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

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DigiByte
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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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