Blogs
DigiByte (DGB) and the Case of Turbulent Price
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