BUGLAB - is a decentralized system which involves a blockchain and consists of several smart-contracts in the perimeter of the block chain and its own crypto currency, And the platform is a system product created by a consortium of the most powerful, competent, and experienced logistic companies and organizations all over the world. And also blockchain and smart contracts serve as the way forward into the Industrial use, creating economies of scale and potentially aggregating supply. Decentralized manufacturing will make the industry more accessible, secure and economically sound for more participants in a direct peer-to-peer (P2P) ecosystem.
Therefore, the BulgLab Wallet would central to every interaction in the ecosystem, and also be secure storage and exchange platform for both cryptocurrencies and fiat currencies, enabling users to deposit, hold, send, and exchange supported cryptocurrencies and fiat. Merchants can freely choose and switch between different blockchain assets for payments. Users can convert from BTC, ETH, BGL and vice versa, utilise peer-to-peer transfers and exchanges, and pay for merchant services.

BulgLab is designed to run natively in the cloud. It can also run on a single computer for testing and development cyber security. By this approach it marks a significant step forward that will help elevate blockchain and decentralized applications to the next level, including our patent pending technologies. BulgLab comes with a fully customizable token economy manager for apps built on the platform. Applications can even build unique utility tokens that inherit all Bulglab features. The Bulglab Marketplace is a native application built on BulgLab to allow the community contribute and exchange reusable components (e.g. Chain Adapters, Blocklets, or even applications).

THE BUGLAB SOLUTION
With its scoring system, Buglab incentivizes each researcher to be the first to uncover the maximum number of significant vulnerabilities, and to obtain the highest score, based upon a grade attributed to each. This type of scoring system encourages the community to act in a manner that is effective, thorough, and efficient.
Recommendations made by researchers to mitigate vulnerabilities are also communicated to the client. Either the pentester or Buglab itself can work directly with the customer on remediation.

DESIGN PRINCIPLES: Buglab design is based on following core principles:
• The user experience comes first.
• Performance matters.
• The system will be built on an open standard.
• The system will build upon an Incentive-driven economy.

Therefore, Buglab Open Chain Access Protocol enables your application to adapt to a variety of blockchain protocols including Bitcoin, Ethereum, Hyperledger, and more. The Open Chain Access Protocol will be open sourced with an Network so that everyone in the blockchain community will be able to contribute, create extensions, and make improvements. We will develop the protocol in private mode, then open source it once we reach the release candidate milestone.

The Future Aim:
To provide a high-level technical overview of the Buglab platform. With a basically understanding of cloud computing, decentralized applications, and blockchain technology. A list of resources is provided for those who would like to develop a foundational understanding of blockchain technology. And also to create a social network of brands based on the Blockchain technology, to advertising Increase effectiveness by creating favorable conditions that will enable all participants to benefit from collaboration, where Buglab has significant advantages over the vendor-specific frameworks available in today’s market.
Furthermore, Buglab primary goal is to remove the barriers that have slowed blockchain adoption among the general public. The decentralization aspect of using a cloud node is even more interesting, since a cloud node is likely a distributed service that runs on multiple servers from multiple availability zones, or even different regions. In the future, cloud nodes could be offered by various providers and cloud computing vendors. Some may even be self-hosted mining service providers with an adequate cybersecurity. This makes the system much more decentralized indeed.

Token crowdsale plan:
Users, willing to participate in the token distribution, will agree to send their Digital Assets for acquisition of BGL Tokens from an Ethereum address wallet, for which they control the private key, where as such address shall not belong to a Digital Assets exchange. Users will receive their BGL Tokens to the same address, from where they sent the Digital Assets.

More Information Connect to Buglab
Website: https://buglab.io/
Whitepaper: https://buglab.io/assets/docs/Buglab_WhitePaper.pdf
Bounty Thread: https://bitcointalk.org/index.php?topic=4446991.0
Telegram: https://t.me/buglab
Twitter: https://twitter.com/joinbuglab
Facebook: https://www.facebook.com/buglab.co

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