DigiByte (DGB) Added to Cryptopia, Seeking Wider Partnership with Abra

 In Altcoins, Exchanges

DigiByte is gaining more attention each day with small increments to the project, and remains one of the coins supported by a wide community.

DigiByte (DGB) has been gaining traction lately, and on July 12, was added to the Cryptopia exchange. Cryptopia is a relatively small market, but often seen as an important gateway to popularize niche coins.

https://twitter.com/DigiByteCoin/status/1017553816038674432

After a robust price spike, the market for DGB calmed down. At the recent peak, DGB reached the $0.04 level on July 9, going as high as $0.045, but unraveling soon after that.

DGB is mostly traded against Bitcoin, through the Bittrex exchange.

The asset is also a part of the portfolio of the Abra app, though not for direct purchase and withdrawal. The DigiByte community has reached out to the Abra app with the request to add direct withdrawals, and the proposal to assist with the technology. At the moment, Abra only allows withdrawals of Bitcoin (BTC).

Additionally, DigiByte expects a partnership with TokenPay to increase the exposure of the coin. In other developments, DigiByte mining will also evolve, adding an ASIC-resistant version of the CryptoNote algorithm.

In a bout of negative news, DGB wallets were suspended temporarily on Poloniex, one of the major markets for the coin, possibly making the price slide further. The Blockfolio app noted the involvement of the DigiByte community with this issue:

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https://twitter.com/BlockfolioApp/status/1017495812052537344

The other criticism against DGB is that its multi-algorithm mining may not add to the security. Multi-algorithm coins could be attacked through one of the mining approaches, and DGB has the SHA-256 and Scrypt algorithms that are highly accessible to mining attacks through ASIC.

https://twitter.com/SatoshiLite/status/1002063157681012736

So far, DigiByte has not reported an attack against its network, but there are no data readily available for the total hashrate. However, Reddit users are reporting lower rewards, potentially indicating more mining power being pointed to DigiByte.

Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. Cryptocurrency trading and investing is risky and market participants are advised to always conduct thorough research.

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