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Digibyte is One Step from Stardom

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Bitcoin is the undisputed first cryptocurrency. A market leader and a stalwart bastion of the industry – an industry that is only now beginning to explode in popularity. Even several years ago, the crypto-sphere was a fraction of the size it is currently. DigiByte, created by Jared Tate in early 2014, is one of the older coins still in regular use. He looked at Bitcoin and saw a flawed system in need of upgrading. He focused on security and released a cryptocurrency that ensured decentralization to a degree greater than Bitcoin itself. The coin has suffered from a lack of marketing, but the sound technology and proven code base help to mitigate that. There’s value in waiting for a proven product before advertising to the masses.

Low Profile, High Potential

DigiByte maintained a stable price point for much of its life, avoiding the severe volatility of the cryptocurrency market until very recently. In the December spike, DigiByte saw a few highs and lows, but they’ve continued to maintain a massive increase from their base price at this time last year. The community is devoted, having invested in more nodes than any other comparative currency. Tate set the coin up from the start to mine faster than Bitcoin, recognizing the potential issues with the cumbersome prototype blockchain.

The coin’s age and the faster block generation result in DigiByte having the longest blockchain in the industry. This may seem like a neutral to a negative situation. In reality, it means that DigiByte has seen and conquered many of the issues that Bitcoin is only now running up against. They’ve seen what smart contracts can do, and intend to add functionality into their own blockchain in the near future.

A Consistent Technology Leader

Jared Tate devoted all of his time and energy into DigiByte from the moment the genesis block generated. He keeps his focus on upcoming technology, and is at the forefront of new adoption. DigiByte was the first blockchain to integrate the Segregated Witness system for dealing with lengthier blockchains. SegWit has only recently seen use in the Bitcoin blockchain, and not without a fair share of controversy. The hard fork of Bitcoin Cash came about mostly from a disagreement related to SegWit integration.

While most coins use a single Proof of Work algorithm, DigiByte uses five. The stated purpose behind this is to encourage greater decentralization through multiple mining pools. There is an additional benefit of increased security that comes alongside decentralization. Their MultiShield system keeps each mining algorithm competitive with one another by adjusting the difficulty as needed. The adjusted difficulty prevents any one algorithm from dominating block generation within the full chain.

Stability Before Stardom

From inception to 2017, DigiByte was a reliable performer. The value was consistent and allowed miners to plan out their profits accordingly. Where most coins suffer from volatility that often puts investors in the red, this was not an issue for DigiByte until the end of 2017. Those spikes that followed may have disrupted the stability of the coin, but came alongside new investors. Everyone is on the hunt for coins that can drive profit and have proven use cases. DigiByte’s technology is battle-hardened and well proven from years of development. Their founder’s commitment to new technology and community input have ensured that it remains competitive.

As such, DigiByte is severely undervalued right now at $0.03 per unit. The price is low for a top 100 coin and allows new investors to purchase a large portion of the coin for relatively small capital. Given DGB’s track record, any such investment would almost certainly maintain its value, while still benefiting from the market’s increasing volume.

DigiByte’s Entrance to the Public Eye

The recent establishment of a DigiByte foundation is only the first step towards increased promotion. Tate intends to use the Foundation to drive marketing and create a public persona for his coin. To this end, he’s partnered with several gaming companies to start using DigiByte as an incentive for player engagement. Similar to attention tokens that seek to replace advertising, DigiByte intends to do the same for game promotion.

For a legacy coin, DigiByte has a low market cap and a low per unit price. That means that a sudden injection of new investors stands to increase the value substantially. If the gaming partnerships pay off, users will start flocking to the DigiByte cryptocurrency. Once they are part of the community, it’s very likely that they will choose to use DigiByte as their native coin.

We will be updating our subscribers as soon as we know more. For the latest updates on DGB, sign up below!

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.

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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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