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Digibyte (DGB) Potential for the Future: Why this Crypto Deserves a Chance

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The number of cryptocurrencies continues to grow, and thanks to a lot of confusion that this growth is causing, sometimes, a crypto of great potential manages to go unnoticed. Digibyte (DGB) is a perfect example of it, and it might need a second look.

About Digibyte

Ever since the cryptos displayed their potential, their numbers started to increase at a rapid rate. Not only is their value increasing when the times are good, but the number of different currencies alone skyrocketed.

As great as this may seem at first, even crypto enthusiasts had to admit that they sometimes have trouble deciding which one to invest in.

One of the hidden gems of the crypto world definitely includes Digibyte (DGB), and many have started to notice this coin’s potential. According to them, it is only a matter of time before Digibyte’s value skyrockets as well, due to its amazing features an function. Not to mention a brilliant team that developed this asset in the first place, led by Jared Tate.

The coin was originally founded by Tate back in January 2014. Tate’s biggest concern was cybersecurity at that time, which is why Digibyte might be one of the safest coins around even today. Another amazing feature that it offers is an incredible speed. To demonstrate how great its speed really is, let us just say that it is 40 times faster than Bitcoin (BTC).

These features alone make Digibyte one of the fastest and safest coins in the world, which is also protected from any kind of malicious attacks.

Despite this, it remained relatively unknown, until it received a shoutout from John McAfee. This has boosted its market cap to $1 billion back in January. The individual coin price also went from $0.03 to $0.13, which definitely proves that this crypto has a lot of potentials.

Digibyte’s features

Digibyte is known as a crypto with a lot of useful features, some of them already mentioned earlier. Its security is five times stronger than Bitcoin’s thanks to 5 mining algorithms, while BTC only has one. Additionally, its mining is a lot more decentralized than that of many other cryptos, and it can be changed if it threatens to come too close to centralization.

As for its speed, it is 40 times better than Bitcoin, with 1-3 second notifications regarding the transactions. Not only that, but it only has a 15-second block, while Bitcoin block last up to 10 minutes. DGB tokens are confirmed after only 1.5 minutes, while BTC takes an entire hour.

When it comes to transactions per second, Digibyte is capable of handling 280+ of them, where BTC can only do 7.

As for its supply, the plan is to create 21 billion coins over the course of 21 years. It has a lower price thanks to the sheer volume of the coins, but this is expected to increase the number of microtransactions, as well as lead to greater stability of the coin’s price.

It is also very flexible, and capable of adopting even more new features, should the need for them arise. According to some plans, Digibyte might become capable of handling several thousand transactions per second in the future.

Obviously, this is a crypto with a lot of potentials. Not only is it faster, more secure, and more flexible than other cryptos, but it also promises to become much more than that. Its current price according to CoinMarketCap is $0.037481, but that might change soon, should this coin become noticed. And a low price is not that bad if you wish to invest in it. The time for purchasing these tokens is while it is at its bottom and now is the chance to do just that.

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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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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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