DigitalBits price prediction? Is Digital Bits a good investment?

What is DigitalBits?

Digital Bits is a protocol layer blockchain designed to support consumer digital assets, specifically brand currencies. As a fork of Stellar, Digital Bits shares many of the same features but differs in key aspects that support an enterprise-grade blockchain.

The DigitalBits price page is part of the Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.

DigitalBits is an easy-to-use open-source blockchain used to power consumer digital assets. These may include: Loyalty points, gift cards, fan tokens, digital currencies and more.

The DigitalBits blockchain can process up to 10,000 transactions per second and uses the Federated Byzantine agreement consensus mechanism that makes the network eco-friendly.

DigitalBits Network Overview

For Using the DigitalBits network, you can build mobile wallets, banking tools, smart devices that pay for themselves, and just about anything else you can dream up involving payments! Even though DigitalBits is a complex distributed system, working with it doesn’t need to be complicated.

API: Frontier

Most applications interact with the DigitalBits network through Frontier, a RESTful HTTP API server. Frontier gives you a straightforward way to submit transactions, check accounts, and subscribe to events.

Because it’s just HTTP, you can communicate with Frontier using your web browser, simple command-line tools like cURL, or the DigitalBits SDK for your favorite programming language.

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Network Backbone: DigitalBits Core

Behind the scenes, every Frontier server connects to DigitalBits Core, the backbone of the DigitalBits network. The DigitalBits Core software does the hard work of validating and agreeing with other instances of Core on the status of every transaction through the DigitalBits Consensus Protocol (DCP).

The DigitalBits network itself is a collection of connected DigitalBits Cores run by various individuals and entities around the world.

Some instances have a Frontier server you can communicate with, while others exist only to add reliability to the overall network.

You might want to host your own instance of DigitalBits Core in order to submit transactions without depending on a third party, have more control over who to trust, or simply to help make the DigitalBits network more reliable and robust for others.

The DigitalBits Network

The DigitalBits network is a worldwide collection of DigitalBits Cores, each maintained by different people and organizations. The distributed nature of the network makes it reliable and safe.

All these DigitalBits Cores—the network of nodes—eventually agree on sets of transactions. Each transaction on the network costs a small fee: 100 nibbs (0.00001 XDB).

This fee helps prevent bad actors from spamming the network. To help you test your tools and applications, Digitalbits.io operates a small test network and Frontier instance.

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DigitalBits Financial Analysis

DigitalBit's price today (October 10, 2021) is $0.614960 with a 24-hour trading volume of $3,553,703. XDB's price is up 0.2% in the last 24 hours. It has a circulating supply of 760 Million XDB coins and a total supply of 1.5 Billion.

DigitalBits 's ROI with 4,814% in a year exceeded in the 'Cryptocurrency' category which had 1729% growth over the past year. It's underperformed in the crypto market which had 11850% growth over the past year. You can track DigitalBits Return On Investment (ROI) on our website for Free.

A capable marketing team and brand awareness have a direct impact on the success of any project. According to our data, DigitalBit's Twitter account increased 32% in the number of followers over the months from May 14 until October 10 of 2021.

Moreover, its Telegram channel users are -2% over the same period. You can follow DigitalBit's popularity using our report, which is accessible in our website's popularity.

Our data indicate that DigitalBit's ranking among the markets' cryptocurrencies in terms of market capitalization increased over the last months, from 444 to 161.

Also, its price saw a similar trend, rising from $0.09 to $0.64 today at the time of writing. However, its liquidity score is 28% under the market's average score, which means that it would be difficult to sell the DigitalBit if the market is falling. You can find our report about DigitalBit's market capitalization, price, and liquidity score on our webpage.

is Digital Bits Network best cryptocurrency to invest in?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.