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

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Digibyte

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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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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Altcoins

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

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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 been…

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