About DigitalBits
DigitalBits is a Blockchain technology designed to help facilitate market liquidity for different types of digital assets and integrate with existing applications to promote the adoption of Blockchain technology in the public market. them
DigitalBits is a modern application designed to serve millions of users in electronic money. This is a new generation project to solve the problems of usability and orthodox application. By combining technology, implementing group and enterprise level, they will bring electronic money to the public.
Send and receive money
To send and receive money at DigitalBits you need an account. If you have not created an account, Join here: https://digitalbitsorg.github.io/js-digitalbits-sdk/Keypair.html. Now that you have an account, you can send and receive money through the DigitalBits network.
Most of the time, you will send money to others who have their own accounts. But, for this interactive tutorial, you should create a second account to trade using the same method you used to create the first account.
Submit payment
Actions to change things in DigitalBits, like sending payments, changing your account or making suggestions to trade different currencies, are called activities. [1] To actually perform an activity, you create a transaction, which is just a group of activities with some additional information, such as which account performs the transaction and digital signature to verify proving that the transaction is authentic.
If any activity in the transaction fails, all fail. For example, suppose you have 100 bitcoin and you make two 60-bit payment operations each time. If you make two transactions (each transaction has one operation), the first time will be successful and the second will fail because you do not have enough digital numbers. You will be left with 40 digital. However, if you group two payments into one transaction, both will fail and you will be left with 100 full bitcoin in your account.
Finally, each transaction costs a small fee. Like the minimum balance on an account, this fee helps prevent people from overloading the system with lots of transactions. Known as a basic fee, it's very small 100 100 nibbs per operation (that's 0.00001 XLM; nibbs are easier to say than such small fractions of a bitcoin). A transaction with two operations will cost 200 nibbs.
Trading in other currencies
One of the great things about DigitalBits is that you can send and receive many types of assets, such as US dollars, Nigerian naira, digital currencies like bitcoin or even is your own new type of asset.
Although DigitalBits' own properties, Digitalbits, are quite simple, all other assets can be considered credit granted by a specific account. In fact, when you trade US dollars on DigitalBits, you don't actually trade US dollars but you trade US dollars from a specific account. That is why the properties in the example above are both coded and an issuer. The issuerl is the ID of the account that created the property. Understanding which accounts have issued assets is important for you to believe that, if you want to exchange your dollars on the DigitalBits network to get actual dollar bills, the issuer will be able to provide them. for you. Because of this, you often just want to trust big financial institutions for assets that represent the national currency.
DigitalBits also supports payments sent in the form of an asset and received in the form of another asset. You can send naira Nigeria to a friend in Germany and ask them to receive the euro. These multi-currency transactions are made possible by an integrated market mechanism where people can offer to buy and sell different types of assets. DigitalBits will automatically find the best people to exchange currencies to convert your naira to euros. This system is called distribution exchange.
Token information
Ticker: XDB
Total supply: 10 billion
Price: 0,004 per token
Token Distribution:
10% Grantand Partner Programs
5% Air Drops
50% Algo Pool
10% Qualified Person Token Sale
15% Founders Team and Advisors
10% Future use by foundation
Project contact information:
Website: https://www.digitalbits.io/
Whitepaper: https://storage.googleapis.com/westart-files/digitalbits-pre-sale/DigitalBits_Whitepaper_2_2.pdf
LIGHTPAPER: https://www.digitalbits.io/resources/digitalbits-lightpaper/
ANN: https://bitcointalk.org/index.php?topic=5026550.0
Bounty BTT: https://bitcointalk.org/index.php?topic=5112064
Twitter: https://twitter.com/DigitalBitsOrg?lang=en
Facebook: https://www.facebook.com/DigitalBitsOrg/
Telegram: https://twitter.com/DigitalBitsOrg?lang=en
My Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2294906
