Article Summary, Automatically Generated By AI
About Beldex
Key Points:
- Launched in 2018, Beldex is a privacy-based ecosystem of decentralized applications (dApps).
- BDX is a privacy coin and utility token.
- Mission: provide a private environment for secure data exchange.
- Operates on the Beldex decentralized blockchain for secure and anonymous peer-to-peer (P2P) transactions.
Founders:
- Afanddy B. Hushni (Founder and Chairman of Beldex International)
- Kim (CEO of Beldex)
- Codeman-Crypto (CTO of Beldex)</li
About Beldex: Empowering Privacy and Freedom in the Digital Age
Introducing Beldex (BDX): A Revolutionary Cryptocurrency
Beldex is a pioneering ecosystem of decentralized applications (dApps) that prioritize user privacy above all else. Conceived in 2017, the project’s ICO was announced in the spring of 2018, culminating in the launch of its exchange in late 2019. At its core, the Beldex project is dedicated to safeguarding online privacy. The BDX token serves as both a privacy-centric coin and a utility token, empowering users to take control of their digital footprint.
Beldex is committed to fostering a secure environment where data can be exchanged with confidentiality. The project’s primary focus is on safeguarding individual privacy, with rigorous research dedicated to ensuring the confidentiality of individual transactions, thereby prioritizing the safety of users and the security of their assets.
BDX operates on the Beldex decentralized blockchain, facilitating secure and anonymous peer-to-peer (P2P) transactions with utmost confidentiality. The ecosystem supports a diverse range of secure and confidential decentralized applications (dApps), including BChat, BelNet, Beldex Browser, the Beldex privacy protocol, and the Beldex bridge. Initially, Beldex was developed on a proof-of-work (PoW) architecture, which was subsequently integrated with proof-of-stake (PoS) to enhance the scalability of the BDX token, reduce transaction fees, and accelerate transaction times.
The Visionary Founders Behind Beldex
Beldex embarked on its journey in March 2018, under the visionary leadership of Afanddy B. Hushni, a seasoned investor and crypto economist with a distinguished 20-year tenure in traditional finance. As the founder and chairman of Beldex International, Hushni brings a wealth of expertise to the helm.
The co-founder and CEO of Beldex, Kim, boasts an impressive background in privacy systems and cryptographic protocols. The project’s core team comprises a trio of experts: Codeman-Crypto (cc), who serves as Beldex’s CTO; Ziau, the company’s CMO; and Sanada Yukimura, the blockchain architect behind Beldex’s innovative solutions.
Unveiling the Unparalleled Attributes of Beldex (BDX)
Beldex tackles some of the pressing privacy and anonymity concerns in the cryptocurrency realm through its innovative features. The RingCT protocol ensures the confidentiality of transactions, cleverly concealing sender and recipient addresses, as well as other transaction details, including the transfer amount. By leveraging RingCT, ring signatures, and the robust hashing algorithm, CryptoNight, network transactions become virtually untraceable.
To participate in the validation of transactions on the proof-of-stake (PoS) Beldex blockchain and operate a masternode, a minimum of 10,000 BDX is required. By meeting this prerequisite, users earn the privilege of staking their BDX and verifying transactions on the network.
The ecosystem facilitates seamless cross-chain anonymity and interoperability, courtesy of the Beldex bridge, which has already been successfully integrated with the BNB Smart Chain.
To mitigate the risk of BDX token inflation, Beldex employs a coin burn mechanism, which is complemented by Flash transactions executed on the blockchain’s second layer. Furthermore, Beldex provides its users with a suite of decentralized applications (dApps) that prioritize confidentiality, including an anonymous private messenger, BChat, a private peer-to-peer VPN, BelNet, and a private Beldex Browser.
The Circulating Supply of Beldex (BDX) Coins: An Overview
Beldex boasts a maximum supply of 9,900,000,000 BDX, with a circulating supply of 5,329,258,963.95 BDX at the time of writing. The tokenomics of BDX are allocated as follows: 40% for Ecosystem Development, 30% for Circulation, 10% for Seed & VC Funds, 10% for Marketing Funds, 6% for the Team, 2% for Exchange Liquidity, 1% for Legal Operations, and 1% for Early Adopters.
The Beldex Network’s Robust Security Framework: A Comprehensive Overview
Beldex constitutes a privacy-centric ecosystem, boasting inherent security features that effectively anonymize transactions, addresses, data transmissions, messages, and online footprints.
Beldex (BDX) was conceived as a fork of Monero (XMR), incorporating the
Dash (DASH) privacy protocol, PrivateSend, and the Zcash (ZEC) feature, ViewKey,
while introducing its own proprietary privacy technology. In December 2021,
the Beldex blockchain underwent a significant transformation, transitioning from
a Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS), thereby
addressing the pressing issue of scalability.
Presently, Beldex operates on the foundation of the CryptoNight algorithm, which is an integral component of the CryptoNote protocol, and is bolstered by masternodes that make a substantial contribution to its functionality and scalability. These masternodes, which are essentially a decentralized network of community-driven nodes, store replicas of the blockchain, validate transactions, and provide an additional layer of network security. As the number of masternodes grows, so too do the reliability indicators of Beldex, underscoring the pivotal role that community members play in the ecosystem.
Where to Acquire Beldex (BDX) Cryptocurrency
You can acquire BDX on a multitude of reputable cryptocurrency exchange platforms, including KuCoin, Gate.io, MEXC, Coinsbit, KoinBX, Hotbit, and HitBTC, among others.
Stay ahead of the curve with the CMC mobile app, providing real-time price tracking for BDX.
Associated Resources:
Delve into the world of Monero (XMR), the pioneering cryptocurrency that laid the foundation for the creation of BDX through a fork.
Delve into the world of Zcash (ZEC) and Dash (DASH), two pioneering cryptocurrencies that have made a significant impact in the digital landscape.
Delve into the realm of privacy coins, expertly explained by CMC Alexandria.
Discover the essence of decentralized applications (dApps) with our comprehensive CMC glossary.