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DigitalBits (XDB) is the 1338th largest cryptocurrency in the world by market cap, valued at $4,519,799. The current price of DigitalBits is $0.00149238, which is 20.505% higher than yesterday. Prices have ranged between $0.00171258 and $0.00122376 over the past 24 hours. All prices are listed in US dollars and accurate as of April 02, 2023 07:04 UTC.
DigitalBits is a decentralized and open-source blockchain that helps to empower brands with digital assets. Called the “blockchain for brands,” DigitalBits offers individuals and businesses a protocol that can generate branded currencies, stablecoins, and also non-fungible tokens (NFTs).
Created by the DigitalBits Foundation, the project involves an expansive ecosystem of partners, services, developers, and organisations that are working together to achieve a deeper and more reliable connection between fans and brands.
According to the project’s website, the DigitalBits blockchain was created from a fork of Stellar Lumens (XLM) in 2017. As a result, DigitalBits is fast, scalable, and eco-friendly. Although using Stellar Lumen’s code as a base, the blockchain introduced specific improvements, including a fixed token supply, multi-hop technology that facilitates on-chain trades, an algorithmic token distribution that rewards users for every transaction, and the Token Name Certification Service (TNCS) that verifies the authenticity of token issuers.
The protocol’s economy is powered by the native cryptocurrency coin, XDB. XDB is required by all participants that wish to utilise DigitalBits for the creation of branded cryptocurrencies. A minimum of 10 XDB tokens must be staked before access to the system is granted. The XDB token is also required for all transactions that are executed within the blockchain.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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