After DigiByte got a boost in the form of the latest positive changes in its price, potential investors got a bit more interested in investing in this coin. This is a huge step for DigiByte as this coin is said to be unknown in the world of cryptocurrencies. So, what is DigiByte and does this coin has hidden potential, or is it just a sleeping currency?

Everything you need to know about DigiByte

DigiByte is a blockchain based layer that is using five different mining algorithms at the current moment. These algorithms are there to enable maximal security and undeniable safety for as a blockchain based technology, DigiByte has the same goal as Bitcoin and other similar currencies – and that goal is to deliver a unique experience of being able to perform fast transactions within the blockchain based network.

DigiByte is stepping up its game with a couple of different layers, so we have digital asset layer and the application layer. The application layer serves the purpose of having the ability to create decentralized apps, commonly known as Dapps. That means that this layer can be considered as a form of an application store, much like Google Play Store. Ethereum, just like DigiByte, also enables users to create, upload and download applications specially made for blockchain based networks.

However, DGB isn’t as massive as ETH and Ethereum is a large platform that hosts several coins across its platform, unlike DigiByte.

This layer, however, also makes centralized applications possible to make and distribute across its blockchains, which is considered to be a fine business move made to attract companies to invest in DGB and use DigiByte layers.

The first layer we have mentioned, the digital asset layer, enables users to communicate across the blockchain network on a daily basis, that way enabling fast and easy interaction between users who choose to interact.

So, you can conclude based on what DigiByte represents that this blockchain network isn’t just out there for the sake of solely existing and hoping to get some profit. The developers behind DGB had thought through all the details that eventually helped them design a pretty neat and easy to use a currency that runs on nodes and makes for a safe way of making transactions in a new decentralized fashion.

How well is DigiByte doing at the current moment?

The reason we have decided to mention DGB once again is the fact that this coin has seen some improvements when it comes to the terms of having its price raised at the beginning of February of the following year of 2018.

Within this period, DGB has managed to reach an amazing boost that went up to over 70%, consequently raising its price against the dollar. However, the latest change in the price that occurred in the last 24 hours is slowly changing the newly acquired success in price as DGB has fallen for over -2% against the dollar while it fell for over -5% against BTC.

The reason why DGB might not be that interesting for the general public, although it started to get more points on popularity with the latest rises in price might be the fact that this coin in many ways imitates Bitcoin.

This fact is not entirely true despite the general opinion, as DGB developers implemented some additional protocols and functions in the form of layers that gave this currency an almost unique profile in the world of cryptocurrencies.

Whatever the case if, DGB is now worth 0.043$ per one unit, which makes it a nice opportunity for bulk investments.

DigiByte Future Projects

What might persuade you that DigiByte is more than just a sleeping coin, is the case of the latest announcements of various partnerships and projects DigiByte is planning on launching in the following two years.

That is how DigiByte has announced the arrival of several projects as seen on their official website. So we have DigiMessenger – this project should enable easier communication in the form of decentralized application similar to traditional messenger apps. Besides from DigiMessenger, you can look forward to Digi-ID, Digi-Bot, Digi-Hash, Digi-Playground, DigiSeeder and more projects that you can check on DigiByte’s official site.

With the announcement of DigiByte foundation programs like the ones mentioned above, you can also take advantage of foundation core programs made in the form of Partnership Program, Ambassador Program, Development Team and Board of Advisors. All of these core foundations are made to enable better functionality, updates within the running software, easily making partnerships with companies, individuals, and investors and well as recruiting local ambassadors to promote DigiByte and its core ideas.

It seems that the development team behind DigiByte is stepping up their game, possibly stating that DigiByte doesn’t exist as an imitation of much older Bitcoin, but rather has bold developmental plans that could draw in more serious investors.

Do you think DigiByte has a hidden potential? Or instead in for a case scenario where DGB will go back to sleep for another four years of somewhat passive existence?

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

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