BUMO; THE NEXT GENERATION DECENTRALIZED APPLICATION ECOSYSTEM

INTRODUCTION

First of all, BUMO is a project that seeks to generate a free traffic of values, a network that allows its users to make transactions quickly and efficiently.It is a platform that uses the latest generation based on blockchain. The application is decentralized and speeds up multiple transactions according to its double layer algorithm, besides it plans different chains to perform transactions in a heterogeneous way.Ubiquitous Trust Network are created by all users through participation of all users in the construction of the Bumo blockchain Network. After the Ubiquitous Network is constructed, a trustable value circulation system(smart contracts) is established, bringing about the easy flow of information in the system.The year 2009 was a new starting point in the world economy with the use of cryptocurrencies, the fact of creating a means of transactions and payment in a vitual and cencentralized way without mediators and where communities based on offers and demands are those that They determine the value of that cryptocurrency or Token framework guidelines and I call attention to many people to find ways to have participation and invest in cryptocurrencies and be able to make purchases through the internet.In theBumo network, components of a network serves as a mode as the collection, mining and processing of data or information with the exchange of value serves as revenues on the blockchain platform.
As we all know, one vital thing about us is our information, but the thing here is how are we sure we get the appropriate results to our information. Blockchain being trustless will allow a seamless interaction through the use of Interest of Things (IoTs).

Why is safe transfer of value so important?

The assets of companies can be transformed into securities or tokens through BUMO, for this reason both data and transactions must be safeguarded. Since the integrity of it would greatly harm the user.
since the world is the world we're doing transactions. In the middle age for example, if you want to trade with another kingdom (we're the kings by the way) let's say you had to feed your people and you pay 1200 gold coins for 1000 cows, you have to go to the other kingdom with a caravan and pay your soldiers (or mercenaries) to go and back with the trade succeded, and that's if you dont get surrounded by enemies in the way that try to stole your values.Liquidations almost in real time. The problem of time spent on settlements in all types of transactions has been a concern and a problem to be solved. Real-time settlement capabilities already exist, but often at a cost that makes them impracticable in most transactions.

Reduction of risks. Faster settlements not only mean faster access to funds, but also reduce the risk that funds will not be available in the time from the time the transaction is approved until the goods or services are delivered.

What are the key differences of BUMO?

BUMO allows any asset to be tokenized and users can easily access their projects and contribute ideas about them, allowing the community to grow within the blockchain and its transaction speed makes it one of the fastest within the ecosystem of crypto currencies.There are many Programs that help us improve our lifestyle with respect to the Blockchain.But today it is something different. How can we do that?

The help that BUMO gives us in this case, It would be to make any type of transfer at the moment and with greater speed than other Programmers.What does all this entail? Make payments at the time and when you want it with speed, make purchases without any kind of inconvenience when making a transaction.You can make very fast money transfer with bumo and also transfer the assets. So in daily life, You can easily make purchases, transactions or bilateral agreements via bumo. You will be able to keep your assets safe and secure when you perform these operations.Bumo gives you that security so that you can make your business work spontaneously and without any kind of delays
With this I mean, as many people want to imnovate promoting their business with the Blockchain with Bumo you can get it.
In this way you can be an entrepreneur and put your business to work with bumo.

The Problem

Since the launch of bitcoin in 2009, other cryptomonedas such as ethereum, litecoin, ripple, dogecoin and others have appeared with the same essence and approach of bitcoin that have generated a wide universe in terms of information about these virtual currencies.However, in the beginning many people were swindled because they believed in fictitious platforms that promised them countless profits in a short time.
Although the blockchain is revolutionizing the world and is the technology of the future there are still different challenges that have discouraged the masses to participate in this financial system, since many users have little knowledge and the language is difficult to understand because there is certain knowledge that must be manipulated before participating in the system.The factors such as security, knowledge, risk and way of acquiring the different Tokens or cryptmoneda that are in the Market have been a constant problem. The fact for the user to have to use different platforms and register in each of them, make the process slow and complicated for ordinary users who want to venture into the world of cryptocurrencies, without mentioning the cost of commissions when making transactions , and the high energy consumption that is used to become a creditor of some cryptocurrencies.As a solution we need a reliable platform, where people can make transactions easily and can maximize the potential of financial value, encouraging communities to tokenize and use the technology already present in all things.

Bu token

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