Difference between revisions of "On-chain scaling"
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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 (ASIC/GPU/CPU) supports the network. | The blockchain is stored on a decentralized web of nodes. Mining (ASIC/GPU/CPU) supports the network. | ||
| − | On-chain is do-able![https://medium.com/@josiah_digibyte/digibyte-scaling-on-chain-is-do-able-f3bda90be566] | + | On-chain is do-able![https://medium.com/@josiah_digibyte/digibyte-scaling-on-chain-is-do-able-f3bda90be566 [1]] |
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| − | 2. Digital Asset / Public Ledger Layer (Think Security) | + | "1. Applications Layer This is the top layer of DGB that most people utilize in everyday applications. |
| − | The digital asset layer is what incentivizes the security of the entire platform. | + | |
| + | 2. Digital Asset / Public Ledger Layer (Think Security) The digital asset layer is what incentivizes the security of the entire platform. | ||
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| + | 3. Core Communications Protocol / Global Network Layer This is the bottom layer of the DigiByte that supports all infrastructure." | ||
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| + | *[https://digibyte.io/digibyte-blockchain-faq [2]] | ||
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| − | + | Current transaction fees (mining fees) are 0.000297 DGB/Transaction, which currently equates to (*[https://coinmarketcap.com/currencies/digibyte/ [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. | |
| − | 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 02:49, 18 July 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."
- [2]
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.
