PAC Global Announces Strategic Partnership with DigiByte Foundation
Cheyenne, Wyoming (November 26, 2020) - PAC Global, LLC is pleased to announce its strategic partnership with DigiByte. DigiByte (DGB) is more than a faster digital currency. It is an innovative blockchain that can be used for various leading applications such as smart contracts, digital assets, secure authentication, and other decentralized apps. It is an open-source blockchain created in late 2013 and released in the first part of 2014. After six years of forward-thinking development, DigiByte has become one of the fastest, safest, longest running and most decentralized UTXO (unspent transaction output) blockchain in existence today.
PAC Global currently operates one of the largest decentralized blockchain networks in the world today with over 10,800 masternodes all based on energy efficient proof-of-stake technology. Furthermore, these nodes can be found in nearly 30 countries throughout all regions of the world. A number of applications have been released on the PAC network to date including a smart wallet along with decentralized cloud storage set to hit the market shortly. Several new products to be released will incorporate open source IPFS technology.
Outline of the PAC Global + DigiByte partnership – PAC Global will provide their massive masternode network to support the ever growing DigiAssets platform. The PAC nodes run a live active copy of the blockchain and help facilitate instant transactions on its decentralized network. Energy-efficient masternodes can be used in a variety of ways to help confirm and guarantee contracts. DigiAssets will plug into the PAC Global network to help further facilitate smart contracts, real estate contracts, and title insurance policies just to name a few applications.
DigiByte is a very well-respected platform and community which has significant traction in the industry today
stated Drew Saunders, the CEO of PAC Global.
They have a host of exciting products and we feel strongly that our current network will help to improve the overall reach and functionality of the DigiAssets platform. By acquiring additional PAC masternodes our community will continue to grow and expand our already-massive blockchain network over time” he continued. Per a statement released by DigiByte, “thank you PAC Global for your commitment to support DigiAssets on your IPFS network along with implementing DigiByte for payments in future products you will release for IPFS.