Hey there fellow cave people let's try to figure out Bexam.
Ever wonder why there is so much hype around blockchain cryptocurrency yet there is very low adoption rate in mainstream? Simple answer is; it basically faster to do business the conventional way. This is where Bexam tries to fit in by delivering a solution tailored for a vibrant businesses hub on the blockchain. The innovative platform is set to address blockchain problems; speeds, scalability, and security.
I firmly believe blockchain is here to change the world. Blockchain technology aim at literally transforming our socio-economic lifestyle by projecting us into a cashless society governed by secure cryptography, nodes and computer algorithm. All designed for a revolution that is meant to take our financial conveniences to another level and insure the security of our monetary values. Inadvertently we all have become part of a time that proves the fourth revolution started with us here and now, trust me there will be no need to leave behind cave art as reminders for future generations.
Besides this disruptive technology is now seeping into public consciousness, we are talking here about people like me and you and everyone is looking into benefitting from it. If you are also wondering how to smooth glide for personal benefit keep reading. Trust me we are not heading for the cave Mines.
Buying, selling and saving funds by individual or large corporations are made easier, thanks to the technology's feature as a peer-to-peer distributed ledger. Also on a personal level anyone can become his/her own bank manager without wasting time, resources, and settling for less. Again, thanks to its decentralized nature which enables transparency.
However, it does rain on blockchain parade, a torrent of brimstones and landslides no thanks to its speed and scalability issues which has been an underlying problem right from creation. When the pseudonym Satoshi Nakamoto outlined the technology and its overlying cryptocurrency, Bitcoin, in his whitepaper back in 2009. It was welcomed as a refreshing alternative for cutting out banking institutions and intermediaries. It won't last long. Critics soon started fine picking its problems. Peer-to-peer transactions? Good, so how many transactions can a Bitcoin blockchain process?.
On average Bitcoin runs a mere 7 transactions per second, compared to what Visa does. A whooping 24000 transaction every second! Such a huge gap, certainly Bitcoin blockchain is all rave and no action. By 2013, Satoshi's blockchain was quickly labeled blockchain 0.1 making way for Ethereum the super-duper fast blockchain 0.2. Turns out Ethereum can only process 15 transactions every second, still a far cry from what Visa does and certainly not conquering the economic world pretty soon.
Still grasping the fundamentals of blockchain? Probably haven't heard about DAG then. Definitely the cons of living under a stone. DAG is the new blockchain 3.0 addressing the seemly inherent problems of blockchain technology. DAG an acronym of a Directed Acyclic Graph works as implied. A directed graph data structure using a topological ordering where sequence can only go from earlier to later, while effectively compressing Data.
The Big Break Bexam
Welcome to the age of Nodes and solutions ushered in by Bexam. The project is an infusion of brilliant minds based in Tokyo and Singapore merged with cutting-edge technology set to deliver the original Satoshi plan, which is to make your life, business and society easier while encouraging the distribution of global wealth. Bexam blockchain project is using DAG to process a jaw dropping 40 million transactions per second (TPS). To top it's amazing TPS, Bexam has a block of 0.2s.
As a blockchain/DAG hybrid the platform is powered by complex consensus building algorithm PoW, PoS, PoC, PoA and PoR. PoR (Proof of Rounds) is an unprecedented consensus designed to enable Bexam achieve its remarkable fast speed. With the implementation of PoR, nodes are each designated in advance for the approval of transactions. Notably, selected nodes are chosen in order of priority making way for improved processing speed.
Not to start sounding too technical, here is a breakdown for the stone age man. Bexam is the long awaited multi layered security platform set to enable a global scale adoption of blockchain technology. This makes way for institutions, businesses and individuals to gain access into the relatively untapped market of blockchain. Undeniably blockchain technology has shown true potential as a tamper-proof audit for businesses, a decentralized market place for enterprises to leverage and just pure innovation for anyone with internet.
With Bexam, it really is unprecedented innovation, as business entities using the platform don't really have to bothered about their business information been displayed on the blockchain, and becoming accessible to the public. Companies using Bexam can have 80% of their hosted chain as private, making only 20% public. Basically Bexam solutions create a level ground for users to select from a range of choices that fits into their business profile. Either Public, Private, or Consortium chain, Bexam fluidity allows spontaneous integration eliminating the chances of glitches or interruptions within users pre-existing infrastructure.
In addition, business entities can utilize multiple chains and each chain although separate will perform as a single chain.
Welcome fellow cave people to the age of information, Nodes and simplicity. Bexam have you covered
Check out Bexam whitepaper to learn more about living outside the cave
https://bexam.io/pdf/BEXAM_Whitepaper_V4.0_3.pdf
Website: http://www.bexam.io
