What Is Beldex (BDX)?
Beldex is developing a decentralized, confidential ecosystem within Web3 to enable secure digital interactions. The idea for the project was conceived in 2018 and was launched that same year. Beldex is dedicated to improving user data protection and privacy online. BDX is the ecosystem's coin, designed to enable private transactions.
Beldex aims to create a secure environment where data can be exchanged with confidentiality. The project prioritizes individual safety and genuine data privacy, backed by ongoing research to ensure each transaction's confidentiality, thereby protecting users and securing their assets.
BDX functions on the Beldex decentralized blockchain for secure transactions. The ecosystem also supports a range of secure and private dApps, including BChat, BelNet, Beldex Browser, the Beldex protocol, and the Beldex bridge. Originally built on a Proof-of-Work (PoW) architecture, Beldex transitioned to a Proof-of-Stake (PoS) model to enhance the scalability of the BDX token, reduce fees, and speed up transaction times.
Who Are the Founders of Beldex?
Beldex was introduced in March 2018. The company is headed by Afanddy B. Hushni, an investor and crypto economist with two decades of experience in traditional finance. Hushni is the founder and chairman of Beldex. The co-founder is Mr. Kim, who serves as the CEO of Beldex and has extensive expertise working with confidential systems and cryptographic protocols.
What Makes Beldex (BDX) Unique?
Beldex tackles several privacy challenges in the crypto and Web3 sectors. The RingCT protocol ensures transaction confidentiality by obscuring sender information, and stealth addresses conceal the sender's or recipient's original address. Beldex further masks transaction details, like transfer amounts. With Ring signatures, confidential transactions, and a strong consensus algorithm, tracking network transactions is nearly impossible.
To operate a masternode on the network and validate transactions on the PoS Beldex blockchain, a user needs 10,000 BDX. Meeting this requirement grants the user the right to stake BDX and approve transactions.
The ecosystem enables cross-chain privacy and interoperability through the Beldex bridge, which connects to the BNB Smart Chain. To control the inflation of the BDX token, Beldex employs a coin burn mechanism, which burns fees from Flash transactions on the network. This mechanism also burns BNS fees, which are the costs paid by users to obtain BNS names and domains. BNS names and domains are private, decentralized domains within the Beldex network.
Beldex provides users with a range of dApps focusing on confidential, decentralized products, including an anonymous, private messenger called BChat, a confidential peer-to-peer VPN known as BelNet, and the Beldex Browser, which emphasizes confidentiality.
How Many Beldex (BDX) Coins Are There in Circulation?
Beldex has a maximum supply of 9,900,000,000 BDX, with 6,679,667,729 BDX in circulation as of now. Recent BDX token distribution is as follows: Ecosystem Development Wallet — 26.80%; Circulation — 67.21%; Seed & VC Funds — 2.16%; Marketing Funds — 0.17%; Team — 3.33%.
How Is the Beldex Network Secured?
The Beldex ecosystem incorporates built-in security features. The technology anonymizes transactions, addresses, data transfers, messages, and online footprints.
Beldex (BDX) was structured using technologies aimed at safeguarding user data privacy. In December 2021, the Beldex blockchain shifted from a PoW consensus mechanism to PoS to address future network scalability. Currently, Beldex operates on a PoS consensus algorithm that utilizes masternodes. This setup greatly enhances the network's functionality and scalability. Masternodes store historical copies of the blockchain, verify transactions, and ensure network security. They are operated by members of the Beldex community. As more masternodes are added, the reliability indicators of Beldex also improve.
Where Can You Buy Beldex (BDX)?
BDX can be purchased on several cryptocurrency exchange platforms, including KuCoin, Gate.io, MEXC, Coinsbit, KoinBX, and HitBTC.
Related Pages:
Install the CMC mobile app for real-time BDX price tracking.
Learn about Monero (XMR), the cryptocurrency BDX was forked from.
Discover more about Zcash (ZEC) and Dash (DASH).
Find out what decentralized applications (dApps) are with the CMC glossary.
