DigiByte delivers top-notch efficiency in processing crypto transactions and enjoys a great level of popularity among crypto users worldwide. Yet, dirt-cheap transactions which are processed in under 15 seconds are not the only incredible feature of DigiByte, as its most prized possession is the expansive ecosystem that it has built around its currency, DGB. There are virtually hundreds, if not thousands of use cases for the DGB coin that range from payments to a next-gen authentication system. The coolest thing about it is that any person or business can join the DigiByte ecosystem by simply accepting DGB as payment or donation via NOWPayments. NOWPayments is a DigiByte payment gateway that brings everyone a chance to become a part of the DigiByte community and fully benefit from it.
- DigiByte has an astounding ecosystem of services and products that support its native coin DGB.
- DGB payments are effortless, inexpensive, and expedite.
- Get paid in DGB using NOWPayments.
What is DigiByte?
DigiByte is one of the most advanced UTXO blockchains. One of the key components of DigiByte’s network is a high level of decentralization which is supported by 5 alternative mining algorithms. This ensures increased security for the blockchain and a level playing field for miners. Although DigiByte utilizes a Proof of Work consensus protocol which is known to have a variety of efficiency-related issues, it manages to deliver uncontested performance among PoW networks. DigiByte’s blocks are generated every 15 seconds and the blockchain can process up to 1066 transactions per second. DigiByte possesses multiple other features that make it suitable for conducting crypto payments. Here are some of the top attributes that are particularly useful for businesses that want to get paid in DGB.
Enjoy effortless payments
In order to deploy DGB payments, you do not need to spend countless hours filling out forms and getting verified by third parties. With DigiByte, you are free from excessive oversight and useless KYC procedures. This is why you can start using DigiByte payments in two steps, namely, by generating your DigiByte address and creating a NOWPayments account. Once you are past that, you can begin receiving payments in DGB right away from any person, irrespective of their place of residence. You will not face any issues or delays while actively using DGB payments. The network works smoothly and unfailingly, letting you just sit back, relax, and enjoy watching your DGB crypto holdings grow, as more happy clients utilize DGB as their go-to payment solution.
Save time and money
Conventional payment methods provide merchants with a dilemma. On the one hand, they are quite convenient, as well as extremely popular among consumers. On other hand, such solutions charge merchants an arm and a leg for their services, including for processing transactions. Traditional payment methods also, to a large extent, lack speed since they often suffer from delays and keep clients’ money stuck in limbo.
DGB provides a working alternative to conventional payment methods by making it possible for businesses to accept payments quickly and without extra expenses. DigiByte is a decentralized system, so it does not have a greedy CEO who is keen on draining your pocket to the last penny. Fees charged by DigiByte for processing DGB coin transactions are extremely negligible. This, coupled with quick transactions, makes the DigiByte crypto an extremely lucrative payment solution for companies.
Benefit from DigiByte’s ecosystem
The DigiByte blockchain has accrued a massive community of investors. There are thousands of people that conduct DGB transactions on a daily basis. Additionally, there are dozens of viable projects in DigiByte’s ecosystem that attract numerous users. Basically, the DigiByte market is huge and has a lot of potential for merchants to capitalize on. By offering DigiByte holders a way of paying for products or services with DGB, businesses have an opportunity to see a rapid increase in clientele. In other words, using DigiByte coin payments can help companies get a free promotion among the members of the DigiByte community.
DigiByte crypto use cases
The DGB coin is the fuel of the DigiByte blockchain, which in turn constitutes its primary use case. For instance, all users who send transactions on DigiByte need to pay a small fee in DGB. Similarly, since DigiByte hosts decentralized apps, users can interact with these apps only by using DGB in one way or another. The massive DigiByte network provides proper support for its native coin, ensuring there is a constant demand for it.
DigiAssets is a scalable layer which is built on top of the DigiByte blockchain. DigiAssets provides the user with a chance to issue digital assets, tokens, smart contracts, and other elements. DigiAssets ensures decentralized issuance, allowing users to create assets reliably and securely.
Basically, you can deploy your NFTs on DigiAssets and transfer them effortlessly across the network. Hosting your digital assets on DigiByte can save you tons of money and greatly accelerate the process of interacting with these assets.
Digi-ID is a security protocol which runs on the DigiByte blockchain. It is a truly next-gen security solution, as it allows users to sign in to websites and applications without a username, password, or 2FA authentication. Instead, it utilizes public/private key cryptography. Thus, Digi-ID helps to protect both the consumer and the business/service.
General Bytes is a company that manufactures Bitcoin ATMs, enabling customers to make cryptocurrency transactions simply and quickly using cash. They make it possible to buy and sell dozens of cryptocurrencies, including DigiByte in public places such as stores.
General Bytes’ machines are considered among the most advanced systems on the market that make it seamless to exchange crypto for fiat and vice versa.
Crypto.com is one of the largest crypto exchanges in the industry, providing millions of users with easy access to crypto trading. A notable product of Crypto.com is the Visa prepaid card that lets holders use their crypto at millions of Visa merchants across the world. DigiByte is among the currencies supported by this card.
DigiByte can easily be called one of the most popular cryptocurrencies, therefore, it is available for purchase on dozens of exchanges. Apart from Crypto.com, DigiByte is listed on Binance, BitMart, Huobi, CoinDCX, and other platforms. Check out the entire list of exchanges that support DigiByte here.
In addition to exchanges, users can store their DGB in numerous wallets, both custodial and non-custodial ones. Ledger, Trezor, Guarda, Klever Wallet are only some of the wallets that let users hold DGB. You can see all of the DGB-compatible wallets here. Such a high number of wallets in DigiByte’s ecosystem points to the fact that DGB is a truly sought-after asset among crypto investors.
NOWPayments: payments, donations, and payouts
Businesses and individuals may also accept DigiByte coin payments with NOWPayments, a reputable cryptocurrency payment gateway. NOWPayments simplifies the process of collecting DGB crypto payments and donations by automatically updating product prices based on the current exchange rate. NOWPayments is a non-custodial system that guarantees clients quick payments. You may use the Mass Payments functionality to send salaries and other transactions in bulk.
How to accept DigiByte coin with NOWPayments?
As mentioned above, NOWPayments is a DigiByte payment gateway that has a wide range of tools for accepting DigiByte payments to offer. You are guaranteed to find the solutions that fit you best. Here are the tools available to you:
- eCommerce plugins: These plugins are compatible with PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware.
- Payment Link and a PoS terminal: Businesses can use a payment link and a virtual Point-of-Sale terminal.
- Recurring Payments: Some companies may deploy special recurring invoices.
- Custodial Recurring payments: It allows companies to set up separate billing accounts for their customers and let them top up these accounts with the cryptocurrency of their choice.
- API: NOWPayments’ versatile API enables businesses to create custom crypto payment solutions.
- Payouts: You can send mass payouts as a salary, bonus, reward, or rebate automatically to as many addresses as you wish.
DigiByte is an incredibly fast and cheap payment method which can benefit companies that want to accelerate their payment process. Use NOWPayments to accept DGB payments.
Who Invented DigiByte?
Jared Tate invented DigiByte. He is a programmer who wanted to create a quick and reliable crypto that would improve on the existing blockchain technology solutions. Jared created DigiByte in 2013, but the first block was mined in 2014. Still, despite being a founder of DigiByte, Jared does not have any influence on the network today, as it is fully decentralized.
How is DigiByte produced?
DigiByte utilizes mining in order to produce blocks on its network because it relies on the Proof of Work protocol. DigiByte’s blocks are generated every 15 seconds which is rather fast compared to other similar blockchains. Miners have 5 mining algorithms to choose from which contributes to a higher decentralization of the network.
How to buy DigiByte
DigiByte can be purchased on over 100 different crypto exchanges. Follow these steps to buy DGB on Binance:
- Create an account on Binance’s official website.
- Top up your balance with a fiat currency of your choice using your debit or credit card.
- Exchange your fiat currency for DGB.
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