DigiByte Collaborates With Threefold Grid To Further P2P Decentralized Internet Capabilities

The partnership intends to harness Blockchain’s capabilities to promote a fully decentralized internet ecosystem

  • DigiByte onboards ThreeFold grid to enable their developers and communities to deploy Digibyte nodes on the peer to peer ecosystem.
  • The grid is now available to over 21 jurisdictions globally.

Peer to peer Internet firm, ThreeFold through a post revealed a partnership with DigiByte. They intend to harness Blockchain’s capabilities to promote a fully decentralized internet ecosystem.

They now seek to combine their efforts to launch user and developer projects on the peer to peer grid managed by ThreeFold. The developer community from DigiByte, now with access to the grid, allowing them to deploy their DigiByte nodes independently by utilizing smart contracts feature on the ThreeFold network.

The alliance has also urged potential contributors from DigiByte communities to take advantage of the grid’s potential for their own personal use. Laid down step by step procedures for launching the DigiByte nodes have also been provided on a ThreeFold forum

DGB-Threefold

DigiByte launched in 2013, has morphed to provide one of the most secure UTXO Blockchain thereby capturing a large following in the crypto communities. It is governed by the DigiByte foundation, a non-profit mostly ensuring that the decentralized nature of the Blockchain is upheld.

With their DGB currently trading at $0.018444 recording trading volumes of around $14,527,464 in the past 24 hours. There are about 13,183,077,253 DGB in circulation according to Coinmarketcap as per this writing.

DigiByte co-founder, Rudy Bouwman was particularly proud to work with ThreeFold according to his twitter post.

“The @DGB_Foundation is proud to be a partner to ensure further global decentralization.”

Having been live for almost two years the ThreeFold grid has extended its reach to global scales now covering over 21 nations. This year April they launched their ThreeFold Grid V2.0 supporting a min of 600 active nodes boasting bandwidth capabilities of over 40 million Gigs. Other partners now in their fold are HP, TomoChain and Stellar.

Founder recently step down from DigiByte Active management role

Notably, DigiByte Founder, Jared Tate recently stepped down, distancing himself from any direct contribution to the firm. In a series of tweets, he ranted about the main motivation of the majority of stakeholders being mere short term profits.

He was opined that the very beneficiaries of DigiByte should be able to give back citing individuals and organizations that have milked the DigiByte cash cow and yet never contribute to the growth of its ecosystem.

“All 90% of the people care for is cashing out when a coin “moons.” Its a primal force. I get that. But every day I see this tech being used to enrich the few at the expense of the long term good of the many.”

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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