Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

DigiByte (DGB): Price Update, Recent Developments, Community, Future Events

Published 08/20/2021, 12:00 AM
Updated 08/20/2021, 12:30 AM
DigiByte (DGB): Price Update, Recent Developments, Community, Future Events

DigiByte (DGB): Price Update, Recent Developments, Community, Future Events

  • DigiByte is a crypto project which improves on the Bitcoin blockchain to bring more security, speed, and scalability
  • The DigiAssetX and DigiAssets v3. are currently in development and will bring significant improvement to the Digi Network when launched
  • Coinbase (NASDAQ:COIN) has announced DigiByte as a cryptocurrency it would like to list, but with no real date yet
  • The DGB coin has been on fire in the last 7 days, soaring by more than 26%

DigiByte is a longstanding public blockchain and cryptocurrency having launched in January 2014. The DigiByte project implements five algorithms to become more secure, faster, and support more scalability than the Bitcoin network. Currently, DigiByte boasts speeds 40 times faster than Bitcoin.

The implementation of multiple algorithms makes DigitByte similar to many other blockchains. DigiByte coin can be mined with consumer-grade hardware. Users can design decentralized applications (dApps) for customers using its custom suite of smart contracts, as well as create customizable crypto assets known as Digiassets.

DigiByte Recent Developments

DigiByte entered August completing a huge milestone; the announced completion of a huge chunk of the anticipated DigiByte v8.22 project. After developers completed the upstream merge of BTC v22 into the new DigiByte v8.22, it was announced that the upgrades passed the test.

DigiByte completed the week by trending on Twitter as one of the top cryptos. As a result, the social engagement of DigiByte spiked by more than 192%, reaching its highest point since May 2021.

Future Events

There are a number of future events for the DigiByte community to look forward to. DigiByte update version 8 (v8.) is currently being worked on.

The DigiAssetX and DigiAssets v3 are still in development. While this is exciting news to look forward to, DigiByte is yet to announce a time frame for the completion of these projects. HODLAssets is using DigiByte in their NFT marketplace.

A DigiByte partner, ThreeFold (peer-to-peer internet ecosystems), has been teasing some DigiByte development news. The initial collaboration between both projects was to work towards creating consumer and enterprise-grade projects on the ThreeFold Grid. However, there has been no news ever since.

Earlier in the year, Coinbase dropped a list of cryptos that it will be looking to add to its platform, including DigiByte. Reports are that we could see DigiByte listed on the leading crypto exchange anytime soon.

On The Flipside

  • Despite being one of the oldest blockchain projects, DigiByte has struggled to impose itself in the crypto world.
  • While the project makes major improvements to Bitcoin, XRP, and Litecoin, it lacks the popularity of the leading cryptos.
  • In terms of market cap, DigiByte is ranked as the 86th largest, with a market cap of $1.03 billion.

Price Update

DigiByte (DGB) has been in the news this week for being one of the top-performing cryptos. Over the last 7 days, it has spiked by 26%; from $0.052 on August 9 to $0.07 on August 16. Over the last 24 hours. DGB is up by more than 5%.

Price Chart of DigiByte (DGB) over the last 7 days. Source: CoinMarketCap

The trade volume of DigiByte has also seen remarkable spikes in the last week. On the 9th of August, $28.6 million worth of DGB was traded in 24 hours. On the 13th of August that value reached $100.2 million.

Community

The DigiByte Foundation refers to itself as a community and not a company, hence the amazing community involvement and support for the project. Because DigiByte is an open-source platform, discussion about code base improvements happens in GitHub issues, in the Protocol channel on Gitter, and on pull requests.

The DigiByte community was actively involved in the last upgrade. Contributions towards the development of DigiByte’s core projects come from the community in the form of peer review, testing, and patches.

Why You Should Care?

With its future events – DigiAssetX and DigiAssets v3 – DigiByte is gunning for the mass adoption of the DigiByte Blockchain which holds more promise than conventional blockchains.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Latest comments

DGB will skyrocket secure your future today!
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.