BUMO The Ubiquitous Trust Network.

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What is BUMO?

It is a platform that uses the commercial and latest generation blockchain. His team aims to create a decentralized application that uses the DPoS BFT consensus algorithm for multiple double-layer chains that streamlines transaction processing. It also plans to link different main chains through an inter-chain, which will be able to connect homogeneous and heterogeneous blockchains.

BUMO work team:

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The main features are:

• Joint creation of accounts through the incorporation of "individual account weighting"
• Use of Merkle-Patricia trie to help store data in an efficient manner.
• Trailer system that differentiates data in a chain and off-chain data.
• Its orbit architecture helps to create a 2-layer multifunction BUMO architecture.
• Multilayer 2-layer consensus system that will scale up to 10,000 transactions per second.
• System "channel" that helps with interoperability.
• Develop tools to create an intelligent contract.
• Allow developers to create applications without creating a smart contract.

Scalability of BUMO:

The characteristics are concentrated in

1. Multisig account
2. Merkle Patricia Trie
3. Trailer system for large-scale data.
4. Fireworks BUMO: The system of multiple chains of 2 layers
5. Architecture of the orbit

Multisig Account:

Its main characteristic is that it can be opened and controlled by multiple parties at the same time. Example:

• Alice (A), Bob (B) and Charlie (C) own a company and have opened an account in the BUMO block chain, Alice is the executive director, so it makes sense that her approval counts more than Bob's and Charlie individually.

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In this diagram Alice, Bob and Charlie have created their account, their combined weighting must be above a threshold value of the operation. If it is less than that, the operation is rejected. This will make the BUMO system obtain a more generalized adoption of large companies.

Merkle Patricia Trie:

Combining the capabilities of the Merkle Tree and the Patricia Tree will make an effective way of storing data.

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In a Merkle tree each leaf node is the hash of the values of its secondary nodes. If each block contains thousands and thousands of transactions it will be very difficult to store all the data within each block as a series, it would be difficult to find a particular transaction. Using the Markle tree will be faster to get it.

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On the other hand Patricia means "Practical algorithm to recover information encoded in alphanumeric". A Patricia tree is a binary radius tree with a binary option on each node when traversing the tree. In other words, it helps reduce the depth of the ledger tree and increases tree balance.

Trailer system for large-scale data:

The need for the use of the blockchain to store heavy and complex data is increasing every day. This is why a "differential storage mechanism" called "Trailer" is introduced. This system will differentiate the data into data out of the chain of blocks and data within chain blocks.

Fireworks BUMO: The 2-layer multiple-chain consensus system:

At this time, Bitcoin is using the consensus mechanism of "Test Work" (POW), while Ethereum eventually wishes to pass the stake test through the Casper protocol. The problem with POW and POS is that it requires the approval of most of the nodes that are in the system, that does not help scalability.

For this reason NEO, EOS and Cardano have used a consensus mechanism based on the leader, where few validators selected from all the nodes are selected and are responsible for the general consensus of the system.

BUMO has chosen this route by creating a multiple-chain consensus algorithm for the main chain by voting according to the DPoS and then generating blocks by the selected validation nodes through the improved BFT algorithm, thus achieving higher performance of transactions, scalability, and security. They are calling this the "BU Firework".

The architecture of the orbit:

Bumo uses a "Two-layer polymorphic architecture for a multi-child blockchain" structure to address all future scalability needs. The multi-child blockchain system is presented with a two-layer multiform structure, in which "two layers" means the main chain and the secondary chains; and "multiforme" means the different technical characteristics between the main chains and children's chains.

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Conclusion:

BUMO brings many interesting features in the cryptographic space. The team is committed to blockchain innovation to present real solutions to some of the biggest problems in the space of cryptography.

Source of the information

BUMOTwitter

Originalworklinkcontest

bumo2018