Recently, Digibyte’s Josiah Spackman had a chat with Robert Beadles, and the discussion touched on the capabilities of Digibyte (DGB) in different fields. One interesting aspect to Digibyte (DGB) that they discussed was Digiassets.
According to Josiah, Digiassets will allow for the issuance of assets on the Digibyte blockchain. Josiah offered some valuable insights about all the amazing things that can be accomplished with Digiassets. For instance, with Digiassets, the issue of ticket scalping in the music industry can be solved. That’s because, when tickets are issued on the Digibyte (DGB) blockchain, everything is clear for everyone to see. There is no way that scammers can issue fake tickets.
This would save the music industry millions of dollars in lost revenues, and that’s a great source of value for the Digibyte blockchain. Josiah also touched on how Digiassets could solve the problem of overbooking in the airlines industry. That’s because, when an airline issues tickets on the Digibyte blockchain, the only tickets sold would be those commensurate to the number of seats in the plane.
From his examples, it is clear that Digibyte’s Digiassets will solve problems for a lot of other industries as well. The best part about it is that, the Digibyte (DGB) blockchain doesn’t have the problems that most of the other platform blockchains have. For instance, as compared to Ethereum (ETH), Digibyte doesn’t have the problem of scalability.
This means that Digibyte is more practical for businesses looking to issue assets. It also has an edge in terms of security. Digibyte (DGB) is one of the most secure blockchains out there, and is secured by 5-mining algorithms. This means that, an attack on Digibyte is theoretically possible, but almost impossible to pull-off in practice. This element of security places Digiassets in a good position for adoption going into the future. In fact, the probability of Digiassets being adopted in even more sensitive industries for assets issuance is to quite high.
With such massive potential, Digibyte (DGB) comes across as a high potential investment. Its current price and market rank may not mean much in the long run. That’s because, ultimately utility will be the key driver to crypto values. That’s because institutional money will flow more into projects that have a solid tech basis to them. Outside of Bitcoin (BTC), which is dominant, it will be difficult for institutional money to flow into altcoins that don’t have superior tech and good security.
In essence, for a long-term investor, Digibyte (DGB) is a good bet. Its price may be depressed now, but so is the price of everything else. The current situation is due to skepticism in the market after more than one year in the red. However, once institutional money starts coming in and prices rise, retail money will come back and prices will grow exponentially. This will see the entire market rise again, and cryptos with strong fundamentals like Digibyte will shine. It could easily make it to the top 10 based on its strong fundamentals.