Bumo: Genius at the service of technology and Blockchain users
Every day we are faced with the need to carry out different activities where the use of various electronic equipment is required, including "intelligent devices". For this reason, at present, there is access to technology and everything it implies at the computer level, with the use of equipment created for techno-social purposes.
In addition, the emergence and use of digital coins, together with Blockchain, intelligent contracts, deposit, sale, purchase, and transfer of digital assets, require a greater transmission capacity, derived from the massification of the necessary electronic processes; and in that sense, "intelligent devices" are and represent a viable alternative, to achieve the objectives and goals implicit in this paragraph, and reality.
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¡Let's talk about Bumo!
Bumo is a platform, with an avant-garde and friendly interface. It allows the creation of a totally fast, reliable digital network. It contributes to the fluidity of digital assets in absolute freedom and security. It is a viable and innovative project; it has specific features and direct benefits for users in the interface and executable electronic processes, where "intelligent devices" in the form of particular nodes are required, being within reach of most people in different countries.
To achieve the tacit purpose, Bumo makes use of some platforms and interfaces such as Things and Fintech, in addition to social networks, namely: Facebook, Twitter, among others, with equal communicational reach.
In essence, Bumo seeks to interconnect "intelligent devices", along with user data and digital assets, allowing at least 10,000 transactions per second. It will also use different tools and templates to facilitate basic processes.
With Bumo common users benefit, with access to "intelligent devices", as well as small, medium and large entrepreneurs, consolidated managers, unicorn companies and startups around the world.
Mission of Bumo: Bumo's idea is to create a chain of last generation blocks that facilitates the exchange, purchase-sale of digital assets, personal-confidential data, through the transfer of the oblique value, with the greatest security in the Internet network.
¡What is oblique value transfer, @jessfrendcor?
It is a globalized network from which any type of digital asset can be tokenized, easily for the execution of transfers worldwide. In short, it facilitates the transactional processes linked to the exchange, purchase and sale of digital assets, in a reliable and secure way.
Economic valuation of Bumo
Logically, when thinking about the use of any platform and web interface, the first thing to think about is its free or economic value, whether in fiat money or digital currencies.
In other words, the easy integration of Bumo or another website will always depend on its cost, in terms of operability and use. Blockchain Technology is no exception to the rule, and in correspondence, the aspect under consideration matters.
Then the question arises: Can I afford to use the platform and interface of Bumo? Surely, the common citizen and consolidated businessmen, will avoid high costs for the use of electronic pages that interest and benefit them. That is why Bumo, offers to all a service within the reach of the economic possibilities of each individual.
Bumo and the descentralization
One of the outstanding aspects of the public or private Blockchain is its decentralized character. In other words, the possibility of participating and transmitting diverse data, without a government or primary group and with supremacy over the rest of the users. ¡No!
In Blockchain, everyone is at the same level or rank, participating in a democratic, open, free, consensual way, where everyone has a voice and vote. Therefore, it is a system with equitable processes.
Bumo is a platform with an allied interface of the decentralization, which strongly opposes centralization, considering it one of the serious problems in the Internet network. Bumo as a web resource creates and orientates itself towards the "internet of things" with opportunities for all users equally.
It is categorically opposed to the proliferation of monopolies detrimental to retail entrepreneurs, but who also have great ideas and initiatives, and have every right to enjoy all the benefits of Blockchain on the Internet. Therefore, Bumo administrative policy focuses on "Internet for all", on equal terms and without distinction of any kind.
However, due to the overcrowding of the service offered by the platform and interface of Bumo, in the first instance a draw will be used to grant authorization to users interested in creating and manipulating a node.
Bumo and his position before the limitations of Blockchain
Blockchain, although it is and is considered an Internet network, characterized by being at the forefront in the digital and information age, still has some limitations that must be addressed, among the most incidents, the following are estimated:
.-Performance: in some specific cases, Blockchain is affected by the low speed of transactions for systems such as Bitcoin (BTC) and Ethereum (ETC), but it is also understandable the high demand for both digital currencies in circulation and manipulated by crypto-users.
.-Energy consumption: specifically when carrying out the corresponding processes with mining. Is an activity that requires a high daily consumption of electricity.
.-The threshold of application: manifests itself because in many cases, inexperience is the cause of the lack of positioning of the services and products offered through the Blockchain.
.-Isolation of value: representing a problem caused by the lack of liquidity in the digital coin market.
Faced with the limitations mentioned above, Bumo is aware of its role within the Blockchain, of the opportunities and threats arise, and in correspondence, has the necessary human talent, able to respond to contingencies.
Bumo Composition
The composition of Bumo is unambiguous. It is a friendly digital ecosystem, made up of the roles that affiliated users can assume. In Bumo, they are estimated:
.-Nodes: Represented by any user in the network, with an "intelligent device". Among its qualities, transparency and autonomy stand out.
.-Candidate nodes: All users applying for the role as nodes are eligible candidates. But, to obtain this privilege, they must be part of a selection process, through a democratized, transparent and reliable lottery.
.-Validating nodes: Validating nodes: are those selected by the selection process (Lottery), which are assigned the opportunity and responsibility to be verified and reliable nodes. They receive a retribution for that role, and the more nodes exist in the network, the more ubiquitous it will be in Blockchain.
The economy in Bumo
Bumo, like other platforms with cryptographic interfaces, has its own digital economy. Yes, friends! it's about the token: "BU".
With this, it is possible to support itself, apart from giving crypto-economic validity to all transactions made by users within the respective Blockchain.
"BU", is listed in "Coinmarketcap", one of the main web pages where you can appreciate the flow of the cryptographic market, based on more than 1,000 digital coins in circulation and worldwide recognition. In the followings images, you can see the price of this digital asset:
The Intelligent Contract in Bumo (BUVm)
In Bumo, the intelligent contract is made through the web tool "BUVm", which is the diminutive and denominative derived from "Bumo Virtual Machine".
There are several templates available at Bumo, to conclude the intelligent contract, which allows the execution of the processes related to the operation of the implicit platform and interface. In this way, users have all the valid tools to carry out the respective intelligent contracts, which allow them access to the operations of Bumo.
Also, Bumo has the tool "BuContract", which allows in general lines, the use of programming languages, such as Javascript. At the same time, it allows interested users, to learn about the programming language. In the future, it will support C / C ++, Python, among others, thanks to WebAssembly resources.
It is important to note that, in the intelligent contract, the data provider is required to rely on "real" information and by means of a deposit; this will be lost if the validators consider the data provider to be acting in an unlawful manner. Similarly, the oracle (BuOracle, BUMO Oracle), while the data must be obtained from the celebration of an activation event that is programmed in the intelligent contract, after the oracle proceeds with the validation of said process and resorts to return a value, to BuVM.
Benefits of Bumo
Among the benefits of Bumo, those that follow are assumed:
.- Freedom in the flow of operations/transactions in the interface of the platform, which allows greater and better availability and use of time, for the execution of actions.
.- The flow and circulation of data and information between domains generates the basic and necessary conditions to create magnitudes of values intended for good use by users.
.- It is expected that by 2020, the number of "intelligent devices" integrated into the platform will be 45 million.
.- The generation of value from the data emitted by "intelligent devices".
Case of use of Bumo
Jhonattan owns and manages a Human Health Assistance Center, and handles a large amount of patient data on a daily, weekly, bi-weekly, monthly and annual basis. But, the means and devices it uses to collect and store that information are very primary and precarious.
When he learns about the operation of Bumo, he thinks about using this platform to collect patient data through the "intelligent devices" of the patients. It should be noted that, by collecting data in this way, and storing them properly, Jhonattan will benefit along with all the administrative staff of its human health care center.
For patients who do not have "intelligent devices", Jhonattan idea the acquisition of several, and have them within a specific area of the health center, so that those who do not have this tool at their fingertips, provide their data with them.
In parallel, Jhonattan will create a "Training Program" for people interested in the benefits of Bumo, and will even assume as payment form, the native digital currency of said platform, that is, it will accept "BU", as part of the cancellation of services offered to patients.
The Bumo team
Every business organization has a work team that jointly plans, organizes and executes the necessary action plans to achieve efficiency and productivity.
Bumo is no exception, and you have at your disposal, men and women, trained, committed to what they know and do, giving the best of themselves, for the smooth running of the platform and interface in charge. They can then see and recognize the people who are part of the Bumo team:
Bumo Link
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