Major crypto exchange platform, Binance, announced that it has listed DigitByte on its platform.
On Monday, June 22, Binance announced that it would be listing DigiByte (DGB), an asset on an open-source blockchain and that users can begin trading by 2 pm (UTC). Until then, Binance users can go ahead and deposit DGB into their wallets before the opening time.
For a start, users can only exchange three pairs; DGB/BNB, DGB/BTC, and DGB/BUSD. To further support the asset, the DGB listing fee is zero BNB.
One major problem blockchains face is scalability. DigiByte however boasts of improved scalability, through a special protocol in 2015. Binance highlights this in a report as one of its reasons for choosing Digibyte. It reads:
“DigiByte is one of the first decentralized networks to implement Segregated Witness (SegWit), a first layer solution which modifies the structure of transaction blocks and improves overall network scalability. DigiByte has also allowed the implementation of smart contracts by enabling OP_codes.”
This development is coming two weeks after another exchange giant, Coinbase, revealed that it was considering listing DigiByte and 17 other altcoins onto its platform.
On June 19, V-ID announced its collaboration with DigiByte and other major tech companies such as SAP and IBM in creating a secure data link that combines Multi-Cloud with Multi-Chain Data Verification.
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