We are pleased to announce our next AMA on September 12th 2020 at 10:00 AM UTC Time: Satoshi Club x Digibyte
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Digibyte Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Digibyte Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Digibyte
For more details:
Digibyte – @DigiByteCoin
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Speed of the DigiByte blockchain and how is the DigiByte blockchain secured?
DigiAssets is a fairly new development on DigiByte. Can you explain what DigiAssets is?
In my opinion, both Bitcoin and Digibyte works on same solution! Decentralized payments ! So what’s the difference between Bitcoin and Digibyte?
Digibyte project uses 5 Mining Algorithms.. But Why ? Why Digibyte use 5 Algorithms rather than single algorithms ?
How is DigiByte going to achieve this? have you any plans to reach worldwide attention to DigiByte Blockchain?
What are the topmost utilities of DGB token in DigiByte ecosystem? Which types of more utilities you’ve planned to add?
What are the main applications of DigiByte??And what Digi-ID is and why it is important?
The DigiByte project is one of the oldest in the blockchain field. Are there any decisions on the way of the project development that now seem to you to be wrong?
Is DigiByte planning to switch from Proof of Work to Proof of Stake in the future?
Do you have a mobile wallet app? Where can I download it? Are there any differences from your other wallets?
how does the team keep digibyte relevant in the current situation where Defi is the hype now? How much is allocated as development fund and how much has been disbursed so far?
Digibyte Uses 5 cryptographic algorithms
Sha256, Scrypt, Skein, Qubit and Odocrypt. does this not make running the network quite difficult, complex and expensive how then do you overcome such challenges
All 21 billion DigiByte will be mined by the year 2035. After 2035 the miners will then rely on transaction fees alone…will this not lead to increase in transaction fees looking at the fact that digibyte is using a proof of work consensus…what impact do you think this will have on the transaction fees of DGB
Digibyte once had a peak Market cap of about $1.3B but currently has a market cap of around $290M what was it that caused such a huge drop in market cap for digibyte was there any significant events that led to this or it was just market conditions
• With Digi-ID I can protect my information more easily than with current passwords. Do you think people are ready for this change? What are the advantages of using Digi-ID instead of a password?
• DigiByte did not conduct any ICO or similar fundraising in its early days. Do you think this has affected the development of this blockchain? What are the advantages of being a project that has grown completely thanks to the community?
• Do you think we could see Digibyte as one of the world’s leading blockchains? How do you plan to achieve these goals? Do you plan to embrace the DeFi world with Digibyte as well?
DigiByte has the most active community on social media. What is the greatest satisfaction that your community has given you? How important is the community to you?
DigiByte has been around for 6 years already. How did you manage to survive within those years? What are the strengths DigiByte has that others don’t possess?
By using Digi-ID, what difference will it make and how does it differ with other security features like passwords, seed phrase, and 2FA? How safe is it as compared with the abovementioned security features?
According to the information I found and read from you, you think all 21 billion of your coins will be mined by 2035 if the market expands and the more people get involved in the projects. like yours. So do you have any plans to change to add other types of coins to your project to meet the amount of coins of the user?
Please present to us the features of the Digibyte blockchain. The number of tokens, transactions, algorithms and so on
I once read the sentence “DGB is the longest uxto blockchain”
What is the meaning of the longest uxto blockchain?
Digibyte seems a promising project, but why not release a whitepaper?
What are some of the major achievements that the DGB project has achieved and what milestones are planned in the upcoming months/years?
Where can we find more information on the DigiByte Wallets and the third party wallets that support DigiByte?
Long STANDING , established PROJECTS are struggling with their CAPITAL and VALUATIONS . Don’t you FORESEE a situation where Digibyte will face the same too ?
DigiByte is 40x faster than Bitcoin & 10x Faster than Litecoin. My question IS IT SECURE & SAFEST THAN BITCOIN ? if it is than how & please explain?
DigiByte already set itself apart with many blockchains such as DigiShield guard, SegWit, DigiAssets etc. Does this experiment worth actually? Why this changing?
Checking the website, I found that DigiByte uses five proof of work algorithms for security. My question is How this algorithms work? What is the benefit of this algorithms over others?
How does the DigiShield shield protect the blockchain and infrastructure against multiple pools?
How does the DigiShield shield calculate block difficulty between each block?
In my opinion, both Bitcoin and Digibyte works on same solution! Decenralized payments ! So whats the difference between Bitcoin and Digibyte ?
Considering that the DigiByte project started 6 years ago, do you think they have lagged behind in terms of technology? Or have they been able to keep up with the evolution of the economies of the crypto world?
Can you explain about True UTXO Blockchain & whats the main benefits of UTXO Blockchains? Why UTXO are better than POS, Hybrid or Private Blockchains as they are also performing well! & Whats the reason behind choosing UTXO for Digibyte?
Most of investor just focus on the price of token in short term instead of real value of project. Can you (as #DigiByte Team) tell us the motivation and benefits for investors to long term?
DigiByte has up to 5 types of mining algorithms: SHA256, Scrypt, Myr-Groestl, Skein & Qubit, what is the difference between 5 types mining?
Adoption is DIGIBYTE of the important factors that all projects need to focus on to become more attractive to investors. So, what is DIGIBYTE ‘s plan to adopt more Adoption?
On moving forward through your roadmap, what are your most important next priorities? Does DIGIBYTE team have enough fundamental ( Funds, Community, ect ) to achieve those milestones?
This is the year of DeFi. What has DigiByte done in this regard?
Do you think that Decentralized Finance (DeFi) will disrupt the existing financial systems?
What is the unification approach towards the DeFi sector?
You have recently become a partner of Threefold! What have you achieved after this association?
Do you plan to get more partners in the future? Are alliances a fundamental part of DigiByte?
If someone wants to become part of the Digibyte movement and communities, what would be the best way to do so?
How does Digibyte work to prevent malicious mining centralization and processing power fluctuations?
How does the DigiShield shield protect the blockchain and infrastructure against multiple pools?
How does the DigiShield shield calculate block difficulty between each block?
DigiByte is one of the first coins on the market. Now there are already more than 2000 coins, which have become faster, more technologically advanced, ambitious. Do you feel growing competition?
TPS (transactions per second) on the Visa network is 2,500-4,000 on average, and its maximum may reach 24,000. With several thousand TPS, it is enough for mass adoption. Is it meaningful to have millions or even a billion TPS, as proposed by #Digibyte ?
What types of benefits does PoW (Proof-Of-Work) offer to DigiByte compared to others? why did you choose PoW instead of others like DPoS, EPoS etc.?
What is the Primary Reason in Creating your Digibyte DIGI-Assets?
Do you plan to enter the NFT markets like enjin and ETH or WAX. io?
DigiByte has Dandelion privacy. What are the advantages compared to zk-SNARK and Mimblewimble?
When will corporations stop being afraid to use blockchain? What does DigiByte for the mass distribution of this technology?
Who are your main customers – these are businesses or large enterprises? How to explain to an ordinary person what is unique in Digibyte and why it is worth investing in it?
Harding, layered, and cross-chain are the three future solutions for high-performance blockchains. DIGIBYTE is currently at which direction? And what are the main reasons for taking this direction?
In the bad situation of the Covid-19 epidemic, every industry was heavily affected.
Does it affect on the growth of Digibyte Team and its progress??
What are your plans to turn challenges into opportunities for Digibyte?
What is the current use of the Digi-ID product? What are the benefits of Digi-ID over existing online digital identification systems, such as Ontology ID?
Will Digibyte technology be in demand when Bitcoin solves the problem of transaction speed with the help of the Lightning Network and Ethereum switches to POS?
How did you create the infrastructure that allows you to make Digibyte blocks 10 times faster than Bitcoin and Litecoin?
Can block formation rate slow down according to some factors? Can cyber attacks have an impact on block production?
What’s the key contribution of DigiByte to the mainstream adoption of digital payments? Are there any current initiatives in regards to possible partnerships/ applications being placed on the DigiByte Blockchain?
About the DigiByte Foundation started last year, what’s the purpose of it?
DigiAssets is a fairly new development on DigiByte.
Can you explain what DigiAssets is?
Can you explain what Digi-ID is and why it is important?
What features do you intend to implement in $DGB (e.g.: utility feaures; means of payment) in order to maintain long-term interest on the project/token?
Invention of new coin is not a solution of all problems was faced by customers.When it will sucess then it will solve the problems of before technology. So what is the solution of $DGB to solve that?
what are the three keywords you would use to summarize Digibyte’s achievements in the first three quarters of 2020? Could you explain the three keywords one by one?
Why does Digibyte uses 5 cryptographic algorithms in the network? Can you briefly explain what are those 5 and its uses?How it brings security and safety in the ecosystem?
DigiByte blocks occur very 15 seconds which is 40x times faster than Bitcoin. How does DigiByte achieve this speed? Which mechanism does DigiByte use?
DigiByte has never been funded through an ICO. What is the reason for that?
What does each of the three layers of DigiByte consist of? What is the main function of each of them?
According to your website,everyone that is working on the DigiByte blockchain is an unpaid volunteer who devoted their time and skills to a project they believe in. How intriguing is it, and how possible is it as if we know that no more free in this world? Do you have any deal with the developer while working with Digibyte? Is this still ongoing until?
Can non-developers easily issue DigiAsset as well? Or is it mandatory to have technical knowledge about the protocol?
How can we start contributing to the DGB development?
Digibyte is already established and stayed in the market for such a long time. For over 6 years in the market, I know that you also gone through ups and downs . How did you manage to overcome all those difficulties you have encountered,what is your inspiration and motivation? Can you share some secret of success for sustaining in this huge and complicated market with many competitors existing?
The digibyte secure authentication system which is DIGI – ID is a very interesting product, can you explain more about it and how it rivals other security protocols like 2FA, Authy, Darknet
Digibyte is the FIRST blockchain to use 3- Layers which are NETWORK INFRASTRUCTURE , SECURITY and COMMUNICATIONS.
How does this deal with the issues of scalability, security and interoperability and speed.
One of digibyte products is the DANDELION + + privacy protocol, has this been implemented fully as a Privacy Protocol and how is is better than ZK-SNARKS Privacy protocols or MimbleWimble
I heard that you use five proof-of-work algorithms, I would like to know what and what does this give the coin?
Do you have any plans in the future to partner with any online gaming companies so they can use DigiByte as currency? Steam or Facebook?
Digibyte’s motto is “Safer, Faster and More Future-proof Technologies”, so can you explain how you can keep digital blockchain security at its best and develop the unique digital blockchain (UTXO) functionality?
How does DigiShield calculate the difficulty of the blocks between each block? How does DigiShield protect blockchain and infrastructure from multiple groups?
How does Digibyte prevent malicious mining centralization and computing power fluctuations?
As I see on the website, Digibyte Mining is divided into 5 types. Is there a major reason for this breakthrough? Why is multi-mining better than SHA256 or script-only mining? What is FPGA Mining?
How can Digibyte Digi-ID validate records and remove false IDs / records from its database?
Why should we use DGB for payments instead of Bitcoin (BTC) or Litecoin (LTC)? What’s profitable in DigiByte?
I see Digibyte is not running ICO, IEO or any fundraising programs! So how does Digibyte generate revenue from project development? What is Digibyte’s business model?
What is Digibyte Holder Certificate (DHC Token)? How can we get this certificate and what benefits will I get? (ii) What is Digi-ID? How does Digi-ID authentication work and how does it work?
If they “say” that Bitcoin is digital gold, litecoin is silver, and Ethereum is a commodity, what analogy would you give Digibyte? How do you propose new changes to the Digibyte network?
Why DGB BLOCKCHAIN AGNOSTIC and how can it give Digibyte an edge in this DeFi craze?
The database is an important element of the project, it also leads to the security system, my question is if the database of the DGB system is decentralized or centralized.
What is the main reason for creating your Digibyte DIGI assets? Planning to enter NFT markets such as enjin, ETH or WAX?
Every project strives for mass adoption. How does DigiByte achieve this? Are you planning to bring the DigiByte Blockchain to the attention of the whole world?
If someone wants to become a part of the Digibyte movement and communities, what is the best way to do it?
In my opinion, both Bitcoin and Digibyte are working on the same solution. Decentralized payments! So what’s the difference between Bitcoin and Digibyte?
Digibyte is one of the most popular coins with a rapidly growing ecosystem. I heard that dogecoin implements some of your functions. Have you used the development of other projects to create a digibyte?
Is Digibyte still mined on five algorithms? Is it mining only using ASICs?
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Why are you standing alone? Why not stand on ETH and others, which are already big
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I saw There are Mining and faucet features for DGB, How and Where to Faucet and Mining DGB.?
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How the heck do you attract so many communities that support you ,, Can you share the Ways
How does Digibyte work to prevent malicious mining centralization and processing power fluctuations?
What role does real-time difficulty setting and password algorithm play in solving these problems?
DigiShield shield was included in the infrastructures of very important projects such as Ethereum, Bitcoin Cash, Zcash. This is a great success but Why is the DigiShield shield ineffective on 51% hybrid power attack reduction?
How did you create the infrastructure that allows you to make Digibyte blocks 10 times faster than Bitcoin and Litecoin? Can block formation rate slow down according to some factors? Can cyber attacks have an impact on block production?
Tell us about the benefits of DigiByte for survival in this market, are competing projects becoming more and more competitive?
How easy and convenient is it to connect and apply DigiByte technology to the existing corporate infrastructure? How important are new developers and community in the DigiByte ecosystem?
DigiByte is one of the first coins on the market. Now there are more than 2,000 coins that have become faster, more technologically advanced and more ambitious. Do you feel the growing competition and how are you dealing with it?
What is the competitive strategy of the DigiByte project after switching to PoS Ethereum? How competitive is the DigiByte Ethereum PoS team?
Blockchain is a very rapidly changing industry. Is it possible to quickly change the design or infrastructure of DigiByte in line with blockchain updates?
It would be interesting to know how technical features like scalability, workflow, customer privacy, databases are done and handled?
Can you tell how many Dapps are currently built on Digibyte? Is Dapp one of your main goals for Digibyte at this stage? What are your strategies for getting more developers to build your Dapps on Digibyte?
Whats strategy of digibyte to keep survive in long bearish ?
What is mean of digibyte name ?
Is digibyte have plan to join to defi project?