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.
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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…