Bumo: The ease experienced in transfer of values

in cryptocurrency •  6 years ago  (edited)

Introduction

Bumo is seen to be a platform that enables transfer of values to be swift and efficient without any central authority with the total utilization of smart contract. It aims at formulating a technical trust network for easy transfer of values to be communicated from one party to another. Bumo is concerned in promoting an era of block chain that eradicates ubiquity in transfer of values.People can send values at the snap of their fingers without wasting much time and money. But Internet can only complete a transfer with the presence of a centralized authority. This centralized authority enables the transfer from one person to another totally complete. This is where the inefficiencies lies, where a central authority with their regulations and charges be the finisher of transfers. We are heading to a world where users can operate their own financial and accounting processes, where banks accounts can be adjusted at the palm of ones hand and decisions, so the idea of central authority has made the technology to be limited but block chain technology solves that issue where we don't need an intermediary permission before sending values. Internet made problems looked like ignorance by the people, because it solved the problem and difficulties in transferring values from one party to another where a value can be distributed in a blink of an eye, why is it like this? Because ownership is not done through central authorities but by parties involved which makes direct transfer possible. Well, Bumo is that platform which uses block chain to transfer values from one party to another.
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Benefits of BUMO:

Little or no skill needed to write a BuContract.Contract tempaltes available for different industries’ classification.Online editing and debugging tools are available to enable developers to write and debug contracts effectively and efficiently.Low learning costs for users that want to develop BuContracts (JavaScript, which a one of the popular programming languages can be used to develop BuContracts).High transaction speed per seconds (up to 10,000)
Increased scalability.Digitization of any type of assets.Friendly way to develop smart contracts.Intelligent, effective and efficient IoT value chain.It aims at formulating a technical trust network for easy transfer of values to be communicated from one party to another. Bumo is concerned in promoting an era of block chain that eradicates ubiquity in transfer of values.

BuContract (BUMO Contract):

The BuContract refers to smart contracts that are based on the BUMO Network. The BuContract ensures that real world and blockchain values are exchanged in two instantaneous ways. First way is that the provider of the data would pay some BU-tokens as deposit to maintain his contract. Here, there is an executable time for every transaction which is depended on the quantity of BU-token. Bumo developer have made it possible for smart contract to gain accessibility to data and information the block chain like account update of users.
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Bumo Network

Bumo causes no barrier for the physical world to have a touch with the digital world. It create a free space to which this two facets is been agreed upon to work together. Any nodes or device or digital tool can join bumo network with no conditions or barriers to join.

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.

BUMO is different from the others?

BUMO is the new project that allows both common users and users who represent a company to make transactions quickly, easily and safely. In addition to giving us a great comfort since it is possible to use it from any device either tablet, cell phone, computer, etc.A unique benefit of BUMO is to allow users to sell their assets as tokens which can be tangible assets or intangible assets.Another of its great features is that you do not need a high-end computer for itsuseas it can be used in any intelligent device making everything much more convenient and practical.The enormous speed it has is also a feature to highlight, currently many blockchains have the habit of being slow and also somewhat tedious but BUMO solves this problem with 10,000 transactions per second that can stand.

BU Explorer

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BU- Token

This is the platform token that is used to manage and scale the economic activities on the platform.But the BU's most important function is that it act as the "gas" that for the BUMO network. The network also uses the BU as incentives for node validators, and an integral factor in the inner workings of the network.

BUMO team

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Partners And Investors

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https://twitter.com/jeniferEva2/status/1052053577613471744

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