WHY DIGITALBITS STANDS OUT

flezy (40)in #blockchain • 5 years ago

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One amazing thing about blockchain technology is the features and functions associated with it which includes decentralization, use of smart contracts etc. These features within blockchain have made it be able to stand out thus having the capacity to revolutionize this current era in many ways. One might ask how? Blockchain technology was able to revolutionize this current era because it has made it possible for users to transact on a peer-to-peer basis without the need for any Intermediary. The advantage of this is that there are cost-effectiveness and security of personal or transaction information.
Also, when two parties agree on a particular deal, with the aid of smart contracts, the deal will be signed and thus automatically enforced, through this way removing any iota of manipulation.

But despite all these opportunities within blockchain technology, it is yet to reach the masses or in other words, it is yet to be adopted on a global scale. This lack of mass adoption can be attributed to many things of which complexity is among in addition to low transactions confirmation. That is to say, for blockchain technology to reach mass adoption there is need to enhance the services blockchain offers such that transactions can be confirmed ASAP. In order to ensure this, a group of experts came together and built a blockchain-based platform known as DIGITALBITS.

WHAT IS DIGITALBITS?

In simple terms, DigitalBits is a blockchain-based platform or project aiming to bring blockchain technology to the masses, in order words DigitalBits aims to make blockchain technology to be used in everyday life endeavours.
DigitalBits is designed in such a way that it is a protocol layer blockchain which will help promote or ensure global market liquidity of many digital assets at the same time connecting with current existing applications all in a bid to drive the needed mass adoption of blockchain technology.

DigitalBits also, makes it possible for asset tokenization to take place through the use of a transaction and trading layer thus satisfying the point economy. In the same way, in order to draw more interaction within its platform, DigitalBits Implements a loyalty and reward program through incentivising users or members for their contribution toward the development of the platform.
Since security is very vital in any platform, DigitalBits aims to uphold or ensure such through the Introduction of Token Name Certification Service (TNCS), with this, preventing ill or corrupt practices which might come from network systems who may aim to issue or distribute non-legit tokens.

WHY DIGITALBITS STANDS OUT

DigitalBits also offers multi-hop transfer of assets which is as high as 6 hops apart. With this, DigitalBits will be able to provide higher liquidity of tokens irrespective of the presence or absence of the direct market.
DigitalBits offers a platform token known as XDB which is the token of the ecosystem and through which all services are accessed.
DigitalBits is built in such a way that its protocol can support high throughput, transfer as well as on-chain trading. With this, transactions will be quicker and reliable.
DigitalBits will be easily accessible which is achieved by being a go-to-market platform which tokenizes already existing enterprise digital assets.
The team behind DigitalBits ensure that their platform is always ready to integrate with existing consumer applications through this way drawing more users into the blockchain space.

CONCLUSION

DigitalBits is a protocol layer of blockchain which is built to facilitate the Implementation or development of new technologies so as to improve daily life interactions thus paving the way for mass adoption of the blockchain.
The token of the platform is XDB with a total supply of 100,000,000,000.