There are over 1000 cryptocurrencies in the market today, but the truth is that a good chunk of them will fail. Even bitcoin the number one crypto at the moment could lose it allure over the years. The top crypto of the future has probably not arrived yet, or it is already here, just not hyped up yet. I have a hunch that the future of cryptocurrencies is here, and it’s Digibyte (DGB).
Digibyte happens to outperform most of the popular cryptos in the market on their core features.
For instance, from a transactions point of view, Digibyte (DGB) makes for the perfect currency. It is way better than the likes of bitcoin, Litecoin and ripple. Why is that? Well, first it is highly decentralized. Actually, digibyte is probably one of the most decentralized cryptocurrencies in the market. It is not a company, and has no CEO. It is a non-profit run by people who simply believe in the idea of decentralization. You are probably thinking, well, bitcoin is decentralized too, so this is not a big deal. Well, what you probably didn’t know is that bitcoin mining is currently centralized in the hands of a few Chinese miners.
In essence, if the Chinese government were to move against these miners, bitcoin transactions would lag for weeks. That’s not a coin that makes for a very good currency, is it? Digibyte’s decentralization comes from the fact that it has over 200,000 nodes all across the world. None of the major cryptos that most people know of today can match that. No entity can ever shutdown digibyte, unless they shut down the internet all across the world. Digibyte also happens to have some of the highest transaction speeds in crypto sphere. At the moment, digibyte can handle over 560 transactions per second, which is close to 40 times faster than bitcoin, and also way faster than Ripple (XRP). The best part about it is that these speeds are set to increase over the years, hitting unmatched speeds of over 200,000 transaction speeds per second in the 2030s.
But digibyte is not just good as a currency, it is also good for the development of smart contracts, and decentralized applications. This is the one area where Ethereum, and the likes of NEO are currently dominating. However, even on this front, digibyte is way ahead of the pack. That’s because it allows for the development of Dapps in one of the most secure and low cost blockchains in the world. Its speeds also make it stand miles ahead of the pack in terms of development and deployment of Dapps.
What’s even more interesting is that digibyte (DGB) outperforms the privacy coins in the own domain. As a matter of fact, some of the better-known privacy coins run on digibyte security. For instance, ZCash runs on Digi shield, an aspect of digibyte security.
In short, digibyte is an all-encompassing crypto, one that outperforms everything else currently in the market. Those against digibyte growth argue that the coin supply is too high, but that’s an invalid argument. In 2017, (XRP) a coin that has a supply close to 5 times higher than digibyte hit a valuation of over $3. That was an indicator that once momentum heats up, coin supply means nothing. This coin could actually catch everyone by surprise and emerge as the dominant crypto in the future.
This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.