Belifex

When we started developing Belifex (BEFX) in April 2019, we were driven by theideaof redefining the entire ecosystem involving cryptocurrency. We have seen manycryptocurrencies suffering to fulfil their promises and unable to set their own deadlines in the context of privacy, transparency, and users that can control their own date and contributions.

While we dove deeper into the technical and development process, we identified a number of critical unresolved issues in the cryptocurrency and blockchain technologies and we chose to conduct additional research and development.

Today, we are not just redefining the blockchain ecosystem, but the entire blockchain and cryptocurrency landscape through our platforms.

This was done by utilizing the peer-to-peer system, smart contracts,Ethereumbackedblockchain technology and Hash keys.

The last five years of the digital age has seen an unprecedented rise in the number of blockchain technologies and millions of investors seem to want a big slice of thepie. Most entrepreneurs resorted to mining bitcoins but as of today the mining market ismonopolized by big companies with the resources to achieve coins in a very short period of time.

The forking of bitcoin into bitcoin cash shed light on areas in the cryptoworld that still need work. The main problem and concern being security and transactionspeed. In recent years bitcoin exchanges took a beating from hackers, who compromisedmillions of bitcoin accounts. Not to mention the forking of bitcoin due to too manytransactions taking place for one system to handle.

Belifex blockchain is a blockchain database that supports community building andsocial interactions while using the BEFX blockchain to handle rewards. Belifex blockchain will use the contributions it receives to grow its base and reach a wider community.

BEFX tokens will use blockchain technology from Ethereum ERC20. The blockchaintechnology adopted will be used for transactions, audits, accounting, database, GASand communications.