What is Digibyte?
You may be wondering why we offer to pay our clients with Digibyte. Most people outside of the cryptocurrency community have never heard of Digibyte. However, many are familiar with Bitcoin. Like Bitcoin, Digibyte is a digital currency that will be widely used in the future to purchase everyday products and services. For example, in the future, you will buy a cup of coffee at Starbucks using Digibyte. It has many useful applications that go beyond the scope of secure payment processing. Digibyte is a decentralized global ledger with a focus on cyber security, payments, and secure communications.
Digibyte versus Bitcoin
This article raises the question, why bother using Digibyte when we have access to Bitcoin? That’s a fair question. The answer is simple, Digibyte is technically superior to Bitcoin in every major category. Volume is critical when it comes to processing transactions. Currently, Digibyte can handle 280 transactions per second. This will double every two years. To provide some perspective, Visa handles about 2,200 transactions per second. Digibyte will process twice as many transactions per second than Visa in 2025. And, we’re talking about exponential growth!
Digibyte is more secure than Bitcoin since it uses 5 mining algorithms versus one. This means that Digibyte is 5 times more decentralized than Bitcoin. Digibyte is more flexible than Bitcoin since its mining algorithms can be changed out in the future to prevent centralization. Digibyte is 40 times faster than Bitcoin. It takes about an hour to confirm a transaction using Bitcoin. Confirmation of transactions utilizing the Digibyte blockchain happen in 1.5 minutes.
Let’s talk about supply. Twenty-one billion Digibytes will be created over the course of 21 years. Only 21 million Bitcoins will be created over 140-year period. There will be 1,000 times more Digibyte in circulation than Bitcoin. What does this mean for the average user? Well, imagine a user buying a cheeseburger or a bag of Skittles with Bitcoin. Most people would find the purchase price confusing due to the number of decimal places in a Bitcoin micro-transaction. Whereas, the projected value of Digibyte ranges between $1 and $10. Therefore, Digibyte will be more user-friendly, from a mathematical standpoint, and have better price stability.
Digibyte is severely undervalued so it can be acquired for a dirt-cheap price. Now is the time for accumulation. So, what’s the take-home message and how does this relate to selling your silver collection? Great question! Consider the following investment strategy. Sell your antique sterling silver collection and receive payment in Digibyte. Additionally, accumulate as many Digibytes as you can. Ideally, you want at least one million coins in your Digibyte wallet. Be a long-term holder and wait patiently for the value to increase to at least $1 per Digibyte. The math is simple. Accumulate one million Digibytes and sell at $1 and you will have grown a relatively small investment to a million dollars.
This article need not be construed as investment advice. As with any investment, it is imperative to conduct your own research. Cryptocurrencies are highly volatile and carry significant risk. However, with high risk comes high rewards. Therefore, be smart. Be greedy when the price of Digibyte is low and resist the urge to panic sell. When the price goes up, ignore the temptation to sell for a quick profit. Simply put, buy and hold!