A platform offering 40 m TPS has found the key to mainstream Blockchain adoption?


A blockchain / DAG hybrid platform has unveiled bold plans to entice companies to use its technology – and states that its "unprecedented speed, scalability and security" has the potential to benefit companies that run a high frequency of transactions.

Initially BEXAM intended to serve the cryptocurrency market as a hybrid exchange that used a unique algorithm to offer the best features of centralized and decentralized platforms.

However, the startup decided to redefine its proposal after receiving positive feedback on its technology, moving away from the congested congestion sector to capitalize on its infrastructure, which offers blocking time of 0.2 seconds and can manage about 40 million transactions per second.

The BEXAM team states that, at the moment, companies have faced an unfortunate dilemma. Opting for a centralized platform means running the risk of being exposed to security vulnerabilities, but decentralized alternatives have had the disadvantage of being slow – with low speeds and lack of scalability that make them impractical for use on a level important.

Explaining his logic

BEXAM plans to offer tailor-made solutions for companies at the corporate level and firmly believes that blockchain has the potential to become the beating heart of the leading company.

Its leaders believe that targeting larger companies will create a relapse effect where the blockchain becomes increasingly relevant. By exposing more entrepreneurs to their potential and testing what technology has to offer, BEXAM thinks about the relevant and everyday uses of blockchain [will] emerge more and more. "

A rethinking of its organization has led to a rebranding: with a new logo and an updated website that informs visitors of its goals for the future.

Explaining the courageous decision to move away from his original plans, the company wrote in a blog post: "Exchanges were available left and right, and while our technology was very significant, there were not many other distinctive factors that put us above the rest of the competition.

"If we threw ourselves into the sea of ​​trade, we would be swept away and the potential of our technology would never really be revealed."

Despite the change in focus, BEXAM emphasizes that it will welcome startups "with a similar philosophy and desire to create applications" using its platform.

A unique network structure

According to the company, the vertiginous speeds that the BEXAM network is able to achieve are due to a consensus algorithm known as Proof of Rounds (PoR), developed by a team of Japanese engineers.

The PoR algorithm of BEXAM generates blocks in order instead of random and functions based on a hierarchy of main nodes, super nodes and normal nodes. It also optimizes node productivity as a result of allocating hierarchical jobs / specializations to nodes.

DAG stands for "direct acyclic graph" and, according to the BEXAM white paper, the network structure of this distinctive technology means that "the number of nodes in each layer increases automatically, allowing the transmission of information without a significant reduction in speed" .

BEXAM has provided a table that compares the maximum number of transactions per second that it can manage with other systems. While Bitcoin is able to manage 7 TPS and Ethereum musters 20 – with traditional rivals such as PayPal and VISA that manage respectively 450 and 56,000 TPS – the BEXAM algorithm can manage 40 million.

The Proof of Rounds algorithm was devised by a development company known as Early Works, and BEXAM has an exclusive partnership agreement to build a platform based on this concept.

A token that is native to the BEXAM ecosystem, known as BXA, will serve as a way for businesses to pay network usage fees and transaction fees.

A sale of private tokens for BXA will be held from 19 to 29 November, with a public sale of IEO to be announced shortly.

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