This article explains the core infrastructural design of Digitalbits ecosystem with emphasis on how it will harness the golden gifts of blockchain to perfect the transaction and trading layer for the point economy.
For any firm or business partners that choose to use Digitalbits network will have to acquire a minimum of XDB tokens. Then Digitalbits will create a token for them under the name they prefer. This is the token they will be using to reward their customers who participated in their LRP(Loyalty and reward programs).
The token has so many potentials in the customer's hands:
-Can be used to buy other products from the same firm
-Exchanged for other tokens
-Can also be traded to Fiat currencies
A typical example is of Hotelbrand, they make use of Digitalbits.
How does Digitalbits differ from other blockchain platforms?
To answer this question we need to recall the basic infrastructural design of the popular platforms; Ethereum, Waves, and Stellar. Ethereum is created everyday which subject it to inflation not to mention it's reliance on proof-of-stake. Though Digitalbits is like a fork of stellar, it differs from it in many ways. Digitalbits has the following benefits over them:
-Not subjected to inflation
-Outshines them in number of transactions per second(10000/s) and transaction verification time(3-5 sec)
-Legal complaince
-Multi asset support
-Distributed exchange
There is more to mention about this marvelous breakthrough in the utilization of blockchain by Digitalbits, I recommend for further expatiation check out the following links:
Website: https://www.digitalbits.io/
Westart: https://www.westart.co/project/digitalbits-presale
Twitter: https://twitter.com/DigitalBitsOrg?lang=en
Telegram channel: http://t.me/digitalbits
Announcement thread: https://bitcointalk.org/index.php?topic=5026550.0