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Digibyte (DGB) Blockchain Potential and why it’s a safe investment for 2018

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Digibyte
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It is no secret that top altcoins like Ripple, Ethereum, and Litecoin are the envy of most crypto projects simply because they are able to attract a large number of investors thanks to their popularity. Just ask any crypto investor and they will reveal that the small altcoins on CoinMarketCap’s top 100 lists are a huge risk to invest in. Mostly they are either full-out scams or just lower-tier Blockchain projects. However, in an attempt to avoid throwing the baby out with the bathwater, there are certainly hidden gems among altcoins that are otherwise overlooked. One such altcoin is Digibyte (DGB).

Digibyte has been a silent riser for quite some time. Since the time it was officially launched in 2014, the altcoin has managed to build a reputation as one of the fastest and most secure UTXO Blockchains, built on its own Blockchain network (unlike most altcoins that are forked from Bitcoin). In fact, in terms of decentralization, security and long-term potential, Digibyte stacks up so well against Bitcoin and other heavy hitters of the crypto space.

Digibyte’s Blockchain Vs Bitcoin

For instance, where Bitcoin’s average block time takes up to 10 minutes, Digibyte delivers more speed at 15 seconds. Scalability is also not a problem for Digibyte as it can comfortably handle 560 transactions every second where Bitcoin taps out at about 7 TPS. By 2035 the Digibyte team plan to have 21 billion coins mined meaning it’s a much better payment option thanks to over 100,000 nodes that currently manage transitions on its network.

It gets even better when it comes to mining and security on the Digibyte’s network. Recently there have been reports of 51% attacks on Verge XVG coin. A 51 percent attack is basically a situation whereby a hacker, with enough computing power, is able to control a Blockchain network by either reducing the difficulty level of mining and managing to mine coins from the network at the lowest difficulty or shutting down the entire network completely. These recent events on Verge XVG, have led to rising concerns among cryptocurrency enthusiasts with most altcoins being scrutinized for their level of security.

How DGB’ Blockchain measures up to other altcoins

According to Crypto51.app, it would take you less than $10 worth of hashing power to attack cryptocurrencies like Orbitcoin, WorldCoin, Quark. It gets even worse knowing that these cryptocurrencies are worth millions in terms of market capitalization.  Simply put, a hacker is incentivized to launch an attack.

Once again, this is where Digibyte shines as it has an adaptive difficulty adjustment set to change in real time as opposed to Bitcoins 2 week delay. Additionally, Digibyte uses five separate mining algorithms that are weighted equally with individual difficulty adjustment. Digibyte also boasts of being a pioneer of this technology and calls it the Multishield.

For a hacker to be able to attack Digibyte’s Blockchain network, they would need to control 93% of each of the mining algorithms and also take up 51% control of the entire network. This is not only difficult for a hacker to execute, but also quite costly in terms of hashing power. Ultimately Digibyte makes it very difficult for an attack to occur on its Blockchain.

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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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