Source: BUMO Website
WHAT IS BUMO?
BUMO is a new project that aims to create the best network of trust with the best value that can flow in the network with such freedom and security, using the best existing intelligent equipment that is already circulating around the world.
BUMO seeks to focus on improving the transfer through many networks to make it easier to manipulate all this through the Internet, seeks to connect digital assets, user data and smart devices so that this entire network allows the good and true benefits of the economy digital and that BUMO improves the economy of people.
BUILDING OF BUMO
Firstly, BUMO is the trusted network for everyone, when this happens, the circulation of the value will be really credible and efficient so that everyone has the complete assurance that BUMO will be what everyone wants to manage in a Blockchain chain. All this belongs to the users and it is sought that each one has control over their own digital chain, which means that each user that is part of BUMO builds in turn the entire Blockchain network. With all this, the value will flow freely and the BUMO network will be that network of trust that everyone will talk about and it will be a system with 100% credible circulation values.
COMPOSITION OF THE BUMO NETWORK
BUMO is an autonomous and completely open network for all the digital world Blockchain, any intelligent device can join as a node to the network that is being created and can develop applications and ubiquitous networks on a large scale maintaining the circulation value in a joint way and in a way secure in the Blockchain network.
Source: BUMO Website
INCENTIVE MECHANISM
BU-Token (which we will call from now on BU) is a system that is incorporated in an encryption signal to measure and characterize digital economic activities in BUMO. It is necessary to pay a certain amount of BU for this Token to occupy a resource space in the Blockchain network that the user is building. Bumo allocates time to execute smart contracts based on the BU number.
INTELLIGENT CONTRACT
In BuContract, developers can customize the writing and reading of smart contracts so that higher applications can use them and those adjacent accounts can provide the client with the ability to access the data of the Blockchain chain developed. In turn, it operates data storage to initiate transactions that serve to interact with other contracts. They combine syntactic analysis and act as a smart contract execution environment to provide the logic that the application requires, it has a custom API and can interact flexibly with all external data.
Source: BUMO TechnicalPaper, Page 53
More information & Resources:
- BUMO Website
- BUMO WhitePaper
- BUMO TechnicalPaper
- BUMO Telegram
- BUMO Weibo
- BUMO Reddit
- BUMO Facebook
- BUMO Twitter
- BUMO Github
- BUMO Wallet
Twitter Link:
Annex my opinion of BUMO in a short video
~~~ embed:9CDmexUKYtc youtube ~~~
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