BUMO

introduction
For the past years, especially the early users of blockchain and crytocurrencies , I bet it must have been fantastic but now , more investors are flushing in, more tokens and users are gradually increasing and scalability is emerging as a serious issues. The current system is beginning to strain under it own weight with transaction data piling up. With every purchase, the blockchain adds one more block to it's ladder of transactions, this pump is in a danger of bulk. Although Bitcoin has added it's cap per block and Ethereum has no hard cap yet it present problems even with the fact that it can adjust to scale much better. The response time is slow with the number of blocks involve . Like the Bitcoin, it verify and create one block every 10 minutes and the more the users carry out transaction, the longer it takes .

Source

The major problem for the slow response is due to the single chain technology that has being abducted by most blockchain. The earlier solutions were hardfork , lighting network, shading etc .

Bumo announce a blockchain ecosystem that hopefully will allow the blockchain to truly permeate the market place and the world becoming a feasible solutions for individual alike, financial institutions etc. BUMO is Vision to bypass the current blockchain bottlenecks related to scalability, performance and application diversity. It has built an innovation blockchain solution that gives added advantage such as smart contract, hybrid, algorithm, multi-chain technology. With this goal bumo technology will solve the slow response time of various user.

What is Bumo

Is a project with the objective of creating a trust network where value can flow as freely as information, utilizing existing smart devices that are already present in the world.

Technical advantages of Bumo

1.Developer-friendly smart contract
2.Innovative consensus algorithm for two-layer multiple chains
3.inter-chain for routing value across blockchain
4.Two-layer polymorphic architecture for multi-chain blockchain.

Just like every blockchain, Bumo has a vision which is to create a next generation blockchain for ubiquitous value transfer, which is ready for Enterprise to use in high performance.

Ubiquitous means being present everywhere at once. There you values will be transferred freely on blockchain such as digital assets and internet of things can be developed and deployed rapidly over Bumo network. BUMO is license under the GPLV3

Internet of things

The interconnection via the Internet of computing devices embedded in everyday objects enabling them to send and receive data. In today's world , smart technology is only really smart when it put to work at scale from security, global trade , healthcare and agriculture.

So how will Bumo solve the fundamental issues in blockchain

1.An applied ecology shared by the general public
2.A blockchain based ubiquitous trust network
3.A credible value circulation system.

Decentralized application (DAPP) for the blockchain that run by many users with trust less protocols. They are designed to avoid any single point of failure. BUMO also leverage multiple tools for establishing digital identity for Dapp inbuit in exchange, pass value transfer etc. It framework comprises of blockchain technology developed with multiple features. BUMO hope to attract more developers to it Developer-friendly Ecosystem by providing API interface which is used for assets wallet and transaction.

Speaker at the 2018 blockchain developers summit at SVIEF featured two industries veterans with various experience and background in some leading tech firm . Bumo co-founder Steven Lee has experience and has worked for teneent , PPTV, served as the Coo of jiayuan.com and the founder of better wood.

Uses
Bumo blockchain is been widely used in data security, trade finance , equity and bond, digital assets, supply chain traceability etc. And Currently, it is working with mainstream financial institutions including exchange ,bank.

What makes Bumo more efficient

1.it tokenization protocol APT and CTP, users can use the blockchain fast and easy

2.The blockchain comes with token publishing and transaction functions. Users can issue tokens quickly and efficiently, even without creating smart contracts.

3.For more complex applications, a contract based token issuing features can be used . Bumo defines the standard of contract token to meet the compactibility of different applications.

BU can be earn in several ways , among them is involving/participating in BU communities like gas and community incentives

Bumo2018

Read more about Bumo from the following sites

Bumo website
Bumo whitepaper
Bumo technicalpaper
Bumo telegram
Bumo weibo
Bumo Reddit
Bumo Facebook
Bumo Twitter
Bumo GitHub
Bumo wallet