BUMO - Ubiquity meets Block-chain!
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The word "UBIQUITOUS" (which could also mean universal) is a recurring one as far as this project is concerned. Personally, I did a careful study to discover the most suitable synonym and finding none, I resolve to take an entirely different approach for my submission for this project and keep my article simple and short (concise), especially because I think it's unique and a ground breaking technology that has the capacity of establishing the expected reform among public chains.
BUMO, speaking from a solutions standpoint, I'd say is phenomenal and here to stay!
Block-chain and the "Internet of Things" IoT, has progressed over time to being the most innovative transaction technology ever discovered but it's not devoid of its own disadvantages:
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Lack of interface standardization, limited scalability, insufficient security, insufficient data collection, centralization and the increasing operation and maintenance costs.
Data
Interestingly, BUMO, through its formidable Team, has been built with all these shortcomings in mind, hence being a one-off solution...
I've done a tabular descriptive to make my point a lot easier to grasp:
| QUESTION | ANSWER |
|---|---|
| 1. Among so many public chains, what are the key differences of BUMO? | BUMO, Unlike other block-chain technologies allows users 100% right to their own data, also establishes an unrestrained trust atmosphere in system between the real and virtual world. |
| 2. For some large enterprises who have scalability, security and performance concerns about implementing blockchain, how do you think BUMO could help? | As already stated above, the issue of security especially of produced data has been well covered by BUMO, hence that shouldn't be a challenge. Scalability with BUMO, is endless too. |
| 3. Consensus (PoW, PoS, etc) is always a bottleneck for the transaction speed of a blockchain, how does BUMO solve it? | BUMO uses what is called an Improved Two-layer Consensus Protocol which is an innovative DPoS+BFT consensus algorithm built to improve transaction processing and serve diversified scenarios. This is a well-thought innovation. |
| 4. Why is secure transfer of value so important? | Because no one desires to lose their assets so cheaply. Security builds trust and longevity. |
| 5. In a digital world, how important is the security and speed of data? | The world has become a fast-moving space, everything happens within split-seconds. The digital world embodies advance tools that could be detrimental if not well utilized. Security and speed cannot be overemphasized, they're sure important as life! |
| 6. Since BUMO is not restricted to powerhouse computers to run nodes, how can this help mass adoption? | The best way to see this is to compare the ancient "Abacus Computers" with the contemporary mobile phones. The iPhone and Uber are ready cases that easily comes to mind - Simplicity, convenience and efficiency is a no-brainer! Adoption is sure, everyone loves convenience... |
In summary, I think BUMO is a worthy project that should thrive and gain massive adoption. I wish it gains more popularity or like it name follows, "be more UBIQUITOUS" over time...
Thanks for reading!
I hope you gained something new...
More Information:
Check out the contest post here
My Twitter post link: https://twitter.com/anohwonom/status/1052741946823847943?s=20
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