Scalability issues remain one of the biggest challenges of the crypto world. Without solving it, the crypto and blockchain technology will have big problems with reaching mainstream usage. Right now, most cryptos are looking into off-chain scaling solutions. One such solution is the lightning network. However, solutions like lightning network might lead to centralization problems, which is what this technology has been looking to distance itself in the first place. With that in mind, Digibyte has different plans, which might make the future of Digibyte looks interesting.
The future of Digibyte (DGB)
Digibyte (DGB) believes that the real solution to the scalability issues lies on-chain, instead of off-chain. Because of that, it is one of the few cryptos that has dedicated its efforts to solving on-chain scaling. In fact, its very design is dedicated to this goal, while still maintaining true decentralization. This is why the future of Digibyte might also mean the future of blockchain technology. As such, Digibyte and cryptos like it might be among the first to go mainstream.
Digibyte’s advantage lies in three key aspects. The first of them is security. DGB is among the blockchains with the best security solutions today. It uses 5 different mining algorithms, which make it pretty much completely impenetrable. Next, we have speed. This is among the fastest coins in the crypto world, with almost instant transactions, which can rival pretty much any centralized system. In fact, many expect it to grow even faster as it grows and continues its development.
Finally, the third aspect is cost. DGB’s transactions are extremely cheap. So much so, in fact, that they can hardly be compared by any other crypto project out there right now. The only projects that can come close to its prices are those with a few centralization elements. As such, they pretty much defeat the whole point of cryptos as decentralized assets, which is why they can’t really be considered a true opposition to the coin.
Digibyte to skyrocket once mass crypto adoption arrives
These factors, as well as the fact that Digibyte is dedicated to on-chain scaling, there is a good chance that the future of Digibyte is brighter than most. This might not be obvious at the moment, considering that the coin ranks as 34th on CoinMarketCap with a price of $0.025263 per token.
However, when the mass crypto adoption starts happening for real, DGB is expected to skyrocket and finally reach the heights it deserves. Some analysts predict that its price will even surge from a fraction of a cent to a couple of dollars. What’s more, they expect this to happen in the recent future. As such, Digibyte looks like an excellent long-term investment for anyone looking to make one.
Of course, nothing is ever certain when cryptocurrencies are involved, we can admit that much. Still, considering how much potential this coin has, it would hardly be a surprise if all of these predictions actually come to pass.
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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Can Libra help the crypto industry to reach new heights?
The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.
From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.
What is Libra?
Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.
Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.
The development of…