BEXAM: AN INNOVATIVE BLOCKCHAIN AND DAG HYBRID PLATFORM
INTRODUCTION
The advent of crytptocurrecny and the blockchain technology for about 10 years now has attracted a lot of projects in different sectors of the global economy. Cryptocurrec ncies serve the functions just as Fiat. Over the last 10years the market has witnessed a huge market capitalization according to statistics. So many enterprises and organizations tend to leverage on the unique features of blockchain to enhance transparency, Decentralization, low cost of financial transactions, security features, trust as well as Efficiency of their businesses.
However, Irrespective of these disruptive features and advantages of the blockchain and cryptocmurrency it is difficult to attract mass adoption as only a few percentage of the global population accept and adopt the use of this digital currencies. The reason for this low level of adoption is simply due to the fact that there is little or no real life usage of most of these cryptocurrenccies and in most cases no platform to easily Exchange them with Fiat currencies. This and more are the reasons for the creation of BEXAM .
THE CREATION OF BEXAM
The team of seasoned professionals and experience men and women that make up Bexam developing team have considered the factors affection mass adoption of cryptocurrencies and the blockchain . Therefore they decided to design BEXAM as a unique platform with an innovative technology that is aimed at creating the long awaited use cases of crytpocurrencies in business transactions globally. This is good news and a dream come true for crypto lovers and investors
Interestingly, BEXAM main aim is to offer a change of system from the old centralized databases to a new and innovative decentralized database leveraging on the blockchain technology thereby providing solutions to enterprises.
DISTINCTIVE FEATURES OF BEXAM
BEXAM is designed with great features that will, in addition to being a simple payment system create an enabling platform where businesses can strive using cryptocurrencies and the blockchian technology. Some of those unique features include:
i. Highly secure: with BEXAM secure network most businesses will be trusted and able to render credible services.
- High level of scalability in operations: the level of scalability of BEXAM is second to none and ready to revolutionize the old and non scalable business databases.
- High speed of transactions: Bexam is designed carry transaction globally with a speed of light.
PROBLEMS AFFECTING EXISTING DATABASES WHICH BEXAM HAS BEEN DESIGNED TO SOLVE.
- Lack of appropriate security measures: Due to inadequate technology that is able to provide high level of security in the old database, they are easily exposed to attack by cyber hackers who gain access and steal some information.
- Inaccurate Data/information: Due to the fact that the old database is centralized and encourages the activities of middle men as intermediaries, therefore information can easily be altered.
- Difficulty in recovering information/ data: with the old business databases, it is difficult to track and recover any loss data.
- High cost of maintenance: the old business databases are very expensive to manage. Since manpower is required, it makes the cost of maintaining the data base to be relatively high.
- complicated system which requires the skill of a professional to operate.
THE SOLUTIONS AND UNIQUE FEATURES THAT DIFFERENTIATES BEXAM FROM OLD DATABASES.
BEXAM is created as to provide blockchian solutions for businesses with high transactions; therefore it is designed with unique advantages including:
- Operate in multiple platforms: with Bexam so many businesses can have use cases.
- Unchanged: with the high level of technology involved in Bexam platform, the data cannot not be altered as they are cryptographically protected. .
- Bexam is designed with a multi layer protocol which protects the platform against attack by either cyber hackers or viruses.
- With Bexam platform, there are no issues with server.
- Bexam is built on the blockchain with the use of smart contract, there is no need for manpower related expenses as such the cost of maintenance is relatively low.
- Bexam is designed with a user friendly interface that allows for easy operation.
- Bexam is designed with PoR which has 3 unique features namely: approval of transactions by permutation method, assigning roles according to nodes, and effective and efficient distribution of information distribution.
CONCLUSION
I will like so say here that the idea behind the creation of BEXAM is a unique idea that will not only facilitate the acceptance of cryptocurrencies as means of payment for businesses but will also increase the use case thereby leading to mass adoption of the blockchain technology .The outstanding team, high level of security, credibility and innovative technology backing this project are indications that this will be a project of the year.
For more information please visit the following links
Website: https://bexam.io/
White paper: https://bexam.io/pdf/BEXAM_Whitepaper_V4.0_3.pdf
Telegram: https://t.me/joinchat/HSOophGd4wk_jTd1NqC2GQ
Twitter: https://twitter.com/BEXAM_official
Bountyox username : nesbee
Eth address: 0xc75534DEd4fd4796aa215A96e8E89EC58DfCF78e
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