BUMO

At the risk of sounding repetitive, the Internet has proven to be the perfect medium for transmitting information from one place to another. But it is not until the appearance of Bitcoin and the blockchain that reliable point-to-point transmission of values became possible without the intervention of a central entity or authority, at very low cost. Thanks to its distributed, transparent nature, its cryptographic configuration and consensus mechanisms, it prevents and ensures that the information on transactions and balance sheets remains intact. It is thanks to the consensus mechanisms that allow the verification and confirmation of transactions, thus avoiding duplication of funds and ensuring that each transaction is unique.

Do not forget the incentive mechanism of the blockchain that provides profits to the nodes that make up the blockchain network, which ensures the constant operation of the network.

Even though the blockchain proposes an excellent means to manage values, it presents problems that avoid converting it into a totally reliable medium. This the problems that it presents are:

Performance: even the most used, such as Bitcoin and Ethereum, can not make more than a few transactions per second, unlike the conventional means available to banks. What delays the transactions and creates a bottleneck, creating a major obstacle when using them commercially.

Energy consumption: to keep the blockchain running, a process called mining is necessary, which is carried out by the nodes that make up the blockchain network. These nodes work to their full capacity to perform the necessary calculations to generate blocks of information, which results in an excess consumption of energy by computers.

Other linked problems are the value isolated and the difficulty of development according to the needs of the companies. Each value generated by each blockchain is generated independently which creates a state of isolation, which results in a lack of liquidity.

The vision of BUMO is to create a platform based on completely ubiquitous blockchain technology, which allows the value to flow freely as well as information through the internet.

BUMO is focused on the circulation of assets in a free way through a reliable and efficient ubiquitous platform supported by blockchain technology that can be shared through a common application. BUMO intends to create an open, scalable and efficient infrastructure that allows not only the digitization of the assets but also the free circulation of the same in an intelligent way.

Technological Advantages

To achieve a blockchain that is fully compatible with the needs of business today, BUMO uses its own technologies such as:

BU Firework consensus. A totally new consensus mechanism based on the "DPoS + PBFT" algorithm that allows greater scalability, 10 thousand transactions per second completely secure.

BUContract. That allows developers to create in a simpler way and with high level languages, smart contracts.

BuVM. The virtual machine of BUMO, used to execute the smart contracts. It allows to translate the smart contracts created in high level languages, a totally flexible platform that allows to interact with external data.

BU Orbits and BU Canal. Both architectures, typical of BUMO, allow interoperability between chains. This means that it is possible to connect totally independent blockchain and ensure the validity of transactions in a secure manner. BU Orbits is a double layer architecture, consisting of a main chain and one or several child types, in this way the blockchain is formed by a multi-chain infrastructure. This allows you to create multiple transactions per second. BU Canal, is responsible for creating connectivity between different blockchains.

Diversified Dapp applications. BUMO provides a standardization of protocols to attract more Dapp to join the network. Implementing strategies that allow the access of different Dapp (financial, social, gaming, etc) and in this way achieve a standard exchange of different tokens.

These technologies are responsible for achieving the free flow of digitized assets, even when they are from different blockchain. Acting in this way as a universal platform that facilitates different types of transactions and allowing the free circulation of all kinds of securities.

BU-Token

The BU-Token (BU) is the native token of the BUMO platform. This token is used to perform transactions, smart contracts and inter-string configurations. In addition, the BU will also be used for governance actions within the BUMO community and encourage developers to grow the platform.

Token Allocation

BUMO TEAM

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