The purpose of Bumo is build a unique blockchain network that will enable ease of asset transfer. This cannot be achieved without with use of smart devices, also known as IoTs, to improve accessibility and transactions. Bumo realized early enough that gateway between reality and block chain is smart device. Therefore there is a great effort in connecting these devices to the blockchain, thereby creating better economy on the blockchain.
A blockchain with 10,000 TPS (transaction pee second) is a force to reckon with in the industry. This is an evidence that we are at the point of having enterprise grade blockchain which can support large commercial activities without reaching it threshold.
Transfer of Value
Without ability to transfer value easily, cheaply, securely and fast, the entire existence of the blockchain is in jeopardy. Before arrival of the blockchain, the internet has advanced to a stage where value can be transferred with a second, but in a centralized manner, because there are institutions that serves as middlemen. For blockchain to go mainstream, adopters must enjoy the benefit of fast transaction together with decentralization.
Without much ado, Bumo is a public blockchain that is several steps ahead of others in areas of speed, security, performance. Join the robust network and enjoy what other blockchains would not offer.
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