When bitcoin (BTC) first hit the scene, it was meant to be peer-to-peer money. However, over the years it has pivoted more towards becoming a digital store of value. As a currency, it is no longer efficient, because it is slow, and has higher transaction costs. It cannot compete effectively against fiat or most other newer crypto projects in the market. However, the ideals of bitcoin are still important. As a matter of fact, the idea of peer-to-peer money transfer in a decentralized and trustless environment is still strong. Most cryptos that may outcompete bitcoin in terms of efficiency have an element of centralization to them, and that pretty much defeats the whole purpose of their existence. One crypto that maintains the ideals of bitcoin, while still maintaining its efficiency as a currency is Digibyte (DGB).
Digibyte (DGB)’s core features make it the best version of bitcoin (BTC) available. First, it has a network that is as secure as bitcoin (BTC). As a matter of fact, it is more secure than BTC. That’s because it is secured by 5 mining algorithms that make it unbreakable. On top of that, Digibyte (DGB) is fast for sending value over the internet. Its transaction speeds pretty much rival those of centralized systems. It competes effectively in terms of costs as well. These features make Digibyte the best version of bitcoin out there.
But why is the best version of bitcoin necessary in the market? Well, it all goes back to the whole reason why bitcoin came up in the first place. Bitcoin (BTC) rose as a way to give ordinary people control over their money. That’s after many people lost their money through the collapse of banks during the 2008 financial crisis. In the future, an even worse crisis could come up, one that may be worse than the 2008 meltdown, and that’s the collapse of fiat currency. After years of heavy borrowing, most countries now have debts that are way above the capacities of their GDP to repay without strain. Traditional monetary and fiscal policies that have worked well in the past are no longer working efficiently. The situation in Argentina where the currency has lost a significant portion of its value in the last couple of months is a prime example of this. It’s an indicator that the next crisis will be a currency one. Many countries are likely to be hit with hyperinflation, and the need a truly effective peer-to-peer currency, that cannot be censored will emerge.
That’s where a crypto like Digibyte comes into the picture. It not only meets the requirements of a currency, but it also can’t be censored. This means that anyone anywhere in the world can use it make fund transfers from a failing economy, without having to worry that someone can prevent them from transacting, or accessing their accounts. This could usher in the real crypto age with DGB at the forefront. Its usage has already been rising in countries with shaky economies such as Venezuela, and as awareness about it grows, so will its adoption.
The best part is that the Digibyte awareness team is doing its best to create awareness about this crypto, by pushing for exchange listing and general awareness in the market. As the dynamics of the global economy lean more towards a future driven by decentralized currencies, Digibyte (DGB) is well positioned to lead the way. It could take the world by surprise, and change money as we know it today, making investors wealthy beyond their wildest dreams.