Every time our high-tech society tries to take a big step towards its bright future. Every day, hundreds of thousands of people work to improve our lives. Someone in the medical field, someone in science, who are developing advanced technologies to humanity. Each received information is data that can vary from each other according to their degree of importance. Some information we do not consider serious, and some information just has super-secret data, the security of which is above all.
That is why many firms and companies are concerned about the safe transfer of their data, as it is a matter of their "life and death". After all, the founders of such corporations like no other understand that if the chain of reliable data is broken, their business will collapse as a "house of cards". And you will not believe it, but this problem applies to almost all commercial businesses, enterprises, public services and other municipal organizations. All of them are worried about the protection of their data, so they try to protect them by buying expensive security systems. Each year, this amount in the US alone reaches almost $3 billion.
Moreover, even in the presence of immune function, many organizations are spending additionally, most of the time to verify the authenticity of those or other data. So for example:
- Many scientists spend up to 60% of their time to recheck or clarify certain organizational data;
- 50% of his time-wasting other employees that each time double-check or correct errors that are found in questionable data;
- and almost 75% of the time spent by employees of various firms to solve errors in the distribution of certain data.
Thus, we have seen once again that data protection and integrity is one of the biggest challenges of our century. And the saddest part of all this is that the centralized system is vulnerable and very expensive at the moment.
But more recently, a new technology has emerged that can solve most of the problems. And of course I'm talking about blockchain. It would seem that the technology can easily solve all the above problems with security, immutability and transparent data transfer. However, not all companies are ready to meet this technology with open arms, as it is still underdeveloped and has a number of nuances. Hence, the question: "how to choose only what you need from these two directions of the centralized and decentralized system?” At the same time to provide the three most important indicators: security, data transfer speed and scalability of the system. Over this question puzzled many experts and finally they found a way out of this situation. And I'm happy to talk to you about that today.
About the project
The project we will consider is called - BEXAM. The team of its founders consists of experts in various business areas for which the above problems are neither something far, but almost personal. Therefore, when developing this project, they clearly understood what they need to get in the end result. This is how the BEXAM platform was born, which combines the best qualities of blockchain technology and some aspects of the traditional system, while providing high-frequency operations at high speed and with proper security of data transmission.
All this became available thanks to the partnership with Early Works Co. Ltd., which developed for BEXAM a new algorithmic system based on consensus proof of rounds (POR). At the same time increasing the speed of data transfer in blocks of 0.2 to forty million transactions per second, without violating the three main factors: security, speed and scalability.
Design feature
To organize effective data transfer at such speed, the PoR structure was developed from four nodes, each of which is responsible for its own type of operation:
- The root node (RN) ensures the proper distribution of all transactions on the super nodes, thereby confirming its consent to the addition of data to the blockchain network;
- Master nodes (MN) confirm the requested transactions between the root and master nodes for further data transfer to other nodes;
- Super node (SN) confirms the final consistency of all nodes with the transaction and removes unnecessary operations;
- A normal node (NN) also helps to connect all the nodes together, acting as a conductor between them.
Thus, each node has its own task, the function of which it must perform. In this case, all nodes form a certain hierarchy.
The sequence of blocks is not chosen by chance, because in this order they can provide high speed and security of all transactions.
Advantages
Thus, the presence of nodes allows you to exclude additional hash calculations, the generation of which also takes time. Moreover, the BEXAM platform itself requires several times less energy consumption, which is so necessary for all blockchain projects. The amount of energy consumed does not depend on whether the network is overloaded with transactions or not.
The advantages of the BEXAM platform are not only its technical characteristics, efficiency, but also an individual solution that allows you to adapt the nodes for any type of business, which largely distinguishes this platform from other blockchain systems. That is, BEXAM appears before us as a limitless platform, the use of which is unlimited in any business areas.
The details of the ICO
In order for the platform lived and prospered developers intend BEXAM as the platform and BEXAM exchanges, issue its own token BXA. This token will participate in all internal transactions and serve as the main fuel for the further growth of the platform. Moreover, to increase the popularity and demand for BXA developers offered a 10% discount to all those who will use BXA tokens instead of Fiat as a calculation. The cost of one token is 1 BXA = 0.12 USD. In total, the developers intend to collect Hard Cap in the amount of 16,000,000 USD.
The distribution of tokens and funds is as follows:
Conclusion
It is important to note that BEXAM was created to a greater extent for enterprises, the main purpose of which is to improve the current situation with the protection and security of data transmission, as well as to keep up with the times. Therefore, with the advent of BEXAM, I think they will finally have such an opportunity, because the founders of this platform have tried 100%. After all, BEXAM's mission was to reduce the existing costs of various enterprises, while providing them with their flexible terms of cooperation and effective business tools.
But in order to understand the whole concept of BEXAM is not enough one short review, so I recommend you as always to study this kind of projects yourself in more detail, in order to understand the essence of the matter. And that at the same time you do not experience any difficulties, I picked up in advance you the most necessary list of links.
Official resources of the project BEXAM:
