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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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.
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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.
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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%.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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.”
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