Blockchain adoption! blockchain adoption!! but one question still remains how efficient is the current blockchain platforms? Funny as it may sound, most blockchain platforms can't be compared with centralized systems like Visa; this is true because Visa have a high TPS when compared with current existing blockchain platforms. So how then can blockchain achieve mass adoption?
There is always a way out. In fact, that's the most amazing thing about blockchain technology, it empowers developers to always come up with ways to either enhance existing platforms, systems and applications or creating a new one entirely. Also, in all dealings or developments blockchain platforms are always decentralized which is one of the properties which makes it stands out from centralized systems.
But yet, what are these issues which have limited the mass adoption of blockchain technology? A study has shown that most people, in fact, a very high percentage of people lack the knowledge of what cryptocurrency and blockchain are all about let alone purchasing one. This lack of knowledge as well as low transactions speed shows that a cryptocurrency like Bitcoin sees at most 223,000+ transactions per day while centralized systems like Visa processes up to 150 million transactions daily. This agrees with the aforementioned comparison between centralized systems and decentralized blockchain platforms.
Also, current blockchain platforms are developed in such a way that, in order to get associated with them, one has to change his workflow or consumer behaviour. From a reality point of view, this might look tasking as most blockchain platforms are not user-friendly and complex, thus convincing one to change his workflow might be a hurricane task. Furthermore, most blockchain platforms have succeeded in frustrating users rather through the lack of transferability and portability within such platforms.
Through these issues, one can see that blockchain technology is indeed limited from reaching the masses or mass-market. With that being said, DigitalBits was created as a blockchain protocol thus being decentralized so as to drive blockchain into mass adoption.
WHAT DIGITALBITS OFFERS
DigitalBits aims to offer a protocol layer blockchain which will be able to facilitate liquidity of various cryptocurrencies while having the capacity to integrate with existing consumer applications through this way driving mass adoption. In order to stand out, DigitalBits has a built-in decentralized exchange which is built with a multi-hop Innovation thus creating a wonderful marketplace for cryptocurrencies.
DigitalBits will ensure there is no token inflation while token name certification services will be implemented, in the long run introducing transferability and portability to both new and existing cryptocurrencies.
DigitalBits also offers amazing solutions to the issues limiting blockchain from achieving mass adoption. DigitalBits believes that since most individuals in the world today have in their possession some legacy digital assets such as in loyalty and reward points, by tokenization of these legacy digital assets on its blockchain (DigitalBits) will increase the utility of the assets while the individual still maintains their already built behaviour. In the same vein, with DigitalBits protocol, there will be easy integration with existing consumer applications thus with the guide of blockchain technology helping to offer liquidity of those digital assets while mass adoption is assured.
The final result through DigitalBits will be;
a. The society will be aware or participate in the benefits of blockchain technology,
b. Users experience within the blockchain world will be improved,
c. More assets will be Introduced into the blockchain world.
CONCLUSION
DigitalBits is an outstanding blockchain platform having a built-in protocol which will be used to ensure services are enhanced through this way, leading to mass adoption of blockchain technology. The token of the platform is XDB with a maximum supply of 100 billion and will be used to facilitate payment or trade between two pairs to cryptocurrencies.
DIGITALBITS LINKS
Website: https://www.digitalbits.io/
Whitepaper: https://storage.googleapis.com/westart-files/digitalbits-pre-sale/DigitalBits_Whitepaper_2_2.pdf
Btt: aemma
Btt link: https://bitcointalk.org/index.php?action=profile;u=2328723
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