Blockchain has truly eaten into various aspects technology-wise and by so doing been able to gain it's way into many fields~a core technology of the internet of value, blockchain has been gaining traction in all fields.
Despite the fact that the commercial ecosystem of blockchain technology is developing continuously, it still has many hurdles to jump.
Blockchain platforms is still confronted with the issue of being able to allow only a relatively small number of transactions.
_*let's take for example Ethereum and Bitcoin, who happens to be the two major players in this field. They can only complete 30-40 and 7 transactions per second respectively, which is a far cry from the actual demands in business.
Also not forgetting EOS, which does performs more deals but has an unstable network for network operations.
So how can we realize a stable network while ensuring high TPS?
This is where BUMO comes in!!
It has laid a plan to address the tricky problem through technological means
BUMO is a next-generation commercial-grade public Blockchain for ubiquitous and trusted value transfer, which is aimed to build a decentralized application ecosystem featured with extensive digital trust, free-flowing value and public-sharing apps.
BUMO is indeed the next generation of commercial basic public block chain. It sole aim is to redefine and build a very solid ubiquitous network based on trust when it comes to value circulation.
With its commitment to building an environment of extensive digital trust, free circulation of value and public sharing application amongst businesses.
BUMO, by adopting
• Innovative consensus algorithm for two-layer multiple chains.
• Two-layer Polymorphic Architecture for Multi-child Blockchain.
• Inter-Chain for Routing Value across Blockchains
• Developer-friendly Smart Contract.
Would help in possessing a more technical advantage in stability performance while improving scalability and addressing issue of isolated state of value. This is said to be due to the zero-knowledge proof that protects all virtual assets
And also with BUMO’s released figure of TPS is 2000-3000, which can satisfy the needs from common scenarios of all sorts. Through a sharing ecosystem, BUMO has plans to address the problem of great difficulty for application developing, via on-chain governance, token-economy and interconnected applications.
With an attractive ecosystem consisting exchanges, wallets and API for third-party developers, individuals would be in no doubt attracted to Bumo.
On BUMO, Users are allowed to add any device to the network so as to create a joint network that operates on easy maintenance, app development and value circulation while creating an authentic machine trust.
The system operates through the use of smart contracts with Digital property been able to be circulated for free throughout the blockchain network.
The unique part about BUMO is that Users could build their own contracts, use different DApps and make their own complex environments to make it easy for their work and non-work environments.
Tokens are used to fuel the network give a wide variety of different protocols for distribution. Tokens are easily used and reused due to the provision of an asset certification agreement. The asset also makes it easy to store token for easy use in wallet, so that users can have absolute control of their assets.
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.
For more information and resources..
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Twitter link~https://mobile.twitter.com/dahtDude_Ruona/status/1052343984633376769
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