A relatively young cryptocurrency project called DigiByte is still in the development stage. However, according to analysts, it can become an attractive investment tool that can bring profit over several years.
Features and characteristics
People interested in mining, investing, or trading this digital crypto-asset should first familiarize themselves with the features of the DigiByte blockchain.
The distinctive features and technical specifics of the DGB blockchain include its three-layer structure:
- the top public layer, called the Applications Layer, is responsible for enabling transactions;
- the second layer Digital Asset, which acts as a technical layer, is responsible for user safety and protection of transactions;
- the third technical layer, Core Communications Protocol, serves as the basis for maintaining the infrastructure of the cryptocurrency project.
200 thousand servers located in different countries of the world are responsible for the operability of the crypto network. Each transaction carried out within the crypto network is recorded in a special secure electronic register. It excludes the possibility of destruction of information about operations and the possibility of amendments to it by third parties. The developers of the coin also took care of users interested in where to mine the token. Miners can rest assured that the crypto network uses a special crypto mining algorithm to resist external attacks.
The unusual structure of the blockchain and the SegWit software algorithm embedded in the DigiByte coin code help to provide the necessary bandwidth for the crypto network. Immediately after the start of the crypto platform, it was able to process 280 transactions per minute. However, this figure will gradually increase during the development and popularization of the project among investors and miners.
DigiByte tokens are digital crypto assets that cannot be hacked, altered, or stolen. Thanks to these properties of this coin, it has become a full-fledged payment instrument, used mainly to pay for goods and services on the Internet. Also, this coin is suitable for forming an investment portfolio or storing funds in the format of digital assets.
With a detailed analysis of the technical specifics and features of the blockchain of the crypto coin DigiByte, it becomes clear that the authors of this coin managed to create the longest and fastest blockchain on the market. True, it should be noted that the bulk of the technical potential of the cryptocurrency has not yet been realized by its authors.
For this reason, not all analysts and observers of the crypto market take seriously the prospects and profitability of trading the DigiByte cryptocurrency. Despite the uniqueness of technical solutions, ensuring an unprecedented level of security of funds and transactions still exists more on paper than in reality.
But still, investors believe in this cryptocurrency, which is confirmed by the fact that both ordinary users and commercial structures have invested in this project.
DGB prospects for the future
The prospect of the DGB cryptocurrency is seen by many analysts as positive, despite the low market capitalization and coin value. The ease of use of this coin, together with fast processing and transaction processing, makes this asset a full-fledged competitor for fiat money. It is because it can be used as a payment instrument along with dollars and other fiat money.
Also, market observers focus on the unhurried but stable pace of development of DigiByte, which is due to the desire of the creators of the crypto platform to offer users high-quality and fully developed technologies. As a result, this will help to minimize the number of software bugs and technical problems.
We must not forget about the unprecedented level of security that is provided by the decentralization of the crypto network. Due to the simultaneous and independent operation of five algorithms, not only a fair redistribution of remuneration among miners is achieved, but also the necessary level of security is provided. All this leads to almost zero likelihood of fraudsters interfering with the operation of the crypto network.
Should you buy DigiByte now?
Taking into account the available information about the DigiByte project, expert forecasts for 2021 for DGB indicate a high likelihood of growth in the popularity of this token and its ability to gain the status of a full-fledged payment instrument within several years. Such conditions form a positive investment background for potential investors wishing to invest in this crypto project.
At the same time, we should not forget about the desire of the developers of this token to make it a stablecoin with low volatility. It is due to the desire of the creators of the token to start competing on equal terms with fiat money in the online trading segment within several years.
Thus, the DGB token can be viewed exclusively in the context of a long-term investment object since this asset was created not as another hype coin but as a serious project aimed at changing the existing structure of the economy.
