DigiByte Founders Meet U.S. Authorities for Wider Blockchain Adoption

DigiByte Founders Meet U.S. Authorities for Wider Blockchain Adoption

Jared Tate, the founder of DigiByte (DGB), one of the oldest and genuinely decentralized blockchain projects, has met with the United States government in Washington DC concerning distributed ledger technology (DLT). Rudy Bouwman, Vice-Chair of the DigiByte Foundation has predicted that 2020 will be the year for blockchain to go entirely mainstream, as people in government are finally paying attention to the revolutionary technology, according to a tweet on January 14, 2020.

Is Another Moon Season Upon Us?

Per the tweet published by Rudy Bouwman, Secretary & Vice Chairman of the DigiByte Foundation, Jared Tate has taken the blockchain movement to Washington DC, the U.S. sit of power, and the former firmly believes that this may be another excellent year for the blockchain and cryptocurrency ecosystem as some doors are opening for DLT and people in the government are beginning to pay more attention to the innovative technology.

Interestingly,  in a live video, Tate stated that the Congressional Blockchain Caucus is now more determined to promote the broader adoption of blockchain technology in the nation and beyond.

It’s worth noting that Tate’s efforts to promote blockchain technology is quite important, since he’s a former U.S. Senate Page and had worked in the U.S. capitol for six months in 2005, and as such he could have close ties with top U.S. government officials.

DigiByte (DGB) Aiming for the Moon

While there are nearly 3,000 blockchain projects currently in existence, only a handful of these platforms are serious projects and DigiByte is one of the projects occupying the frontline.

Tate also announced earlier this year that the foundation will start the development of a new real decentralized stablecoin, called the Digidollar (DUSD), to be launched on the DigiByte blockchain. He criticized other centralized stablecoins that are currently available in the market.

Earlier in November 2019, BTCManager reported that the DigiByte community had launched its own Foundation, as part of larger plans to create more awareness about its platform, protect the decentralization and promote the growth of its ecosystem.

The DigiByte project has experienced its fair share of turbulence, as DGB was recently delisted by Poloniex cryptocurrency exchange after Jared Tate engaged in a Twitter combat with Justin Sun, Tron’s founder and co-owner of Poloniex.

DigiByte’s native altcoin, DGB is up by over 11% ($0.006632)  within the past 24 hours, though it is about 33% down from its price as of January 2019 ($0.010043).

Also, the asset is currently the 57th largest cryptocurrency after its market cap declined from $134 million in January 2019, to $84 million.

In related news, BTCManager informed on November 14, 2019, that fintech startup, UTRUST has integrated DGB payments into the operations of over 650 airlines.

On November 22, 2019, BTCManager reported that DGB  is now live on DigiFinex crypto exchange and users can now trade the asset against Tether (USDT).

Ogwu Osaemezu Emmanuel

Ogwu Osaemezu Emmanuel is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Emmanuel believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.