The place of DigitalBits in The World of Cryptocurrency

diamondbea (25)in #blockchain • 5 years ago (edited)

The acceptance of cryptocurrency in the digital world has not been fully achieved, so DigitalBits has created a blockchain with a protocol layer that helps to facilitate the liquidation of assets on the digital platform, so it can drive mass adoption of cryptocurrency.
The blockchain is a technological advancement from the usual blockchains as it offers solutions to some of the problems faced by industries such as finance and food etc. It enables all assets owned digitally to be tokenized on a public blockchain, therefore, benefiting the consumers and the enterprise-issuers.
DigitalBits blockchain allows assets to be easily tokenized as it has a transaction and trading layer where businesses are carried out, it also has a loyalty and reward system that benefits the users as they earn points due their relationship with the group or brand.
The DigitalBits network is a collection of different DigitalBits cores connected and run by numerous individuals located in different places in around the globe giving the network a global spread, this adds reliability to the network.
The cost of running transactions on the platform is relatively low which encourages the users of the network to remain loyal to the network.
The network possesses different servers that have its own specific function, the bridge server that enables users to send and receive money across different applications, the federation server enables an easy experience for the users as they don't have to familiarize themselves with the public-key cryptography of the apps they use for their transactions.
The XDB token would be used on the platform due to its protective and security features, and anyone joining the network must have a minimum of 10 XDB tokens so as to prevent people with fraudulent intent from joining the network. XDB also acts as a bridge that helps with trades between buyers using non-native tokens.