Digibyte have recently pointed to a blog from CryptoHopper about Digibyte in which all the problems that DGB wanted to solve and its solutions are explained in detail.
BitFi tweeted: “Acquire more DigiByte before Bitfi buys them all.”
Getting back to the goals of Digibyte, they wanted to be a better version of Bitcoin. Of note, Digibyte is made up of thousands of volunteers like Jared Tate. They started off as a currency; however, with time several other applications have been added to DGB ecosystem with time.
In this regard, Sydney Ifergan, the crypto expert tweeted: “It is good to see the five DigiByte pillars listed as Currency, Proof of Authenticity, Secure Authentication, DigiAssets, and RenLiquidity.”
DigiByte makes use of VIDT API. The VIDT is a blockchain-powered technology which verifies validity of any kind of file by identity and origin ensuring originality of the initially-published document. Using Hyperledger and LTO documents are verified on multiple blockchains. Thus ensuring protection against fraud and data manipulation.
The secure authentication from DGB makes it possible to log in to websites instantly without having to remember the user ID and password. All it takes is to scan the QR code on the phone and the DGB wallet is coded to take care of the rest of the tasks.
DigiAssets as a secure and scalable secondary layer ensures decentralized issuance of assets, tokens, smart contracts, digital identity, and more. DigiAssets represent real-world assets securely and cryptographically. Anything from real estate, automobiles, art, music, signed documents, wills, deeds, purchase orders, medical bills etc are protected as DigiAssets.
RenDGB project is to guarantee Republic Protocol (REN), connects DGB with Ethereum and ensures DGB is included in several DeFi projects, thus increasing liquidity. Ensuring liquidity makes DGB reliable cryptocurrency.
Digibyte (DGB) and Power of Decentralization
Jared Tate expressed, “The best thing you can ever do to help spread awareness & adoption of Digibyte is to have someone download a wallet & send them a transaction. The speed & efficiency speaks for itself.”
There are lot of DigiByte Wallets. It is for users to compare and to begin transacting in one of them.
One of the Core Member, Michelle stated, you are your only limit. This is what the power of Decentralization and DigiByte is all about. Manifesting the imaginations of thousands of people to create a new paradigm structure to empower humanity. We are collectively unlimited.
Some visionary investor tried to establish his view stating, I see a future where Bitcoin is fully adopted as a store of value a Gold 2.0 and will be used by banks and hedge funds a future where CBDCs are the norm. This is when DigiByte will become what Bitcoin was designed to be a truly decentralised fast secure payment system Bitcoin 2.0.
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