HomeCoinsDigitalBits (XDB)DigitalBits 12 Months Roadmap. Background and overview | by Sara Sciusco |...

DigitalBits 12 Months Roadmap. Background and overview | by Sara Sciusco | DigitalBitsOrg | Jul, 2022

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This Roadmap anticipates some major steps that are expected to enable wider adoption of the DigitalBits blockchain. The vision of how the DigitalBits ecosystem will grow over the next 12 months also takes into consideration various developments and achievements that have occurred across the ecosystem over the past few months, including consistent community growth and on-chain product additions. This has further validated that the DigitalBits Mainnet (v2.0 upgrade) worked smoothly and efficiently. We have also observed a remarkable set of organizations entering the ecosystem, supporting the overall growth trajectory of mass adoption.

From an infrastructure standpoint, DigitalBits Mainnet is now fully integrated with the leading custodian platform in the crypto industry (Fireblocks) that has extended support to any custom asset built on DigitalBits, which includes fungible and non-fungible tokens.

Furthermore, a new payment processor has been directly integrated into the DigitalBits Mainnet (Coinbar Pay) and more are working on integrating.

Moving forward, there are new exciting developments across the network including the addition of broader DeFi features such as Automated Market Making and Liquidity Pool functionality that involves the participation of a broader community of developers whose goal is to always prioritize security, speed, and efficiency at the heart of any technology they build.

There is a very strong demand by entrepreneurs seeking a trusted blockchain to issue their digital assets. We continue to focus on key partnerships that will stimulate the further adoption of DigitalBits blockchain through B2B2C channels. We are also seeing growing interest from new platforms interested in migrating other digital assets originally built on other chains that missed key features than that of the DigitalBits blockchain like speed and efficiency as well as other web2 platforms that have a path to enter the web3 by integrating DigitalBits. And finally, a very strong emphasis has been given to brand awareness and brand visibility where the DigitalBits blockchain has been widely exposed over the course of the last few months. This is of key importance to establish confidence and trust by brands that are now entering the Metaverse, NFTs, and the overall Digital Asset world.

  1. Increase Mainnet Network integrity by the participation of new organizations as validators. All of them will operate nodes where applications are run, resulting in an increase in overall adoption due to network effects.
  2. Broadening the DeFi features supported by the DigitalBits blockchain, such as Automated Market Making and Liquidity Pool functionality, resulting in an expansion of uses for the network.
  3. Encouraging research on where Ecosystem’s blind spots are formed, ensuring a path to enable potential new ecosystem organizations and members to join it in key growth areas
  4. Supporting more and more product-focused partnerships, that will enable new DigitalBits native assets to reach both primary and secondary markets, with a strong focus on the retail/consumer segment. This is the main catalyst of the growth of “Blockchain for brands” that will always require a consumer touchpoint, and retail payments are indeed one of the first.
  5. Reinforce decentralization through the introduction of a community-based voting system for any sensitive matter.

All this brings us to deliver a broader vision for the DigitalBits blockchain beyond being the “Blockchain for brands”, where there is a clear roadmap to increase decentralization and to drive network adoption.

Expanding network adoption is definitely the clear focus of the current roadmap. This follows the foundational steps that have been achieved across 2021 and the first half of 2022. that has witnessed the launch of the first web3 wallet, its integration along with payment processors, and the incredible performance of the network when it comes to sending and transferring tokens across wallets in a few seconds and at a fraction of a penny as a fee.

Fast forward to the second half of 2022, the Mainnet token-swap as well as an increase of the overall liquidity will enable broader adoption of the DigitalBits blockchain that will further unlock new use cases and deeper network participation.

One of the main tasks to accomplish within the coming weeks will be to enable fiat/crypto on/off ramps in order to expand the reach and access of the DigitalBits token and blockchain to a wide audience of consumers. This will also benefit other dApps entering the ecosystem.

A new innovative program is taking shape and officially launching in H2 2022. This is attracting a new funnel of prospect members and dApps into the DigitalBits ecosystem, and with their onboarding, we will see new channels established for user adoption and on-chain activity.

Forward-looking statements

Certain information set forth in this Roadmap presentation contains “forward-looking information”, including “future-oriented product information” and possible “financial outlook”, under applicable laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to (i) an expected financial progression of the DigitalBits blockchain; (ii) the expected growth of the DigitalBits project; (iii) execution of the vision and growth strategy; (iv) sources and availability of third-party financing for the Company’s projects; (v) completion of projects that are currently underway, in development or otherwise under consideration;

These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.

Although forward-looking statements contained in this Roadmap presentation are based upon what DigitalBits Foundation believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. DigitalBits Foundation undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable laws. The reader is cautioned not to place undue reliance on forward-looking statements.

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