DigiByte Introduces First Phase of its DigiAssets Blockchain Platform

Uncategorized by Blockspectator  | 3 years ago
2 min read

In a Tweet published last week, DigiByte has announced that they have begun testing their DigiAssets on top of their DigiByte blockchain platform. The tweet read:

“Testing for #DigiAssets issued on top of #DigiByte is going very well. These test assets are live on the $DGB #blockchain. The devs are testing the asset explorer, asset issuance, wallet integrations and more. Stay tuned for more info!”

DigiByte is a cryptocurrency that focuses on security, decentralization, and speed. Part of the older class of cryptocurrency projects, its age, and ongoing development over the past four years has led to what many believe is a ‘sleeping giant of cryptocurrency.’

In regards to security, the project is said to have features which make it much more secure and more resistant to potential attacks. This, of course, would make the platform more attractive for would be potential suitors.

The coin is also recognized as one of the more scalable projects within cryptocurrency- with the stated capability to process as much as 40 million transactions daily.

Due to the thoroughly decentralized nature of the project and their origins taking place well before this ICO craze in recent times, this makes DigiByte very much an uncensored coin. This allows asset owners to have full control over their tokens and minimal fear of a centralized authority shutting the project down, as is the concern with many tokens today.

DigiByte was also in the headlines last week, after their New Zealand ambassador, Josiah Spackman appeared on the IvanOnTech Podcast, to explain to everyone how they had been the victims of an alleged extortion attempt Binance.

With their long history and current development progress, it would be expected that DigiByte would have a higher profile within the crypto universe than they currently do, in the same vein this shows why their current price is extremely undervalued.

However, with this recent good news and the expectations of fundamental and technical progress expected, the project should not have any issues with reaching a future well-regarded price point.

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