DigiByte
DigiByte since its inception (2014) has shown of with some interesting numbers on the trading charts. This coin aims for the title of being a professional and transparent decentralized cryptographic currency where the focus has been placed on implementing usage of the coin as an everyday regular use currency meant for spending.
Crypto currencies with low total supply usually end up more as a speculative commodity rather than a transactional currency, DigiByte hopes to bypass this by supplying a total of 21 billion coins that can be mined, so there should be enough coins out there for everyone who’s interested.
For now a total of DGB are in ciruculation in the block chain. Receiving a transaction registration is fast, but a full confirmation for a DigiByte transaction requires 6 block chain confirmations which takes about 6 minutes.
Digibyte made the choice to pre-mine 0.5% of their coins to use for donations to developers and other contributors to the community. As usually with pre-mine, it paves for some funny thoughts regarding in who’s wallet or exchange the coins are going to end up in. In though of this, DigiByte has chosen to make the pre-mine wallets public on their website. With all the new alternative coins on the market including scam coins it’s not hard to understand that people are having issues trusting the concept of pre-mine. In the case with DigiByte, those who are sceptical can analyze the pre-mine distribution and then decide for themselves.
Another good view the DigiByte seem to have is that the crypto coin market should not be stuck using one coin. There should be multiply alternatives just as it is with all the different payment alternatives that are available online today. They showed this by helping out Dogecoin by giving them permission to use DigiShield difficulty algorithm for their difficulty reconfiguration as a solution for solving their problems with multipools eating up all the blocks with big rewards. It’s always awesome to see the different crypto coin community’s helping each other out!
The DigiByte development team has calculated a value in representation by the national ratio 1BTC:1000DGB to Bitcoin, which would land it at a value of around $ 1 to $ 10. The road to get all the way up to that price from the current value of $ 0.0000035 seems quite far, but then again, you can never be sure.
I have held DGB for years now and it is still in negative territory. I doubt this one will ever get to 1c ..... just my 5c worth.
I do not risk investing in this currency. Early forecasts were much more optimistic than reality. Thank you very much for your comment!
Digibyte has good potential to grow when market starts to grow
Maybe you're right)
digibyte is a segwit coin. it will probably shoot up in value once lightning network launches
I think it's quite possible!
Exactly what I'm hoping to piggy back on!
Nice post and upvoted.. keep steeming..
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Deal is a Deal.
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Good points in this post. Interesting to see I'm not the only one that is thinking about this. Cryptos will probably go through a more extreme pattern that bitcoin went though. High ups and high downs before it becomes stable. We really need more insights in the market and previous investment results. I was wondering if anyone of you uses: https://www.coincheckup.com This site gives a complete analysis and investment stats on every single tradable crypto out there.