Digibyte has some of the lowest transaction costs in crypto. As per a recent tweet by the DGB team, it takes roughly $0.0000059 to send $20,000 using Digibyte. That’s pretty negligible. However, one can argue that there are lots of coins out there that can do this for free, so it shouldn’t be a big deal, right? Well, it’s a big deal, because even with fees, DGB is still a winner for several reasons.
First, while there are lots of feeless coins out there, most of them are centralized. This gives too much power to a few entities and that is a risk. This exposes such coins to pump and dump schemes that can be detrimental to their long-term growth. Besides, such coins always run the risk of being attacked by hackers. That’s because they have centralized nodes, which means they have a single point of failure and are easy to attack. Simply put, they may be feeless but the risks far outweigh this benefit. When using them, you always run the risk of losing all your money to hackers. That’s definitely not worth the risk when it comes to sending money online, just in the pursuit of zero fees. You would be better off paying a small fee to use a decentralized network where the risks that come with come with centralized systems are pretty much non-existent.
This factor makes Digibyte (DGB) a pretty worthwhile coin, one that has what it takes to outcompete most feeless but centralized coins. One thing that makes Digibyte (DGB) highly competitive is that it was decentralized from the very start. Unlike most projects that started off as ICOs, Digibyte was a community project from the very start. This means that there is no central point of failure when it comes to Digibyte (DGB), and no one can censor your transactions. You will never need the permission of anyone to make a transaction on Digibyte (DGB). This is a powerful feature, one that could see Digibyte (DGB) become quite worthwhile as a currency, even if it has a small fee to it. As more people get to understand and appreciate the true nature of decentralization, and the need for it, the value of Digibyte (DGB) as a payment system will soar.
Besides, Digibyte’s decentralized and secure nature makes it quite useful in other fields such as the IoT market. That’s because this market will require top-notch security, especially for autonomous systems.
Based on the above, it is safe to argue that Digibyte (DGB) is headed for some good times ahead, as awareness continues to grow. As long as the Digibyte (DGB) team continues to drive up awareness, this crypto is definitely a gem. It has what it takes to make it to $1 or more going into the future, and things are slowly taking shape in this direction. Venezuela is a perfect example of a country where Digibyte has gained significantly in adoption, as people turn to it as a currency. And with the failings of centralized systems due to increased hacking sophistication, the doors are slowly opening for Digibyte (DGB).