INTRODUCTION
Internet Technology has proved over the years to be a helper of man interms of communication, research, data transfer and most especially economic transactions. So many ways and means has been imployed to maintain security and transparency in internet transactions, one of which includes through blockchain.
As a project that seeks to meet the demands of society in terms of transparency, scalability and high performance, is launched to the digital market Blockchain publishes "BUMO" whose purpose is to create a reliable business environment consisting of a set of tools that establish a network of global trust.
BUMO is focused on enhancing ease of transfer over various networks within the Internet of Things, fintech, and the social network industry. By connecting digital assets, smart devices and user data, BUMO will enable the true benefits of the digital economy to enhance people’s lives".
Public blockchain just as the name implies is an open source network which sends and receives transaction and leaves no one in charge. Examples of public blockchain includes bitcoin and litecoin.
BUMO VISION
Unlike most blockchain networks which encounters slow transactions, BUMO's vision lies in creating a network for ubiquitous value transfer (tokenization of any assets) ready for enterprises to use in high performance. vision to create a next generation blockchain for ubiquitous value transfer, which is ready for enterprises to use in high performance.
What are the key differences of BUMO?
BUMO offers economic stability in companies and dependability. Also, this platform provides choices for the management of its resources. BUMO opens new economic latitude, creating traffic for growth.
BUMO has high transaction speed and it allows their clients perform better.
Secure transfer of the value is so important as to ensure the trust of the adopters of the chain of blocks.
Smart contract:
In a digitized world, innovation is important and BUMO is part of it, offering the tokenization of all our assets, which we can exchange quickly, despite complying with the PoW, PoS, etc. protocols. BUMO successfully solves speed problems as well.
BUMO offers to be able to use any device as a node from which we can collect, transfer, send information in a secure way, security is important since it will be able to work with any kind of clients from those who handle public information to those who want their data to be maintained private.
BU TOKEN
According to Don Tapscott, Executive Director of the Blockchain Research Institute, the blockchain has become the "Internet of Value" and in my opinion it is the right thing to do. The tokens function as coins that have the potential to transfer their value to real objects or outside the chain of blocks, it is for this reason that the Bumo network works in the confidence of the network but also in the confidence of value circulation of transactions.The quantity of BU consumed as fuel in BUMO environment.And participating in BUMO community governance by holding onto BU.This BU can be acquired by active participation of development in the construction of it's ecosystm.By buying and selling between accounts in BUMO ALSO by acting as a validator and collecting transaction fee through gas. Etc.
Bumo Team
bumo2018