DIGITALBITS: OFFERING BUSINESSES AND OPPORTUNITIES BASED ON STELLAR PLATFORM ON PROWESS OF LRPs

chikky08 (46)in #blockchain • 5 years ago (edited)

Blockchain has gained so much popularity, and it’s literally getting to its head. It can’t seem to get used to the volume associated with the hype that comes with a 21st innovation. Being a digital ledger, this technology has failed in conforming to the demands of its environment. The transactional capacity of blockchain is below par and has hampered its evolution into a globally used technology. The limitation of its size and frequency has left the digital ledger groaning under the weight of the higher number of transactions. Aside from the volume madness, its leftwing speed has been exceedingly pitiable. Compared to blockchain technology, many of the regular payment platforms are light-years ahead as far as transactional speed is concerned.

One of biggest flaws of blockchain technology is the high transaction fees. This has affected the number of everyday people using this digital ledger. And it’s not difficult to fathom why this is the case since users are burdened with this extra financial weight

ABOUT DIGITALBITS AND STELLAR PLATFORM

DigitalBits is a Stellar-based platform offering businesses the opportunity to comfortably bank on the marketing prowess of LRPs. Considering the platform is entering into a previously explored area, what are its focal points?
Apparently, the DigitalBits platform is bent on creating a framework that would allow LRPs of different businesses to co-exist freely. With its multiple payment protocols including the bridge server, federation and compliance areas, there is less likelihood of payment issues occurring.

DigitalBits, based on the Stellar platform, doesn’t have high transaction fee a common affliction of Ethereum-based platforms. Businesses and customers alike wouldn’t face the hurdle of an elongated verification time and the equivalent waste of time that comes with such.

Unlike Stellar, the worth of tokens on the DigitalBits platform wouldn’t depreciate with supply as they appear to be making headway in automating the distribution of tokens using algorithms. This would be a first among many in the LRP niche.

Enterprises don’t have to expend large resources in building apps for collaboration using the DigitalBits platform. While businesses can take advantage of the DigitalBits basic app, branding might be defective unless they go the extra mile. The Stellar-based platform still ensures those looking to build distinct apps are captured accordingly through the easy availability of the Frontier API and SDK of their platform. Integration is vital on the DigitalBits platform, and these protocols make this possible.

With the safety issues that arise within this sort of digital space, the security features needed to guarantee optimum performance have been put in place. The DigitalBits network is made of multiple cores, and they have a remedying effect on how much users pay during transaction. With the company’s desire to back up their data, they opted to use their archive servers to good use.

FINAL THOUGTS
To avoid customers being fleeced through the actions of brokers and middlemen, DigitalBits cores are available to stakeholders to utilize. With this singular action, the platform intends to guarantee its persistence for the long-run. CHEERS!!!