Why I believe ProgPoW is the next step forward for DigiByte

DigiByte, More Secure, Faster & Forward Thinking

From Odocrypt to ProgPoW

Blockchain decentralization with GPU mining

  1. It allows people on older GPU’s to contribute even if it’s less cost-effective / energy efficient, and possibly even a net loss.
  2. It allows more people to “try it out” even if their hardware is older, and introduce them to mining.

But aren’t ASICs more secure than GPUs?

  1. Do you want the highest hashrate, even if there’s fewer people protecting the network?
  2. Or, do you want more people contributing to the security of the network overall, even if the “green number” of hashes is lower as a result?

Why MultiAlgo can be so powerful

  • SHA256, the algorithm Bitcoin uses
  • Scrypt, the algorithm Litecoin uses
  • Qubit, an algorithm that DigiByte is the dominant hash-power in
  • Skein, another algorithm that DigiByte is the dominant hash-power in.

Why does this matter to me if I’m not a miner?

We need to decide which algorithm(s) will be replaced

  1. An ASIC mining algorithm
  2. Odocrypt, our FPGA focused algorithm
  3. ProgPoW, to focus on GPU mining
  4. RandomX, for CPU mining
  5. And a 5th algorithm of some description…

Which algorithm do you think ProgPoW should replace?

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I write interesting things about cryptocurrency, especially DigiByte

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Josiah Spackman

Josiah Spackman

I write interesting things about cryptocurrency, especially DigiByte

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