DigitalBits Mainnet 2.0 Is Now Live
DigitalBits Community!
The XDB Foundation is proud to announce that the DigitalBits Mainnet is now officially live with the latest updates (2.0), including several enhancements made since the original Mainnet 1.0 network launched. Strategic ecosystem participants have begun to access the Mainnet 2.0 repository, which will become publicly available the week of February 22, 2021. This milestone kicks off the rollout of three product deployments by the XDB Foundation in the coming weeks.
“We look forward to both new and existing ecosystem participants beginning to engage with Mainnet 2.0 and its associated applications, as we execute on our mission to build one of the world’s largest blockchain ecosystems,” stated Michael Gord, Managing Director of the XDB Foundation.
“We’re very excited to support the transition of DigitalBits to Mainnet 2.0,” said Kory Hoang, Stably CEO. “Assets issued through our Stablecoin-as-a-Service will now be able to leverage the speed and power of the DigitalBits blockchain. Stably is also committing to operating nodes on the DigitalBits network globally to support decentralization and security of the network.”
Coming Next
The XDB Foundation and DigitalBits websites will be updated to include updated developer documents, tokenomics, node programs, DigitalBits blockchain tutorials and walkthroughs. The XDB Foundation will also be rolling out educational curriculums, developer challenges, and hackathons, as well as startup competitions to accelerate new product development and integrations with the DigitalBits blockchain network.
To celebrate these latest developments, the XDB Foundation will be expanding the XDB Liquidity Reward Program originally launched on Uniswap on December 30, 2020, to include a XDB-ZUSD pairing activation. The initial program has been very successful thus far, and the expanded program will launch on Wednesday February 24, 2021.
To learn more about the XDB-ZUSD Liquidity Reward Program, click here.
Branded Stablecoins
Launched in 2018, the DigitalBits network was specifically designed to support certain consumer digital assets, with a focus on branded currencies and branded stablecoins. Branded digital assets are an emerging asset sub-category, which combines the benefits of blockchain technology with the stability of recognizable currencies such as US dollars, while introducing a host of other benefits, such as:
- Operate within existing applications to enable easy adoption while adding the cost saving features of blockchain technology.
- Leverage existing network effects, instantly porting millions of active users on-chain.
- Increase consumer access
- Heighten market intelligence, allowing for customized promotions, built-in loyalty features, provision of services and more.
To learn more, click here.
Esports & Gaming
Esports and gaming is a rapidly growing global industry. It’s projected that there will be over 3 billion gamers worldwide by 2023. Esports have quickly surpassed many traditional sports in viewership, and have become a very attractive medium for both endemic and non-endemic brands. However, the global nature of the industry also raises some issues, especially when it comes to payments.
Solutions such as Zytara dollar (ZUSD), a branded stablecoin issued in partnership by Zytara and Prime Trust, can address the inefficiencies experienced with traditional payment infrastructure, as well as a host of other benefits, such as:
- Tournament payments
- Merch sales
- In-game items and enhancements
- Fan engagement
- Programmable incentives
- Transfer funds in real time, 24/7/365
“We are excited to work with our partners to fulfill our vision of expanding the Zytara dollar onto the DigitalBits blockchain network, following the successful launch of ZUSD on Ethereum in 2020, “ stated Lisa Loud, General Manager of Digital Currency at Zytara. “Zytara is also committed to operating DigitalBits network nodes across the globe, helping to transform this blockchain into a world-class technology.”
To learn more about ZUSD, click here.
To learn more about esports & gaming, click here.
Moving Forward
The launch of the DigitalBits Mainnet 2.0 marks the culmination of three years of effort by the core team of contributors, various organizations, and the DigitalBits community.
“We are very proud to be able to deliver this, finalize the remaining milestones in Sputnik and initiate the Luna era of DigitalBits,” stated Michael Gord. “We thank you for your continued support!”
