Bumo: The blockchain technology everyone should know about!
Bumo
ubiquitous trust network for new generation of value.
Why is bumo different from other public chains?
Bump gives you opportunity to build your own application without depth knowledge about the technology world, it let's users master their digital ownership.
Increased scalability and increased performance as 10,000 transaction can be perform in one second unlike other public chains where we have few dozens of transactions per second.
For some large enterprises who have scalability, security and performance concerns about implementing blockchain, how do you think BUMO could help?
I will use a case scenario to answer this question.
Mr Godson CEO of lightspeed group of companies asked his blockchain adviser why he should adopt the new Bumo blockchain and Mr Steve ( the blockchain adviser) gives his reasons
- The company gets to open a multisig account that can be run by three or more personal and the CEO has more weightage than the others.
- The company gets to use trailer system for large scale data for data efficiency and having data both on-line and Off-line data
- Fast and reliable transactions, ability to be able to perform 10,000 transactions per seconds
Mr Godson cut his adviser short, he was so excited he could wait to hear more of what he could do with Buma blockchain and the next thing he said was can we start already?
Consensus (PoW, PoS, etc) is always a bottleneck for the transaction speed of a blockchain, how does BUMO solve it?
Bumo solve this problem with BU fireworks.
How BU firework works?
by creating a two layer multichain consensus algorithm, which generates a set of validation nodes for the main chain by voting according to the DPOS and then generates blocks by the selected validation nodes through achieving higher transactions
Why is secure transfer of value is so important?
Secure transfer if value is so important so as to secure trust from the adopters of the blockchain, to promote continuity, more space for new comers and to create more awareness about the blockchain technology.
In a digital world, how important is the security and speed of data?
It's very important so as to avoid legal actions,
For profitability
To built trust
For efficiency and high performance
To reduce downtime also.
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