DigiByte: A Bite Into the Concept

The cumbersome era of stacking diplomas, degree certificates is over. It used to be enormously centralized. If they get lost or damaged, the consequences are irreparable. It could be that years later, even the issuing institution might not exist. Sharing these credentials is also a mammoth task, with these certificates being in physical form. Hence, a tamper-proof and highly secure framework was needed to help in storing and restoring all data on the blockchain-enabled platform where even trading could be facilitated along with faster payments and transactions. Let us analyze the current details of DigiByte and understand the DigiByte price prediction for the future.

DigiByte Overview

Cryptocurrency DigiByte
Ticker Symbol DGB
Price $0.01349
Price Change 24h +12.60%
Price Change 7d -4.73%
Market cap $188,425,810
Circulating Supply 15,372,222,633 DGB
Trading Volume $10,408,305
All time high $0.1825
All time low $0.00002028
Digibyte ROI +723.19%

And guess what? All without the role of intermediaries; a result of hard and flawless work. Eliminating any cost inefficiencies and also expediting the transaction processing time, DigiByte was introduced.

A seed-idea that was conceptualized by a lead developer, Jared Tate, in 2014, DigiByte was brought to the fore mainly to address these issues of increased transaction speed, decentralization, and security. Jared Tate is also known as ‘Digiman’. Genesis block was mined in 2014. With the background of blockchain and harvesting on the benefits of decentralized finance, i.e., DeFi, DigiByte set the record of being the first blockchain in the world to install something called SegWit (Segregated Witness). This unique feature signifies that information related to transactions tends to get gathered separately and not amongst the other information on the same block, thereby facilitating transactions’ exponential speed. This kind of technology shall act as a major power booster proving revolutionary in the world of payments. Acting as a catalyst to enable rapid-fire transactions in the global payment ecosystem, DigiByte shall bring radical transformation in the cryptocurrency market.

DigiByte: Let Us Question Why?

Undoubtedly, DigiByte has great potential and would tend to be the most attractive coins of the crypto market, mainly for its native token, DGB, that ensures high transaction security coupled with speed. What remains to be seen is how Governments worldwide recognize the inherent value of DigiByte at par with other valuable assets. No wonder the ever-active team of qualified analysts and cryptographers are developing and maintaining the cryptocurrency.

It would not be an overstatement to name the function of DigiByte (DGB) tokens as catalysts in implementing smart contract and transfer funds. The most valuable factors that propel the price of DigiByte are the transaction speed and affordability that enable quicker improvements implementation resulting in faster and secure transactions.

Crypto assets are powerful mainly due to the feature that they are not regulated or, for that matter, dependent on any governing body. Hence they don’t come under the purview of any restrictive policies or provisions. Hence DigiByte fans advocate that this platform is fully dependable. If nothing else, people living in not-so-powerful economies at least have the power in their hands- at least they are better off putting their hard-earned money into DGB than a languishing stock or bonds.

With regulated world economies moving towards recession, it is proved beyond doubt that digital currencies shall rule the financial kingdom. Most certainly, DigiByte is going to be one of the most crucial kings of this wild. Emerging as an extremely dynamic and vibrant force, DGB will be the pick and choice of investors, especially because it has stood the test of time, and investors have found a factor of reliability embedded in this token.

The gradual but steady rise in the DigiByte price may not have won it the topmost cryptocurrency award, but smart investors have learned to wait and watch for this asset to perform and work wonders on exchange. More importantly, even though the recent performance of DigiByte has not skyrocketed on the exchange rising to glory, one prominent fact that emerges here is DGB crypto is here to stay, rise, grow in the crypto market in full bloom.

DigiByte: The Ever-Growing Community & Partnerships

As aforesaid, the DigiByte has carved for itself a roadmap that leads to the ultimate goal of making the lives of its investors and crypto community as a whole convenient and time-saving. With those goals in sight, the only algorithm that is apparent is the mining algorithm swap. Currently, 5 varied versions are being used. The team itself has to juggle a lot before arriving at the most suitable option to get mining on the fast and reliable track of decentralization.

With the above objective being chalked out as primary, another broached up in vision called “DigiByte Version 8”. This would be a significant news for the DigiByte crypto project and would most likely to have positive the DGB price forecast.

Also, the Corporate Mission of DigiByte cryptocurrency is not to lead solely on the growth path. The corporate has planned big for the future, embarking on various partnerships and collaborations. Just after 4 years of its inception in February 2018, DigiByte deployed a PR agency with the sole objective of promoting its product palette of technology. This indeed acted as a morale booster for the market sentiment for its native token, DGB. Being listed on eminent cryptocurrency exchanges like Coinbase and Binance, DigiByte foundation offers a safe and dependable platform to its traders and enables lesser fees and a plethora of digital assets to pick and choose from. These upgrades and successful tie-ups have accelerated the currency’s momentum, creating the ecosphere of smart contracts far and wide. The upgrade has elevated the price of DGB on exchange substantially.

DigiByte has introduced ‘AntumID Authenticator Multichain,’ which is available on the Google Playstore, enabling users to update or get the new authenticator to support DigiLaunch. DigiTracker has added a facelift feature with the launch of its latest version, which has attracted the attention of the entire DigiByte community.

DigiByte has also signed a pact with ThreeFold’s decentralized Grid taking its aggressive technological initiatives to the next level. The primary objective behind this partnership is to build a humanitarian community worldwide, thereby creating an equal, sustainable, and decentralized world. Empowering the capabilities of peer-to-peer (P2P) decentralized internet, DigiByte aims to harness the decentralized internet ecosystem’s promotion. The meticulously intended and strategically planned alliance will pave the way for the launch of sustainable developer and user projects.

Based on the partnership’s dictates, the developer community and other DigiByte Blockchain Network contributors are invited into the ThreeFold Grid. They are to utilize affordable and decentralized cloud computing capacity. Developers are enabled to operate the ThreeFold Grid by deploying their DigiByte nodes and uploading their IT work on the ThreeFold Grid. To ensure an autonomous implementation, Smart Contracts are used for deployment.

DigiByte members are also empowered to harvest this opportunity for their personal needs and projects. If any member is interested in being a node operator who will utilize the ThreeFold Grid on the DigiByte Blockchain Network, he can follow the manual uploaded on the website post respective link navigation.

Taking on the immense potential, the alliance has, Rudy Bouwman, DigiByte Co-founder, commented, “As a benefit of the partnership, the peer-to-peer internet firm, ThreeFold, welcomes DigiByte into the Conscious Internet Alliance initiative led by the ThreeFold Foundation. This would facilitate further global decentralization.”