DigitalBits (XDB)

What is DigitalBits?

DigitalBits (XDB) coin is a protocol layer blockchain designed to support consumer digital assets, namely brand currencies. As a fork of Stellar, DigitalBits has many of the same features, but differs in key aspects supporting enterprise-grade blockchain.

DigitalBits (XDB) is an open source cryptocurrency Real Estate project based on Stellar that has developed the DigitalBits blockchain protocol, a secure and low-budget worldwide transactional payment network. This blockchain protocol and network layer supports a variety of use cases including consumer digital wealth, such as branded currencies. As a fork of Stellar, DigitalBits has many of the same features but is different in the main aspects of enterprise-grade blockchain interoperability. 

What is DigitalBits used for? 

Build decentralized applications

Application developers can use the Frontier’s Restful API via the web browser to build platforms as the Frontier APIs and SDKs can also be used to build or enhance custom brand-specific Apps and clients.

Process transactions

Transactions can be submitted without having to rely on a third party and the DigitalBits core can select its instance of who to trust

Staking

DigitalBits allows for staking. Each account on the DigitalBits blockchain is required to stake a minimum of 10 XDB tokens to ensure an account is authentic and for the send function to be enabled on the network.

Trade facilitator

XDB enables transactions among non-native tokens, by acting as a bridge to facilitate trades between pairs of other digital assets, which may not have a large direct market. 

Payment

DigitalBits XDB token can also be used for fast and low-cost micropayments and remittances.

What is the Unique Point of DigitalBits ?

DigitalBits Network has a lot of unique properties which include its open-membership system in which anybody is free to spin up a node to help support the network. Unlike Bitcoin, these protocols do not require complex mining hardware. Instead, a standard laptop capable of running the software is sufficient, significantly reducing the barrier to entry and consumption of electricity.

Also, operating the platform’s validator node offers benefits that allow for participation in consensus, provide security to the network, aid in submitting transactions to the network without relying on a third party which grants quicker access to ledger data, and finally helps in setting up customizations of the business logic or API’s while preserving and being able to directly access the history of the network by storing all past ledgers.

On the ecosystem, businesses and other participants stand to benefit from increased performance resultant of being directly connected to the network as there are no explicit requirements in terms of uptime or node maintenance.

Unlike most projects, the DigitalBits blockchain does not subject its native token, XDB, to inflation. Instead, following network and account usage, tokens allocated to the algorithmic pool will be disseminated amongst network participants, making it the best unique feature it offers.

Roadmap

• Testnet Launch - November 2017
• DigitalBits Mainnet Launch - January 2018
• XDB Explorer Launch - February 2018
• DigitalBits launches Partner Ecosystem Program - May 2018
• Developer Portal Launch - October 2018
• Sputnik - June 2020

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