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What is DigitalBits coin (XDB) and how does it work?

by Financial Economy

DigitalBits is described as an easy-to-use open-source blockchain used to power consumer digital assets. DigitalBits is essentially a fork of Stellar and incorporates many of the capabilities of the Stellar network. It is differentiated by key features such as token certification service and automatic algorithmic token distribution. Detailed information about what is DigitalBits coin (XDB), how does it work, how much it costs, how to buy, etc. is in the continuation of the content. Information about Ontology Gas coin (ONG) you can browse here.

What is DigitalBits coin (XDB) and how does it work?

The DigitalBits blockchain is known as the “blockchain for brands”. Brands can leverage the DigitalBits network and connect directly to consumer apps. Anyone can launch their digital asset using DigitalBits and link that asset to a regular app that can be found in an app store. Such assets are known as branded digital assets and can be in the form of digital currency, stable money or non-changeable token (NFT). Branded digital assets are designed to support a high level of consumer engagement, market intelligence and overall value that consumers can spend every day.

XDP Coin is an open source project created to drive the adoption of blockchain technology by businesses. XDB token has three main targets. To list these goals:

  1. Protective security feature: Each account on the DigitalBits blockchain must be kept and locked in at least 10 XDM accounts in order to ensure its authenticity and enable the sending function. Additionally, a small transaction fee of 100 nibs or 0.00001 XDB is charged for each transaction. This is necessary to prevent suspicious transactions.
  2. Ability to trade between unnatural tokens: XDB can act as a bridge to facilitate transactions between pairs of digital assets that do not have a large direct market.
  3. Leverage for fast and low-cost payments and remittances: The protocol created by DigitalBits can provide excellent integration with existing client applications, porting them to blockchain technology. Thus, DigitalBits brings the capabilities of blockchain technology to applications and increases user experiences, while adding new assets to the crypto money ecosystem.

How to buy DigitalBits coin (XDB)? How much is the XDB coin price?

DigitalBits coin (XDB) can be purchased from listed cryptocurrency exchanges. But it is necessary to make sure that the exchange is “reliable and well-known”. As of October 18, 2021, the price of 1 XDB coin is around $0.57. The price can change instantly.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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