The latest roadmap released by DigiByte (DGB) is a pointer to the altcoin’s regeneration and awakening. This is because it is part of the older class of cryptocurrency projects. Meanwhile user adoption is yet to grow to the level of the top cryptocurrencies.
Since its launch in January 2014, DigiByte (DGB) has steadily grown in size and can now be considered as one of the larger decentralized UTXO blockchain platforms available in the market.
As the fame of cryptocurrencies keeps expanding, the need to develop secure systems that are free from any third party interference is on the increase. This is where DigiByte, a cryptocurrency whose focus is on security, speed and decentralization, fits in.
Digibyte (DGB), at its core can be referred to as a growing global blockchain that has been designed basically to focus on the problem of cybersecurity within the sphere of digital payments and decentralized applications. It hosts a network that is more scalable, more secured and faster than other major cryptocurrencies in the space. DigiByte has a committed community and nearly 100,000 nodes across the globe.
Observing Digibyte (DGB)
The altcoin has undergone a revival in the past year having experienced several declines over the years. Despite its longevity, DigiByte (DGB) has been unable to successfully break into the top stratums of the crypto market.
However, it has the capacity to be the best cryptocurrency in the crypto space as it has never been hacked. Coupled with that, DigiByte possesses remarkable speed and security, but the lack of substantial whitepaper and alleged lackadaisical attitude displayed by the altcoin in not vigorously pursuing its positioning in the market has seen it lag behind as other cryptos have overtaken it.
A Change In Direction For DigiByte (DGB)
Interestingly last year was a good one for DigiByte specifically in December when the altcoin value went up 120% in 12 hours making headlines globally. Even though this has not really been sustained, the possibility of the cryptocoin becoming more revered in the crypto space cannot be cancelled out.
DigiByte (DGB): Progress Ahead Of Curve
DigiByte (DGB) has been able to establish a reputation for being on the cutting edge of crypto-development. It had from time to time contributed meaningfully to the crypto space. Its DigiShield technology was able to gain extensive acceptance as a solution for difficulty adjustment. It was the first blockchain to implement SegWit ahead of Bitcoin and Litecoin, although MultiAlgo mining, another area pioneered by Digibyte in the blockchain industry, is yet to catch on.
DigiByte (DGB) has been able to face scalability issues that the other blockchains have not yet faced as it has the longest blockchain in existence. The blockchain of Digibyte is over 5million blocks long.
Even though the news has been pretty much quiet for DigiByte, the team has been hard at work with varied development. Some of the most notable achievements released in Q3 include appearing at Digital Currency Con 2018, the Android, IOS, and the Guarda DGB Web Wallet release.
Amongst Digibyte’s future plans is the intention to support the development of smart contracts on top of its blockchain. DigiByte.JS will provide a dependable API for JavaScript apps that need to interface with the platform. This is because the community of developers is need of reliable, open-source tools to execute DigiByte apps and services.
According to its latest roadmap, DigiByte platform will support AI and IoT applications built on its blockchain. It would launch a Digi Messenger App, a Digiman Browser app, an artificial intelligence assistant as well as look into the enhancement of its speed and scalability amongst others.
From The Look of Things
The DigiByte blockchain was basically designed for the development of secure, decentralized applications that has the capacity to engineer advancements in the field of banking, social media, merchant websites and wherever authentication is needed. Below is a recap of some of the unique features that makes Digibyte (DGB) distinctive on its own.
What is Digibyte (DGB) Bringing to the Table?
- Cybersecurity- maximizes the security of applications based on its network
- A focus on Internet of Things (IoT) devices
- Artificial intelligence (AL) integration
- Systems that are market tested
- Scalability enhancement- Increased speed of transaction processes
- Currently the only active blockchain to hardfork from single mining algorithm to Multi Algorithm Mining
- It has a growing online community
- It has been tested and used on various decentralized exchange platforms to secure highly explosive, sensitive and confidential data as well as client information.
- A focus on Internet of Things (IoT) devices
- Artificial intelligence (AL) integration
- has hacking protection mechanisms in place
Digibyte is definitely one of the altcoins to hold in one’s portfolio as an investor as it has shown resilience that few cryptos can boast of. The latest roadmap of DigiByte is an indication of its awakening and desire to take its place in the crypto world.
