Binance Reveals PoW Asset DigiByte Listing


The large cryptocurrency platform Binance announced the inclusion of DigitByte in the list of its platforms. On Monday, June 22, Binance reveals that it will post DigiByte (DGB), an asset on the open-source blockchain and that users can start trading by 2:00 p.m. (UTC). Before this, Binance users can use DGB in their wallets before opening.

For starters, users can exchange only three pairs; DGB/BNB, DGB/BTC, and DGB/BUSD. To further support the asset, the DGB listing fee is zero BNB.

The scalability is one of the big issues with blockchains. However, thanks to the new protocol of 2015, DigiByte assures of enhanced scalability. In a report, Binance mentions this as one of the reasons for selecting Digibyte. It reads:

“DigiByte is one of the first decentralized networks to implement Segregated Witness (SegWit), a first layer solution that modifies the structure of transaction blocks and improves overall network scalability. DigiByte has also allowed the implementation of smart contracts by enabling OP_codes.”

Two weeks after another exchange giant, Coinbase revealed that it was considering putting DigiByte and 17 other altcoins on its website, this development takes place.

On June 19, V-ID revealed a partnership with DigiByte and other major technology companies including SAP and IBM to establish a stable data channel integrating Multi-Cloud and Multi-Chain Data Authentication.
DigiByte Community Keeps On Developing
The DigiByte ecosystem, as described earlier, has spent extra time designing solutions that support distributed ledger technology (DLT) across a wide range of fields.

For example, the news reported that COVID 19 has joined the DigiByte Foundation-the organization behind the DigiByte DLT project! A consortium of projects seeking to use blockchain technology to counter the global pandemic that is still going on.

It is interesting that AntumID has joined the consortium along with the DigiByte Foundation-the world’s first generation of passwords based on a chain of blocks based on DigiByte technology.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.