Review on DigiByte by Serina Cravens

Name: DigiByte
Item: DigiByte
Rating: 5

September 18, 2018

3. Secure DigiByte also claims to be more secure than other currencies…

3. Secure
DigiByte also claims to be more secure than other currencies. Putting security first to DigiByte means making sure the entire platform is as decentralized as possible. This is part of the reason why DigiByte’s team hasn’t grown significantly.
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They’ve left much of the promotion and development of DigiByte up to the community, in true decentralized fashion.
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As a forward-looking investor, Digibyte is one of the projects to pay close attention to in crypto space. As more people get to understand crypto, they will realize that projects like Digibyte are highly undervalued when compared to what they can achieve in the market.
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It could easily close the year at $1 and above. This is a good time to invest in Digibyte (DGB), and make a kill as its value appreciates. There is absolutely no reason why it can’t hit such a valuation.
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Pros

1. Ease of use: Digibyte (DGB) benefits immensely from more convenient access by investors thanks to easier to use wallets. One such wallet is the newly launched Guarda Digibyte wallet that is now available on Google Play. This wallet can play a major role in driving up volumes into Digibyte for a number of reasons. First, it has a very simple design, which means that the average Joe who is not well versed in crypto matters can use easily and invest in Digibyte. This wallet also allows investors to exchange their Digibyte for other cryptos such as bitcoin, Ethereum, and Monero, without compromising the security of your private keys. With such strong features, this wallet will play a major role in driving up volumes into Digibyte, and the same will reflect on its price over time.

Cons

Lack of Use Cases/Differentiation Many investors are of the opinion that DigiByte has no real use case advantage over its more popular competitors in the crypto space. Wallet The funds in DGB are stored in the official DigiByte wallet available on their website. It requires to run a full node and store the DigiByte blockchain. This requirement adds a hurdle for first time users. Summary Overall, I’m neutral on this project. Off the bat, I don’t see any major flaws with it, but I’m also not sold on its merit over other coins. The multi-algo approach seems like an innovative way to ensure decentralization since only 20% of blocks can be mined under each algorithm. It’s reassuring that DigiByte can’t be taken over by ASIC miners, like Bitcoin has been. However, DigiByte has been in existence for about 5 years and I’m just now hearing about it. Why doesn’t this coin have more hype or a more vocal community? Coins need more marketing and PR to break all of the noise and get adoption. 2. New Awareness Team (The only part where DGB lacks) Digibyte is also set to benefit from the newly launched Digibyte awareness team. They are involved in actively creating awareness about Digibyte (DGB). Their efforts seem to be bearing fruit with the increased publicity that Digibyte is getting in the mainstream media, and a higher number of exchanges listing Digibyte. Their efforts are guaranteed to succeed in the long-run since from a technical perspective, it is probably the best blockchain project in the market. It is unrivaled in security, scalability, and speeds. Best of all, it is probably one of the most decentralized cryptos out there. It is a project that can sell itself in the market. All it needs is a little push through marketing.