It is no doubt that the Bitcoin hype is dying and altcoins are offering alternative value propositions when it comes to crypto investing. Digibyte (DGB) is by far the biggest threat to the popularity of the original cryptocurrency. The current DGB value might be way below BTC but the platform boasts of its state of the art infrastructure.
Digibyte secure infrastructure offers faster speeds than bitcoin and is one of the largest live blockchain in the market today. This is a true 2.0 outfit that has its price tied to the Nakamotos’ brain child. However, its superiority lies in its three tier structure with processing, dApps and smart contracts running independently. These are cross chain functions with ability to communicate with other blockchains giving it a hidden potential.
Digibyte Viability and an Option to Bitcoin
When Bitcoin hit a high of $19,000, Digibyte (DGB) rode along abut when the price of BTC tumbled, it hit the ground harder than DGB despite the ties. The growth brought the small coin to the media limelight and more investments came onboard and the digital asset has never looked back.
Learning from Bitcoin, the platform uses similar balance verifications like Bitcoin through UTXO. This negates that process of using holder wallet address. What’s more; Digibyte node population stands at 43,000 against Bitcoin’s 7,400. At the time of writing, DGB coin supply surpasses that of bitcoin 100 times.
Earlier this year, McAfee predicted that DGB is positioning itself to take on Bitcoin. This has come to pass and the platforms security upgrade is posing a huge threat to market leaders and in particular Bitcoin. Digishield and Multishield and the platform drivers that are ideal for an open source blockchain outfit of the future.
Digibyte Popularity Sources
Digibyte entry in to the lass ventured into gaming industry has endeared it to many gamers. The DigiByte gaming interface is turning the addictive activity in to a rewarding experience. Participating on the game gives your DGB rewards. Through game tokenization, DGB spend-ability and usability have given the platform a real world user cases in an industry dominated by few multinationals.
Compared to conventional market leaders in the gaming arena, tokenization has seen prices significantly come down with ardent players getting rewarded and growing their crypto portfolio thanks to DGB. The adoption might be slow but in the future, the coin is set to stamp its authority in the gaming and entertainment market and there will be no turning back.
Digibyte is not an Altcoin
As much as Digibyte is trying to correct older coins ecosystem failures, it has become more of an auxcoin than an altcoin. It appears to be taking leadership in the auxiliary payments front and this will pose a huge challenge to Bitcoin. This, with the cross-chain capabilities, will be able to sustain its economy in the future.
As a fast mover coin, Digibyte is becoming very popular and the passionate community offers it an edge over Bitcoin. It has faster transactions and in the next 8 years, the platform will be doing 2000TPS. The cross chain compatibility is another plus that will turn DGB the coin of choice and a dApp based platform.
The drop in BTC price has had a ripple effect across the crypto market and DGB was not spared. However, at the time of reporting, DGB price in in the green after marginally gaining against the dollar by 6.49% to trade at $0.026181. Digibyte (DGB) is ranked 33 by market cap that currently stands at $279,926,783.