IT'S TIME FOR BLOCKCHAIN ADOPTION THROUGH DIGITALBITS

aaaadon (25)in #exchange • 6 years ago

Mass adoption of blockchain technology is the trending news today. Everyone is opting for mass adoption, one question should be; will the current blockchain systems be able to ensure mass adoption?. But that doesn't mean that blockchain adoption won't take place, it will but first, the existing services need to be enhanced so that there will be faster confirmation of transactions, ease of use etc.

It is worthy to know that in the world today blockchain technology has succeeded in disrupting many platforms or systems through the use of decentralization and smart contracts. With these features, blockchain has solved issues in many systems while all that is required is the appropriate knowledge of blockchain.
With blockchain technology, a peer-to-peer system of transactions was created thus removing any third-party applications or platform which then results in cost-effective processes. Also, with decentralization made possible by blockchain, data breaches are limited while users in all cases maintain control of their personal data.

The opportunities and possibilities associated with blockchain technology are too numerous to mention thereby making it necessary for the existing services to be enhanced so that mass adoption will be successfully achieved. This mass adoption is what a blockchain system known as DigitalBits aims to offer.

THE ISSUES DIGITALBITS AIMS TO SOLVE

A study has it that in the crypto space today, numerous people come up short on the suitable information of the crypto space, what it's about and so on. In this way, it appears that just a few use digital assets. In addition, current blockchain systems are too mind-boggling and complicated in this manner being hard to Implement into existing services or systems.

Besides, most cryptocurrencies do not have the suitable necessities which can guarantee they can be utilized on a global scale, for example, an absence of transferability and transportability which then results in unfriendly user experience and deterrent to the mass adoption of blockchain technology.

WHY DIGITALBITS IS THE RIGHT SOLUTION

A team of brilliant minds built DigitalBits so as to understand and solve the issues limiting blockchain and in that capacity cryptocurrencies from achieving mass adoption. DigitalBits is a convention layer or protocol layer of blockchain which is developed in order to help in guaranteeing the liquidity of different cryptocurrencies in the meantime integrating with existing consumer applications in order to make blockchain to be embraced by all.

DigitalBits is a fork of Stellar blockchain thus will leverage in its benefits while eliminating restrictions in the form of token Inflation while token name confirmation services are Implemented.

DigitalBits Solutions
In other to settle the previously mentioned issues, DigitalBits will Implement transferability and portability of new and existing digital assets along these lines guaranteeing consistent and quicker transfer of significant value.

Additionally, since most people stores legacy cryptocurrencies which incorporate loyalty and reward points, DigitalBits trusts that by tokenizing these cryptocurrencies on its blockchain it will succeed in increasing utility of the assets without changing the highlights and behaviours or owners or holders.

Similarly, with DigitalBits protocol, there will be consistent incorporation with current existing consumer applications through this way preparing them to use blockchain while guaranteeing the liquidity of those cryptocurrencies.

Furthermore, with DigitalBits people will probably profit by what blockchain offers, while users experience is improved incredibly.

CONCLUSION

DigitalBits plans to be a blockchain platform which will be a global token economy in this way making it workable for all parties to get associated in what blockchain offers, which will be in a decentralized manner in this way eliminating any deterrents which will constrain mass adoption.
With DigitalBits being founded on the blockchain, it will be a decentralized token economy in this way Integrating with existing consumer applications thereby making it feasible for consumers and enterprise to profit in what blockchain offers while mass adoption is accomplished.

XDB is the token of the platform with a complete supply of 100 billion. XDB will be utilized to bridge transactions between two sets of cryptocurrencies which may come up short on the suitable direct market.