Hey there, if your reading this, most likely you know a little or alot about crypto-currencys and the idea of a decentralized block-chain as a whole.
Let me give you a quick rundown on the vision with "Bumo" and its purpose/impact on the blockchains as a whole, and you might pick-up on the way what i mean because in all honesty your reading this either out of self-esteem or your just curios that doesn't know the specifics.
Bumo!
(If you don't intent to read much, skip to 1.2)
1.1
The Giant in the meadows?
For a long time even before the "Bumo" project even started, there were already attempts to make a fair transaction(Solely to the platform) system and is successful, which effectively a platform such as "Bittrex". A user will be able to withdraw which will send funds out of "Bittrex" and possibly if you want to your steemit account.
The concept of currencies having this universal log book of accounts but at the same time being decentralized is one of the greatest but forgotten achievements of the block-chain as a whole.
So what exactly is the vision of "Bumo"?
To make a easy,user friendly and especially fair transferring system for the traders! If you have noticed if you ever traded between platforms atleast once, you would notice that to get your funds out of steemit you would most likely use "Blocktrades" which will take a chip(small percentage) of your transaction. After that your funds are moved, but you should be aware that the platform you just transferred your funds to have different rules, which simply to say.
Makes the entire process, less appetizing.
Anyway that's all i can say, for now. If your confused just forget what i said and just imagine a entity better than blocktrades.
Thank you to the "Bumo Team" for sponsoring this contest.
Here is a link to the website of "Bumo!"
https://www.bumo.io/
And here is a link to the contest of
https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-bumo
bumo2018