Infrastructure based on DigitalBits blockchain

Good afternoon, my dear crypto-enthusiasts, and today I want to tell you about the wonderful and promising DigitalBits and its advantages.

About 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.

HOW will IT ALL WORK?

Solving the issues inherent in current loyalty programs won't be straightforward. Introducing a redistributed and clear platform may be a positive step within the right direction. instead of wishing on intermediaries to manage the loyalty rewards issued by retailers to customers, the mediator is off from the equation altogether.

Indeed, Digitalbits aims to create all loyalty points 100 percent transportable. The platform are going to be hospitable anyone and everybody round the world, which is able to actually build it rather appealing to lots of corporations. With no pricey intermediaries to modify, the transfer valuable from retailers to shoppers can become simplified and lots cheaper.

Powering all of this is often the Digitalbits blockchain, which might perform cross-asset transfers valuable. Moreover, everybody will produce new digital tokens which might be transferred on the network at least value. All of those tokens are often changed for all different tokens issued on this blockchain through this ecosystem’s native quality.

Benefits of participating in the project

The blockchain DigitalBits network is for anyone to use. Anyone can create digital assets (also known as digital tokens) that are portable / transferable on this decentralized network. When businesses encrypt their loyalty points on this network, consumers will receive points as a digital token.

Users can directly deal with these different digital tokens (eg, A token B token B) directly on the chain along with the original digital asset of the blockchain named carefully Drake's digital algorithm or XDB. The decentralized DigitalBits network does not require centralized intermediaries to impose too high fees. Transfer only takes a few seconds and only requires a nominal fee.

Core Features of DigitalBits

DigitalBits boast of an Agent-Oriented Modeling (AOM) methodology consisting of humans, hardware agents, and software agents and is designed to facilitate both technical and non-technical stakeholders interaction within the system. Asides from facilitating easy asset tokenization using a transaction and trading layer for digital assets, this methodology is designed to ensure scalability and decentralization of the system, support easy integration with plugins and applications built by third-party developers and provide a reliable and compliant environment for transactions where this tokens are tradable and can be used for payment and remittance.
The DigitalBits network is consist of entities such as DigitalBits cores, frontier, wallet and applications and a technological stack consisting of bridge server, federation server, and compliance server. The DigitalBits core is the backbone of the DigitalBits platform and the key roles of the platform are played by the nodes of the DigitalBits blockchain. The DigitalBits Blockchain is a fork of the stellar blockchain designed to have higher transaction per seconds, proposes a cheaper transaction cost and a tailor-made blockchain for tokenization of assets.
The DigitalBits platform possesses a unique tokenization model where users of a token establish trust parameters in the on-boarding process, then the platform institutes a Token Name Certification Service (TNCS) that is unavailable in other blockchain projects that support tokens such as ethereum, stellar lumen, and waves. On this above-named platforms, any tom dick and harry can issue tokens with similar names to established projects in order to rip off unsuspecting users but the DigitalBits platform mitigates these problems of validation and authentication of digital assets via TNCS. A decentralized Multi-Hop exchange is also put in place to ensure liquidity of digital assets from LRPs programs where this token can easily be traded. Another intriguing aspect of the project is the ability to facilitate cross-asset payment in which holders of a digital asset(LRP) can access services obtainable via another LRP program.
XBD is the native currency of the DigitalBits platform and serves the following purposes: It plays protective and safety functions by serving as a requirement to use DigitalBits services, it's used for payments of transaction fees on the platform and lastly plays a significant role as a medium for payment and remittance. XBD has a maximum supply of 100 billion units and is currently available for sale in an Initial Coin Offering(ICO) that started on the 1st of March 2019 and is scheduled to end on the 31st of March 2019.

The DigitalBits Programming interface:

Most applications connect with the DigitalBits system through Frontier “a RESTful HTTP API server”, giving clients a clear method to submit exchanges, check records, and buy in to occasions. Since it's simply HTTP, you can speak with Frontier utilizing your internet browser, straightforward order line instruments like cURL, or the DigitalBits SDK for your most prefered programming language
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The most fastest approach to introduce Frontier is by utilizing DigitalBitsOrg/quickstart docker picture. Digitalbits.io looks after JavaScript, Java, and Go-based SDKs for speaking with Frontier. There are likewise network kept up SDKs for Ruby, Python, and C#.

The DigitalBits System’s Backbone (Core):

Each Frontier server associates with DigitalBits Core, the foundation of the DigitalBits system. The DigitalBits Core programming does the diligent work of approving and concurring with different cases of Core on the status of each exchange through the DigitalBits Consensus Protocol (SCP). The DigitalBits system itself is an accumulation of associated DigitalBits Cores kept running by different people and organizations around the globe. The disseminated idea of the system makes it solid and safe.

All these DigitalBits Cores in system concede in the long run to sets of exchanges. Every exchange on the system costs a little charge: 100 nibbs (0.00001 XDB). This charge keeps awful users from spamming the system.

The details of the ICO

Token name: XDB
Token type: Ethereum ERC20
Total token supply: 100 billion

The distribution of tokens and funds is as follows:

Team member project

Conclusion

If we talk about the General concept of DigitalBits, it is very interesting and ambitious. After all, the world is constantly in search of new solutions that are ready to solve some of the existing problems, and DigitalBits is one of them. Therefore, DigitalBits has a full-fledged chance to win the love of its audience, while showing its full potential.

But again, to understand the whole concept of DigitalBits you do not need to read my review. To do this, you need to go deep into the very depths of the technical documentation of this project, where step by step explains the principle of operation of each existing element within DigitalBits, and only then make some decisions about whether you are interested in this project or the Internet. And for this I have prepared all the necessary links that are waiting for you at the end of my article.

Official resources of the project DigitalBits:

WEBSITE: https://www.digitalbits.io
TELEGRAM: http://t.me/digitalbits
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
FACEBOOK: https://www.facebook.com/DigitalBitsOrg/
TWITTER: https://twitter.com/DigitalBitsOrg?lang=en
LINKEDIN: https://www.linkedin.com/company/digitalbitsorg/

AUTHORSHIP:

Bitcointalk username: LeoDav

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2539144

My etherium address: 0x3D17c00506572Bd93869D7818cE71Ae1822c139E