Yesterday, Vertbase announced that they will start pairing Digibyte (DGB) against the US dollar as from 14thDec. The company has stated in their blog that they are aiming to provide a fiat gateway for cryptos that are not supported by industry leaders like Coinbase. This is a big step for Digibyte (DGB) because it makes this crypto more accessible, and will play a role in driving up its demand.
As accessibility through fiat becomes a common thing, Digibyte (DGB) will over time disentangle itself from the chokehold that Bitcoin (BTC) has on the market. That’s because Digibyte’s current market drop, like that of most other good altcoins, can be directly attributed to the drop in the value of bitcoin (BTC). The market is heavily tied to bitcoin (BTC), and the more fiat gateways open up for good altcoins like Digibyte (DGB), the better for their long-term growth.
However, this a long-term goal. In the near-term, the focus for most altcoins is on adoption. This is what will play a role in their growth and speed up market maturity. On this front, Digibyte is doing well and has the potential to achieve even more. For instance, Digibyte is cutting itself aniche in cybersecurity and it’s working quite well.
Companies like Antum-ID and V-ID have already adopted Digibyte for this very purpose, and this is just the beginning. Digibyte (DGB) has more room for growth in this market. That’s because it is free, and the need for strong cybersecurity solutions is on the rise. For instance, recently over 7000 WordPress accounts were compromised. This is one of the platforms that lots of people use in creating websites. With such risks, there is a high chance that more website owners will be looking for better security solutions and Digibyte (DGB) is among the best of them. It is easy to integrate, free, and best of all, it is unbreakable, when used as an authentication mechanism.
Another fundamentally important feature to the long-term growth of Digibyte (DGB) is the fact that it stands out as one of the most decentralized cryptos in the market. There is a fundamental battle between decentralization and a continuation of the centralized status quo. While blockchain came along due to the failings of a centralized system, most crypto projects have chosen to go the centralized route. However, with a market that is in a sustained bear run, many of these centralized projects may not sustain through it, due to funding issues.
This means that chances are that decentralized projects stand a chance to reign the market. Digibyte happens to be one of the most efficient decentralizedcryptos in the market. It is community driven and as long as it is getting adopted and used for real-world applications, it can never go under. There is no central organization that could run out of funding and bring down Digibyte (DGB). DGB’s future prospects are bright.