t take long before the masses start looking for the most secure ones, and digibyte (DGB) will be one of those that emerge shining.