What is Beldex Flash
Crypto transactions are increasing by the day as more and more people become aware of it. Security, privacy, decentralization and the increasing cryptocurrency prices are what drive this adoption. Though blockchain transactions offer high levels of privacy and security, one major concurrent issue is the longer transaction time and skyrocketing fees. Currently, on the Ethereum network, your transaction can take a few minutes upto an hour to be processed. If you opt to pay a higher fee, you can get it processed sooner. This inturn drives up the fees. There were instances where transactional fees shot up to almost $60-$100 in USD. Cryptocurrency transactions usually take a few minutes. They are unable to compete with centralized payment processors. Thus their real-world applications become limited. People want fast crypto transactions. To overcome these issues, we are glad to develop Beldex instant transaction flash for the transaction of Beldex coins. Your wait is over. Go with our flash instant transaction to save your time and money at the same time, it also increases anonymity, transaction security, and scalability too.
How does flash work?
So here comes our flash. When John tries to send Harry 100 BDX from his wallet, the second layer transaction is created. John’s transaction will send to randomly selected Beldex masternodes instead of sending it to the anonymous transaction pool. This second layer of the transaction is free to check the particular transaction and complete it in a flash of a second as the name suggests. It checks whether the transaction is valid or not. After the approval, John’s 100 BDX will transfer to Harry’s wallet. Then the flash transaction will create a key for this transaction and this key will be sent to the pool to create a blockchain second layer transaction and it will be added to the Beldex blockchain.
Advantages of Flash:
- Can make transactions at once.
- Transaction fees are reduced.
- Scalability value is increased.
- Security is higher than normal transactions.
Privacy is our priority