Blogs

What Is DigiByte (DGB) And Will It Continue To Rally?

Published

6 years ago

December 24, 2017

You have probably heard a lot about cryptocurrencies lately since it is the latest wave to sweep the tech and internet space. This time the focus is on a cryptocurrency called DigiByte (DGB).

DigiByte is a cryptocurrency just like many other digital currencies out there and this means it operates on a blockchain technology. This digital currency was created in 2013 but it was officially launched in the market in 2014. It has thus been on the market than most of the newcomers. This altcoin was initially based on Bitcoin though its developers later made some adjustments to the code for enhanced functionality

The improvements made to the DigiByte blockchain made it more like Ethereum’s blockchain because they were aimed at enabling a shorter block time and also enhanced security. The DigiByte website describes the platform as a faster, more secure and forward thinking blockchain compared to other blockchain technologies. It is thus considered as a good blockchain not only for currency but also for protecting other valuable assets such as digital data, and information property.

The company behind the cryptocurrency boldly claims that its blockchain is currently the most secure and fastest UTXO blockchain available. This is quite an audacious claim considering that there are numerous other cryptocurrencies with blockchain technologies that have similar pursuits. However, one of the unique aspects note about DigiByte and its technology is that it uses five different advanced and secure cryptographic mining algorithms. This makes it more difficult for centralized mining especially compared to the use of one mining algorithm.

DigiByte also became the second major altcoin to use segregated witness technology (SegWit) through soft fork. It had also used hard fork on three separate instances before that.

Performance-wise, it is important to note that the price of this digital currency was at around $0.000212 at the start of 2017 with a market cap of $1.77 million. However, it has since then surged by a significant margin to reach an all-time high price of $0.0633 on December 21. Its price at the time of this press was $0.051721. The price of DigiByte has undoubtedly risen by a huge margin just like most of the other cryptocurrencies in the market.

It is also worth pointing out that the price of DigiByte has been relatively inactive with just a few minor surges that are nothing compared to its performance this year. In fact, the price movement as evident in its charts kicked into high gear in April this year. So far the digital currency has made momentous gains but the looming uncertainty in the market means it is not clear whether it will continue to surge.

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

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Global Coin Report Archives/Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

3 years ago

January 25, 2021

chainwire

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

3 years ago

December 31, 2020

Paul Wilson

2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

3 years ago

December 24, 2020

chainwire

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…