Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1330. (Read 3058921 times)

any news ?

Will be nice to see the multi algo happen here ill be moving miners when this happens to sha and soem scrypt too along with gpu mining

Multi-algo was never meant to be a unique feature. There are already other coins with multi-algos, i.e. Quark.
The change will be made to secure the network and raise miners attention. Not more not less.

edit: however, DGB will be the first coin that switches to multi-algo

I think you may be right. It is not unique any more. DGB needs more now.

This is awesome! Thank you for adding DigiByte!

Hello DigiByte  Community!

We've just released PocketCrypto, a new Cryptocurrency Management App that will allow you to easily manage your DigiByte investment.  Hope you guys will check out the app and Good Luck to All!

We currently support all coins on Mintpal and Cryptsy. Polo and Bittrex will be added in approximately a week.



Pro Version (super awesome!) (no ads) (earlier updates)(no coin limit) (just because you love us )



Free Version (still awesome!)(10 coin limit)


Please check out our main post for additional info, Thanks!
https://bitcointalksearch.org/topic/ann-blockfolio-bitcoin-and-altcoin-portfolio-app-android-and-ios-660696

Shown to be incorrect, all is well...

 i see the SpectrumCoin alreay achieved Multi-Algo mining

Yes it should boost interest from miners! We are getting ready to organize a large scale final test. We are working on a mining pool as we speak to help facilitate the test.

We are out of China and back in Hong Kong. Some very good things are happening for DigiByte internationally! Stayed tuned for more updates. We want to release an update within a weeks time. Thanks again for all your patience & support!

My suspicion is that the multi algo will cause interest from miners and other buyers, which should see price increase. Should be interesting!

YC

digishield was a great thing! keep digishield evolving and dgb interest will remain alive!

SSG,
 Agreed. I am just trying to show what other coins are doing to increase innovation, marketing and price increase to drive in more miners / investors. I remember when Vericoin was 200 SAT. Their supply is 26M coins, so maybe that has an impact when DGB is 21B? Not sure, but I know Vericoin was converting from POW to POS, or something of the nature.

YC

Ill let my money work in there a while and buy back in DGB at 32 Sat.

I like that concept though and an adaption to DGB would be a great innovation. but we have to keep in mind its no witchcraft, its time intensive work. could be considered a concept for the future after the fork in a few weeks.

Look at the security problem with all alts
https://bitcointalksearch.org/topic/theoreticalthe-short-circuit-51-attack-vulnerability-in-non-sha256-altcoins-669634

2hours and my transaction is still pending.

Crazy

Look at this service by Vericoin. They are augmenting VRC with BTC.


Vericoin: The Altcoin You Can Spend Wherever Bitcoin is Accepted

Stan Higgins | Published on June 27, 2014 at 21:51 BST   

Vericoin has launched an innovative and potentially game-changing approach to gaining merchant acceptance that could shake up the altcoin world should the service gain broader usage.

Launched in May, vericoin is a proof-of-stake altcoin that features a variable interest rate which fluctuates depending on how many coins are staking. As more coins are used to stake and support the network, the interest rate climbs.

One of the ways in which alternative digital currencies seek a broader audience is through expanding merchant acceptance. Companies like Coinkite and CoinPayments.net enable payments in altcoins, but it remains unclear exactly how successful these efforts have been at expanding the number of merchants that take alternative digital currencies as a payment method.

To date, roadblocks have emerged owing to the infrastructure an altcoin needs to be accepted by merchants and the varied willingness on the part of these businesses to accept a potentially volatile digital currency.
Enter VeriBit

Vericoin sidesteps these obstacles entirely with VeriBit, a value-added service to the network that enables people to make smaller bitcoin purchases with their vericoin. VeriBit acts as a go-through for vericoin spenders, facilitating purchases for consumers at any business that accepts bitcoin.

This new service opens up the tens of thousands of merchants currently accepting bitcoin to consumers who wish to use vericoin.

CoinDesk spoke with co-creator Patrick Nosker, who said that prior to a feature like VeriBit, those who wanted to use an altcoin to make a payment had to exchange a set amount for bitcoin. But, because of factors such as exchange fees and the natural volatility of a marketplace, consumers face the real risk of losing value prior to making their purchase.

Nosker said:

    “It’s not very simple for a beginner. So what we made is a transaction layer between exchanges and the user.”

VeriBit is geared toward smaller transactions rather than large ones. Currently, there is a spending limit of 0.15 BTC (roughly $87 at press time), though according to Nosker, this cap is expected to rise in the future.
How VeriBit works

VeriBit is designed to be a user-friendly way to pay for bitcoin purchases using vericoin. The vericoin development team acts as a payments processor for these transactions, operating one wallet for vericoin to be deposited into by a paying consumer and another one that pays out to the payment destination in bitcoin.

VeriBit

To make a payment, you first enter the address you want to send bitcoin to and how much BTC you wish to transfer. After you’ve entered in the information, VeriBit calculates how much vericoin you need to send, plus a 2 VRC transaction fee.

You then have 20 minutes to send your vericoins to the address, after which the wallet operators – currently the vericoin development team – complete the transaction and send out the BTC to its destination.

According to Nosker, the feature stays funded through donations and the exchange of vericoin fees for more bitcoin. He said that VeriBit was developed largely to build more services into the network rather than make money off of user transactions, saying:

    “We didn’t want to get into the exchange business or make tons of money doing this. It’s really just to make vericoin usable immediately. [The fee] just covers the cost of doing it.”

Ultimately, he said, the goal is to create an incentive for consumers to use an altcoin by allowing them to spend it wherever bitcoin is accepted.
Vericoin’s anonymity service

In addition to VeriBit, the vericoin team has also developed several other services that appeal to both mainstream consumers and more seasoned altcoin users.

One of the major forces in altcoin at this time is the anonymous transaction movement. This cluster of altcoin projects, led by projects like darkcoin and XC, focuses on anonymizing transactions to render them invisible to detection efforts.

Nosker noted that anonymity, by and large, is not a feature that appeals to most people. But in acknowledgement of demand for such functionality, the team produced a tool to hide transations though it stopped short of instituting it across the vericoin network.

VeriSend

VeriSend is a transaction-mixing service that, for a fee, scrambles vericoin transfers and makes them harder – but not impossible, Nosker clarified – to detect.

He added that the vericoin team at one point looked into creating a standard anonymizing system, but ultimately passed on integrating one.

In the future, VeriSend will be added to the alt’s wallet, at which time users can opt to use VeriSend or not.
Text-based management

Another vericoin-based service, VeriSMS, functions as text-based gateway and wallet system that links the cell network to the vericoin network. Vericoin users can load vericoins onto this wallet and use the SMS network to make transactions.

VeriSMS works on an international level. According to the VeriSMS webpage, there are a variety of gateway numbers that can be used in the US, Europe and Asia.

The service offers three commands to users. The balance feature can be used to actually create a wallet address and later utilized to check the amounts currently deposited. Users can type in addresses to send transactions and set passwords for their wallet. This creates a simple security feature should a person’s phone be compromised.

Nosker cautioned that VeriSMS remains in the alpha stage, and that there are risks to using it, telling CoinDesk:

    “It’s not perfect. We’re still ironing out bugs with it.”

Nosker added that the team is exploring other projects, including one that could facilitate vericoin-to-fiat transactions, that tie in to the ultimate goal of making an altcoin that is as consumer-friendly as it is functional.

Vericoin is moving up. Can we take any of these features to implement into DGB? It is now at 55000 satoshi!

Here is something from their thread:

#VeriCoin buying from Credit Cards via wallet. #VRC"

Can you imagine what might happen to the price if people could easily charge their credit cards to get into crypto currencies by buying Vericoin?!!  Let's think about it for a bit since right now many people want to get from Fiat to Crypto but don't know how and with this they not only get into Crypto easily (no coinbase needed) with leverage, they also buy into the most promising coin.

This is a huge unknown as to what effect it could have on the purchasing demand for the coin and this feature alone might have a much larger effect on the price of Vericoin than the 1000 Darkcoin Masternode buyers had on Dark!  And do I need to remind people how many multiples of X Dark went up after people began buying 1000 Dark for Masternodes?  Something like 15X.

Get all the Veri's you can folks.  I have a feeling that the 3rd mkcap spot is already being reserved for us!

YC