BUMO: A faster and cheaper way to circulate data
Technology is evolving and this has affected the blockchain both positively and negatively.
Positively, with the use of technology, transactions are now being carried out without seeing the buyse/seller, and it is very fast.
Unfortunately, just like we have the advantages of using BUMO, we equally have the disadvantages and one of which is the fact that it is not very reliable as some expert hackers have the ability to hack and hijact data.
BUMO is definitely the solution yo this, as not only is it very reliable, it is a platform that operates very fast and is very transparent.
In order to achieve this, it should be noted that it relies on machines which are ever present and is connected to various parts.
It makes use of various nodes which perform various things. Some nodes we have are:
Node: This is widespread, and it is active everywhere on the globe.
Validating Nodes: Not only does this work as the one that administers and functions as the one that keeps account, it also gets commissioned after a transaction.
Candidate Nodes: This type of node is selected and chosen either as an option, or it can happen by chance.
Tokens
They perform the role of coins which have the ability to be able to pass their data outside the blockchain.
It should be noted that with BUMO, the transactions would definitely require little skill and efforts, and it would be extremely fast (definitely faster than expected)
Then security wise, transactions are guaranteed as not only would transactions not be lost, hackers would definitely find it very difficult to penetrate.
Some of the benefits of using BUMO
transferring of assets is obtainable without any payment.
There would be effectiveness while it is executing programming languages.
-Maintaining the network would be at a very low rate.
- There would be an opportunity to share different applications to others.
Bumo2018
https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-bumo
This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
There is also a bonus CateredContent Event to earn additional Steem!
You can also follow @contestbot to be notified of future contests!