DGB Coin is a payment tool used to take part in smart contracts and decentralized financial transactions on the GigaByte network. In this article, as Kriptokoin.com, “What is DigiByte?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is DigiByte? What does DGB do?
DGB Coin is the native cryptocurrency of the DigiByte network. It is also a coin that can be staked and given as credits. DGB Coin is also used to personalize Tokens. The platform has its own 5 separate mining algorithms. At the same time, the DigiByte network is based on three layers: smart contracts, DApps and customizable Tokens.
DGB Coin is a Blockchain project that offers transactions on a more secure network. The main purpose of the project; to create a scalable and second layer resolving network. In addition, it is to provide the most reliable transaction opportunity in this network. The project therefore creates DigiAsses, the second layer of the network. It offers decentralized financial transactions through this layer. Another aim of the project is; It is to provide the opportunity to enter transactions with smart contracts faster than ETH over the second layer. The algorithms included here put all users under high security.
What are the advantages?
- Interest yield: DGB Coin users have the opportunity to lock their Coins at a certain maturity and earn new Coins at the end of the maturity via DigiAsses smart contracts.
- Passive income: DGB Coin users provide loans through smart contracts to investors who are present in the DigiAsses network and need debt. The repayments of DGB loans are demanded with interest.
- Smart contract trust: Offering the opportunity to deploy smart contract in all transactions, DGB Coin secures both parties with proof of work.
What are the disadvantages?
- Attack risk: If virtual wallets are also stored, the balance may be at risk in case of an attack on cryptocurrency exchanges. However, when hardware wallets that offer offline storage are used, the risk is eliminated.
- Instant price tracking: DGB Coin can make instant price changes according to the cryptocurrency market volatility. In this regard, investors should spare time for continuous, instant price monitoring.
What is DigiByte? How to buy DGB?
Exchanges traded with DGB Coin; Binance is Bittrex, KuCoin. To purchase coins, these steps are followed:
First of all, access the web/mobile application of the stock exchange that lists the DGB you have chosen as the first step. Then complete the account opening steps. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, choose DGB Coin with the balance you want and create a purchase order. Store it in your trusted accounts.
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