INTRODUCTION
BUMO is the new blockchain technology that is based on the future of public business categories, for the execution of securities transfers in an omnipresent way reliably and quickly. The purpose of which is to create an ecosystem of decentralized applications in a public way.BUMO is a cutting edge business classification square chain for omnipresent and dependable esteem exchange, which expects to make a decentralized application biological community with wide advanced certainty, free-stream esteem and open trade applications. Which gives a certainty and security to the client taking in wellbeing standards of the equivalent. When I broke down Todo doca de bumo, I was pondering how to make something other than what's expected yet imaginative, Something that individuals not just point out their utilization notwithstanding its inner substance.According to the BUMO team, it is aiming to create a decentralized application ecosystem which will encompass DPoS+BFT consensus algorithm for two- layer multiple chains, which is supposed to streamline transaction processing. BUMO is also trying to bridge different main chains into an inter-chain. The system will be able to connect both homogeneous and heterogeneous blockchains. BUMO builds an internet infrastructure that can move value around through core technologies like BU Firework, BU Orbits, BU Canal and BU which are BUMO's ledger structures.
Benefits
- This network is based on the trust in being ubiquitous, that is, omnipresent so it will be present everywhere. In maintenance all its nodes are involved and the best part is that users have all the right over their data.
- Speaking of the digital world, the reliability of the link between the real and the virtual is generated, with the omnipresent online flow.
- Because the applications are ubiquitous, it can be said that the digital identity is reliable, offering a good tokenization protocol, transfer of values, decentralized transactions, in-dapp exchange, etc.
Intelligent devices can generate data and therefore create value · BUMO wants to act as a universal, digital book, enabling this data to be traded seamlessly Will eliminate fragmented communication protocols between different devices Will eliminate high costs of network maintenance Will eliminate fears born of lack of trust via illicit nodes on the network
IMPORTANCE OF SECURITY AND DATA SPEED
It’s critical that transfer of data can be carried out swiftly and efficiently. Slow network speeds ensure organisations cannot function optimally, and this will ensure that they will be put off by the services on chain, and will prefer traditional solutions.
To be sustainable and grow, security features as well as data speed need to be at their best. The blockchain is basically dependent on these.
Non-restriction to powerhouse computers to act as nodes ensures that more devices can be added to the network, which effectively means that the network can become an ubiquitous trust network more quickly, ensuring that value transfer can be carried out even more efficiently. This is also critical for the building of BUMO’s network.
It also reduces the entry point, and ensures that not only big organisations can benefit from this, but just about anyone with an intelligent smart device.
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Trailer System for Larger Scale Data
The beauty of this blockchain is that comprises of a Trailer system which stores heavier and complex forms of data with its differential storage mechanism called "Trailer" - this system will differentiate the data into off-chain data (data that is stored off the blockchain) and on-chain data (data that is stored on the blockchain).
Bumo Firework
This is why BUMO has chosen BUMO Firework by creating a two layer multi-chain consensus algorithm, which generates a set of validation nodes for the main chain and then generates blocks by the selected validation nodes - this will help achieve higher transaction throughput, scalability and security - Those bottlenecks of other blockchains are eliminated thorough the use of BU Firework.
Interoperability Feature
When a block of the cross chain is validated, the data of its blockchain is stored on the main chain. The main chain posseses several cross chains just like the traditional network system, which route data from different blockchains to the targeted blockchain. This enables the main chain to communicate with cross chains for easy transaction and transfer information and data.
USE CASE
As the need of their service grows, they are looking for ways to see how they can meet the needs of their customers more efficiently, and also send requested data securely and freely, without any encumbrances.
By researching and stumbling on BUMO, they are able to achieve what they seek, without being hindered by slow speeds and latency.
They can also focus on their core purpose, which is providing data to their numerous clients seeing BUMO ensures that they do not have any reason to worry.
Partners and Investors of BUMO
Team
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Bumo2018
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