2018 dealt a massive blow to cryptocurrencies, but there is hope on the horizon.  The boom of 2017 showed the demand for decentralization and a change to traditional systems.  But there are pieces missing, we need real use cases, we need real adoption.

In a recent article on Bitcoinist, DigitalBits was listed as one of the seven projects working to make blockchain more opague for enterprise.

January 20, 2019 — ZAGG, an open-source project focused on maintaining privacy within the enterprise blockchain environment, hashas chosen to collaborate with DigitalBits for the development of their project.

DigitalBits is a protocol layer blockchain designed to help facilitate liquidity of various digital assets and integrate with apps to drive mass-market adoption of cryptocurrency.

That collaboration has come as ZAGG has reevaluated their original decision to work with Stellar due to a lack of support for necessary privacy requirements. The company have chosen instead to work together with DigitalBits and build their own public blockchain with on-chain privacy.

Zagg Protocol CEO, Ram Gollamudi said “DigitalBits and Zagg Protocol are collaborating to bring best of breed end-to-end Blockchain solution for enterprises to offer superior Loyalty programs to their customers that can drive better customer engagement and satisfaction.”

ZAGG is an open-source project focused on maintaining privacy within the enterprise blockchain environment. It works as a bridge between enterprises and developers to utilize the advantages offered by a common public ledger combined with the necessary confidentiality required in a private market. Enabling the creation of decentralized applications geared toward the formation of brand recognition and customer appreciation,

ZAGG represents an innovative approach to privacy within a public ecosystem.ZAGG approaches the issue of privacy through a three-tiered system that offers public, semi-private and fully private (peer-to-peer) solutions to fit the needs of any enterprise organization. As with some of the most advanced private blockchain protocols available, ZAGG utilizes advanced Zero-Knowledge Proofs (zk-SNARKS) technology to enable secure and private validation while avoiding double-spending.

“The DigitalBits team is excited to collaborate with this revolutionary project.” said Al Burgio, CEO of DigitalBits. “Together we hope to further advance the adoption of blockchain technology by fulfilling a much-needed requirement for privacy and compliance within the public blockchain sector.”

About DigitalBits:

The DigitalBits Foundation supports the DigitalBits™ open-source project by providing development resources, infrastructure, events and education. DigitalBits is a protocol layer blockchain designed to help facilitate liquidity of various digital assets and integrate with apps to drive mass-market adoption of cryptocurrency. DigitalBits’ mission is to help accelerate the rate of cryptocurrency adoption globally by integrating with existing user applications.The DigitalBits blockchain will achieve this by enabling large scale companies to integrate their loyalty and rewards programs and in turn migrate millions of active wallets onto the DigitalBits blockchain. For more information, please visit www.digitalbits.io

About ZAGG Protocol

ZAGG Protocol is founded by Raj N. Phani, a serial entrepreneur who has built successful businesses in the fields of Prepaid Payments, Internet, Retail and Brand Merchandising. ZAGG Protocol is building a powerful and flexible blockchain protocol for the GBRL Industry. The infrastructure is built for both consumers and businesses to seamlessly operate, execute and trade GBRL programs and assets on a global scale and make them liquid and monetizable. The protocol seamlessly evaluates the private and public transactions and accordingly executes the transaction over the global ledger or the private ledger. This seamless coexistence of public and private ledger on the blockchain provide the ideal platform for businesses, developers to bring powerful apps and services to end consumers.   For more information, please visit https://zaggprotocol.com

This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The digitalbits tokens, and most virtual currencies are not generally deemed to be legal tender in any country, and are not backed by any government as legal tender, nor should they be treated as such.

This announcement does not constitute a prospectus of any sort; it is not a solicitation for investment and does not in any way pertain to an offering of securities in any country.

This release constitutes a description of the DigitalBits Network and the functionality of digitalbitstokens; it is for informational purposes only and may change as the technology develops over time.

Prominent cryptocurrency wallet provider launches new custody and wallet platform for the DigitalBits blockchain to safely and securely store digital assets

BELARUS, September 20, 2018 — LOBSTR, the leading wallet in the Stellar ecosystem, announced today the launch of XDB Labs LLC, and will soon launch XDB Wallet, to support custodial and wallet storage for digital assets on the DigitalBits blockchain. Recently launched, DigitalBits, a fork of the Stellar blockchain, is a protocol focused on becoming the transaction and trading layer of certain digital assets, including the points economy.

XDB Labs has been created to support and encourage adoption of the DigitalBits blockchain through the use of consumer-friendly tools. With the development of secure and simple storage solutions, suitable for both consumers and enterprises, the mission is to provide comprehensive options for users of all variety. XDB Labs’ inaugural product, XDB Wallet, will act as a complete solution to manage and hold the DigitalBits native token, XDB, as well as other assets built on the DigitalBits blockchain. With an expected $20 billion poised to flow into custody solutions once available, XDB Labs’ solutions will benefit the growing number of those holding digital assets.

CEO of the DigitalBits Foundation, Al Burgio, said “We are excited to have the LOBSTR team join our partner ecosystem and build out a range of leading custodial and wallet solutions in the DigitalBits ecosystem. XDB Wallet will not only make management of digital assets, such as loyalty and rewards points, simpler, but also provide incomparable levels of security for its users.”

LOBSTR is a simple and secure cryptocurrency wallet for storing Stellar’s native currency, Lumens (XLM), in addition to a host of other assets built on the Stellar blockchain. Stellar is an open-source protocol for exchanging money that allows users to send cross-border payments in seconds, reliably and with extremely low fees. XDB Labs will benefit from the years of experience involved in operating LOBSTR.

Co-founder of LOBSTR, Gleb Pitsevich, said “We are very excited to join the DigitalBits ecosystem and work with the people behind the project. We believe that applying blockchain technology to customer loyalty programs has great potential and can disrupt the legacy loyalty industry. The underlying technology of the DigitalBits blockchain network is similar to what is used in Stellar and we will apply all the experience and knowledge we received from LOBSTR to help build a great platform for managing XDB and other digital assets issued on DigitalBits network.”

The DigitalBits blockchain, a protocol focused on becoming the transaction and trading layer of certain digital assets, including the points economy, is seeking to create a marketplace where consumers can trade and store digital assets such as loyalty points. With a third of all loyalty points going unredeemed each year, at a value totalling approximately $16 billion in the US alone, this is an industry with the potential to be radically advanced through the advantages blockchain technology can provide such as portability and near-instant transactions.

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About DigitalBits:

The DigitalBits Foundation supports the DigitalBits™ open-source project by providing development resources, infrastructure, events and education. DigitalBits is focused on closing the gap between Blockchain innovation and driving mass adoption. The DigitalBits blockchain is a transaction and trading layer for digital assets, including the points economy. It is designed to enable mass market liquidity of fragmented digital assets.It’s native digital asset (“digitalbits” or “XDB”) secures the blockchain network, enables functional use of wallets, and is required to cover nominal transaction fees on the network. DigitalBits is targeting the multi-billion dollar loyalty and rewards market as a first use-case to tokenize legacy points already in the pockets of a large portion of society. The DigitalBits blockchain will achieve this by enabling large scale companies to integrate their loyalty and rewards programs and in turn migrate millions of active wallets onto the DigitalBits blockchain. For more information, please visit www.digitalbits.io.

About LOBSTR:

LOBSTR is a simple and secure Stellar Lumens (XLM) Wallet, available on Android, iOS and Web Launched in March 2015, it has grown into the most popular wallet in the Stellar community. With LOBSTR, users can send and request transactions, track XLM and asset prices with charts, exchange Stellar assets on DEX and a lot more. For more information please visit https://lobstr.co.

About XDB Labs:

Formed by the founders of LOBSTR, XDB Labs LLC is a company focused on the development of secure and simple storage cryptocurrency solutions, suitable for both consumers and enterprises. The mission of XDB Labs is to provide comprehensive options for users of all variety. XDB Labs’ inaugural product, XDB Wallet, will act as a complete solution to manage and hold the DigitalBits native token, XDB, as well as other tokenized assets built on the DigitalBits blockchain.

All trademarks referenced in this press release are the property of their respective owners.

Press Contact:
George Joyce
george@wachsman.com
+1 917 930 4472

This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The digitalbits tokens, and most virtual currencies are not generally deemed to be legal tender in any country, and are not backed by any government as legal tender, nor should they be treated as such.

This announcement does not constitute a prospectus of any sort; it is not a solicitation for investment and does not in any way pertain to an offering of securities in any country.

This release constitutes a description of the DigitalBits Network and the functionality of digitalbits tokens; it is for informational purposes only and may change as the technology develops over time.