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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.

Image courtesy of Pexels

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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