DigitalBits (XDB) is a protocol layer blockchain also known as "blockchain for brands". The platform was created to support the fast and affordable transfer of consumer digital assets such as branded currencies, non-fungible tokens (NFTs), stablecoins and more.
DigitalBits claims that the infrastructure is decentralized, open-source and easy-to-use. The network consists of connected “DigitalBits cores” run by individuals and entities around the world — similar to blockchain nodes. With DigitalBits, users can create payment-related tools and devices. Users launch their digital assets via the DigitalBits network by linking assets to apps from the app store. Tokenization of assets can be used to support audience engagement for brands.
The mission of DigitalBits is to encourage the project to the mass market by facilitating the liquidity of digital assets while integrating with existing user applications. DigitalBits simplifies the tokenization of assets through transactions and a trading layer for the point economy.
The project was forked from the Stellar protocol in 2017 and adopted the core features and capabilities of the Stellar network, including the token certification service and automatic algorithmic token distribution.
The DigitalBits Foundation is an organization and leading contributor to the DigitalBits project, focused on supporting the DigitalBits ecosystem and related technologies. The Foundation’s core objectives include: supporting the innovation and adoption of the DigitalBits blockchain and cryptocurrencies in enhancing the consumer experience and corporate social responsibility initiatives; shape commercial standards and requests for technical development; growth of the DigitalBits community through a diverse regional strategy; accountability and sustainability practices; and facilitate partnerships and ecosystem development.
Support innovation & adoption
Through grants, community initiatives and more, the Digitalbits foundation provides the tools and resources needed to enable innovation and adoption of DigitalBits and blockchain related technologies.
Shape commercial standards
The Digitalbits foundation works alongside enterprise and multi-national organisation to understand the role that digital assets will play in the global ecosystem while providing research and technical guidance.
Contribute to technical development
The Digitalbits foundation is an active contributor to the maintenance and development of the DigitalBits blockchain in order to ensure the security of the network.
Facilitate partnerships & ecosystem development
The Digitalbits foundation identifies and facilitates the onboarding of partners and contributors into the DigitalBits and broader blockchain ecosystem.
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