What Is BUMO?
Bumo is a new digital blockchain technology network used to digitize virtual assets and also house the value of these assets as well. They aims at integrating the use of smart devices, the internet of things and the social network.
The Vision
The core vision of the platform is to establish a new blockchain based network and ecosystem where there is a wide range of different digital assets and public applications are also commonly used.
How does BUMO Digital Asset Network For Ubiquitous Value Transfer Works
The BUMO digital network is open to all users and any internet enabled device and run in an autonomous fashion. Users are allowed to add any device to the network. The purpose is to create a joint network that operates on easy maintenance, app development and value circulation with the purpose of creating authentic machine trust.
Why secure transfer of value is so important?
Technology has extremely evolved and value/asset storage has changed from the age where we store money in holes to using banks and now through a decentralized platform. Assets stored on The clouds are prone to hacks and frauds. But Bumo solves this through the use of the blockchain which is safe, secure and scalable.
Addressing security and performance
The platform uses a BCP consensus algorithm in order to ensure transactions throughout the platform can support scalability and security. And through the use of the cross-train protocol, users are guaranteed high levels of scalability is easy as ever. This is said to be due to the zero-knowledge proof that protects all virtual assets.
The system operates through the use of smart contracts. Digital property is circulated for free throughout the blockchain network. Any avenue whether institutions or individuals, can easily participate in the post circulation of digital properties. The change of using a socialized dissemination rather than a single control system is said to improve virtual property circulation.
Users can build their own contracts, use different DApps and make complex environments to easily improve their work and non-work environments. Tokens are used to fuel the network give a wide variety of different protocols for distribution. The provision of an asset certification agreement will make it easy for tokens to be used and reused or simply stored in the easy to use wallet, so that users can have total and complete control of their assets.
The platform easily connects digital assets smart devices and users. The purpose of Bumo is to be completely integrate itself across multiple industries through the use of smart contract and a complete ecosystem of linked systems through which value/assets can flow freely.
Conclusion
Bumo mixes the internet of things technology which is used to support access of several different types of smart devices. There are low technology requirements, so the network can be used by many different people.
It operates with simple devices like phones, tablets and routers. And with the needed equipment being just a secondary requirement to manage digital assets, users can manage and realize a wide range of different transactions, contracts and services. While at the same time, applications can be used to create relationships between users and services providers.
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