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DigiByte (DGB) and the Case of Turbulent Price

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DigiByte

DigiByte, a coin ranked as the 60th coin on the global coin list is slowly trading up again as it came out with a lowered price due to the recent massive drops in price that occurred during the previous week. While some tokens and coins are still struggling to get back up, let’s check out how DGB is doing at this moment.

A Few Words on DigiByte

DigiByte is a digital blockchain-based currency that is set to deliver the fastest and the most cost-effective transactions. They believe that the blockchain technology and mass global payments via blockchain nodes is the future, so they are working hard on delivering top-notch technology for DGB to operate with. Whenever you see a nicely “crafted” cryptocurrency with a cut-edge technology, you can’t help but think that the developers are not in it just for the profit or for profit at all – they seem to be in for the technology and technological evolution as well.

DigiByte works in a unique way where this currency is operating within a blockchain system that is complexly made to have a core protocol layer, a DAL (Digital Asset Layer) and an application layer.

The first layer we have mentioned, the core layer, serves the purpose of easy communication across the decentralized ecosystem, also supporting all types of infrastructure, while the digital asset layer is working in favor of supporting everyday actions of all members and DGB users.

With these layers, DGB can provide a secure, hack-proof and strong community for all users, enabling fast and cost-effective transactions with no third parties involved in the process.

DGB also uses five different algorithms for mining of their currency, which adds more value to the general security of DigiByte. At last, the application layer serves the purpose of being a decentralized app store. So, the application layer exists on top of DigiByte’s blockchain system and it allows all users to create centralized applications they can sell through DGB ecosystem. The system uses smart contracts, which additionally backs up the security of this community.

What is DigiByte Up To?

DigiByte development team will be surely kept busy till 2020, as they have announced different projects and programs that all users, investors and future holders can look forward to.

Besides from starting with DigiByte Foundation with the idea to promote and support outreach and education, DGB is working on several new features that will probably skyrocket this currency to the moon within the time of the launching.

Fans are eagerly expecting the arrival of projects such as Emma AI, DigiMessenger, DigiHash, Digibot, and Digi-ID.

How is DigiByte Doing at the Current Moment?

After all the rises and falls, you can now purchase DigiByte at the price of 0.024$. There is a positive side to this occasion as well, as in case you are interested in investing in DGB, you can now make a bulk investment and buy your coins at a pretty low price.

Due to its technological capabilities, it is thought that DGB is still far away from a price that could depict its true technological value. Still, many are looking forward to the implementation of new features that will occur somewhere between 2018 and 2020.

We will be updating our subscribers as soon as we know more. For the latest updates on RDD, sign up below!

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.

Image courtesy of Ricardo Reis via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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…

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