DigiByte, launched in 2013, is a blockchain that was built to deliver the highest standards of efficiency, providing a solution for the economy of the future. As a result, today, DigiByte is considered one of the leading networks in the industry and enjoys a massive market capitalization. The adoption of DGB as a payment method has been successfully taking place over the past years, and DigiByte continues to receive new use cases. One of the possible use cases for DigiByte is the integration of crypto donations. Influencers particularly can benefit from the implementation of DGB donations. NOWPayments is ready to assist bloggers and other online celebrities in deploying their DigiByte donations gateway.
- DGB is the native currency of DigiByte.
- By featuring DGB donations, influencers can provide an anonymous and inexpensive way of sending donations.
- NOWPayments offers solutions such as buttons and links for accepting DGB donations.
What is Digibyte?
As mentioned above, DigiByte was launched in 2013, the time when networks which could show excellent efficiency were rare. As a result, DigiByte, in many ways, revolutionized the crypto sphere by offering a blockchain with low fees and extremely fast transactions. DigiByte’s 3-layer system was intended for the deployment of dApps, increase in security, and facilitation of communication and operations.
In order to achieve these targets, DigiByte implemented five mining algorithms which enabled it to attain a high throughput and a transaction speed which is 40x faster than BTC. Specifically, the average transaction speed on the DigiByte network is 15 seconds. Moreover, DigiByte’s consumption of energy is less than 1% than that of Bitcoin.
DigiByte’s native cryptocurrency DGB has a fixed supply of 21 billion tokens. The issuance of the coins is expected to end in 2035.
Benefits of accepting DGB donations
Gaining new audience
The crypto community is massive, and it is expanding every year, which is evident just by looking at the steadily rising capitalization of the crypto market. While some members of the community may be inclined to keep their assets and hold them in their wallets, others are more than willing to use their coins to the fullest. As a result, the crypto community, including the DGB segment of it, constitutes an excellent source of new followers for influencers. Thus, bloggers, by deciding to feature DigiByte donations, can actually attract a new audience. Crypto influencers are perhaps better positioned than any other type of online celebrity for their crypto donation success. Still, gamers, musicians, and even lifestyle influencers can also benefit greatly from DGB donations and thus incentivize members of the DigiByte community to support them and enjoy their content.
It was already mentioned that DGB transactions are fast, especially when compared to cryptocurrencies such as Bitcoin or Litecoin. But DGB transactions are also much cheaper than transactions of the two aforementioned coins. Essentially, while Bitcoin transactions may cost you more than 20 dollars, the average fee of a DGB transaction will be less than a fraction of a penny. Moreover, payment services that usually process donations also take a large fee. So, if an influencer switches to DGB as their preferred donation method or simply adds it to the list of the available donation option, they can potentially increase their profits. In other words, audience members will not have to pay large sums in fees and thus will be able to send their favorite influencer more money.
Influencers frequently raise money for noble causes, be it charity work in developing countries or fundraising for pets without owners. Transparency is the key to a successful crowdfunding campaign since people want to know how their money will be spent. The DigiByte blockchain is public, which means that anyone can see information about each transaction and crypto address on it. Influencers that want to conduct a crowdfunding or charity campaign can set up a DigiByte crypto address and offer their audience to donate their money to it. Thus, everyone will be able to see how much is raised.
At the same time, the transparency offered by the DigiByte network also can be used by influencers for other purposes. For instance, the public nature of the blockchain can enable them to ensure better accountability and become more open to the audience.
Offering anonymous payments
DigiByte embraces all of the basic principles of blockchain technology, and one of them is privacy and decentralization. Users of the DigiByte blockchain do not need to disclose their identity when using the network. In fact, there is no formal registration process. Thus, DigiByte constitutes an anonymous and private way of transferring money. Some audience members of influencers may be unwilling to share their sensitive information with payment processing services. Such information may include the card data and personal name. In this case, DigiByte can be used as a great alternative to traditional payment options such as PayPal. Therefore, by setting up a DGB donation gateway, influencers will provide their fans with a more diverse selection of payment options.
How to accept Digibyte donations
If you want to accept DGB as a donation, you can utilize the tools developed by NOWPayments. We offer three possible solutions for featuring DigiByte donations. If you have a website, you can deploy a special widget or button which will allow your patrons to donate to you in DGB. At the same time, if you have popular accounts on YouTube, Twitch, Instagram, or Twitter, you can utilize a crypto donation link, which will take your fans to a page where they will have a chance to donate to you in DGB.
In order to start accepting DigiByte, follow these steps:
1. Create a NOWPayments account here.
2. Enter your DGB public address.
3. Generate your API key.
4. Go to the settings and choose your preferred way of receiving DGB donations.
DigiByte is a fast and efficient blockchain designed for extensive use. Influencers can benefit from deploying DGB donations by increasing their profits and offering an anonymous payment method to their audience. NOWPayments helps influencers to set up their DigiByte donations gateway.