DigiByte (DGB) is one of the oldest blockchains in the world. This technology was created in 2014 with a number of important features. Its developers claim that it is faster and more secure than Bitcoin and less expensive than its better-known blockchain brother.
Should we rush to the cryptocurrency exchange in order to buy some coins at the very bottom of the cycle, or is it unlikely that the asset will grow in the future? Let’s investigate!
What Is DigiByte?
DigiByte is a decentralized blockchain project supported by volunteer developers. Although it does not have large funds behind its back, it managed to enter the top 100 ranking according to CoinMarketCap.
The blockchain is highly scalable and has the lowest fees of any PoW network. It offers greater security and scalability than crypto giants like Ripple and Litecoin.
How DigiByte Works
DigiByte is based on UTXO technology. Blocks are created in turn on each of the five mining algorithms. The average block generation time is 15 seconds, and the number of transactions in a block is limited.
Scaling problems are solved thanks to the SegWit protocol. Segregated Witness technology allows you to separate transaction confirmation from transaction data in a block, as well as to apply innovative methods for executing financial transactions such as cross-chain and single-confirmation transactions. The DigiByte network bandwidth is 280 transfers per second, and the developers plan to increase it to 2,000.
DigiByte Unique Features
One of the most strange things (compared to modern projects) is that the creator of DigiByte did not conduct a preliminary distribution of pre-mined coins. There was no director or organization to oversee the management of the network. The initiative was supported exclusively by volunteers.
DGD transactions are not completely hidden like in Monero or ZCash. Dandelion helps DigiByte protect user privacy and security by masking the sender’s IP address.
Also, the use of 5 mining algorithms improves the security of the network. The workload of each branch of production is leveled thanks to the MultiShield technology, which automatically changes the complexity of calculations so that the miners of one of the algorithms do not seize dominance in the ecosystem.
DGB Price Forecast
In order to find out the most accurate Digibyte price prediction, let’s turn to seasoned forecasting services.
According to Priceprediction.net, soon we can see rapid growth in the coin’s capitalization. In turn, this would impact the cost of DGB. A complete breakdown by years is as follows:
- 2023 – $0.015;
- 2024 – $0.021;
- 2025 – $0.032;
- 2026 – $0.049;
- 2027 – $0.073;
- 2028 – $0.10;
- 2029 – $0.15;
- 2030 – $0.21;
- 2031 – $0.29.
So, the experts think that the gradual growth of the token is quite possible. Given its listings on major exchanges and long and relatively successful history, this won’t be a surprise for long-term holders.
At the same time, Technewsleader.com argues about these numbers. As per their algorithms, the price of DGB in the next few years will be:
- 2023 – $0.014;
- 2024 – $0.021;
- 2025 – $0.031;
- 2026 – $0.045;
- 2027 – $0.061;
- 2028 – $0.088;
- 2029 – $0.13;
- 2030 – $0.18;
- 2031 – $0.27.
The analysts claim that with the global adoption of BTC and ETH, DigiByte’s progress is a matter of time.
Is DGB a Good Investment?
DGB is a project with a unique technology that solves many problems of peer-to-peer ecosystems.
However, there is no roadmap, and you can learn about innovations in the ecosystem from tweets. But the network continues to function, mining of the DGB cryptocurrency is in full swing, and it has pretty good liquidity. If you decide to add DigiByte to your crypto portfolio as a long-term investment, be careful. Don’t invest more money than you are willing to lose.