How successful is DigiByte in competing against major cryptocurrencies? Is DGB here to stay?

How successful is
DigiByte in competing against major cryptocurrencies? Is DGB here to stay?
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DigiByte is a software or an open-source blockchain designed to compete with significant cryptocurrencies by prioritizing scalability and cybersecurity. The platform provides certain additional features which further enable the users to issue the assets and launch the applications. The current market price of DGB is $0.121, and it has geared up by 6.10% for a week, making a market capitalization of more than $1.69 billion.

DGB token was mined as a fork of BTC in 2014. DigiByte’s protocol aims to leverage the multiple mining algorithms and helps to enforce the monetary policy with a max supply of 21 Billion coins. DGB is a modification of BTC with better speed, capacity, and security. It is a freely tradable altcoin that can be traded on many exchanges, including Huobi Global, OKEx, VCC Exchange, Upbit, and Binance.

DigiByte offers the blockchain with the utmost security, and it is widely recognized as the safest crypto in the market. This is because of many crucial technologies employed for the project. For securing the blockchain and for reducing the risk of double-spend, the platform uses five proof-of-work algorithms. These five different algorithms help maintain security and prevent the ASIC miners from confiscating a lot of power.

For the safe management of the assets, DigiByte has come up with the DigiAssets and Digi-ID feature. The network has recently introduced the AntumID Authenticator Multichain, which enabled the users to get a new authenticator for supporting DigiLaunch. DigiTracker has added an element of a facelift with the launch of a new version making the DigiByte community excited about the app.

Compared to most other cryptocurrencies, DGB technology performs a lot better; this makes it one of the excellent performing altcoins. The coin indeed suffered many losses in the market, but its growth still seems reasonable compared to many other cryptos. After its March crash, the coin’s performance seems promising.

Although the gradual increase in the price of DigiByte has not made it to the top crypto, the investors have learned to watch for the performance of the asset. Despite its slow rise recently, the coin has enormous potential, and it might grow in coming years in full bloom.