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Is Digibyte Coinbase bound? DGB eyeing coveted Top 25 Spot.

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Is DigiByte Coinbase bound?

Digibyte Coinbase

Speculators hoping the Digibyte Coinbase rumors are true, are buying DigiByte in droves, driving demand and prices up rapidly.

DigiByte the forward-thinking blockchain network with many firsts, is creating a buzz throughout the cryptosphere after Coinbase’s blogpost listed them as a potential contender. There are many reasons why Digibyte could be one of the prime candidates. Digibyte is a completely innovative blockchain founded by Jared Tate, who has been working on the network since 2013.

The Digibyte blockchain network used for digital assets, smart contracts, DApps on a decentralized UTXO blockchain platform is truly permissionless. It is based on three different layers. The topmost layer is meant for smart contracts, customizable tokens, and DApps. The middle layer comprises the public ledger which facilitates the easy movement of the native Digibyte coin. The last layer at the bottom is the main infrastructure of the entire system which includes decentralized nodes, software, and the concurrent communication between each.

DigiByte never had any ICO and its launch was fair, open, and transparent. It also does not charge any percentage of block-rewards in the form of the founder’s fee. 

The core functionality of DigiByte works on key principles namely:

  • Decentralization maintained with diversified methods namely multiple algorithms, FPGA mining, On-chain scaling, full-node, etc.
  • The very foundation of DigiByte is its consensus mechanism heavily reliant on scaling, speeding, and durability as a future-oriented organization.
  • Permissionless network
  • On-chain scaling to increase future trading volumes

What makes DigiByte different?

The most unique thing about DigiByte is its security. The network uses 5 mining algorithms when usually, most of the networks use one. These 5 algorithms prevent mining centralization making the network more decentralized and secure. It also claims to possess the “most advanced difficulty stability” among present blockchain meant to protect the DigiByte blockchain from malevolent attacks and to strengthen security for the future. 

DigiByte’s undaunted focus on safety, scalability, and speed makes it a forward-thinking blockchain network. Its block timings are faster than any other blockchain on UTXO recording 15 seconds which is phenomenal. The SegWit Protocol was adopted by DigiByte in 2017 through a soft-fork consensus. It is the first major blockchain, even before Bitcoin and Litecoin to have done so, making it not just future-ready but also a reliable name in the blockchain industry.

Digibyte’s DigiAssets

One of the most novel innovations from DigiByte is the revolutionary DigiAssets that is a secondary top layer of the Blockchain. DigiByte’s persisted focus on security and scalability makes it an ideal base for it.

It has invested a great deal in ensuring that it takes forward its contemporary ideologies to continuously innovate. The Odocrypt algorithm is one such attempt that rewrites itself once every ten days in order to prevent ASIC dominance making use of FPGA mining. Such investment in the R&D will see to it that future algorithms also get replaced so that security is never sacrificed on the DigiByte network.

That’s not all, continuing its efforts to bring about trending disruptive concepts, it has created a real-time difficulty adjustment mechanism called DigiShield that ensures the immutability of block generation time regardless of increase or decrease in mining hash power. Now DigiShield is used by many blockchain projects like Dogecoin and ZCash. DigiShield was initially created for a single mining algorithm but it was later upgraded to MultiShield that ensures the stability of block timings across several mining algorithms. 

How is it produced and purchased?

DigiByte is known to have a stated distribution and supply schedule. In a period of 21 years, 21 billion DigiBytes will be created. Considering that it had no formal token generation event or ICO, any new DigiByte will always be created through mining. The last of the 21 billion coins will be mined in 2035. 

DigiByte can easily be purchased over major exchanges. In order to utilize DigiByte off these major exchanges, it is mandatory to download a DigiByte wallet. With more and more mining, users also have the opportunity to earn more Digibytes through mining. On the lines of Bitcoin, DigiByte can be used for both making payments as well as transferring value. It provides great ground to fuel the running of the DigiAsset smart contract network. It works like gas in Ethereum doubling as a tool to pay for transactions as well as the carrier for assets and codes to be traveled.

What’s Coming Next for Digibyte

Digibyte Coinbase 2020

The DigiByte network turned 6 this year, and the team has launched The DigiByte Foundation and DigiAssets. Dapps, POS solutions, and a whole bevy of features are all now major parts of the overall network.

DigiByte has an incredibly strong worldwide community, fantastic branding, and is a coin that the mass general public can understand and get behind. From POS solutions and payments to online gaming, DigiByte has many things going for it right now. With all of the momentum surrounding Digibyte right now, many industry analysts predict other major exchanges adding DGB in the near future.

DigiByte also has a very professional IOS App and Wallet on the Apple AppStore. You can get it here

Digibyte Coinbase 3


Furthermore, just 1 hour ago at 7:00 am EST on Friday, June 12th, AntumID posted this on their Twitter.

You can find the link to the tweet here.



Will DigiByte be listed on Coinbase? Check back in at DeFiRev.com to find out.

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Plutus Defi: Plutus Bonding curve listing details

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While PlutusDeFi had been busy with its bonding curve sale, it had registered a 2000% increase in Twitter engagement with 1500+ members on Telegram. The initial bond curve was offered on a dolomite.io DEX instance. The sale began on 21’ st July for a period of 24 hours with unsold tokens burned immediately. 

At the end of the bonding curve sale, the project has raised $500k in its seed round, $490K on its bonding curve, and $350 in its private sale taking the total funds raised to $1.35bn USD. As of now, 50% of the supply is sold taking the total amount of tokens sold to 60,000,000 PLT tokens. Close to 11.2 million PLT tokens were burned in the first 24 hours of circulation equating to 9.33% of its total supply, 22.5% of its seed round, and 49.77% of the entire potentially burned seed rounds getting destroyed.

The team at Plutus believes that the results of the process are better than expected. The team used a bridge toll model with a bonding curve to mature the token stabilization to make it seem that it has already reached a project maturity of 2 years. This has benefitted because it has increased the deflationary aspect of the token existing from 1-2 years within 24 hours. 

With the $PLT listing on UniSwap V2 complete, the starting token price will be USD $0.25c. It will provide liquidity towards both PLT/USDC & PLT/wETH.

More such announcements are on the anvil as Plutus DeFi looks for more collaborations and partnerships to fulfill its long-term DeFi commitments.

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MakerDAO reaches $1 billion mark in total value

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MakerDAO one of the biggest, oldest, and the most popular players in the DeFi space has crossed a new Milestone. The total value of cryptocurrency in MakerDAO has crossed $1 billion representing the amount of money that has been committed. DeFi projects are increasingly raising their own benchmarks by ranking high on popularity charts. MakerDAO is the second-largest protocol in the sector with a margin of $271 million already locked in and by crossing the golden $1 billion mark, created history in the DeFi market. 

Maker has successfully managed to hold its dominance over others standing at 27.1% followed by a second with the Compound Protocol with a total value locked up standing at $729 million. Maker protocol uses BAT or locked up collateral in the form of Ether (ETH) for lending. 

David Freuden, the co-author of “DAO: A decentralized Governance layer for the Internet of Value, believes that with continuous innovation in DeFi, the challenges for centralized finance might just rise making it difficult to cope. MakerDAOs achievement is certainly a big day in further establishing a bright future for DeFi projects.

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Trust Wallet’s game plan to expand its DeFi base

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Trust Wallet was acquired by Binance just 2 years ago and in a short span of time, Trust wallet has managed to expand its userbase to 5 million indivudals and beyond in the raging DeFi sector. The platform also claims that 10% of its user base can now access a gamut of DApps and DeFi platforms with its aggressive plans to expand into liquidity farming earning opportunities. 

Trust Wallet refuses to stop because it intends to keep pace with the rapidly expanding DeFi ecosystem by integrating token exchange platforms like Kyber and its own exchange BinanceDEX. Trust’s Android version with a built-in Dapp will give access to the DeFi world and umpteen protocols including Aave and Compound. In the future, the wallet intends to integrate a number of DeFi protocols on both the version of its apps to increase liquidity and provide access to liquidity pooling and protocols. The integrations will make it not just intuitive but also more secure for users.

The DeFi boom is showing zero signs of slowing down and progress in terms of newer protocols and more access to developers to build financial applications is being made every day. Trust Wallet’s strategies for long terms will include adding DApp functionality that satisfies the crypto users for the next few years. Trust Wallet is presently going step-by-step to follow the schematics of its own strategy.

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