Bexam is a next generation hybrid blockchain platform that is fast, scalable and secure.

Bexam uses a new type of consensus mechanism called "Proof Of Rounds". The biggest advantages are high speed and scalability without having to compromise on security. Which are 2 problems that most current blockchains face. Blockchain technology is very secure but scalability and speed has always been a big issue with blockchains that use the proof of work consensus algorithm.  Bexam is solving this problem by using a hybrid approach. 

How does it work? 

Most blockchains use POW or POS/POA as distributed ledger technology. They both have their advantages and disadvantages while Bexam is trying to get best of both worlds by their hybrid approach. 

• Proof of work: very secure but not scalable and slow
• Proof of stake/proof of authority: not so secure as pow but very fast and scalable
• Proof of rounds: fast, scalable and secure

This hybrid approach works by having different types of nodes in the network that all have their own specific roles and hierarchy and work together in finding consensus. This way you can achieve a higher efficiency than when all nodes are treated equal by the network, a lot of computing resources are wasted that way. 

Learn more about it in the Proof of rounds whitepaper: https://bexam.io/pdf/PoR_WP_ver4.1.pdf

What are the advantages of Proof of rounds? 

• Very high transaction speeds are possible. It only takes 0.2 seconds before your transaction is verified. That's very fast when you compare it with blockchains as bitcoin, where it takes longer than 10 minutes on average before your transaction is verified. 
• Bexam is very scalable. Up to 40 000 000 transactions can be processed per second. That's makes it even more scalable than the network of big corporations like Visa or Paypal. 
• No more time lag during transactions, information volume is always distributed in the same way independent of the size of your network. Which makes it very tamper resistant.

Where can you use Bexam for? 

Most people see blockchain currently as a way to make payments because they associate it with bitcoin but it's more than just that. Blockchain is basically a type of database but unlike a normal centralized database, it works decentralized. The biggest advantages of blockchain are the security and trust benefits. 

As an enterprise, you can implement Bexam blockchain in your business instead of using a regular centralized database. This gives you the following advantages:

• No more server downtime, your business is always online.
• Offer very high security to your customers. Since a single entity can't make changes to the blockchain it's a very hacking proof type of database. The multi layer protocols offer a solid protection against outside and inside attacks. All information is cryptographically secured, which ensures the integrity of your customers.
• Very user friendly since the network can also process at high speeds and is scalable. Perfectly suitable when you process a lot of transactions with your business.
• Low transaction fees make it financially interesting. You also don't have to pay anymore for a centralized server.

Want to know more about BEXAM or participate? Here you can find more information:

The official website of BEXAM: https://bexam.io/

Whitepaper: https://bexam.io/pdf/BEXAM_Whitepaper_V4.0_3.pdf

Twitter profile: https://twitter.com/BEXAM_official

This article is no financial advise and i'm not a registered financial adviser. Do you own due diligence before making any kind of an investment.

(My Bounty0x username: @niel96)