i don't trust this coin annymore... the ppl who are buying 100BTC worth of coins are fucking up the market.... they selling it all @once and the market crashes, just after i buyed the coins... this is frustrating, i will o search for a 1 satosi coin like CV2 , that coin has more potention than this one . good luck everyone, it is going down to 500 sat again, maybe 100
panic, I'm sure after a while, I can't say exactly what, after takeoff all again and be a bunch of malcontents who bought at the peak just look ad coincapmarket.... everything is green except Digibyte... yeah it frustrates me, i buyed in ad 812... the highest peak of yesterday You narrow look, and if you take yesterday? yesterday DGB was on hills % for 2nd place, the coin cannot go up steadily every day, see the schedule of the DGB in may, he at one point jumped up to 1000 then dropped to 500, then jumped to 1800, fell again to 1000, soared to 2400. View schedule popular coin Ethereum as he rides. Someone took the Ethereum 15 000 000, he is now 10-11 000 000, so to say that it's a bad coin? To get bitcoin, its schedule is also jump. Personally, I see the potential of this coin. Banks give a very small %, so in exchange for long-term investment, generally if the coin has something, that you at least will double in a year. Another question is if you are a speculator. But speculation, fast money, they think it's roulette, red if you're lucky or black if not. But there's always zero, zero in this case, I consider as unexpected news about the coin, which can give a great rise or great fall, there is more luck lol wake up man, there is a certain group who can manupulate this coin badly.... putting buy/sell orders with growth of 5-10BTC ad once. open Bitrex and Poloniex ad once an just look ad it! maybe it is by chance,but the huge sell/buy orders (to manupulate) come in ad the same time ad both exchanges... i think it is a huge scamhahahaha you think its scam, why you still on crypto world? didnt better you left and take your money? when it bullish you say its good and when it bearish you call it scam, do you 2 face? or Abnormalities of thinking |
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DGB has no proper team no social platform outside bitcointalk. It's nothing but a stupid scam coin.
i know you are XEM supporter everything hate speech from you is normal  |
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Sell your coins before its too late. There's No hope for DBG, a pump and dump coin.
Recommending DGB holders move some over to MyriadCoin (MYR/XMY)... PoS coins have sucked the alt-coin market-cap dry... let's unite behind something any miner can enjoy. I've been bringing people over to MYR since early May... see how far we've come? DGB's rise put a slight kink in the plans, but it seems things have leveled out again. DGB was only ever really an (almost exact) clone of MYR. DGB however, also had some supposed corporate interest at some point. MYR does not, afaik, it can be ours and ours alone... join us! && this ain't no pump and dump, everyone I've brought in and am bringing in, myself included, hold. We are in it for the long run and the sky is the limit. coming from a guy who recommended another coin on another thread. that's a bit more convincing. lmao. What? Where? When? Times change man... if it was more than a month ago, please excuse me, but hopefully you'll understand? Further... if it were a recent post... what is wrong with holding and/or recommending and/or enjoying two different coins at once? Am I not permitted this? you are the man beings have no respect Interfere in the affairs of the household |
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What is the circulating supply of DGB? Mining 15 second blocks with 1410 coins per block is over 8 million DGB tokens minted every day, is this correct?  As of today DigiByte is the fastest, largest, most scalable and secure decentralized multi-algorithm blockchain in the world. Launch Date: January 10th, 2014 Blockchain Type: Public, Decentralized, UTXO based, Multi-Algorithm Ticker Symbol: DGB Genisis Block Hash: "USA Today: 10/Jan/2014, Target: Data stolen from up to 110M customers" Max Total Supply: 21 Bilion DigiBytes in 21 Years (2035) Current Supply: 8,107,031,908 DGB (May 2017) Yearly Supply Inflation: 12% in 2017 Block Reward Reduction: 1% MonthlyCurrent Block Reward 891 DGBMining Algorithims: Five (Sha256, Scrypt, Groestl, Skein & Qubit) Block Timing: 15 Second Blocks, (1.5 Minutes per algo)Algo Block Share: 20% Block Share Per Algo (5) Difficulty Retarget Every 1 Block, 5 Seperate Difficulties, 1 For Each Mining Algo SegWit Support Yes. First major altcoin to successfully activate Segwit. (April 2017) Hardforks 4. DigiShield, MultiAlgo, MultiShield, DigiSpeed Softforks 3. SegWit, CSV, NVersionBips https://digibyte.co/digibyte-blockchain-faqs |
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Sell your coins before its too late. There's No hope for DBG, a pump and dump coin.
Recommending DGB holders move some over to MyriadCoin (MYR/XMY)... PoS coins have sucked the alt-coin market-cap dry... let's unite behind something any miner can enjoy. I've been bringing people over to MYR since early May... see how far we've come? DGB's rise put a slight kink in the plans, but it seems things have leveled out again. DGB was only ever really an (almost exact) clone of MYR. DGB however, also had some supposed corporate interest at some point. MYR does not, afaik, it can be ours and ours alone... join us! hahahaha is clone MYR? because it using multi algo? so is chevrolet/jaguar clone toyota or honda too? did it same SUV, city car, MPV can i ask you why MYR delisted from poloniex?  |
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 Lol. @The Irishman, what do you think caused the incredible dip/decrease in price of Digibyte? Is it just the overall relation to Bitcoin and the vitality there or is there another reason for it? As with everything regarding oscillations on free markets, it would be naive of me to try to pinpoint a cause (or causes) in cases like this, especially for the absurdly fast price increase. All we can do is a pragmatic analysis of what happened: the coin's price increased from under 50 to over 2000 satoshi too fast, something which would inevitably end up leading to a massive price correction and profit taking. Anyone who has followed bitcoin from the beginning saw that happen lots of times. What people fail to notice is that, even with DGB at 500 satoshi (or even lower), that still means huge profits for everyone who was mining or holding the coin more than 3 months ago when the price went as low as 19 satoshi. Hell, if you had bought the coin at 19 satoshi, when it reached 190 you'd already have made a profit of 10x! The only people whining are the greedy ones who never supported DGB and only showed up here AFTER the price started rising so fast, hoping to make a quick buck. Real supporters and savvy, level-headed investors won't be bothered by bubbles or heavy oscillations happening within a couple weeks span. a lot of newcomer got into this at 2100satoshi, i really dont like the way we made profit is someone had to be eat each other That's just part of the game. Any profit you took in the past means you also ate someone's funds and maybe now they are down. I sold 75% of my holdings between 2250 and 2350 to those who are now, if still holding them to make a buck, are crying their eyes out. I mined DGB and also bought DGB when it was 34 sats. DGB has make me a little on the wealthy side, but still I complain because there is no regular solid facts coming on a regular basis from the dev team. I don't care if they market DGB. but I do care about what's going on with DGB. Currently, I can't mine because it doesn't work. I can't use the iOS wallet because it doesn't work and last time I checked, I can't take MY DGB out of the game site because it doesn't work. I have supported DGB from late 2014. Personally, I think it's time for DGB to shit or get off the pot.
account register June 09, 2017 but talk since 2014, oh i see clone account right?
Can any of you stupid ignorant fucks give me a single fucking reason why DGB keeps underperforming then???
Complete bunch of idiots that think they know something related to economics LOL teach yourselves something and listen to my words.
I don't know if any of you even know how a market works or how a price is set? The market price simply based on the last traded price... which is ofcourse based ont the amount of sell and buy orders... which is codefined by the amount selled by miners so it's not stupid to say this AT ALL...
You're all just stupid ignorant fucks that think they know something about economics and actually know nothing about anything.
Too much sell orders, not enough buy orders, sellers decrease sell price, price drops, this happens continuously with DGB.
But it seems to have no effect at all trying to teach the idiots of this world something they clearly don't understand.
I think I know another reason why people don't want to get into DGB anymore, why they are glad to leave and why nobody believes in it for the long term.
It's because of those stupid fucktards in the community  another newbie talk lookin pro but he is shiit i dont understand where is too much sell small miner get 800-1200/day is too much? only 900m dgb in market 2 month ago, 2 billion digibyte on poloniex and bittrex market, who is miner sell dgb with big amount? and where? oh yeah in know maybe you drunk |
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Typical r Lol. @The Irishman, what do you think caused the incredible dip/decrease in price of Digibyte? Is it just the overall relation to Bitcoin and the vitality there or is there another reason for it? That's just part of the game. Any profit you took in the past means you also ate someone's funds and maybe now they are down. I sold 75% of my holdings between 2250 and 2350 to those who are now, if still holding them to make a buck, are crying their eyes out. I mined DGB and also bought DGB when it was 34 sats. DGB has make me a little on the wealthy side, but still I complain because there is no regular solid facts coming on a regular basis from the dev team. I don't care if they market DGB. but I do care about what's going on with DGB. Currently, I can't mine because it doesn't work. I can't use the iOS wallet because it doesn't work and last time I checked, I can't take MY DGB out of the game site because it doesn't work. I have supported DGB from late 2014. Personally, I think it's time for DGB to shit or get off the pot.
account register June 09, 2017 but talk since 2014, oh i see clone account right? Telenong you're just another idiot shooting your mouth off about things you don't know about and that's all you'll ever be. So no need for you to try to convince anyone of anything different than that on any scale. It will cause your pea brain to explode.
liar!Typical response from an idiot. Were you born an idiot Telenong or did you go to school and learn it? |
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Lol. @The Irishman, what do you think caused the incredible dip/decrease in price of Digibyte? Is it just the overall relation to Bitcoin and the vitality there or is there another reason for it? As with everything regarding oscillations on free markets, it would be naive of me to try to pinpoint a cause (or causes) in cases like this, especially for the absurdly fast price increase. All we can do is a pragmatic analysis of what happened: the coin's price increased from under 50 to over 2000 satoshi too fast, something which would inevitably end up leading to a massive price correction and profit taking. Anyone who has followed bitcoin from the beginning saw that happen lots of times. What people fail to notice is that, even with DGB at 500 satoshi (or even lower), that still means huge profits for everyone who was mining or holding the coin more than 3 months ago when the price went as low as 19 satoshi. Hell, if you had bought the coin at 19 satoshi, when it reached 190 you'd already have made a profit of 10x! The only people whining are the greedy ones who never supported DGB and only showed up here AFTER the price started rising so fast, hoping to make a quick buck. Real supporters and savvy, level-headed investors won't be bothered by bubbles or heavy oscillations happening within a couple weeks span. a lot of newcomer got into this at 2100satoshi, i really dont like the way we made profit is someone had to be eat each other That's just part of the game. Any profit you took in the past means you also ate someone's funds and maybe now they are down. I sold 75% of my holdings between 2250 and 2350 to those who are now, if still holding them to make a buck, are crying their eyes out. I mined DGB and also bought DGB when it was 34 sats. DGB has make me a little on the wealthy side, but still I complain because there is no regular solid facts coming on a regular basis from the dev team. I don't care if they market DGB. but I do care about what's going on with DGB. Currently, I can't mine because it doesn't work. I can't use the iOS wallet because it doesn't work and last time I checked, I can't take MY DGB out of the game site because it doesn't work. I have supported DGB from late 2014. Personally, I think it's time for DGB to shit or get off the pot.
account register June 09, 2017 but talk since 2014, oh i see clone account right? Telenong you're just another idiot shooting your mouth off about things you don't know about and that's all you'll ever be. So no need for you to try to convince anyone of anything different than that on any scale. It will cause your pea brain to explode.
liar! |
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Both your rationale and that "article" are pathetically stupid and lack the most basic notions of how markets work - be it crypto, stocks or whatever. What do you want, another bitcoin, centralized in the hands of a few giant ASIC mining farms? Do us all a favor and go to hell. Lol. @The Irishman, what do you think caused the incredible dip/decrease in price of Digibyte? Is it just the overall relation to Bitcoin and the vitality there or is there another reason for it?
price fall because miner selling? are you stupid? how much supply on market? bittrex or poloniex? do you see significant increase supply on sell order?
i seen 1.8billion dgb at poloniex and 400million dgb at bittrex 6 weeks ago, look at now where they go? |
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Lol. @The Irishman, what do you think caused the incredible dip/decrease in price of Digibyte? Is it just the overall relation to Bitcoin and the vitality there or is there another reason for it? As with everything regarding oscillations on free markets, it would be naive of me to try to pinpoint a cause (or causes) in cases like this, especially for the absurdly fast price increase. All we can do is a pragmatic analysis of what happened: the coin's price increased from under 50 to over 2000 satoshi too fast, something which would inevitably end up leading to a massive price correction and profit taking. Anyone who has followed bitcoin from the beginning saw that happen lots of times. What people fail to notice is that, even with DGB at 500 satoshi (or even lower), that still means huge profits for everyone who was mining or holding the coin more than 3 months ago when the price went as low as 19 satoshi. Hell, if you had bought the coin at 19 satoshi, when it reached 190 you'd already have made a profit of 10x! The only people whining are the greedy ones who never supported DGB and only showed up here AFTER the price started rising so fast, hoping to make a quick buck. Real supporters and savvy, level-headed investors won't be bothered by bubbles or heavy oscillations happening within a couple weeks span. a lot of newcomer got into this at 2100satoshi, i really dont like the way we made profit is someone had to be eat each other That's just part of the game. Any profit you took in the past means you also ate someone's funds and maybe now they are down. I sold 75% of my holdings between 2250 and 2350 to those who are now, if still holding them to make a buck, are crying their eyes out. I mined DGB and also bought DGB when it was 34 sats. DGB has make me a little on the wealthy side, but still I complain because there is no regular solid facts coming on a regular basis from the dev team. I don't care if they market DGB. but I do care about what's going on with DGB. Currently, I can't mine because it doesn't work. I can't use the iOS wallet because it doesn't work and last time I checked, I can't take MY DGB out of the game site because it doesn't work. I have supported DGB from late 2014. Personally, I think it's time for DGB to shit or get off the pot.
account register June 09, 2017 but talk since 2014, oh i see clone account right? |
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!!! WARNING: There user is a newbie. If you are expecting a message from a more veteran member, then this is an imposter !!!
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waaaw , many fake accounts and clone accounts right now
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The Hong Kong Fintech challenge website says the award was announced on June 22nd why haven't we heard any news? http://www.hkfintechchallenge.comJune 22nd Prototype Demo Presentation & Award Recipients Announced. Quote from the official digibyte telegram https://web.telegram.org/#/im?p=@DGBalerts"DigiByte Alerts: To clarify we are not competing directly for any award tomorrow that is HK based. However as a global Tech 4 Integrity Finalist we have been asked by Citi to demo DiguSign, speak and participate on a panel discussion. We are very honored by their request and we look forward to interacting with several Asia based businesses." They already announced the winners for that challenge to. http://www.citigroup.com/citi/news/2017/170622b.htm?linkId=39014855So digibyte lose the challenge then? "We will announce additional winners in July https://t.co/ljMeLVAhHT"
Has anyone ever actually used digibytemarket.com to successfully purchase anything, or has it been a scam the whole time?
I'm pretty sure it was all a setup to steal $32 from some sucker fool. Looks like it worked..(just having a laugh..seriously though, $32? I loose that much per trade on fees alone). Are you saying that given small amounts of money, it's OK for a business to not provide the advertised product? Looks like Jared disagrees with your (stupid) POV, because he disabled digibytemarket.com's scamming functionality. Before Scam Accusation:https://i.imgur.com/rGZJ4gj.jpgAfter Scam Accusation:https://i.imgur.com/a85EC1v.pngSee how that works? Now where are my refunds? |
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Very strang!e, every time DGB shows progress in development, you always come with the words envy and hate, no wonder if you love monero, one thing i want, do you have proof of transaction there? From the way you say is very clear you are a liar and jealous, for two years watch this forum, I have never seen you complain post something before and why just come up now?Liar and mouthed, But do not worry people like you would be worse than trash. The right steps you create a thread and get together with fellow junk
Because of your gambling on the price of the coin, you are triggered by me reporting the fact digibytemarket.com is a broken website with no working support options. I just want the Riot Points I paid for. 
Why is it expecting too much for Digibyte Market to either fulfill customer orders or shut down until fixed?I did not expect to find this stupid person on forum, the answer was given but still not understand and think. I think the dumb person is real |
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DigibyteMarket.com and DigibyteGaming.com have failed to provide what they promised, IE game credits and DGB for playing games.
When these facts were made clear in the DGB thread, the dishonest self-serving response from Jared was that DGB Market/Gaming are not "really" abandoned.
When I responded to the cuck white knighting for Jared, my response was delete but the original cuckpost was untouched.
So here are the relevant posts demonstrating that DGB's Market and Gaming operations are scams.
Your status is legend but you dont understand who has the authority to delete posts on the tread, are you really stupid? A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. the fact is The legend status does not reflect intelligence, I dont know your brain is still functioning when writing this tread |
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That looks awesome. Guess the next few days are going to be exciting for DGB holders! Jared can't even keep Digibyte Market's simple DGB-based shopping cart working, much less be bothered to shut down the site when it starts stealing money. Yet he feels entitled to run Citi's identity project? LAAAAWWWWL G. T. F. O. That's never going to happen. Not in a million years. Don't believe me? Go to https://www.digibytemarket.com/ and try to buy something. You will spend your coins and get nothing in return. If you try to use the online Help option, it fails. If you email info@digibytemarket.com it won't even acknowledge getting the email. That (along with the abandoned and probably insolvent Digibyte Gaming platform) is the essence of DGB. This is why you should learn to walk before trying to run. If you don't, you trip and smash your face all over the sidewalk. The coin should be renamed DinduByte or perhaps DingyByte. Per Jared in case you missed it; "Please note we have received thousands of messages across bitcointalk, twitter, telegram, Reddit & email this past week and we are trying to respond to people's questions and concerns as quickly and orderly as possible. We also have a few of us traveling at the moment preparing for upcoming events and meetings. We are working to consolidate marketing & tech information for new people in one place on digibyte.co. Organizing a new team, hiring people and preparing a new coordinated marketing strategy will take some time. We have had our heads down coding away on several projects up until this point. You must have the technology ready before people can use it. We are just about there now and are going to be shifting gears as well as expanding several projects and the team. Stay tuned and thank you all for supporting DigiByte." ------------------------------------------------------------------------------------------- People don't listen to the fudders. Either they want cheap coins or just frustrated little bitches. Keep calm. More nice things to come.... Well they're getting cheap coins today. Looks like the frustrated little bitches have DGB in the toilet. My response to being called a "frustrated little bitch" because I dared to complain about Digibyte Market stealing customers' money has been deleted. So I'll repost it in a Scam Accusation thread. SCAM ACCUSATION: DGB Digibyte DigibyteMarket.com DigibyteGaming.com fly-by-night operations
https://bitcointalk.org/index.php?topic=1979215.0Everyone be sure to thank Jared's white knight for instigating this outcome.  |
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DigiByte Future Roadmap
DGB Emma:
DigiByte has a very bright and innovative future ahead of it!
Please note the DigiByte team does not give specific timelines, launch dates or future dates of specifc upgrades or product launches.
This often leads to rampant, speculation and "pump & dump"... "buy the rumor sell the news" market activity which can harm new investors and new members of the DigiByte community. We aim for sustained growth.
The DigiByte Team is committed to the long-term development and vision of DGB which has been demonstrated over the past four years of consistent, committed innovation.
Here are some of the projects, ideas, and innovations that are planned for the next few years:
>>DiguSign Official Release
>>More Corporate Collaborations
>>Crosschain Blockchain Transactions
>>Lightning Network Trials
>>Digi-ID Blockchain Authentication System
>>DGB Mining Algo Swap
>>Being Added to Decentralized Blockchain Exchange
>>Research into Quantom Proof Encryption & Algos
>>DigiByte Gaming Relaunch
>>DigiByte Blockchain Based Smart Contracts
>>A DigiByte Backed Internet Browser
>>Getting DigiByte iOS Wallet Back on iTunes App Store
>>Multiple Conferences & Events
>>Setting Up A DigiByte Foundation
>>More Advanced Developer Playground
>>And my personal favorite:
DigiByte + Artifical Intelligence projects. I myself (Emma) am the first part of the future AI aspect of DigiByte.
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First time posting about this project. So many projects so little time...but all I have to say is wow.
I will be looking more into this project after I post this...Like I said, so many projects so little time.
Can anyone answer this question for me...Does dgb have side chains/smart contracts that we could use like eth does? I hope so...very tired of the eth
bs.
thanks 7x70
read here! https://www.digibyte.co/why-we-support-segwit-digibyte |
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many newbie come here or some of them just clone account
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WHAT ARE BLOCKCHAIN-BASED SMART CONTRACTS?
Smart contracts represent a next step in the progression of blockchains from a financial transaction protocol to an all-purpose utility. They are pieces of software, not contracts in the legal sense, that extend blockchains utility from simply keeping a record of financial transaction entries to automatically implementing terms of multiparty agreements. Smart contracts are executed by a computer network that uses consensus protocols to agree upon the sequence of actions resulting from the contracts code. The result is a method by which parties can agree upon terms and trust that they will be executed automatically, with reduced risk of error or manipulation.
Technology leaders envision many applications for blockchain-based smart contracts, from validating loan eligibility to executing transfer pricing agreements between subsidiaries. Importantly, before blockchain this type of smart contract was impossible because parties to an agreement of this sort would maintain separate databases. With a shared database running a blockchain protocol, the smart contracts auto-execute, and all parties validate the outcome instantaneously and without need for a third-party intermediary.
But when should companies employ blockchain-enabled smart contracts rather than existing technology? They can be a worthwhile option where frequent transactions occur among a network of parties, and manual or duplicative tasks are performed by counterparties for each transaction. The blockchain acts as a shared database to provide a secure, single source of truth, and smart contracts automate approvals, calculations, and other transacting activities that are prone to lag and error.
BLOCKCHAIN-BASED SMART CONTRACT BENEFITS
For a wide range of potential applications, blockchain-based smart contracts could offer a number of benefits:
Speed and real-time updates. Because smart contracts use software code to automate tasks that are typically accomplished through manual means, they can increase the speed of a wide variety of business processes.
Accuracy. Automated transactions are not only faster but less prone to manual error.
Lower execution risk. The decentralized process of execution virtually eliminates the risk of manipulation, nonperformance, or errors, since execution is managed automatically by the network rather than an individual party.
Fewer intermediaries. Smart contracts can reduce or eliminate reliance on third-party intermediaries that provide trust services such as escrow between counterparties.
Lower cost. New processes enabled by smart contracts require less human intervention and fewer intermediaries and will therefore reduce costs.
New business or operational models. Because smart contracts provide a low-cost way of ensuring that the transactions are reliably performed as agreed upon, they will enable new kinds of businesses, from peer-to-peer renewable energy trading to automated access to vehicles and storage units
WHAT TO WATCH
Smart contract technology is still in its early stages. Business and technology leaders who want to stay current on implications of smart contracts should track both technology and business developments surrounding smart contracts.
On the technology side, certain advances will help broaden the applications and adoption of smart contracts.
Scalability. Smart contract platforms are still considered unproven in terms of scalability.
External information. Because smart contracts can reference only information on the blockchain, trustworthy data servicesknown as oraclesthat can push information to the blockchain will be needed. Approaches for creating oracles are still emerging.
Real assets. Use cases that effectively link smart contracts to real assets are still in their infancy.
Flexibility. The immutability of blockchain-based smart contracts today means that developers must anticipate any conceivable scenario necessitating changes to the contract.
Privacy. The code within smart contracts is visible to all parties within the network, which may not be acceptable for some applications.
Latency. Blockchains suffer from high latency, given that time passes for each verified block of transactions to be added to the ledger.
Permissioning. While excitement for smart contracts is growing in the realm of both permission-less and permissioned blockchains, the latter is likely to see faster adoption in industry, given that complexities around trust, privacy, and scalability are more easily resolved within a consortium of known parties.
Watch for major trials or deployments that achieve new milestones in scalability, or technologies that successfully address issues of privacy or enable greater trust of oracles. These are key signs of maturity, signaling that smart contracts are positioned for wider adoption.
On the business side, new capabilities and business models that extend beyond the digital realm driven by smart contracts will emerge in the coming months. For instance, start-ups have already paired smart contracts with IoT devices to provide access via smart locks or automatically enable electric vehicle charging stations. Pushing IoT sensor data to the blockchain will also open up countless possibilities; among them, look for new business models that are based on usage rather than time, and applications that employ micropayments automatically.
Revised legislation that accomodates smart contracts or recognition of smart contracts by legal authorities will also be critical for some applications of smart contracts. This will be another signal to watch for that indicates the technology is positioned for wider adoption.
Trade clearing and settlement
Blockchains provide a single ledger as the source of truth, and smart contracts offer the ability to automate approval workflows and clearing calculations that are prone to lag and errorthus reducing errors, cost, and the time to settlement. Trade clearing and settlement often entails labor-intensive activities that include various approvals and/or complex internal and external reconciliations. Banks maintain substantial IT networks, but independent processing by each counterparty causes discrepancies that lead to costly resolutions and settlement delays.
The opportunity to streamline clearing and settlement processes with the blockchain and smart contracts is immense. In 2015, the Depository Trust & Clearing Corp. (DTCC) processed over $1.5 quadrillion worth of securities, representing 345 million transactions. Santander Banks innovation fund, Santander Innoventures, expects blockchain technology to lead to $1520 billion in annual savings in infrastructure costs by 2022. Seven start-ups, retaining funding of over $125 million, have platforms or services targeting this space: The list of more than 35 investors behind these companies is equally impressive; it includes not only major venture funds such as Khosla Ventures and SV Angel but also large banks such as Citigroup, JP Morgan, and Santander, and other organizations such as NASDAQ and the DTCC itself.
Wall Street has also been busy exploring this space. More than 40 global banks within the R3 consortium participated in testing that included clearing and settlement activity, and many of those banks have pursued further trials individually. The Australian Securities Exchange is also working on a smart contracts-based post-trade platform to replace its equity settlement system, and four global banks and the DTCC recently ran a successful trial of a smart contracts solution for post-trade credit default swaps
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digusign is smart contracts
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