WHY THERE IS A NEED FOR DIGITALBITS
Every evolving system needs time and patience from the users and a constant improvement from the developers in order to reach it required height while serving the purpose it was created for. This can be attributed to the blockchain ecosystem.
Since its inception, blockchain technology has been growing tremendously while revolutionizing any platform it is Implemented on, be it Banks, E-commerce, Healthcare etc. This was made possible apparently due to its features such as decentralization and use of smart contracts. This is true because, by applying blockchain in the healthcare industry there will be a security of medical records, by applying blockchain in the banking industry there will be cheaper means of transactions while in the e-commerce third-party applications or agents will be removed.
Thus one can see that indeed, the blockchain platform has changed this current era for good.
But like earlier stated, every evolving system needs constant improvement so as to satisfy the need of users while drawing more users as well; blockchain irrespective of its outstanding nature still finds it hard reaching mass adoption. A study has shown that there are issues which are limiting this mass adoption which are;
- Low transactions per second when it comes to top cryptocurrency like Bitcoin thus processing about 223,973 transactions per day. While on the other hand, centralized systems like Visa processes more than 150 million transactions per day.
- Lack of appropriate knowledge on what blockchain technology and as such cryptocurrency is all about, thus only a certain few hold or trade cryptocurrencies.
- Lack of user-friendliness. This is true because owing to the complex nature of the blockchain platform or services it might be hard convincing an individual to change his workflow or learned consumer behaviour. In addition, is a lack of portability and transferability.
In order to ensure blockchain reaches mass adoption led to the creation of DIGITALBITS.
WHY DO WE NEED DIGITALBITS
DigitalBits is a blockchain protocol designed in order to solve the issues posing as a barrier to the mass adoption of blockchain and cryptocurrency.
To achieve its aims and objectives, DigitalBits supports an enterprise go-to-market strategy. The importance of this is that, with DigitalBits tokenizing enterprise program's existing digital assets, all the wallets within that enterprise ecosystem will be automatically forwarded to DigitalBits blockchain protocol, thus resulting in millions of users or consumers utilizing what blockchain offers without knowing. The amazing feature of DigitalBits ecosystem is that users or consumers won't have to change their learned behaviour, through this, blockchain will be understood by all while mass adoption is achieved.
We need DigitalBits because it is designed to create a universal token economy which all services or bodies will be enabled to utilize the services within blockchain technology, thus in a peer-to-peer basis or decentralized manner without any restrictions whatsoever.
DigitalBits is needed as it is an already developed blockchain protocol which will ensure there is liquidity of various cryptocurrencies and integration with already existing applications. In the long run, offering high throughput and transfer while driving mass market adoption of the blockchain.
Furthermore, DigitalBits is needed as it has a multi-hop transfer of assets thereby providing higher liquidity to tokens even if no direct market exists, in the long run resulting to a next-generation blockchain platform that is solving the issues of usability and mainstream adoption.
CONCLUSION
In conclusion, the team behind DigitalBits aims to bring together high-end technologies and enterprise-grade execution thus bringing cryptocurrencies to the masses.
###MORE INFORMATION ABOUT DIGITALBITS CAN BE FOUND IN THE FOLLOWING LINKS
Telegram: http://t.me/digitalbits
Twitter: https://twitter.com/DigitalBitsOrg?lang=en
Facebook: https://www.facebook.com/DigitalBitsOrg/
Westart: https://www.westart.co/project/digitalbits-presale
Website: https://www.digitalbits.io/
Ann Thread: https://bitcointalk.org/index.php?topic=5026550.0
Whitepaper: https://storage.googleapis.com/westart-files/digitalbits-pre-sale/DigitalBits_Whitepaper_2_2.pdf
Author's Bitcointalk Username: Flezy
Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485