Days after Jared Tate, the founder of DigiByte (DGB), announced his retirement, accusing the crypto community of having "co-opted eroded by greed", not forgetting what he warned about centralization.
After growing 900% in six weeks,
DIGIBYTE / DOLLAR
DGB / USD
As of today the price has dropped 46% meanwhile on the 1-hour chart shows how the price seems to stop at the support level of 0.01649980 USD
Everything seems to indicate that it will be a setback to have a bullish continuity. However, our 60-period EMA is above the 20 EMA. When this happens it will lead to a decrease in the price in the following days.
However digibyte is still a great project that bets on decentralization we are simply seeing a readjustment of the price for a continuity of the bulls.
DGB / BTC
IS a very different story, as we can see there is an H&S pattern indicating that the price of dgb will decrease against btc
To this we can add that our 60-period EMA is above the 20-EMA. In the following days the price will continue to decrease until it stops at the next support level of 0.00000135
Will it stop at that support or will it break for a bearish continuity or is it just a simple setback for a bullish continuity, what do you think? leave it in the comments
DigiByte developer community and the ThreeFold Network to join forces to continue developing tools that benefit both projects.
Decentralization is one of the most important benefits promised by Blockchain, as the technology aims to distribute and disperse power away from central authorities. Bitcoin, for example, was designed as a decentralized alternative to government-backed money.
However, many Blockchain systems currently operate on centralized cloud platforms. Over 60% of all Ethereum nodes have been found to be dependent on cloud-based services, with 25% running on Amazon Web Services, or AWS. As a result, these Blockchain networks are vulnerable to policy changes and adjustments made from Amazon. This also leads to the question of whether these systems and their associated cryptocurrencies are truly decentralized.
Kristof De Spiegeleer, the co-founder and CEO of ThreeFold, said that he has been building a peer-to-peer internet to create a truly decentralized global web architecture:
"Currently, fewer than 20 companies in the world own more than 80% of the Internet's capacity. The data also resides in huge data centers, which account for between 5 and 10% of the world's electricity, a number that will grow in the coming years. Today, we do not own our data or the applications of our phones. "
a new internet peer-to-peer where centralized data centers are replaced by a network of nodes distributed throughout the world.
Known as the "Red ThreeFold," Spiegeleer explained that this model has 80 million gigabytes of storage capacity. The network nodes are owned by "ThreeFold Farmers", which are people based in over twenty-one countries. HP has partnered with ThreeFold to provide farmers with high-quality hardware. Spiegeleer said:
"Our Farmers own the physical hardware, such as storage or a PC, necessary to create the capacity that can be used to store data. However, the data within the nodes always belongs to the people or organizations that put the information there" .
Like other decentralized models, ThreeFold Farmers are encouraged to join the network. Once farmers connect the active hardware to the ThreeFold, ThreeFold (TFT) tokens are created, which can be sold to those who want to use the storage capacity, such as a development building or hosting a website.
Although it is a low-level operating system, Spiegeleer believes that a model like this will end up creating a true decentralization, operating more efficiently than other storage alternatives such as AWS.
ThreeFold has recently deployed a Bitcoin node on the ThreeFold Grid to test the efficiency of its smart contract layer, allowing all stakeholders to check the integrity of the node through the smart contract for the IT layer.
Hans Koning, the president of the DigiByte Foundation, also said that DigiByte shares ThreeFold's vision. He explained, "Blockchain is more than a technology. It is a social phenomenon and we see that in ThreeFold." DigiByte recently announced a partnership with ThreeFold to work on developer and user projects at the top of the ThreeFold Network. Interestingly, the partnership with ThreeFold came days after DigiByte founder Jared Tate left the organization, accusing the crypto community of being too centralized.
Rudy Bouwman, the secretary and vice president of the DigiByte Foundation, further said that the ThreeFold Network works like a Blockchain, noting that there is no single point of failure because it is fully decentralized
"The ThreeFold Network community can now deploy a DigiByte node. This also allows DigiByte to host our infrastructure on the ThreeFold Network, making it much more decentralized. This partnership will also allow the DigiByte developer community and the ThreeFold Network to join forces to continue developing tools that benefit both projects. "
Debit card that allows you to use DGB
The use of the crypto debit card is growing and is considered a major development for the growth in the adoption of cryptocurrencies worldwide.
Available globally except for North Korea, Sudan, Iran & Cuba
Paycent is a Singapore-based crypto debit card provider. A Paycent card costs $ 49 and comes in three tiers. Ruby works with UnionPay and has a daily spending and withdrawal limit of $ 5,000. Sapphire works with the unified payments interface and has a daily spending limit of $ 5,600 and a withdrawal limit of $ 1,650. Solitaire is Paycent's option for big spenders. Developed by Mastercard, it has a daily spending limit of $ 13,000 and a withdrawal limit of $ 10,000. Its supported currencies are Paycent's native PYN token, Bitcoin, Verge (XVG), Dragon (DRGN), Ontology Coin (ONT), DigiByte (DBG), Groestlcoin (GRS), BINANCE Coin, Ether, Litecoin, XRP, Dash and Steem.
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