1 Level
5 Review
1 Karma
Review on DigiByte by James Catanzaro
Today, a growing number of people in Venezuela are now using Digibyte for…
Today, a growing number of people in Venezuela are now using Digibyte for payments, due to the collapse of their national currency. The same thing is happening in Turkey. A few weeks ago, when the Turkish currency started tumbling, Digibyte volumes shot up alongside those of Bitcoin That’s a key indicator that people believe Digibyte can be a viable alternative to government controlled currency. This is a huge step, one that validates the usefulness of Digibyte (DGB) on the basis of its decentralization, and its community driven nature, which eliminates any possibility of it getting censored by any nation-state.
Pros
- This will add to the awareness levels of Digibyte, further adding to its intrinsic value. In essence for an investor looking for a crypto with an element of longevity and a strong intrinsic value to it, Digibyte is definitely the coin to watch. A return of positive sentiment in crypto, coupled with a higher level of adoption, could see it test $1 in the near-term
Cons
- The whole idea behind this hard fork is to make Digibyte friendlier to GPU miners, hence maintaining its decentralized nature. By maintaining true decentralization, Digibyte (DGB) stands to gain more adoption as people turn to politically neutral money. Outside of its usage as a currency,
