In today’s video we cover two articles surrounding the most underappreciated #crypto on the market, #DigiByte #DGB.
In the first article, out of the Crypto Recorder, we cover the recent hack of FaceBook, and the potential for DGB to capitalize on this opportunity. Earlier this week, 50 million users of FaceBook had their profiles hacked. This is additional proof that centralized security systems are not secure, and unreliable. The need for a decentralized system is clear, and DGB has the perfect solution. Digi-ID can eliminate the issues we have with centralized systems, by eliminating the need for user names and passwords, 5 mining algorithms, and a decentralized network over 200,000 nodes, it is essentially impossible to hack. If DGB can have their security system implemented by a giant such as FaceBook, the sky will be the limit for this crypto.
In the second article, also from the Crypto Recorder, we take a look at how powerful DGB can be as a currency. Its transaction speed can rival the fastest on the market, and competitors in this field are more centralized than DGB. As stated above, it is one of, if not the most secure blockchain on the market.The transaction fees are extremely low, giving it an edge over fiat currency. All of these reasons make DGB a top contender for implementation as a currency. As we see its adoption grow in countries with a failing economy, due to its decentralized nature, we can expect the trend to continue as more countries are hit with hyperinflation due to the massive amount of global debt.
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