DigitalBits closes the gap of blockchain adoption by integrating with consumer apps - unlocking value in the pockets of millions. DigitalBits is a third generation protocol over the former Stellar network, that shares many of the same benefits, but differs in key aspects that support an enterprise-grade blockchain. By tackling the challenges of useability and mainstream adoption, DigitalBits sets an initial focus on the points economy seeking to enhance the liquidity and utility of these digital assets locked in many applications. The built-in decentralized exchange equipped with multi-hop technology creates a flexible marketplace for consumer assets, such as loyalty points and other non-fungible tokens, facilitating seamless transfer of value. The DigitalBits blockchain launched MainNet in March of 2018 and has already demonstrated that it can drive mass scale adoption. We expect to attain in excess of 20M user accounts in 2019 - furthering the vision of a global token economy. DigitalBits has received multiple early access program (EAP) entrants from some of the largest loyalty and enterprise companies in the world.
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Basics
| Platform | Separate blockchain |
|---|---|
| Type | Native token |
| Accepting | ETH, BTC |
| Circulating Supply | 10% |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
Blockchain technology is promoted as one of the great technological advances of our time and considered as a solution to many of the technical problems faced by industries in sectors such as finance, automobile, and retail. Despite growing attention and utilization, mass adoptions of cryptocurrencies has not happened yet. So how do we cross the chasm from the vision phase to the actual use phase? To do so, blockchain technology has to target a pre-existing legacy market that already posses billions of user accounts globally in a digital asset category; Not to create a competing tokenize digital asset, but instead to transform these legacy digital assets into tokens on a public blockchain with key functionality that benefits both consumers and the enterprise-issuers of these digital assets.
The DigitalBits blockchain powered infrastructure that builds a bridge facilitating the implementation of new technologies to support and enhance our every day life interactions as well as foster blockchain mass adoption. The DigitalBits blockchain allows for easy asset-tokenization using a transaction and trading layer for the point economy. We present a loyalty- and reward points focused running case, detail the advantages of the system, outline the requirements and goals, as well as the architecture of the DigitalBits network and ecosystem. In addition, we present the on-boarding process of digital assets and the asset tokenization which is an indispensable functionality of our platform. Furthermore, we introduce the novel idea of the token name certification service (TNCS) that prevents malicious network entities from issuing and distributing illegitimate tokens of assets that they are not associated with. Finally, we present the XDB token value proposition and the surrounding token economy ecosystem that fuels the platform.
