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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.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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