Digibyte (DGB) is an alternative cryptocurrency and the same decentralized platform created on the basis of Bitcoin and Litecoin algorithms, but with a number of improvements that are designed to eliminate the shortcomings associated with mining and high volatility of the course. The developers made very bold statements that Digibyte would soon supplant Bitcoin, but, at the moment, he is in 57th place in the cryptocurrency rating. However, it is likely that this altcoin is still ahead – the grounds for this are very good and they are presented below.
The story of Digibyte
The history of the Digibyte project began in 2013, although the idea itself was carried by its author Jared Tate much earlier – as soon as the shortcomings that are inherent in bitcoin became obvious. The key of them are the safety and speed of transactions. The developer and the startup founded by him was set out to create cryptocurrency for everyday use, which would become a reliable and fast remedy for various goods and services.
Dijibight appeared in the cryptocurrency market already in 2014 and has since stably entered the TOP-100, confidently in the middle of the list.
The main advantages of Digibyte
Key advantages of Digibyte cryptocurrency:
The Digibyte platform is thoroughly and thought out to the smallest detail, and its refinement is carried out in non-stop mode, almost instantly taking into account important comments and promising sentences.
Technical features of Digibyte
From the technical side, the DGB project has incorporated all the best that currently exists in the world of blockchains. As a result, 5 algorithms are used at once, giving just an incredible level of security, which is no longer any of the cryptocurrencies existing on the market.
The main characteristics of the DGB cryptocurrency:
Methods for obtaining and storing Digibyte
In terms of obtaining and storing Digibyte, it is practically no different from other cryptocurrencies. Coins can also be mined, buy and exchange on exchanges. But the highlight lies in the details, namely, many ways that can be mined by DGB on a different “gland”.
DGB mining
Since the platform uses five different algorithms, the DGB coin mining looks one of the most promising. DGB mining is available on:
The process is standard – you need to download the miner, tie the wallet to it, select the necessary pool and start prey. There are no nuances here.
TOP-5 bullets for DGB mining:
The pool should be selected based on the selected algorithm.
DGB mining also requires the acquisition of expensive video cards or ASICs, but given that the system is required to generate 30 seconds, it will pay a high probability and bring a tangible profit. In any case, this is one of the few cryptocurrencies that combines the high potential and the possibility of mining on video cards that would be profitable.
DGB wallet
You can download the wallet for Digibyte from the official project website. At this moment, classic variants of Windows, Linux, Macos, as well as the expansion for the Google Chrome browser are available.
Cryptocurrency has no own mobile wallets either for Android or IOS – it is reported that they are under development, although earlier the assembly for Android was available on the site. Instead, the user is invited to use the mobile wallet of the 3rd side-Coinomi. There are also other wallets that support DGB, for example, JAXX Wallet.
The installation of the wallet occurs in automatic mode and requires a minimum of user settings.
Exchange
Kucoin. The main exchange for operations with DGB, offering maximum protection against hacking accounts and a low commission. Works with BTC/ DGB and ETH/ DGB pairs. The site accounts for more than 95% of the turnover for this cryptocurrency, which makes the choice in its favor almost clear.
Hitbtc. The main pairs on this exchange are DGB/ETH and DGB/USDT, and the turnover is about 3.5% of the total.
Yobit. Exchange with a Russian -speaking interface, which works not only with a pair of bitcoin and ether, but also allows you to make transactions for dollars and rubles. Despite such attractiveness, the volume of DGB transactions on Yobit is about 1% of the total market turnover.
Digibyte cryptocurrency course
At the time of writing, the Digibyte cryptocurrency (DGB) was $ 0.041175 USD, and the exchange rate schedule for the entire period of its existence is as follows:
As you can see, despite the stability of the DGB course declared by the developers, the currency is also subject to volatility, like Bitcoin – in recent months, a change in value has reached a five -fold size, and repeatedly.
Digibyte cryptocurrency prospects
The Digibyte project was originally very ambitious and continues to be one of the most promising for investment. The rate on the speed of transactions and the maximum level of security cannot be losing and, therefore, investments in DGB are very attractive – according to many experts, this is exactly the dark horse that will still show itself in the near future.
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