DigitalBits is an open-source, public blockchain that can be used to tokenize real-world assets and convert them into digital assets. The blockchain for brands can be used to issue branded currencies, non-fungible tokens (NFTs), stablecoins, and more to power the points economy using distributed ledger technology.

With numerous protocol-level features and functionality, the third-generation protocol DigitalBits aims to power projects in the NFT and metaverse sectors of the crypto industry. In addition to enabling convenient tokenization and transfer of digital assets, the DigitalBits ecosystem also supports seamless transfer and trade of these assets on-chain, bringing crypto adoption into the mainstream.

The blockchain utilizes an automated market maker (AMM) model to tackle the lack of market liquidity for non-tokenized assets. DigitalBits also supports the seamless trade of assets even if they do not have a direct market for the two traded assets. The blockchain features a built-in decentralized exchange, the DigitalBits DEX.

XDB is the native token of the DigitalBits blockchain. Its initial white paper release fixed its total supply at 100 billion. However, by the time the blockchain launched in early 2021, the developers decided to reduce the XDB total supply by 80% to 20 billion tokens.

The DigitalBits blockchain utilizes a Federated Byzantine Agreement (FBA) consensus mechanism to make it more eco-friendly and faster than leading blockchain networks in the market. FBA employs trust within the network to increase the efficiency of the overall consensus mechanism.

In the DigitalBits network, each node can maintain a list of nodes it trusts. This trust can build up over time. Nodes are chosen at random to agree and confirm the validity of transactions. This process turns more efficient when each node becomes more trustworthy and reliable.

Ecosystem partners of the DigitalBits blockchain are responsible for running nodes within the network and contributing to verifying transactions. However, the blockchain does not reward these nodes for their efforts, unlike the models employed by Proof of Work (PoW) and Proof of Stake (PoS) algorithms.

Instead, their contributions help make the nodes more trustworthy. These ecosystem partners also operate as application providers on the blockchain, and keeping the network secure serves their best interests, ensuring higher integrity within the decentralized network.

DigitalBits was founded in 2017 by Al Burgio, an established entrepreneur, to drive higher adoption of digital assets by brands and their consumers. Al Burgio envisioned DigitalBits as a project that could support real-world use cases for blockchain technology. The blockchain originated after being forked from the Stellar protocol in 2017.

The DigitalBits testnet launch took place in November 2017, followed by its mainnet launch in February 2018. A month later, its blockchain explorer, the XDB Explorer, was launched.

DigitalBits announced the launch of its Partner Ecosystem Program in May 2018 to drive blockchain adoption. This program encouraged developers, service providers, and businesses to experience its ecosystem, accelerating the building and deploying of their services and assets on the platform.

The blockchain network is governed by the DigitalBits Foundation - formerly known as XDB Foundation, in a neutral and agnostic manner. The foundation is also responsible for driving the DigitalBits ecosystem development and adoption.

DigitalBits is an intriguing project with significant potential for mainstream adoption, making it a worthwhile investment to consider. The platform enables businesses to tokenize their assets and engage with their customers using blockchain technology. As more partners and brands join the DigitalBits ecosystem, the XDB to USD price could strengthen, potentially reaching new all-time highs. The DigitalBits price may also rise as the blockchain experiences increased on-chain activity, with more users tokenizing assets and trading on the network's official DEX. Furthermore, positive market sentiment in the crypto market could encourage buying activity, boosting XDB price statistics.

While it is impossible to provide an accurate XDB price prediction, there are several fundamental factors to monitor that could drive price changes in the DigitalBits token. These factors include:

Level of Adoption and Interest in DigitalBits

The demand for the DigitalBits platform among business partners and end users significantly impacts the live price of DigitalBits crypto. Higher demand for tokenizing assets and trading could drive up the value of XDB tokens and vice versa.

Mainstream Interest in Decentralized Technology and Tokenized Assets

General interest in tokenizing assets and exploring blockchain technology for marketing and engagement can also affect the DigitalBits price. As more businesses and brands leverage blockchain technology, projects like DigitalBits could surge in value.

Market Sentiment Towards NFTs and Cryptos

Investor sentiment plays a crucial role in price action for altcoins like XDB. Positive sentiment and increased investor participation may drive the price higher, while a bearish sentiment could weaken the DigitalBits price.

XDB is the native token of the DigitalBits ecosystem and has several use cases:

Native Currency

XDB is used for paying transaction fees and conducting digital payments on the DigitalBits blockchain. It is also utilized for creating NFTs and fungible tokens on the platform.

Bridge Token

XDB serves as the bridge token for swapping two on-chain tokens without a direct market for liquidity. The DigitalBits DEX uses XDB to facilitate the trade of tokenized assets on the network.

Staking

Each account on the DigitalBits blockchain needs to stake a minimum of 10 tokens to confirm authenticity and enable transfers. This security feature prevents malicious activity and ensures genuine users can experience the platform's features.

Crypto Asset to Trade and HODL

Traders can profit from market conditions by trading XDB against other crypto assets. It can be bought, sold, or held long-term based on one's belief in the future potential of the DigitalBits project.

One of the key reasons investors are interested in DigitalBits is the impressive list of brand partners and ambassadors associated with the blockchain project. Brand partners include Inter Milan FC, AS Roma, and Dignitas. The blockchain's brand ambassadors include David Beckham and Francesco Totti. Additionally, ecosystem partners consist of top-tier crypto funds such as GDA Capital, BlockFolio, Fireblocks, BYDFi, AstraX, CoinPayments, Elitium, and more.

The DigitalBits blockchain was created in 2017 after forking from the first-generation Stellar protocol. It launched its mainnet in March 2018. The fork allowed DigitalBits to achieve higher versatility, throughput, lower latency, and transaction fees compared to the original Stellar blockchain. DigitalBits is purpose-built to support the creation of tokenized assets and features its own inbuilt DEX for trading these assets. It also has distinct differences from Stellar, such as its native token XDB, which is not subject to inflation like Stellar's XLM. DigitalBits utilizes the Federated Byzantine Agreement (FBA) consensus mechanism.