Introduction

Since the emergence of the blockchain a new technological era was born with decentralization, but despite the fact that new projects are born every day the blockchain has not reached its growth potential or its massive adoption. This is due to limitations such as: the speed of their transactions, the high consumption of energy by mining, the high costs of creation, integration and promotion of the product, in other words, it needs highly qualified personnel that is scarce and costly, these limitations like others are the reasons why the blockchain has not been overcrowded.

Bumo was born to take the first step for the integration of the blockchain system in an easy, simple and economical way. Bumo is the first decentralized platform whose objective is to create a trust network where the value can flow with as much freedom as the information, using the intelligent devices that are already present all over the world.

With Bumo, a jump to the new generation of the block chain is created by creating the ubiquitous value transfer, which is ready for companies to use in high performance.

Bumo allows the tokenization of any asset.

What is Bumo and how is it different from other platforms in the blockchain?

Bumo is a decentralized project whose objective is to create a trust network in which value can flow with as much freedom as information, using smart devices that are already present in the world.

Bumo focuses on improving the ease of transfer through various networks within the internet. By connecting digital assets, smart devices and user data, Bumo will allow the true benefits of the digital economy to improve people's lives.

With Bumo, users and companies can make transactions (10,000 per second) faster, more reliable and safer than any other blockchain network. In addition to having easy-to-use design templates for easy deployment of electronic application. This will allow companies and users to reduce costs in application development as well as infrastructure because smart devices act as nodes in the network.

Bumo's vision is to create the next generation of block chains for ubiquitous value transfer which is a global network for asset tokenization, in other words, with Bumo the transfer of data between all connected devices is ensured.

This data can represent a value in the form of information, and since all the nodes can transfer information among themselves, the value of the information is easily distributed through the network of nodes. Therefore, the potential of the network is infinite.

For all this Bumo surpasses other platforms within the blockchain.

BUMO - The Evolution in Fairness

One of the problems of the blockchain is the centralization of mining, there are great powers that control the power of mining creating monopolies which breaks the spirit of decentralization and gives control of the chain to these monopolies.

With Bumo this does not happen because the validation nodes are chosen through a lottery, with this a fair decentralization method is created where the block chain can be updated with many IoT devices that it hopes to connect.

Network Composition

Any IoT device can be a participant in the Bumo environment. All the nodes can contribute in the network to maintenance, to the development of applications and to the creation of value.

The roles of network participants are:
• Node: any smart device connected to the network.
• Candidate Nodes: all Bumo nodes can request to be candidates; A certain number of enabled nodes are selected by a random lottery to become validation nodes.
• Validating Nodes: These are the winning candidate nodes that are responsible for resource management and network accounting; These nodes charge network transaction fees.
The more computers connected to the most ubiquitous and transparent network is the network.

Incentive System and Smart Contract

Bumo uses the token BU called the "gas" costs of the network.

These costs are composed in:
• Storage and network rates - according to type of transaction and size.
• Calculation of fees - based on the weight of computing resources.

These rewards are adjusted continuously thanks to the gas adjustment algorithm, when the participants vote in the network.

Source: BUMO TechnicalPaper, Page 53

The BuVM (Bumo virtual machine) is where the intelligent Bumo contracts are executed. BuVM is where users who do not have knowledge of application development can take the different templates of the platform and create their own high-level applications.

Bucontract is a means to allow Bumo's intelligent contracts to be implemented in common programming languages saving users learning new languages and giving the platform the advantage of knowing the proven efficiency of these programming languages. It will also support C / C ++, Python and other WebAssembly languages.

Innovating and Facilitating the Massive Adoption of the Blockchain.

Bumo launches on the blockchain revolutionizing the way companies and users connect to networks by creating the ubiquitous value transfer where all smart devices are used as nodes to transfer value, plus the speed of transfers will be higher to the Ethereum and Bitcoin networks.

Bumo will allow for the creation of Dapp languages commonly used by the majority of developers and advanced languages for those more experienced developers, it will also provide users or companies that do not have computer knowledge templates to create their own functional and proven applications. By saving both companies and infrastructure users by not needing powerful computational servers for their applications, they can spend more money developing their products.

All this opens a range of possibilities for both companies and experienced individuals or can not access the platform and create their Dapp, creating their own tokens and developing their products within the platform successfully.

With Bumo the speed of the transference, scalability and security are guaranteed making it easier for individuals and companies to create their Dapps, giving rise to more companies joining and adopting the use of the blockchain by Bumo.

BU Token

The value of the Bu token is based on two factors:
• The amount of BU (gas) consumed in the network.
• The ability to stay in the government of the Bumo community by keeping BU.

Use-Case

Paul has a small clothing sales company, his business is growing rapidly and he urgently needs to create an application that allows him to sell and make transactions quickly and safely.

Paul went to a software company, but the cost of creating an application is very high in addition to the computer equipment that must be purchased to keep the application running.

Paul felt very frustrated until he found Bumo, there he found a fast, reliable and secure solution to create an application that will fit his needs without having to hire an application developer, because on the platform he had the templates he needed to create His Dapp and did not need to spend on computer equipment.

Paul now has his application at a reasonable cost and his company grows successfully.

Final Considerations:

Thanks to Bumo the adoption of the blockchain is now easier thanks to the creation of ubiquitous value transfer, where any intelligent device in the world can be a node.

For companies or individuals, creating a Dapp is now easier thanks to the templates that the platform has to create the application you need or not have knowledge in programming.

Bumo offers greater transfer speed, scalability and security than any other platform.

For these reasons Bumo revolutionizes the Dapps