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Digibyte (DGB) paving the way for the future of Blockchain

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Digibyte
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Go to any cryptocurrency and Blockchain circles and you will seldom hear of Digibyte. In fact, there has been a lot of confusion about what Digibyte actually is with most people thinking it’s a new token. Well, Digibyte has actually been in the crypto game for over 4 years and unlike most cryptocurrencies that are forked from popular Blockchains such as Bitcoin or Ethereum, Digibyte boasts of its own proprietary Blockchain. There is more, as old as Digibyte is in the crypto space not once has the Digibyte team raised money through an ICO.

Basically, Digibyte is a decentralized Blockchain that is rapidly growing its Digibyte assets (digital assets on the Digibyte Blockchain that cannot be hacked destroyed or counterfeited thanks to cryptography). The Digibyte can be used for more than just finance. It’s designed to be a digital asset that can securely protect information, digital property or any other important digital data.

Digibyte now ready for cross Blockchain dApps

Yes, that’s right. The announcement first appeared in a tweet by Blocknet. Blocknet is built to be the “internet of Blockchains.” The Blocknet protocol has a peer to peer protocol that enables cross chain interactions between nodes of different Blockchain networks. This means that data between different Blockchains can be exchanged with ease. For decentralized application and exchanges, this feature is quite powerful such that it can allow users to trade all their cryptocurrencies and tokens on a single decentralized exchange.

By allowing for this level of interoperability, Blocknet is enabling growth in the crypto community and also allowing for the development of decentralized applications and exchanges that are free from centralized control. This has been a major issue in the Blockchain space especially between the Bitcoin Cash community and the Bitcoin core (the original Bitcoin community). The lack of interoperability has centralized governance in the Blockchain space making it hard to come up with progressive developments.

DGB sticking to the original principle of decentralization

Although the original principle of Bitcoin and Blockchain technology was built on democratizing control, the opposite has become true in the last few years. For a Blockchain to process transactions on its network, nodes (miners) have to confirm and verify transactions while adding them to the block. Over time, however, Bitcoin’s Blockchain network has had millions of miners such that the competition to earn new Bitcoins by mining has skyrocketed.

This has attracted the attention of top-tier hardware manufactures and as a result, their more powerful technology has given them an edge over everyone else in the network. This is the problem that Blocknet and Digibyte are trying to solve. By adopting a protocol that promotes centralization and interoperability, governance over the network cannot be controlled only by those with powerful equipment as the cryptocurrency (in this case DGB) becomes acceptable on other Blockchain networks. Going forward DGB can be used on multiple Blockchains and on multiple decentralized applications, therefore, giving control over the digital asset to those that own and hold the DGB.

Although Bitcoin is still at the top as the most valued cryptocurrency, coins such as DGB are making huge technological advancements by solving the problems that are currently top of mind of most crypto enthusiasts. After all, the possibilities for a cross Blockchain cryptocurrency are endless and Digibyte in conjunction with Blocknet are at the forefront of this new revolution.

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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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Altcoins

Healthereum All Set to Tackle Problems of the Medical Sector

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Healthereum
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There has been a growing realization across medical circles that patient engagement is crucial in health management and for the general well-being of people. With that said, there isn’t much clarity about what patient engagement might entail. Several healthcare providers have tried to apply their own ideas of enhancing patient engagement, often overworking their limited staff and exhausting their financial resources in the process. They either end up giving up on the idea altogether or only carry it forward haphazardly.

The contemporary healthcare landscape is marked by no-shows, the lack of patient engagement or unsustainable attempts at it, poor survey response rates, and fraudulent insurance claims and billing errors. In such a setting, Healthereum brings a blockchain-based solution to tackle healthcare’s biggest challenges. Healthereum is a platform that will bind provider-patient and hospital-patient interaction into smart contracts, improve accountability, promote healthy behavior, offer two-way communication, and verify services—all in one.

Gamification of Appointments

Healthereum makes ingenious use of Ethereum blockchain technology that enables healthcare providers to give out HEALTH tokens through HELIO Syndicate to patients who show up to their appointments and/or complete the gamified tasks on the platform. These tokens can then be used for health benefits from their healthcare providers, hence enabling the full cycle of healthcare blockchain experience.

This experience helps to incentivize responsible behavior from the patient’s end which can save the healthcare industry billions…

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Facebook Is Getting Closer to Launching Its Own Cryptocurrency, but Why

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Facebook cryptocurrency
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The rumors of Facebook own cryptocurrency are nothing new in the vast world of cryptocurrencies. They have been around for over a year now, with some insider reports confirming them for months, now. However, recently, another wave of confirmation has emerged, and these ones are referring to the coin as GlobalCoin.

There was already a number of events that seem to confirm the coin’s existence even further, such as the Facebook CEO, Mark Zuckerberg, meeting with the US Treasury and contacting the Bank of England in order to seek regulatory guidance and confirmation. Something is definitely coming, but one question that many are still asking is: Why? Why is Facebook developing its own cryptocurrency?

Facebook’s GlobalCoin

According to reports from those who seem to be familiar with the matter, GlobalCoin is expected to arrive in Q1 2020. In other words, the social media giant is ready to enter the final phase of designing the coin and start conducting various tests.

Considering Facebook’s size and user base, the coin will truly be a global one, and while this is nothing special when it comes to cryptos — they are borderless, after all — this will be the first coin with such a massive exposure. It will also be pegged to a number of different fiat currencies, such as the EUR and USD, and likely half a dozen others.

With…

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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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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