BUMO: Decentralized Application Ecosystem
Index:
1- Introduction, the current problems of cryptocurrencies and blockchain.
2- What is BUMO and how do you solve these problems?
3- Benefits and characteristics of BUMO.
4- BUMO Technologies.
5- The Token BU.
6- Other BUMO tools.
7- The BUMO team.
8- Partners And Investors.
9- Conclusion.
10- More information about the platform.
1- Introduction, the current problems of cryptocurrencies and blockchain.
I remember that less than 2 years ago I discovered the world of cryptocurrency, and after a few months I was already immersed in it. The revolution that is developing in abse to the blockchain technology in addition to the utility of the crypto-medallions is monumental as we all know. But because it is a newly created phenomenon, it faces all kinds of challenges, and even more so for those of us who are not exactly experts.
The problem with the world of crypts are many, such as security, lack of regulation (which this year 2018 is beginning to improve), the great diversity of currencies and the impossibility of knowing for sure which triumphs and which will disappear. estimated that in 10 years he% 95 of cryptocurrency disappear), a huge number of virtual wallets and some only accept one or only a few coins, in addition to having exclusive contracts with certain pages and if you register in these, you have to use a certain purse. In addition there is also the cost and time of the transactions, the high energy consumption of the common blockchain and we can not forget the hacking in several exchanges around the world.
2- What is BUMO and how do you solve these problems?
BUMO is a blockchain network with the aim of unifying the cryptocurrency ecosystem and thus be able to be present all over the planet, creating a platform for all kinds of decentralized applications and a free flow for digital value (for example graphic files, logos, video or sound files, web pages, electronic documents, cryptocurrencies and product designs).
BUMO manages to unite the internet of things, fintech, social networks and the database of users, in a single set that improves all the points mentioned in the introduction.
In this way BUMO brings the blockchain to everyone, in a first step to be adopted at the social level, in a much easier way than it is today.
Your blockchain is public and with the possibility that anyone can join the network and collaborate with it. In addition to being able to apply to verify the network and through a draw can be chosen to monitor the network.
Another advantage of BUMO is that it allows the tokenization of digital assets, be they pure digital assets, real assets or rights of a certain service, making it much easier to circulate these, giving more versatility to the economic ecosystem of BUMO.
3- Benefits and characteristics of BUMO:
"Free Flow of Digital Assets:
• Static assets are practically useless
• Cross-domain circulation creates new magnitudes of value for all users interoperating through BUMO
Intelligent IoT Value Chain:
• 45 Billion IoT devices expected by 2020
• Intelligent devices can generate data and therefore create value
• BUMO wants to act as a universal, digital book, enabling this data to be traded seamlessly
Will eliminate fragmented communication protocols between different devices
Will eliminate high costs of network maintenance
Will eliminate fears born of lack of trust via illicit nodes on the network "
Also these advantages:
1- Innovative consensus algorithm for two-layer multiple chains.
2- Two-layer Polymorphic Architecture for Multi-child Blockchain.
3- Inter-Chain for Routing Value across Blockchains.
4- Developer-friendly Smart Contract.
4- BUMO Technologies.
These graphs show how BUMO works:
Technical characteristics:
5- The BU Token:
BU is the cryptographic digital token incorporated in the BUMO network, and can be used in transactions, liquidation and execution of intelligent contracts in the chain.
Token Information
Total Supply: 1,500,000,000 BU
Circulating Supply: 350,000,000 BU
Price: 1 RMB = 1 BU
Token Distribution:% 20 Donation,% 30 Community Building,% 20 Ecological Construction,% 10 Early Contribution,% 20 Foundation Operation.
Information provided by the platform:
"BU Token value is based on two factors: 1) the quantity of BU consumed as fuel in the BUMO network and 2) the ability to participate in BUMO community governance by holding onto BU.
Applications of BU include but are not limited to:
• Gas - fuel for executing smart contract interactions
• Bookkeeping award - incentive for validators nodes
• Community incentive - motivate developers to create infrastructure contributions
BU can be acquired by:
• Acting as a validator node and collecting a transaction fee through gas
• Transfers between accounts on BUMO (buy / sell)
• Participation via donations in Ethereum to the BUMO project developers
• Participation in the development of the construction of BUMO's ecosystem
• Other ways ... "
6- Other BUMO tools:
a) Smart Contracts:
- Contract editor provides visual debugging for developers.
-Standard contract templates with multiple contract examples.
-Independent sandbox environment.
-Provides contract interoperability and exception handling mechanisms.
BUMO wallet
-BUMO full node wallet
"Synchronization of multiple node ledgers supports multi-asset aggregation management, offline transaction signature and joint signature account control, meeting user demands in various scenarios and creating a secure, easy-to-use blockchain wallet client."
-Quick Wallet
"Quick Wallet is much faster because it does not need to be stored in the full node. Quick Wallet also provides extensible technical supports. "
-Keypair Generator
Provides open source development tools for users, and creates blockchain account addresses directly.
e) BU Explorer
It allows to see the blocks of the blockchain and the transactions carried out in it, thus giving access and transparency to the network.
7- The BUMO team:
8- Partners And Investors:
9- Conclusion:
BUMO is the masterpiece that was missing to unify the world of cryptocurrency and blockchain, with a unique comfort and never before offered by anyone. Undoubtedly, it is the future of the crypto digital market, and I believe that we should not lose sight of this platform because I most certainly became a titan in its field.
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