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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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