Altcoins –Digibyte (DGB) and Ravencoin (RVN) –A surprise is usually targeted to astound the receiver. The nature of the surprise is eventually defined by the receiver as either good or bad based on a lot of things.
If it fits in with targeted expectation and adequate preparation has been put in place to maximize it, the surprise is always well received with smiles bursting forth. But if when the surprise comes the needed preparation has not been made, the surprise would turn out to be a disaster.
An event that is received with missed feelings. Digibyte (DGB) and Ravencoin (RVN) are two cryptographic projects that will stun the cryptoworld when the dust settles and you will determine where you will be on the divide.
Digibyte (DGB) Plows On
One of the unfortunate results of an increasingly digital life is the risk of scam, exploitation, and tampering of digitized files.
The DigiByte blockchain was essentially built for the development of secure, decentralized applications with the capabilities of engineering advancement in the field of finance, social media, merchant websites and wherever there is need for authentication.
Digibyte (DGB) has uses cases that spans across market as diverse as payments to cybersecurity. These areas are high growth markets where Digibyte (DGB) has a good chance to grow.
DigiByte (DGB) Can Guarantee Cybersecurity
Cybersecurity is necessary now more than ever since data is vital to all our lives whether you are an individual or a corporation. Be it of a personal or professional nature. This is because of the prevalence of identity theft that claims millions of victims’ yearly and resulting in collateral damage running to the tune of billions of dollars.
Rudy Bouwman, the chief marketing Officer at Digibyte (DGB) reiterated that the enhancement of cyber security as well as making the internet a better place is the long time pursuit of the Digibyte blockchain.
Digibyte makes use of 5 algorithms to secure the network- Scrypt (Litecoin algo), SHA256 (Bitcoin algo), Myr-Groestl, Qubit and Skein. And there are plans to investigate and replace one of the algorithms with a new algorithm-Odocrypt.
#DigiFact 24: #DigiByte uses 5 algorithms to secure the network, currently SHA256 (Bitcoin algo), Scrypt (Litecoin algo), Qubit, Myr-Groestl & Skein. Work is under way to investigate replacing one with a new algo “Odocrypt”, unique to $DGB.
— DigiByte (@DigiByteCoin) November 30, 2018
Being able to authenticate digital files without a third party would not only reduce deception but will also open the doors for new opportunities and innovation.
With solutions like Open AntumID SOAP that makes it easy for ordinary websites to integrate Digi-ID, Digibyte (DGB) can without doubt address the cybersecurity issues of today.
The cybersecurity niche is a multibillion dollar market and Digibyte (DGB) is well positioned to dominate with products like Digi-ID which is anchored on the unbreakable Digibyte blockchain.
Ravencoin (RVN) All The Way
Ravencoin (RVN) is a blockchain platform that was a primarily designed in order to allow the tokenization of any value. It is presented as the digital blockchain equivalent of the ‘Ravens’ in fictional Westeros from the popular series Games of Thrones.
Created from a fork of the Bitcoin codebase, Ravencoin (RVN) is not claiming superiority to Bitcoin like other BTC forks as It pays homage to Bitcoin.
With less than a year in operation, Ravencoin (RVN) has seen a remarkable amount of success and has gotten a rather large following of active users in its community.
Ravencoin (RVN) has the hallmark of a good crypto project with no ICO and no founder holding majority of the coins. It is a Proof-of-Work (PoW) project where anyone can mine using their CPU because of the ASIC resistant design of the mining algorithm.
In so much as Ravencoin(RVN) has no centralized board of advisors as is the case with many blockchain projects its development has continued on a voluntary basis.
Ravencoin (RVN): A Runner for Security Token
Regulatory compliance has lately become a major concern as SEC activity has targeted violators. Due to this, some ICOs have been cancelled and replaced by STOs.
Even though Ravencoin (RVN) is not a security, security asset(s) can be created and issued on the platform.
Majority of compliant security tokens operates currently as ERC-20 compatible token standards on Ethereum network. This is because Programmable smart contracts allow companies to ensure that regulatory compliance is transparently and algorithmically enforced providing needed peace of mind in the midst of regulatory crackdown.
The beauty of smart contracts is in the fact that developers can create their own protocol and token standards which are set to abide by the rules they establish.
Ethereum (ETH) has been leading the security token industry through its programmable smart contracts and with the imminent surge predicted for the Security Token Industry, it is possible for another blockchain to emerge and occupy the position.
Since the programming language of smart contracts is usually confined to specialized developers, the user-friendly capabilities of Ravencoin (RVN) suggest that this cryptographic project has the potential to emerge as a frontrunner for security token.
Bitcoin (BTC) created a niche for itself as a global cryptocurrency; Ravencoin (RVN) seeks to distinguish itself as the Ethereum of security tokens.