BUMO - The New Era Arrived

in #blockchain6 years ago (edited)

Introduction

The world of the block chain for many is something overwhelming, and more if you are starting and if you are a beginner.

Every time a beginner asks about the subject it always ends up worse than the beginning, with more questions and endless doubts to clarify.
For no one is a secret that the chain of blocks is something complicated to understand, but with the necessary advice and study it is amazing the wonderful things you can do in it. That is why it is necessary that there are as many tools necessary for users to have a better understanding of it and make their lives a little easier.
Another important issue to point out is the manipulation of the mining world in the chain of blocks that many see as a monopolization, and that goes against the original mission of the same.

That is why BUMO breaks the traditionalist paradigms that return a funnel law to the system.
With BUMO the profits are maximized and the necessary tools are provided so that the users have greater understanding and profitability of their liquid profits.

BUMO, is different from everything else

Mainly BUMO focuses on making transfers between them easier, and this can be helped by different social networks, the Internet within the Internet of Things and fintech.
BUMO is especially different because it can connect digital assets, smart devices and user data. In this way transactions per second of a total of 10,000 transactions are increased. Leaving different easy-to-use templates and design tools available to optimize the deployment of the application.

The great essence of BUMO and what makes it different from the others is that its transfers are of ubiquitous value.
But what is the ubiquitous value?
It is when we talk about tokenize all assets, from loyalty points to outstanding assets, and this is due to its great ease of transaction, and how efficient it makes transactions across the world in different chains.

Benefits

  • Bigger value magnitude by means of the intelligent ITO value chain of BUMO.

  • The implementation of 45,000,000,000 IoT devices is expected by 2020

  • You can create value through smart devices.

  • It will be possible to exchange data without problems since it is intended that BUMO acts as a universal digital book.

  • Eliminate the great cost of maintaining the network.

  • It will promote trust in users through secure nodes.

Saving the day was never easier for block chain companies

Many companies live daily with different types of Blockchain problems, scalability, security or performance due to different variables, so having everything in order is an almost impossible task. Therefore, BUMO takes a great leap forward in the evolution of equity for organizations, since it does not focus on the very trite centralization of the mining company, but on the contrary, it seeks to decentralize that great monopoly that exists to grant the true control of the entire chain updating the blocks using IoT devices.

Structure


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First, let me tell you that any smart device you have can be a part of the BUMO environment.
The creation of nodes contributes to the maintenance of the network since applications can be developed and this gives great value to it.

Roles that users can develop:

  • Node: as we have spoken from the beginning, any device can be considered a node.
  • No candidates: they are selected in a random way to pass to the next level which is to be a validating node.
  • Validating node: a winner is selected from the candidate nodes chosen above and this new validator node will be responsible for resource management and network accounting.


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Resolve bottlenecks

While it is known that bottlenecks cannot be eliminated, but can be minimized and transferred, so Blockchains and its bottlenecks bring with them many limits that affect the mass adoption that we usually know.
The limitations or bottlenecks that are known are the following:
-Performance Speed.
-Energy consumption.
-Applications and everything that encompasses them.
-Lack of liquid markets.

BUMO can make these bottlenecks a problem of the past, and this is because it encourages the free flow of digital assets, being in this way BUMO a creator of value through intelligent devices that can generate data allowing them to exchange information without problems.

Incentive in the network

In BUMO the incentives will be charged through the BU token, which will be the one that denominates the "gas" costs that are comprised by:
-Storage fee.
-Calculation of fees.

Security of Value

BUMO seeks to create a trust network in which value can flow with the same freedom of information, based on the ubiquitous value transfer that will be used by companies at their highest performance.
The transfer of value has always been considered under traditional methods as a costly and complete process, but BUMO came to change all that history since the lazar dApps is completely changing the rules of the game.

Contract

The intelligent contracts of BUMO are executed by means of virtual machines BuVM that has a great number of templates that give opportunities to users who do not have capital to create high level applications.
The intelligent contract allows the implementation of an easy programming language such as Javascript.

In a digital world, how important is the security and speed of the data?

When working with the network you are vulnerable to any type of cyber-attack, they can be identity and even money thefts. That is why the issue of security and data protection has become a very sensitive issue when taking new risks in the Blockchain. That is why BUMO offers an incredible business opportunity without neglecting the importance of having your data very well protected.
Regarding the speed of data, we were used to hearing that if we wanted speed we had to pay the price of a miner to obtain it, but BUMO offers more than that by having that same speed, but at a lower cost and in a much easier way and totally understandable to the clear majority of users.

Case of use

Adele is the manager of a real estate company. In this company, a large amount of data is handled by owners and buyers, so a pattern is sought for potential customers.
They use the Blockchain as a tool to help verify the authenticity of Bitcoin sensor data.

Massive Adoption

BUMO helps mass adoption raise its standards to another level, thus increasing the performance for Bitcoin and Ethereum platforms, the energy consumption will be minimal, the creation of products will be fortified and the isolation of the value will be diminished.

Conclusion

If what you want is to get out of the conventional and generate good liquid profits for it the best thing is that you join BUMO and begin to experience the good of the ubiquitous value and the profitability of using smart devices for something more positive than that of habit.


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Annexes

Team

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More Information

BUMO Website
BUMO Wallet
BUMO WhitePaper
BUMO Github
BUMO TechnicalPaper
BUMO Twitter
BUMO Telegram
BUMO Facebook
BUMO Weibo
BUMO Reddit

This is my entry to the contest of @originalworks
bumo2018

My Twitter link HERE
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Posted from my blog with SteemPress : https://merryslamb.timeets.com/2018/10/15/bumo-the-new-era-arrived/

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