Description
BUMO is a next-generation commercial-grade public Blockchain for ubiquitous and trusted value transfer, which aims to build a decentralized application ecosystem featured with extensive digital trust, free-flowing value, and public-sharing apps. The core of BUMO's infrastructure is a two-layer blockchain model composed of the main chain and sub-chains, which facilitate not only a high degree of scalability and throughput but also interoperability among different chains. This design enables various industries, organizations, and developers to create decentralized applications (DApps) with a focus on inclusiveness and interconnectedness. BUMO's network utilizes a consensus mechanism known as BU Firework, an innovative variation of Proof of Stake (PoS), to ensure secure and efficient validation of transactions. It also features a unique token economy designed to foster participation, contribution, and fair distribution. The native token, BU, serves various network functions, including transaction fees, consensus deposit, and incentives. Significantly, BUMO emphasizes cross-chain compatibility, allowing for seamless value exchange and information flow between BUMO and external bloc...
BUMO is a next-generation commercial-grade public Blockchain for ubiquitous and trusted value transfer, which aims to build a decentralized application ecosystem featured with extensive digital trust, free-flowing value, and public-sharing apps. The core of BUMO's infrastructure is a two-layer blockchain model composed of the main chain and sub-chains, which facilitate not only a high degree of scalability and throughput but also interoperability among different chains. This design enables various industries, organizations, and developers to create decentralized applications (DApps) with a focus on inclusiveness and interconnectedness. BUMO's network utilizes a consensus mechanism known as BU Firework, an innovative variation of Proof of Stake (PoS), to ensure secure and efficient validation of transactions. It also features a unique token economy designed to foster participation, contribution, and fair distribution. The native token, BU, serves various network functions, including transaction fees, consensus deposit, and incentives. Significantly, BUMO emphasizes cross-chain compatibility, allowing for seamless value exchange and information flow between BUMO and external bloc...
