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DigiByte (DGB) Is A Hidden Gem Among Cryptos

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DigiByte

A brief look at the current market situation yields a disheartening sight with the top 10 coins and tokens showing signs of trouble despite the total market capitalization holding steady at around $433 Billion. Bitcoin (BTC) is currently trading at $9,303; Ethereum (ETH) is currently at $750; Ripple (XRP) is holding strong at $0.80. Outside the top 3, one coin stands out: DigiByte (DGB).

DGB is currently ranked 50th on coinmarketcap.com. It is currently trading at $0.0476 with a 7.43% increment in 24 hours. This is quite impressive for a coin that is reasonably priced under a dollar and less than ten cents. The current total supply stands at 21 Billion DGB. This figure is 21% of the number of Tron tokens in circulation. Its circulating supply is 10.227 Billion which is another 15.5% of the total number of TRX in circulation. This means that were the demand of DGB be considerable, then it would be a matter of time before that 47 cent value increases to $1.

So what exactly is DigiByte (DGB)?

DGB is a more secure, faster and forward thinking blockchain technology. These three key concepts are what makes the ‘small’ coin stand out from all the other coins and tokens making headlines on a daily basis.

In terms of decentralization, the DigiByte blockchain is spread over 200,000 servers, computers, phones, and nodes worldwide. It is capable of being connected to the Internet of Things via devices such as the aforementioned phones. This allows it to be a prime candidate for Artificial Intelligence adoption as the technology progresses.

The blockchain uses 5 secure and advanced algorithms thereby avoiding centralization of mining compared to single algorithm blockchains. The blockchain implements Digishield and Miltishield to protect itself from malicious attacks. The blockchain is also fast with a 15-second block timing speed. It even integrated SegWit before any other blockchain project.

So why buy in or use its features?

Firstly, it is reasonably priced at under 10 cents.

Secondly, previous market performance has seen the coin reach values of $0.129 on January 6th. This means that the coin can pack a punch in the markets.

Thirdly, DGB is a hidden gem amongst the over 1,500 coins and tokens out there.

A fourth reason to get some DGB is the availability of its Wallet on several noteworthy platforms. It is available on both 64 bit and 32-bit versions of Windows and Linux; available on Mac; available on Android; and available on DigiByte Go Wallet which is a Chrome extension. It is also compatible with the 3rd party wallets of Coinami, Nano Ledger S, Trezor and Exodus.

In a nutshell, DigiByte is a hidden gem in the cryptocurrency markets that has a promising future through its amazing capabilities.

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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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Bitcoin

Blockchain technology outshines Bitcoin and Gold during global pandemic

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As the popularity of cryptocurrencies such as Bitcoin begins to level up with investments made in metals such as Gold, together they have both made significant advantages for investors who have taken a leap to invest in them.

However, thanks to the pandemic and the dynamic shift in investing and the economy, many investors have seen fluctuating losses and gains thanks to the uncertainty of the current business world. 

Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.

What is blockchain technology?

Blockchain technology was first introduced as a supportive technology for Bitcoin. A blockchain is a simple, unchangeable and un-hackable digital ledger that holds transactions in little blocks attached to a chain. The transaction is duplicated and distributed across the entire network of systems on the blockchain, making it available for everyone on the network to see. 

Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).

Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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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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