What is DigitalBits?
DigitalBits is a project that provides development, infrastructure, events and education resources through a global network and transaction protocol. This project is an open-source blockchain that calls for the development of safe and inexpensive global networks, protocols and transactions for anyone to use, including but not limited to businesses with loyalty and reward programs with their users. Loyalty operator programs can support their respective loyalty points as digital assets in this decentralized network and users can trust these digital assets simultaneously.
DigitalBits helps solve problems of portability, security and liquidity with certain digital assets, such as Loyalty and Rewards programs, and helps generate added value for customers, businesses and certain charitable organizations.
The decentralized DigitalBits network also does not need to be centralized which requires more costs for its use. In this network the transfer is done in seconds and only requires a nominal fee.
DigitalBits not only supports micro payments and fast shipping at low prices, but also organizations or companies that use this network will have the opportunity to add their assets to the blockchain.
This platform provides Digitalbits, XDB, original digital assets that can be purchased with tokens and greatly reduces user transaction costs, which are contradicted by traditional centralized systems that charge exorbitant fees to clients. This platform requires the shortest time to complete the transaction.
Decentralized Payments
The more transactions, the more you are interested in protecting it. The traditional financial system helps third parties such as money transfer companies to ensure transactions are protected, while this is beginning to change. Residents of a small island called Yap came up with alternative solutions. Each resident keeps a mental record of who owns assets on the island and finally issues this system as a record of a distributed community that can be referred to as a compilation of disputes arising.
Blockchain is this community except on a global and digital scale. It stretches across the earth, with computer users in every support that supports transactions. The feature of the blockchain is that they cannot be changed, changed, and available to the public. This is this characteristic.
The blockchain solution facilitation platform appears to benefit the industry. With services that include access to friendly blockchain, own tokenisation capability, and smart performance, this platform contributes to the massification of the blockchain as a technology that's applied in everyday life. This is the case of DigitalBits.
DigitalBits feature
The company mostly plans to improve the damaged trading system which is provided in a centralized system that has exploiters for traders. Therefore, the main focus area is by the retailer and consumer teams. The main system in transaction repair systems is XDB as a digital transmission media. The team attracted the entry of most retail businesses from supermarkets, hotels, and online transactions between other businesses to embrace the system without competition. Therefore, it is possible to transfer assets in the form of any value. The platform thus gives their enthusiast universal points to embrace transactions.
DigitalBits Token (XDB)
The DigitalBits ecosystem will have its own XDB token. XDB Tokens are utility tokens, which are used for operations on the DigitalBits platform. Users can get XDB because of DigitalBits' revolutionary loyalty reward program that was created to solve problems of portability, security and liquidity. XDB digital prizes can be purchased for other Prize points on other DigitalBits partner platforms, or for cryptocurrency.
XDB serves three main purposes
- First, as a protective security feature. Every account on the DigitalBits blockchain is required to install a minimum of 10 XDB tokens to ensure that the original and gel-enabled accounts are enabled on the network. For example, if Jane wants to send 20 Tokens to Tom, her account must have at least 30 Tokens to support. In addition, each transaction generates a small 0.00001 XDB transaction fee. Both requirements perform as a protective security feature and prevent users with malicious intent from flooding the network.
- Second, XDB allows transactions between non-genuine tokens, by involving bridges to facilitate trade between other digital asset pairs, which may not have a large direct market.
- Finally, DigitalBits XDB tokens can also be used for micro payments and fast and cheap money transfers.
For detailed information, please visit official :
- Website: https://www.digitalbits.io/
- Whitepaper: https://storage.googleapis.com/westart-files/digitalbits-pre-sale/DigitalBits_Whitepaper_2_2.pdf
- Lightpaper: https://www.digitalbits.io/resources/digitalbits-lightpaper/
- ANN Thread: https://bitcointalk.org/index.php?topic=5026550.0
- Twitter: https://twitter.com/DigitalBitsOrg?lang=en
- Facebook: https://www.facebook.com/DigitalBitsOrg/
- Telegram: https://twitter.com/DigitalBitsOrg?lang=en
Author :
- https://bitcointalk.org/index.php?action=profile;u=2443861
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