Connect with us

Blogs

DigiByte DIGI-ID set to revolutionize security and authentication for its users

Published

on

Digibyte
READ LATER - DOWNLOAD THIS POST AS PDF

DigiByte has been top of mind for most cryptocurrency enthusiast for quite a while proving that the coin has been gaining traction despite a bear trend in the market. Even though the cryptocurrency has been in existence for a long time, it is only recently that it has managed to capture the attention of the market and for a good reason. Digibyte has been in development mode with new features that are bound to change the security game in the Blockchain and cryptocurrency space. Digibyte’s Digi-ID is set to be the most revolutionary feature for security and authentication of users in the crypto space. Unlike most cryptocurrency projects that are fond of promising huge developments and technological advancements, Digibyte stands out as it already has a beta version of the Digi ID running.

What is the Digi-ID Authenticator all about?

To put it simply, Digi-ID is based on DigiByte’s Blockchain to be a simple and straightforward authentication and security system. With Digi-ID, users can log into websites and applications by tapping or scanning on a QR code that is automatically generated through mathematics. With this method, you will no longer need to fumble with the issue of remembering your passwords and usernames for every single login process. Basically, the Digi-ID protocol is on the forefront of enabling additional security and ease of use on Blockchain application.

How does it work?

Glad you asked, well Digi-ID will be integrated into the app or the website and on visiting a website, the website will generate a QR code. Your Digi-ID authenticator will then scan the code and receive a string of numbers and letters with details of your login information. Thanks to cryptography (the same security concept that makes Bitcoin and other cryptocurrencies like Digibyte immutable) the Digi-ID feature will easily verify your information by sending an encrypted message to the website containing your login information. By this approach, you only need your Digi-ID to log in even on multiple devices at the same time.

The amazing part is that the Digi-ID technology is built on sophisticated mathematics and cryptography such that it even addresses privacy concerns. You can use it without worrying about your Date of Birth, phone details or name being exposed as the Digi-ID authenticator does not store your personal information. This feature can be a game changer not only for the Blockchain and cryptocurrency community but also for global internet usage at large (considering growing concerns over privacy online).

For the latest cryptocurrency news, join our Telegram!

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

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

Continue Reading

Blogs

3 Coins with the Largest Potential in 2019

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

Continue Reading

Blogs

Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

Published

on

crypto projects
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

Continue Reading

Elite