BUMO: A Ubiquitos Network Of Trust And Fairness

in #blockchain5 years ago

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Ubiquitos Trust System

For a person, trust is a very important value. Whether one is dealing with love, friendship, family, or finances, trust must always be present. This is specially true in the age of the internet. An age where anyone could communicate, or deal with people from the other side of the world.

On the internet one could easily fall for a scam if they're not careful. And this is not umcommon at all. Therefore, wheb dealing with money, or digital assets, it is important to look for a partner, or platform that they can truly trust.

Unfortunately, this is not something easy to do. As there are just to many scammers on the internet, and even on the blockchain. So to prevent this from happening, one must ve always wary when dealing with someone on the internet especially if one is dealing with money, and digital assets.

Fortunately, their are certain networks that uses an interesting system called the Ubiquitos Trust System.

What is the Ubiquitos Trust System?

Ubiquitos Trust System or Ubiquitos Computing, is the revolution of computer paradigm. Ubiquitos Trust System promises to change the way we interact with computers, devices, personal spaces, and other people.

Ubiquitos Trust System centered on the principle of trust. It believed that the traditional way of authentication is no longer enough for the fast changing time. Amd therefore wanted to create a new security system that focuses on trust.

Among the numerous networks on the blockchain, BUMO, a decentralized ubiquitos network operate on such a principle.


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What Is BUMO?

BUMO is a decentralized public blockchain for ubiquitos, and trusted value transfer of digital assets. A platform on the blockchain with goals of creating an extensive ecosystem that operates on the principle of trust.

BUMO is a platform on the blockchain network that wanted to tokenized digital assets with inherent values—allowing easy transfer, and trading of digital assets. A unique network that uses nodes from around the globe to as validators.

As a platform for both Dapp developers, and casual users, BUMO wanted to create an enjoyable enviroment that allows both developers, and casual users to earn incentives when using the platform. And then create a secure, and trustworthy economy that will not collapse easily from malicious actors, either from the inside, or the outside.


The Benefits Of Using BUMO

Using BUMO boost great benefits compared to using other similar platform on the blockchain. Below are just few examples.

  • BUMO focuses on ease of transfer of all digital assets with inherent value like, loyalty points, game points, cryptocurrencies, and etc,.

  • BUMO operates on the priciple of trust, and therefore will not cheat on its users. In another word, it us ubiquitos, and trustworthy.

  • BUMO allows both developers, and users to earn tokens, and incentivized through its extensive Incentive System.

  • BUMO is absolutely fair when gathering, and distributing resources. No single nodes will have unfair advantages over the other.

  • It uses a lottery to choose who would be mining for tokens, thus giving everyone a chance.

  • BUMO uses a voting system for node validation issues, and for important decision making.

  • Easy Integration. BUMO can easily integrate any new Dapps, and technologies on the market.

  • BUMO have a wide arrays of useful tools. Ease of use is one of BUMO's priority, thus the platform is loaded with tools that are helpful to Dapp developers, and casual users.

  • BUMO have its own token called the BU whose main purpose is to keep BUMO's economy running. And as a token it can be used for trades, to pay validators, content creators, developers, and also for services within the network. It can also be traded for fiat, or real life money.

  • BUMO can help anyone create any smart contract with the help of the BuVM or BUMO Virtual Machine. The BuVM have easy to use templates to allow developers, and non-developers alike to create said smart contracts.


The BU Token

The BU token is the heart of the BUMO network ecosystem. It also act as a "gas" that allows the network to operate as it should be for they are used to pay a node validator.

Of course the use of the BU is not just limited to that. The BU is tradeable, and therefore can be bought or sold. It is also used to pay for services outside validation. Developers, and casual users can also earn said token for creating contents, or completing task. Others can also earn BU tokens through mining. Lastly, the BU could be exchanged for real life money or fiat.


Additional Information & Resources


My entry to @originalworks writing contest featuring BUMO Website

Link: https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-bumo

Twitter Link: https://twitter.com/chrislyr1


bumo2018

bumotwitter


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