Blockchain technology has come a long way since its early days. In fact, given its size, the amount of development it saw, and the things that it can do, it is hard to believe that it didn’t exist as little as 13 and a half years ago. It is even more impressive if we note that it was only used for recording transactions up to 7 years ago.
In 2015, everything changed, however, as the launch of Ethereum pointed out the true capabilities of this technology. Even then, it was only attractive to tech geeks and online criminals for a few more years, finally coming out into the light with the bull run of 2017. It then took two more years for the bearish period that followed the bull run to end, and prove that crypto and blockchain are not dead.
Over the past two years, however, it became clear that blockchain and crypto are really not going anywhere, and that is when this technology truly exploded, attracting businesses, hedge funds, entrepreneurs, legendary investors, and pretty much everyone else. Now that brands and businesses are in blockchain, however, they require projects that would see to their own needs. One example of projects like these is DigitalBits, and today, we wanted to see what this project is all about.
What Problems Does DigitalBits (XDB) Solve?
DigitalBits is not a project that aims to solve a particular problem, but rather, it is pushing innovation, and with it, the entire blockchain industry to the next level.
Supporting innovation
The first thing to note is that the project is really supportive of development and progress, which is why it uses things like grants, various initiatives, and the power of the community to create and offer tools and resources needed to enable innovation and adoption of the project, and blockchain technology.
Pushing adoption
Blockchain technology is still far from mainstream adoption, that much is true. However, it is moving closer and closer to it with each new business that decides to use blockchain, and with each individual who joins the crypto/blockchain industry. DigitalBits helps encourage new ones from both groups to do it by offering top-notch service, new products, and improved quality of existing products and services.
Shaping commercial standards
The project’s team and the Digitalbits foundation also work alongside enterprises and several multi-national organizations in order to understand what role digital assets might play in the global ecosystem. At the same time, they provide research and technical guidance to those who are interested in adopting this technology.
Contributing to technical development
Finally, the Digitalbits team, alongside the Digitalbits Foundation, actively contributes to the maintenance and development of the Digitalbits blockchain. One of its primary focuses here is to contribute to the technical development of the blockchain in order to ensure its security at all times.
Benefits of DigitalBits (XDB)
Next, let’s talk about the benefits of this project — what does it have to offer to those who choose to use it, invest in its token, and alike. There are three major ones that we would discuss:
Speed
It seems rather clear that the speed of transactions and other processes on the blockchain is of extreme importance. The speed of traditional financial institutions and payment channels was not so impressive, especially when it comes to international transactions. Blockchain technology, on the other hand, promised near-instant transactions with little to no waiting period, and now, the blockchain community expects projects to deliver on that promise. Fortunately, Digitalbits is one of the projects that can and do deliver, with its blockchain being capable of processing up to 10,000 TPS.
Eco-friendliness
Next, it is also important to note that eco-friendliness is not something that comes with every blockchain. Bitcoin, for example, is the world’s oldest and biggest crypto, but it is not eco-friendly, which resulted in Tesla, the electric car company, dropping Bitcoin payments once this issue came to their attention.
Thanks to the growth in environmental awareness, the world is moving towards green energies, and as one of the most innovative technologies that are also most adaptable, blockchain needs to lead this charge. Eco-friendliness will be a major focus in Web3, and so eco-friendly chains are likely to perform better than others. Digitalbits ensured that it will, in fact, be eco-friendly and environmentally sustainable.
Built for enterprises
Lastly, we should note that Digitalbits blockchain also provides the innovative functionality organizations require in order to interact with their customers, get a competitive edge against their competitors, and alike. This is why Digitalbits is an excellent solution for corporations that are considering integrating with a new blockchain project.
How Does DigitalBits (XDB) Work?
Digitalbits is a protocol layer blockchain designed to support consumer digital assets. This is especially true when it comes to brand currencies, non-fungible tokens, and alike. It is a blockchain fork of Stellar, which was, and still is one of the fastest blockchains in the industry.
Being Stellar’s fork, Digital bits shares a lot of the same features of the older project, but it also has some key differences that support an enterprise-grade blockchain, which Stellar does not. After all, Stellar was meant for individual users, while Digitalbits focuses more on brands.
It is fast, eco-friendly, and build for enterprise usage, which allowed it to partner with some of the leading brands from all over the world. Some examples include Rakuten TV, AS Roma, Dignitas, Inter Milan, and others. In the end, the project represents a growing network of partners, projects, integrations, and other organizations that aim to use blockchain technology to build a future together.
How to Buy DigitalBits (XDB)
Currently, DigitalBits (XDB) is available for purchase on the following exchanges.
KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens. This exchange currently accepts International & United States residents.
DigitalBits (XDB) — An open-source blockchain that powers digital assets
Digitalbits is one of the projects that are focusing on speeding up enterprise adoption of the blockchain by offering advanced technology, fast transactions, great scalability, and as many other benefits of this tech, while doing its best to eliminate as many of its flaws as possible. In doing so, it is helping the blockchain go mainstream in its own way, and while it is not alone in this – every new company and organization that joins the blockchain industry through it is another small victory, and a step closer to mass adoption.
This news is republished from another source. You can check the original article here
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