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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3 Coins with the Largest Potential in 2019
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.
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.
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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
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?…
3 Cryptos To Blow Up In The Next Bull Run
It has been an entire year since the last real bull run in cryptos and most traders and investors are ready to experience the excitement of their favorite coins blowing up once again. Ever since January 2018, all that the crypto market was experiencing were price drops, with minor attempts at recovery, which would only lead to another decline in prices.
However, there are several reasons to believe that this situation might change in 2019. Naturally, many are hoping to see it happen sooner, rather than later. One such reason is the natural progress of the crypto market. According to analysts, the market moves in cycles, which include bearish and bullish behavior alike. With the last bearish trend taking up the entire year of 2018, it is now time for the more positive development to take place.
Another reason includes large projects that have a goal to deal with problems that the crypto market has been facing, such as high volatility, scalability, and alike. If developers were to find solutions to problems like these or at least provide a better alternative to the current situation, this could encourage investors to become even more active within the crypto space, which can lead to a lot of positive development.
Finally, there are projects that aim to bring institutional investors to the crypto market, by solving issues that institutions are most…
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