The Friendly "DigitalBits" for Society
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DigitalBits is infrastructure decentralize and open source that supports affordable and fast asset transfer. This article shows DigitalBits blockchain based technology that facilitates the use of new technology to support life interaction every day to mass adoption of the blockchain. DigitalBits provide the solution using trading layer and a transaction for point to point economy.
That is why the team creates blockchain criteria to satisfy the user. The team make DigitalBits easy access, convenient and flexible to grab the purpose for mass adoption. The system architecture and a network of DigitalBits based on the identified goal and requirements. It will present all architecture and a key component that show DigitalBits as recommended platform in the world. Based on the website www.digitalbits.io there are seven influencer or important people in this platform, they are:
a. Mathew Roszak
b. Richard Rofe
c. Lars Rensing
d. James Lowry
e. Bradley Rotter
f. Ari Paul
g. Anthony Coscio
The people who use DigitalBits network can build banking tools, mobile wallets, and smart device. It can pay for those people. It seems complicated but it does not need to be complicated. If the people feel difficult to use DigitalBits, they can join a mailing list or DigitalBits forum community. There will be a Frontier that makes the user able to check accounts, submit transaction and subscribe event. Another application to get interaction with DigitalBits network is using Frontier. The users can have communication with Frontier with simple command line tools like URL, website browser, and DigitalBits SDK using favorite language. Users can install Frontier using DigitalBitsOrg/quickstart docker image.
The important things to know about a platform is understanding about distribution exchange because it is the moment where the user get profit more or less. The movement and issuing of assets, so DigitalBits provide distributed exchange with many types of an asset after all users added in the network. It will save the balance of user account and offer the user to sell or buy an asset. To buy and sell assets the user can use manage offer operation. The users that want to make an offer have to hold assets to show they want to sell it. It is the same procedure to buy. The users have to trust the issue and try to buy. For the offer, it will check against through the existing order book. When the offer makes a cross of an existing offer, it will fill in the price of the existing offer. Every digital node limits the number of transactions.
The special value in the DigitalBits divided into two:
a. Base reserve, it is used to minimum account balance
b. The base fee is used to a transaction fee
In the DigitalBits network, there is a record of outstanding orders, namely Orderbook. It records many accounts that want to buy and sell. DigitalBits can facilitate between two trade assets. Passive offer let the market to get zero spread. The user can create two passive offers so the two offers cannot fill each other. The passive offer will fill if the price is not the same.
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Name: Ridwan.P
Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=795655