Difference between revisions of "On-chain scaling"
(6 intermediate revisions by one other user not shown) | |||
Line 1: | Line 1: | ||
Transaction speeds will reach 280,000+ transactions per second by 2035 when all blocks are mined. | Transaction speeds will reach 280,000+ transactions per second by 2035 when all blocks are mined. | ||
− | The blockchain is stored on a decentralized web of nodes. Mining supports the network. | + | The blockchain is stored on a decentralized web of nodes. Mining (ASIC/GPU/CPU) supports the network. |
− | Current transaction fees (mining fees) are 0.000297 DGB/Transaction, which currently equates to ([https://coinmarketcap.com/currencies/digibyte/] (0.000297 X $0.010749 = $0.0000032) (Feb 27, 2019) | + | On-chain is do-able![https://medium.com/@josiah_digibyte/digibyte-scaling-on-chain-is-do-able-f3bda90be566] |
+ | |||
+ | ---- | ||
+ | "1. Applications Layer | ||
+ | This is the top layer of DGB that most people utilize in everyday applications. | ||
+ | |||
+ | 2. Digital Asset / Public Ledger Layer (Think Security) | ||
+ | The digital asset layer is what incentivizes the security of the entire platform. | ||
+ | |||
+ | 3. Core Communications Protocol / Global Network Layer | ||
+ | This is the bottom layer of the DigiByte that supports all infrastructure." | ||
+ | *[https://www.DigiByte.io] | ||
+ | ---- | ||
+ | |||
+ | |||
+ | Current transaction fees (mining fees) are 0.000297 DGB/Transaction, which currently equates to (*[https://coinmarketcap.com/currencies/digibyte/] (0.000297 X $0.010749 = $0.0000032) (Feb 27, 2019)... it costs 0.0000032 to pseudo-anonymously move a billion dollars overseas in less than a second using the DigiByte Blockchain. |
Revision as of 12:46, 2 March 2019
Transaction speeds will reach 280,000+ transactions per second by 2035 when all blocks are mined.
The blockchain is stored on a decentralized web of nodes. Mining (ASIC/GPU/CPU) supports the network.
On-chain is do-able![1]
"1. Applications Layer This is the top layer of DGB that most people utilize in everyday applications.
2. Digital Asset / Public Ledger Layer (Think Security) The digital asset layer is what incentivizes the security of the entire platform.
3. Core Communications Protocol / Global Network Layer This is the bottom layer of the DigiByte that supports all infrastructure."
Current transaction fees (mining fees) are 0.000297 DGB/Transaction, which currently equates to (*[3] (0.000297 X $0.010749 = $0.0000032) (Feb 27, 2019)... it costs 0.0000032 to pseudo-anonymously move a billion dollars overseas in less than a second using the DigiByte Blockchain.