Welcome to our DigiByte (DGB) news page. Here you'll find some of our featured DigiByte (DGB) Coin content pieces as well as all our latest DigiByte Blockchain Authentication posts.
DigiByte (DGB) Coin Announces ASIC Protection for Next-Generation Blockchain Mining
DigiByte (DGB) has recently announced that it will become ASIC-resistant and in turn, it will decentralize its network as well. In the announcement, the platform stated,
“We are proud to announce we are testing the next generation of #blockhcain mining technology. Imagine a mining algorithm that recreates itself every 10 days? No #ASIC could ever be created for. True #Decentralized #ProofOfWork #CyberSecurity.”
The platform also touched upon its interest in developing a predictable and repetitive switch of algorithm mining. Thus far, various cryptocurrency platforms have heartily tried to modify mining and first asking their communities in the process. Even if the algorithm does change, projects such as DigiByte will have to look forward to a new ASIC.
DGB is one of the only small coins that is attempting to grow its outreach program and with that, it aims to achieve widespread adoption. Trezor’s Model T Wallet added the assets, which means that there is more protection. Keep in mind that with this system, it is best to use the coin, rather than to keep it stashed away. The coin is available in the beta wallet, and it will be in stable version soon.
One tweeter thanked the platform for its Trezor adoption, stating,
“Bit thanks to @Trezor. #DigiByte is now available from Trezor Beta Wallet . . . Stable wallet will come in the following weeks!”
The platform’s coin is currently trading at $0.02 and it has been in a downward cycle recently as well. The platform depends on Bittrex and Poloniex for most of its trading and it interested in being added to Binance. The coin also has a 25-hour volume amount over $1 million.
Upcoming for DGB is that it could benefit from the discussions concerning a gathering of the London community that is scheduled to take place in about a week. The platform is hoping that the fan base will increase s well.
The platform’s market price has been lagging though, when compared to BTC. The platform’s trades are in pairs and its position is limited. It also has few fiat on-ramps.
V-ID and Digibyte Improve Digital File Security Using Blockchain Technology
V-ID and Digibyte Improve Digital File Security Using Blockchain Technology
V-ID is a system that offers digital verification of a given document within five seconds of uploading it. It verifies whether the file is original and whether any manipulation has occurred on it. More people and organizations are relying on digitized authorizations which have led to an increase of people faking ownership.
According to DigiByte’s chief marketing office, Rudy Bouwan,
"It’s important to enhance cyber security and the use of the firm’s protocol by firms like V-ID is exciting. Such firms require safe and super decentralized transactions which DigiByte provides. Authenticating documents on the blockchain without entrusting it to a 3rd party will help reduce fraud."
V-ID for Digital Verification
V-ID provides a platform where the true owner of a document can upload it and lock all the files in it. Since the documents will be on blockchain, they can be sent anywhere and to anyone without the threat of altering them. Once someone receives a document, they can verify it within 5 seconds and find out whether it’s original.
The platform doesn’t keep records of the documents which ensure that they remain with the true owner. The platform is a solution to some of the problems that have been a headache to many such as forging documents such as bank details, medical data and other ownership documents.
The V-ID platform will be powered by VIDT token with over 100million VIDT tokens in supply at 0.2 USD per token. The platform is already in use by big names such as Airbus Defense & Space.
UTRUST Crypto Payment Solution Integrates DigiByte (DGB Token)
Cryptocurrency player UTRUST made a major announcement today on the implementation of their payment solutions. The new announcement declared that they would be incorporating worldwide blockchain platform DigiByte into their system. The new integration of the two companies will be pivotal in providing users a secure payment solution to help them build an offline cryptocurrency platform for the major public.
Built to create a secure base use for cryptocurrencies for the mainstream public every day use on a universal scale in regard to payments, UTRUST will add the DGB cryptocurrency as a payment option. The new tokens from DigiByte will help UTRUST in the same way a similar move last month did, when they took on solutions using Pundi X.
DigiByte Awareness Team Marketing Manager Rudy Bouwman spoke his opinion on the matter with excitement and enthusiasm for the proposed integration, saying:
“We’re excited by the prospect of working with UTRUST and getting DigiByte to be your payment processing solution; this would allow us to grow organically and attract more interest as an open source solution. We hope not only to create a robust decentralized public blockchain but to change the world for the better.”
Both UTRUST and DigiByte are companies blessed with a great team, plus strong community, who each recognize their capabilities as well as huge benefits each company can give with their lightning fast, very secure and effective cryptocurrency transactions. Fees are substantially cheaper than any comparable costs on UTXO chains, also notably cheaper than almost any other cryptocurrency assets overall.
As for DigiByte, their team is highly dedicated to developing improvements, while at the same time having spent nearly four years in pioneering DigiByte as well as helping other crypto companies in putting their blockchain technology into effect. DigiByte has no central server of any type, making the system extremely secure on a global scale distributed node protocol – with no potential for single point of failure every commencing.
Digi-ID: DigiByte Blockchain Authentication Open Protocol?
What Is Digi-ID?
Digi-ID is a revolutionary feature within the DigiByte ecosystem which allows for reliable and authentic login options for the users within the cryptocurrency space. Under the DigiByte Blockchain, Digi-ID will seek to employ a simple yet straightforward security system that allows the users to log into different websites and application through its technological advancements.
How Digi-ID DigiByte Blockchain Authentication Open Protocol Works
DIGI-ID will allow for fast and effortless sign-ups and sign-ins which eliminates the need to use the old usernames or passwords requirements. The DIGI-ID process involves the solution generating a unique QR code that the user scans in the DIGI-ID enabled websites. Additionally, there is the option of browsing the code using the DigiByte wallet and ascertain the login credentials within the secure environment on blockchain.
The DIGI-ID technology plans on employing the following features to empower the authentication process through blockchain tech.
The blockchain-based cryptography will enable unfathomable security to allow for the authentication without the need for complex encryption
DIGI-ID users will not need to use the typical username, password or SMS-based authentication since the platform will complete each process through blockchain technology
With one installation, the DIGI-ID solution will allow for the readily built plugins or the potential user to also develop their service through the plugins
Terms Of Service
DIGI-ID is supposedly available for free to the users, with no future occurrence of in-app ads or potential future purchase.
The DigiByte platform seems to be building quite a reputation within the blockchain scene, and their latest solution in DIGI-ID looks like a potentially viable option to use. If the DIGI-ID succeeds in its website implementation, then the concept would fit within the crypto space especially with users who find it hard to remember their passwords or have weak logins.