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Coin Watch: How Has DigiByte (DGB) Been Performing Recently?

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DigiByte
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When DigiByte (DGB) was first conceived on 10th January 2014, Jared Tate, the founder of the blockchain aimed to provide a digital platform, which was both safe and lightning fast. In the turbulent world of cryptocurrency, where the market is characterized by volatility and frequent price movements, stability is a huge factor when it comes to choosing a currency. As far as cybersecurity is concerned, only a few coins can beat the tight security protocol offered by DigiByte. This article explores some of the recent developments on the blockchain, offering an insight into its performance in the market.

DigiByte (DGB), a Coin on the Rise

Developed as a proof of work (PoW) coin, DigiByte is supported by a system that regulates ‘denial of service’ attacks and various service abuses. This is usually done by prompting the service requester to take necessary actions. DigitByte didn’t instantly become famous and took some time to come to the limelight. Tracing its market response, the recent developments are largely responsible for its sudden rise to fame. As for the notable upgrades on the blockchain, mention can be made of its listing on the global digital wallet app known as Abra. Interestingly, Abra is associated with some of the big names in the crypto world, such as Stellar (XLM) and Bitcoin Gold (BTG). Besides this, the coin has also been on Coingate, a renowned digital platform that permits payment integration on different sites.

Why Should You Watch Out for DigiByte?

DigiByte is one of the most underrated currencies in the cryptoverse. Discernibly, it strives to deliver much more than it promises. This currency has been greatly rewarding for the early investors, who have managed to cash in at the right time, especially in the initial days when it had not gained so much popularity. Considering the growth it has witnessed over the years, it comes across as a dynamic cryptocurrency in the market.

Bitcoin, the largest and hyped-up blockchain project, has a single mining algorithm, but DigiByte, a comparatively new currency in the market, boasts as many as five mining algorithms. The altcoin, which ranks 51 by market capitalization, is 40X times faster than Bitcoin. Also, the coin’s transaction fee is lower than BTC, which makes it an affordable alternative to overpriced options.

Equipped with more than 200,000 nodes, DigiByte features among the most decentralized blockchain available in the market. As per the price movements, DigiByte has recorded a consistent growth since it was introduced in 2014. Aside from occasional drops, the currency has shown incredible resilience, wherein it has made quick rebounds when the general market witnessed a price slump.

In terms of innovations, DigiByte has always outperformed its peers. Whether it is the leading-edge core wallet, the Android and iOS wallet, or important listings, DigiByte has enjoyed an unprecedented growth.  Speaking of DigiByte’s meteoric growth in the recent time, the lightning speed transaction speed draws special attention. While Bitcoin and other big names take over an hour to execute transactions, DGB users receive notifications within seconds.  As for the transaction speed, DigiByte can manage over 280 transactions per second, which is impossible to imagine with Bitcoin and its like. Above and beyond, transferring funds to other DigiByte token-holders can be done without any hassles since the registration process is incredibly simple requiring no elaborate procedures or hidden charges.

Upgrades on DigiByte Blockchain

DigiByte’s developers have been busy with the new Digi-ID solution, which promises to introduce exciting changes on the blockchain. The Digi-ID solution, which has become a talking point in the community, is powered by cryptography. While the blockchain technology can be deployed for many different purposes, the authentication models can largely benefit from it. Considering factors powerful algorithms, encryption, and transparency, the solution can be regarded as a game changer in many ways.

Looking at some of the latest developments on the blockchain, DigiByte’s listing on BiteBTC and the upgrade for mobile wallet can be highlighted. The mobile wallet launched by DigiByte team can be accessible from both Android and iOS devices.

Market Response 

Tracking the coins’ price movements, DigiByte’s performance has been disappointing, as it is still trading in the red. The coin which has slipped -3.92% from its earlier position is trading at $0.030414 as of May 29, 2018. The price slump came as a severe blow to many investors, but it is unlikely to be a cause of worry at the moment. Apparently, the entire market has witnessed a drop, sending many top market players in the red. With a market capitalization of $313,765,204 at the time of writing, the coin is gradually emerging to be a promising investment option in the crypto space.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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