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DigiByte (DGB) is Having a New Hard Fork to Maintain GPU Friendliness

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DigiByte

DigiByte (DGB) stands for one of the most established and fastest platforms currently available in the market. Ever since it was launched back in 2014, DGB is paving its way towards success in the market by creating a safe and secure environment able to create and generate new blocks with the matter of seconds. DigiByte is much faster than Bitcoin, which takes minutes for the exact same operation. That being said, DGB makes up for one of the most reliable and fastest coins in the market thanks to the prominent team behind it.

The team behind the coin has announced a while back at the beginning of 2018 that DigiByte will be having a hard fork in the summer of the following year so that the levels of security would be appropriately increased in the terms of maintaining GPU friendliness.

DigiByte Expecting a Hard Fork in Several Days

Approximately four months ago, at the beginning of the following year, the team behind DGB has announced that DigiByte will be having a hard fork in summer of 2018.

The day of when the hard fork should take place is approaching as the team has scheduled the hard fork to take place a couple of days before June 21st, or latest on the mentioned date.

That being said, DGB is only 4 days away from having a hard fork that will not change the face of the well known stable coin from the top 50 crowd while currently being ranked as the 48th-best coin in the market.

The team has addressed this hard fork as Algo Swap and one of the DGB ambassadors went forward with publishing an informational piece on Algo Swap that was published back in February 2018.

In the official statement from one of the DGB ambassadors, it has been stated that the new fork that DGB will go through will not result in having duplicated tokens.

The mentioned team member also stated that the new fork won’t in any way affect DGB holders and investors (at least not in a negative way or a negatively radical way), as well as that the new fork won’t end like Ethereum and Ethereum Classic scenario where ETC departed from its parent chain, Ethereum, creating a new chain on top of that one by simply refusing to accept new updates in the network.

The community was also reminded of the fact that DGB already had 4 major hard forks during the past four years, so Algo Swap will come as the fifth.

The last four hard forks, as well as the fifth, have the purpose of allowing the new implementations to take roots and be successfully integrated into the system of DigiByte, which made DGB what it is today – a stable and safe coin in a resilient and scalable ecosystem.

That is how the team is planning on having another fork in order to be able to maintain GPU friendliness.

As stated in the official press release on Medium, the team will be changing some mining algorithms in order to make the mining more GPU friendly while directing ASICs to other platforms that provide solid solutions for ASIC miners.

The team is also said to be open for suggestions as well as the feedback from the community on the matter of which mining algorithm would be best to use, stressing out that they have been considering Equihash and Neoscrypt, as well as NIST5.

As the conclusion to seeking feedback, the team also added that they are not interested in suggestions regarding their protocol as DGB is planning on sticking to Proof of Work, which means that they will not be accepting any feedbacks or suggestions to switch to Proof of Stake, hybrid protocols or have coin burns, as none of those will happen.

DigiByte is said to be planning more changes after the fifth fork takes place in order to change the mining algorithm, although they are currently focused on developing new wallets, which will be the foundation of the upcoming changes, as stated by the team DigiByte.

DigiByte (DGB): Performance

The market has been acting sluggish for more than a couple of days, so we can see a negative trend in the market with a massive portion of currencies going down against the dollar.

DGB doesn’t stand as an exception in this case, as we can see it trading in the red, although dropping only by a minor decrease in its price.

After the latest drop of -0.45% against the dollar, DGB can now be traded at the price of 0.027$.

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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

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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