WHAT TO KNOW ABOUT DIGITALBITS

aaaadeny (38)in #blockchain • 5 years ago

When something is unique that is to say, it stands out. Thus one can't be mistaken for saying blockchain technology is an outstanding technology. Owing to the way it was created it has succeeded in disrupting the current centralized platforms through this way making it possible for users to access or experience a new dimension of services.

Blockchain had the capacity to disrupt this present period because it has made it feasible for users to execute on a distributed premise without the need of any Intermediary. The benefit of this is, there are cost adequacy and security of individual data.
Likewise, when transacting parties concur on a specific transactions, with the guide of smart contracts, the transaction will be recorded and upheld.

In any case, regardless of opportunities and possibilities in the blockchain space, blockchain is yet to achieve mass adoption. This absence of mass adoption can be ascribed to numerous shortcomings of which low transactions speed, lack of blockchain and cryptocurrency knowledge, complexity and lack of user-friendliness are among the issues which are limiting blockchain from reaching far and wide.

In other words, for blockchain technology to achieve mass adoption it will be necessary to upgrade the services blockchain offers. So as to guarantee this, a blockchain-based platform known as DIGITALBITS was created.

WHAT TO KNOW ABOUT DIGITALBITS

DigitalBits is a blockchain-based platform or protocol with the aim of conveying blockchain to the masses. It is structured so that its protocol layer blockchain will help advance or guarantee global market liquidity of many cryptocurrencies in the meantime associating with current existing applications all in a way to drive the required mass adoption of blockchain.

DigitalBits additionally, makes it feasible for assets tokenization to be achieved via the use of a trading and transactions layer in this manner fulfilling the point economy. Similarly, so as to draw more association inside its platform, DigitalBits Implements a loyalty and reward program through this way rewarding users for their commitments towards the development of the platform.

Since security is exceptionally imperative in any platform, DigitalBits intends to maintain or guarantee such through the Introduction of Token Name Certification Service (TNCS), with this, counteracting degenerate practices which may originate from systems who may expect to issue or circulate non-genuine tokens.

DigitalBits also offers multi-hop transfer of digital assets which is as high as 6 hops separated. With this, DigitalBits will most likely give higher liquidity of tokens regardless of the nonattendance of direct market. In the same way, DigitalBits will offer a platform token known as XDB which is the token of the ecosystem and through which all services are gotten to.

CONCLUSION

DigitalBits is a protocol layer of blockchain which is built to encourage the Implementation or development of new innovations to improve day by day life activities in this way leading to mass adoption of blockchain.

DigitalBits is developed in a way that its protocol can bolster high throughput, transfer just as on-chain exchanging. At the same time, the platform will be easily accessible which is accomplished by being a go-to-market platform thus tokenizing existing enterprise digital assets.
The token of the platform is XDB with an absolute supply of 100,000,000,000.