BEXAM is built on a new consensus-building algorithm called Proof of Rounds. PoR reconciles high speed and scalability with high security. Our next generation blockchain technology finally meets the specifications required for the implementation of blockchain into core centralized systems of large-scale businesses. Currently, enterprises are faced with the dilemma of choosing between centralized, yet vulnerable systems or decentralized, yet sluggish platforms. While the security provided by blockchain is alluring to enterprises around the world, the current technology’s speed and scalability constraints force such businesses to continue using their vulnerable, centralized systems. We reconcile the benefits of each sector in order to create a practical and superior solution, the BEXAM platform. The significant capabilities of our platform mean we can create tailor-made solutions for enterprise-level businesses.
Speed, Security, Scalability:
A flexible chain structure and a node hierarchy with assigned roles, BEXAM, through the Proof of Rounds algorithm, is capable of reaching unprecedented block times of 0.2s and 40 million TPS.
The process for approving and appending new blocks to an existing blockchain is established by a consensus-building algorithm such as PoW, PoS, PoC, or PoA and executed through nodes that calculate the hash value based on established conditions.
In contrast, the new consensus-building algorithm known as PoR establishes which nodes will approve transactions in advance, and the sequence of approval of these node groups awaiting approval is decided in order of priority. Since each node approves transactions in this sequence, this completely eliminates the need to calculate hash values and removes the restriction of time needed to randomly choose, which has greatly improved processing speed.
The order of priority that determines the sequence of these approval nodes is calculated using the following factors.
-Number of successful transaction approvals
Both of the above factors can be calculated by referring to past blockchain data. In this way, it is possible for any node to maintain impartiality regarding sequence because information is mutually distributed.
However, it is not hard to imagine that a major improvement in approval speed is a trade-off with security, and this is in fact true.
For example, the permutation of approval nodes can result in the approval nodes being specified, allowing malicious approvals. Furthermore, the elimination of nonces eliminates complicated operations, which allows transactions to be generated conveniently and manipulated more easily.
$12 810 000
$19 440 000
BEXAM is the next generation blockchain/DAG hybrid platform. Nowadays, businesses are still operating under vulnerable centralized networks due to the lack of adoptable technology solutions that can handle millions of transactions. BEXAM provides the first-ever solution to blockchainize large-scale enterprise databases for more secure, high-speed, and scalable operations.
BEXAM provides the first practical blockchain solution for high-transaction businesses. Its technology opens the door for mass adoption of blockchain technology by giving industry-leading companies access to a new ‘blockchain protected’ business model. This makes the project viable and I would invest in it.