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Advantages of Cryptocurrency DBX: All You Need to Know

19.10.2021
Advantages of Cryptocurrency DBX: All You Need to Know

In the modern world, the development of blockchain technologies and cryptocurrencies is not interesting for state authorities, and they are trying to tighten the regulation of digital currency in every possible way. This is due to the fact that the authorities cannot control this type of currency, so they want to remain the national currency the only legal tender. In this regard, the digital ecosystem DBX, which issues its tokens, finds and develops various solutions in order to provide its customers with safe and reliable transactions.

One such solution that the DBX team has developed is the convergence of traditional payment services and blockchains. The main priority for the DBX team was to solve the main disadvantages of payments in cryptocurrency – this is its high volatility and the tightening of cryptocurrency regulation by the authorities.

 

What is a “DBX” token?

The “DBX” token is a decentralized asset that is issued by the “DBX” digital ecosystem. This type of coin can be used for investments in different directions, without the need to use fiat money. Thanks to this solution, the investment system "DBX" provides users with the ability to quickly and easily make money transactions related to cryptocurrency. Ecosystem “DBX” is constantly developing and expanding its functionality. In addition, for more convenient and faster transactions, the developers created terminals that will be available in convenient locations for investors.

How does the digital asset “DBX” work?

This digital asset works due to using cryptographic algorithms and is a decentralized blockchain system. This system fully complies with the basic requirements of the users of cryptocurrency.

The “DBX” tokens are installed on the “Quark” and “ERC-20” blockchains, which were improved by DBX developers. The team of "DBX" was able to eliminate the shortcomings of bitcoin, other cryptocurrencies, and their forks. Thanks to masternode 2.0, the “DBX” system is completely safe and protected from the influence of legal entities and individuals. Thus, users of the “DBX” cryptocurrency network can conveniently and safely make instant payments, make purchases, and profit from staking.

It is worth noting that there is a small commission charged when making transactions, which is also an advantage for DBX customers. One more advantage of using the digital assets “DBX” is that the user has the opportunity to choose the appropriate blockchain for their purposes, as the “DBX” platform provides the ability to transfer tokens from the “Quark” blockchain to the “ERC-20” blockchain and vice versa.

Innovations in the digital ecosystem “DBX”

Today, the Quark algorithm is known for being very reliable in cryptocurrency transactions. This algorithm helped the developers of "DBX" cope with a number of disadvantages of the cryptocurrency, as well as allow their clients to make instant transactions. “Quark” works on the POW and POS consensus algorithm, which makes it safe to use, and it is also a guarantee of a well-oiled and smooth operation of the cryptocurrency ecosystem. Moreover, this algorithm is complemented by the functionality of the "Zerocoin" protocol, which plays an important role in ensuring the security and anonymity of transactions.

Also, “DBX” tokens have a feature that makes them unique - it is that they are completely cleared of the transaction history, and the transactions carried out are not associated with a specific wallet or user. This feature ensures the confidentiality of transactions and users.

As for the “ERC-20” protocol, it provides users with access to the DeFi industry and the functionality of smart contracts.

Advantages of “DBX” tokens:

  • Fast transactions.
  • Fast cross-border transfers and savings from masternodes.
  • Anonymity and confidentiality.
  • The ability to choose the required blockchain for transactions (it depends on the aims of the transactions).
  • Investors of “DBX” do not need to build their own mining farm, fund its operating costs and keep the equipment running smoothly.
  • The “DBX” platform provides rewards (smart dividends) to its users.
  • The ability to make money in the form of passive income.
  • Continuous development and improvement of the “DBX” token as a blockchain asset.
  • Decentralization.
  • Interchangeability of coins.

Conclusion

Summing it up, we can say with confidence that the main goal of the “DBX” team is to provide its clients with the safe use of cryptocurrency both in everyday life and for investing.