Bumo is a new initiative that looks at creating a platform where there can be a free flow of value just as there's unlimited flow of information as we're in the "information age". Utilizing smart devices that are the major and fastest means of sending and receiving information today.
With the internet of things (IOT) which has seen digital growth globally beyond human imaginations. Bumo looks at improving the mode of transferring assets across various networks that is internet enabled. Giving users a platform that can connect digital assets, smart devices and user data at the same time giving them the pleasure of enjoying a true digitalized economy. With speed that can run up to 10,000 transactions per second.
The vision is simply Creating a next generation blockchain enhanced platform that supports value transfer and tokenization anywhere and everywhere. A network that supports the tokenization of any value assets.
Users of this modern age do not have the time to go through with platforms that have rigorous processes that's why Bumo creates an easy to use template in order to achieve easy integration of the blockchain technology by allowing its user to lunch dApps without a foreknowledge of Dev.
Some people and small enterprises have their reservations when it comes to blockchain and its performance as it has been reported to be very slow when it comes to transaction speed because of the number of transaction that are done using the blockchain per second. Bumo looks at solving this by providing a user friendly platform that can work on any device and isn't restricted.
BUMOcan integrate to any kind of business with more speed thanks to its capacity to run up to 10.000 transactions per second.
The issues of running a centralized mining system doesn't apply to Bumo as it runs a decentralized lottery system called BUMOcounts which is fair and safe.
Consensus (PoW, PoS, etc)has always served as major concern for the transaction speed of platform on tge blockchain, BUMO aims at solving this by creating a new algorithm diferent of the prove of work or stake called "DPoS+PBFT" , PoW requires heavy gears and literally it can be any people in the world without some type of impediment, PoS will treat better people with more money, DPoS+PBFT works dinamicly and every node can be selected due a democratic process.
The importance of safely securing assets and value cannot be over emphasized as we all are used to running our accounts using centralized body and third party platforms like banks where someone/system is basically responsible for your funds but using the blockchain which supports peer to peer transactions in a decentralized mode users can be rest assured of the safety of their assets as they are their own account managers.
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