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September 26, 2018

DigiByte — Superior with never a Single Point Of Failure

Most people know already about the superior features of the DigiByte blockchain: DigiByte is the longest, fastest, cheapest, most secure and most decentralized blockchain, unlike any other blockchain that currently exists. Because of it’s superior features DigiByte is the most suitable blockchain for many different applications. DigiBytes are digital assets that cannot be destroyed, counterfeited or hacked, making them ideal for protecting objects of value like currency. With the available iOS and Android wallets in 50+ languages, DigiByte is a great asset to be used as store of value or for payment in countries suffering hyper-inflation, like Venezuela. It’s also the most manageable cryptocurrency to be integrated in payment processing solutions for e-commerce platforms. Moreover it is being used as incentives for miners and developers. There is also a potential for DigiByte to be used as virtual money in the gaming industry.

The ultimate security is the reason that the DigiByte blockchain is not only ideal for protecting objects of value like currency, but also for protecting information, property or important digital data. Because of that, the DigiByte blockchain is a great technology to build real-world utility and applications focussed on CyberSecurity, AI and IoT. Some examples are DiguSign or Digi-ID (www.digi-id.io) and a project Jared Tate (Creator & Founder of DigiByte) is currently working on with Real Estate where people will be using it and even not realize that it’s on a blockchain (apart from a note that it is ‘powered by DigiByte’). Another exciting opportunity is the fact that developers are putting the final touches on the DigiAssets protocol, which will alllow the DigiByte blockchain to be an easy-to-use platform for ICO launching.

Being superior normally means: being on top with all pressure, positive and negative aspects that comes with it, like dominance, high expectations and overvaluation. This is however not the case with DigiByte. DigiByte is an underdog, undervalued and for sure, because being superior, does not get the recognition and appreciation it deserves. But this is changing and being notified by many others. DigiByte is already working his way to the top of Crypto Market Capitalization and will finally get to a fair value.

So, why is it that DigiByte is not being hyped and just steadily growing towards a justified valuation, recognition and value? It’s because of the decentralization, that seems to be the magic word when talking about DigiByte. DigiByte is not only one of the most decentralized networks, but also managed and developed by a truely decentralized community. This is quite unique and unlike any other project. Some people might think that being decentralized is a weak point because of no central organization with a clear authority and officers at different specialized positions and without money to invest in marketing campaigns and other projects. But is being decentralized really the weakest point? The answer is: not al all. It’s the opposite. It’s the strongest point. First of all a part of the ‘organization-problem’ has been fixed by the DigiByte Awareness Team (DGBAT), an organized part of the community. The so called ‘marketing company’ behind DigiByte, controlled by the decentralized community and supported by the DigiByte Foundation and Core-team.

The most important reason that being decentralized is a strong and powerful feature, is because there will never be a Single Point Of Failure. In a decentralized community there will be no chance of fraud, corruption or illegal actions. Something that actually could be a risk when dealing with ICO’s and with a central company managing the project. A decentralized community has a self correcting system. If someone fails or seems to have wrong intentions, he or she will immediately called to account by the community and can even be excluded from the community. This means the DigiByte community is without doubt the most reliable, honest and self-improving community. Just like the technology itself, DigiByte decentralization delivers not only the most secure and trusted network but also the most secure and trusted communtity. The future of DigiByte hasn’t looked any better than today and this will not be left unnotified.

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