BUMO: System of Trust and Fairness on the Blockchain
What Is BUMO?
BUMO is called the Ubiquitos Trust Network. It's aim as the name suggest, is to create a decentralized trust network of free-flowing value. It wanted to create an ecosystem of extensive digital trust using the power of the blockchain technology.
BUMO's objective is the ease of transfer of digital assets around the globe using our smart devices as network nodes. By doing so BUMO can create a true digital economy, an economy where people's benefit is the priority, thus enhancing people's lives in the process.
BUMO's benefits does not stop there though. It has enterprise grade infrastructure that allows 10,000 transactions per seconds. The platform is also Developer-friendly, with tools, and templates that allows Dapps development, and deployment.
BUMO have an extensive array of uses, but one of it's greatest function is the ability to tokenized any digital assets with value. Thus enabling the users to incentivized from their creations or such.
What Is A Ubiquitos Trust Network?
A network where computing, and trust co-exist. In BUMO Ubiquitos Trust Network, all Rights of data belongs to the users, and no one node is above the rest. Meaning, the nodes has a value to the network. Here trust is the main priority, and malicious nodes that can endanger the network are quickly removed.
Security is one of the main concern of a Ubiquitos Trust Network, and any sort of breached is not allowed. This is very important as a breach, or a malicious nide could have devastating effects to a network's integrity. BUMO takes the issue of security very seriously.
Trusted Value Transfer System
BUMO's Trusted Value Transfer System is a system that connects the virtual world, and the real world together. As the name suggest, it is a system that allows digital assets with value like loyalty points, insurance, etc., to be transfered easily worldwide through an established network.
Not only will is this system effective, and useful, it is also faster, safer, and of course cheaper than a conventional (centralized or otherwise decentralized) transfer system. And as it's ubiquitos, trust will never be an issue.
Public-Sharing Dapp Ecosystem
Digital assets tokenization protocols, decentralized transfer, in-Dapp transactions, and exchange, and Dapps distribution. BUMO have all the above mentioned functions. Everything is done with users ease of use, and convenience in mind.
With such a system, content creators, developers, and even causal users can benefit greatly. Developers won't have to worry where to distribute their applications, the system will do everything for them. Users that wanting a certain Dapp won't need to go, and look elsewhere as the system will do that for them.
BUMO's "BU" Token
BUMO have an incentive system that enables, developers, and casual users to earn tokens called the "BU". The BU is the heart of BUMO's ecosystem, and have variety of uses inside the network.The BU like any tokens, and can be used to pay for services, traded, or exchange for fiat.
But the BU's most important function is that it act as the "gas" that for the BUMO network. The network also uses the BU as incentives for node validators, and an integral factor in the inner workings of the network.
BUMO's System of Fairness
One of the issue of that plagues the blockchain is the centralized way of mining cryptocurrencies. In such a system, the power to mine is focused on few rich individuals. This is not fair as the majority of miners have very little power or say on the subject.
BUMO solved this issue by using a lottery to choose the miners. As such individuals with money cannot monopolize the mining process, ensuring fairness on the network.
Conclusion
BUMO's system of trust, and fairness makes it one of the most promising platform on the blockchain. With tools that could help casual users, and Dapp developers alike, BUMO promises a wealth of pleasant experience.
For More Information & Resources
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