There are some websites that are also inaccessible in some countries. These sites have an IP blocking mechanism in place. At this point, we find an exploit over that site. To access the site as safe and secure, we need a dVPN network. This decentralized VPN service is going to be launched by our Beldex in the name of Belnet.
To overcome this issue, a centralized VPN service has been introduced. There we can hide our IP address and be able to access the internet from different locations all around the world or else we can choose a particular location…
Dapps stand for decentralized application. There’s very little difference between a centralized web, mobile, and desktop application and a decentralized one to an observer. Their interfaces, functionality, and their use-cases may resemble each other, but the one major difference is how they are built ground-up. Decentralized application runs on blockchain network
Decentralized systems do not have a central point of failure. They possess a distributed architecture and are supported by open-source blockchains. Your data is not under the control of one single entity. Instead, they are stored on distributed nodes on the network.
For an application to be considered DApp…
Privacy coins are simply coins that let you transact privately. Peer-to-peer transactions are not always private. With a public ledger like Bitcoin or Ethereum, transactions are open for the world to see. Anyone who knows your public address knows how much crypto you hold and where you’ve sent them. Privacy coins help address this problem by hiding 3 key information: the sender address, the receiver address, and the amount of transaction.
Beldex privacy coin utilises the Cryptonote privacy protocol to anonymize transactions. It uses three key elements of cryptonote namely,
Ring Signatures: Ring signatures are used to obfuscate the sender…
The Proof of Stake consensus mechanism was created by Sunny King and Scott Nadal in 2012. To answer what is POS, we must first know why there was a need for POS. Proof of Stake attempts in optimizing most of the major limitations found in the Proof of Work mechanism. POS doesn’t require heavy machinery to create and validate blocks.
POS is considered eco-friendly as its energy consumption is much less than that of POW consensus. For this reason, the coins use the POS consensus are considered ‘Green Coins.’ POS also gave rise to staking in crypto where one can…
Curious about what we did in the past week? Here’s a compilation of what happened at Beldex in the last week of May.
POS on Beldex: Testing of the POS Testnet is complete. Yes, the POS testnet is ready for launch and we welcome your suggestions for naming the Beldex POS testnet. It will be up soon; users can contribute by testing it and providing their feedback. Our next goal is to ensure that POS is implemented on a wider scale on the mainnet. Testing POS on the Beldex mainnet is underway.
New Mobile Wallet: The development of a new…
Note: To swap BDX for WBDX, you must have an account on either Trust Wallet or Metamask, or Binance Smart Chain wallet. These wallets support the BEP20 standard WBDX token. Add the browser extension of these wallets to your browser.
Prerequisite: Add the WBDX asset to your wallet
1. Open your Binance Smart Chain wallet browser extension and login to your wallet.
2. Once you’ve logged into your BSC wallet, click the (+) symbol at the bottom to add a new asset.
3. Now, select the ‘Custom Asset’ option to add WBDX using the WBDX contract address.
Launching Monday, 31 May, 2021.
Binance Smart Chain is one of the fastest-growing blockchain platforms today. The Binance Smart Chain (BSC) boasts around 180 projects listed on CoinMarketCap. The BSC ecosystem is compatible with the Ethereum Virtual Machine and has smart contract functionality, which is an ideal environment for Decentralized Applications (DAPPs) to thrive. With a 3 second block generation time, it is also faster than the Ethereum chain.
Many projects have transitioned to the BSC ecosystem. Thus, considering the benefits that the BSC ecosystem provides to the crypto space, and to make the Beldex chain interoperable with its counterparts…
10–15 May, 2021
The Beldex network currently functions on the CryptoNight Algorithm. To reduce costs associated with mining BDX, and to provide a sustainable, scalable, and privacy-enhanced version of Beldex (BDX), the consensus is being updated from POW to POS. Testing of POS on the Beldex main network is underway, and the POS testnet will soon be launched to the public. Our POS testnet code works on the mainnet.
Post the POS tesetnet launch, users can interact with the testnet of their own volition and provide feedback. We may also announce Bug bounty programs for developers who have a keen…
Beldex (BDX) is a privacy cryptocurrency that has been providing privacy and anonymity to its users since it launched in 2018. Its privacy is based on Monero and similar to Monero, it utilizes the CryptoNight protocol.
However, the Beldex review panel has been conducting extensive research into enhancing Beldex’s privacy. This research is focused on exponentially scaling the number of decoys in ring signature.
The research into technological advancements of the coin is proceeding albeit some impediment. However, the team has utilized the COVID-19 induced lockdown to productively into this research.
The first major technological advancement is implementing Proof-of-Stake (POS)…
Beldex is 100% safe. It is a project that emphasizes on individual safety and privacy. The Beldex coin is a privacy coin that has been in the top 10 privacy coins for over a year now. It has consistently ranked in the top 6 for the past 6 months. The data analysis and coin ranking website, CoinLore, has ranked Beldex as the 4th top privacy coin in September 2020.