What is BUMO

Source

BUMO is a next-generation commercial category block chain for ubiquitous and reliable value transfer, which aims to create a decentralized application ecosystem with broad digital confidence, free-flow value and public exchange applications.
BUMO wants companies that implement it can use a chain of next-generation blocks for ubiquitous value transfer and thus have a high performance.
The ubiquitous value transfer allows all assets to be tokenized in an easy way as well as encourages communities to grow within the blockchain by creating local currencies and giving value to any asset they wish. It also encourages members to propose ideas to obtain funds and vote on ideas.

Why is safe transfer of value so important?

BUMO knows that this is important for its users, knowing that their assets and securities are safe generate greater confidence."Synchronization of multiple node ledgers supports multi-asset aggregation management, offline transaction signature and joint signature account control, meeting user demands in various scenarios and creating a secure, easy-to-use blockchain wallet client."values are being transferred from one place to another fastly and freely in BUMO where smart contract is the link through which transfer can be made. This is as fast and efficient as transferring information.current blockchain mining are controlled by some particular miners which contradicts the attributes of decentralization. This shows a centra authority. But BUMO tend to correct this, where BUMO allows the update of blockchain to be considered. Bumo allow users to establish and launch any dapps even without a technical knowledge about the particular dapp.

How Does It Work? What Are The Key Differences Of BUMO?

Basically BUMO differs from other blockchain because :
BUMO allows any asset to be tokenized and users can easily access their projects and contribute ideas about them, allowing the community to grow within the blockchain and its transaction speed makes it one of the fastest within the ecosystem of crypto currencies.
The economic stability and confidence it offers to companies and users in general allows there to be exponential growth of the network and the customers perform better giving value to their economy.
Trust is the most important thing within the users of the blockchain.
Bumo has a double layer consensus protocol that allows homogeneous and heterogeneous interaction between several blockchains and the most important thing is scalable.

Why BUMO And What Does It Offer?

The great advantage of BUMO is that it allows the tokenization of any asset! Based on the infrastructure of the public chain BUMO, all assets can be tokenized, regardless of whether they are Loyalty Points, Gaming Points, Insurance, Financial Assets, or even some Fixed Assets or Assets of Reality, which extend the scope of assets in circulation. Easy to transfer, and allows these values to be distributed freely throughout the world and in different chains.

As BUMO Provides Security And Speed To The Participants, Why Is This Important?

Every day there are more people and companies that use the data transfer network making this a growing business, to generate trust in the users because many of them have their investments, savings, money in the currencies of the digital world, the main thing that they look for in a network of transfers as BUMO is security in their transactions, it is important that each transfer is as safe as possible and BUMO has a very secure network system, each device can be a participant that contributes to the maintenance of the network, development of application, creation of value

Source

How Can Massive Adoption Help That BUMO Is Not Restricted To Powerful Computers?

One of the most important qualities of BUMO is that it is not restricted to the powerful computers to run a node and makes mining more just by eliminating the centralization of mining, making it available to ordinary people with smart devices such as young people, students, office worker, etc., causing BUMO to be massively adopted making this an advantage for BUMO because the more massive it is, the more efficient, safer, faster, and better performing

Fireworks BUMO: The 2-layer multiple-chain consensus system

Source

At this time, Bitcoin is using the consensus mechanism of "Test Work" (POW), while Ethereum eventually wishes to pass the stake test through the Casper protocol. The problem with POW and POS is that it requires the approval of most of the nodes that are in the system, that does not help scalability.
For this reason NEO, EOS and Cardano have used a consensus mechanism based on the leader, where few validators selected from all the nodes are selected and are responsible for the general consensus of the system.
BUMO has chosen this route by creating a multiple-chain consensus algorithm for the main chain by voting according to the DPoS and then generating blocks by the selected validation nodes through the improved BFT algorithm, thus achieving higher performance of transactions, scalability, and security. They are calling this the "BU Firework".

Smart contract

Something that is very fashionable these days is the use of Smart contract since it offers multiple benefits, BUMO also offers a smart contract modality:
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.

BUMO Team

Source

BUMO Partner

Source

More Information & Resources:

• BUMO Website
• BUMO WhitePaper
• BUMO Telegram
• BUMO Twitter
• BUMO Wallet

Here is a link to the contest

bumo2018