Blockchain is the real-time ledger of anything that can be saved such as: (financial transactions, contracts, physical assets, supply chain information, etc.) but no one controls This entire chain. In fact, it is open to everyone in the network who can see the details of each archive - one is called a block. Each block has a timestamp and is encrypted; The only person who can edit a block is the "owner" of that block. Owners have access to their blocks via private keys that only they have. When there is a change to an individual block, everyone's entire distributed blockchain network will be updated and synchronized in real time with it.
There are several benefits that this promising technology will create a revolution in business and finance. Blockchain technology establishes peer-to-peer networks in a system, so it cuts down on time and cost of intermediaries and the complexity of using different ledgers and processes throughout the life cycle. of any transaction. For example, a purchase of shares traded in a blockchain will be resolved after a few minutes. There is no need to have another entity handle the transaction or be asked to wait for them to do so. Each transaction enters a block, and each block connects to a block before and after it increases its security. While there is nothing evidence that blockchain can be hacked, this is a safer technology than anything else we have today.
In fact today, blockchain technology is being applied and many areas of life such as banking, health, education, currency, hotel management, ... The most prominent is still the field of money number. It is a large and diverse market with great potential and also many difficulties. To help the digital money market develop comprehensively and become more and more popular. DigitalBits is a Blockchain protocol layer designed to help facilitate large market liquidity for various digital assets and integrate with existing applications to promote the adoption of Blockchain technology on the market. . They are a group of investors named HotelBrand. HotelBrand is a series of fictional hotels with a global presence.
Infrastructure (including maintenance, scale & security): High liquidity leads to a significant increase in the number of transactions that need to be done daily. They must continue to consider the possible increase in the number of transactions during the day, based on consumer behavior patterns. A majority of transactions are expected to be made online. Their infrastructure must be upgraded to meet these needs. A cloud-based system is attractive, however, in addition to the huge cost, this requires internal expertise in dynamic, dynamic replication and security.
Consumer experience: To match the current trend to operate through Mobile Application, a feature-rich and attractive application, must be developed. However, the main concern is consumer participation. Although the Application is very easy to install, but a large number of them on consumer phones tend to encounter problems similar to many consumer loyalty cards - lack of customer attraction. . The application may be another application on consumers' phones and is therefore not used frequently.
Cost & Time: Regardless of the priority and choosing the local version or the cloud version, the cost of creating and then maintaining such a program will be huge. Furthermore, the launch of an overhauled LRP program also requires a lot of development time.
HotelBrand is monitoring the hype behind the blockchain, which is considered a solution to many common technology problems. However, the original prototypes investigated by their teams revealed that solutions based on blockchain have pitfalls such as transaction fees and huge time. Recently, HotelBrand is attracted by a solution based on the blockchain provided by DigitalBits, especially the way to overcome the limitations of previous blockchain generations.
A key feature provided by DigitalBits is that the token provided is highly liquid, consistent with the customer focus that is at the heart of HotelBrand. They appreciate DigitalBits to allow them to create a new LRP program that is virtually free. Here are some important indicators showing the advantages of the token issued by them
First, is a security protection feature. Each account on the DigitalBits blockchain is required to have at least 10 XDB tokens to ensure the account is authenticated and allows the sending function to be enabled on the network. For example, if Jane wants to send 20 Notification Codes to Tom, her account must have at least 30 Tokens to execute. Moreover, each transaction leads to a small transaction fee of 0.00001 XDB. Both requirements act as security features and prevent users from malicious intent from entering the network.
Second, XDB allows transactions between non-native tokens, by acting as a bridge to facilitate transactions between other digital asset pairs, which may not have a live market. Great reception.
Finally, DigitalBits XDB token can also be used for fast and low-cost micro payment and money transfer.
Total supply: 10,000,000,000
Ticker: XDB
DigitalBits network itself is a set of connected DigitalBit cores that are run by many different individuals and organizations around the world. The case of DigitalBits core adds reliability to the entire network. In addition, they may choose to have Frontier servers to contact to access the DigitalBits Network. The distributed nature of the network makes it reliable and safe. All of these DigitalBit cores in the network eventually agree on the transaction sets. Each online transaction has a small cost: 100 nibbs (0.00001 XDB). This fee helps prevent bad spamming agents. DigitalBits Foundation also maintains storage servers with direct backups of the current state in the network to enable new DigitalBits cores to synchronize with the current state of the network. There are a lot of important information of DigitalBits project, you should learn by yourself through the links below:
Website : https://www.digitalbits.io/
Whitepaper: https://storage.googleapis.com/westart-files/digitalbits-pre-sale/DigitalBits_Whitepaper_2_2.pdf
ANN: https://bitcointalk.org/index.php?topic=5026550.0
Twitter : https://twitter.com/digitalbitsorg
Facebook : https://www.facebook.com/DigitalBitsOrg/
Telegram : http://t.me/digitalbits
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2468972
