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.
PROS:
- BEXAM uses the Proof of Rounds algorithm, which has 3 unique characteristics: 1) approval of transactions by permutations; 2) optimization of processes by assigning roles using a node hierarchy; 3) construction of a unique network that distributes information efficiently. These methodologies together build an ultra-high speed and safe network structure in comparison with other existing consensus-building algorithms.
- To distribute information evenly and efficiently, PoR arranges nodes in a hierarchal, annular manner. This structure includes four types of nodes: Normal Nodes (NN), Super Nodes (SN), Master Nodes (MN), and the Root Node (RN). This methodology enables flexible scalability of the network. Furthermore, unlike many other blockchain platforms, BEXAM can offer tailored solutions through an assignment of nodes, with specifications, based upon a business’s needs.
- In order to operate the BEXAM platform, Super Nodes and Master Nodes need CPU power. Since BEXAM does not rely on complicated calculations for block appending, the system will not require excessive amounts of electricity consumed by other blockchains nor does it affect the platform's performance.
- With BEXAM’s 0.2s block time and 40 million TPS, implementation of blockchain becomes a reality for businesses everywhere. By building tailor-made blockchain networks for enterprises on BEXAM’s platform, BEXAM hopes to unravel the possibilities of a blockchain.
- Directed Acyclic Graph (DAG). The key technology behind BEXAM that allows this stability and scalability is DAG – it automatically increases the number of nodes in each layer, thereby allowing information to be transmitted without any speed reduction.
- The BEXAM Exchange will be the first iteration of BEXAM’s capabilities and will provide a secure and stress-free user experience. Ultra-high-speed cryptocurrency exchange platform.
- The BXA token will be used as the fundamental means of transacting within the BEXAM platform. These uses include: forming enterprise PoR networks and/or paying transaction fees; master Node and Super Node staking and rewarding; functional cryptocurrency for both platform and exchange.
- Referral program: a 5% bonus BXA amount will be awarded to the referrer. In addition to this purchasing bonus, the referrer will also receive a 20% bonuses from their referee's applicable trading fees done through the BEXAM Exchange.
- BEXAM will offer two types of wallets with the user having a choice on how they want to manage their assets. This is called Dual Wallet Option Protocol, which was designed with users' safety in mind.
- BEXAM’s focus is not to become a simple payment solution, but rather to provide solutions for enterprises in an effort to partially or completely replace their centralized databases with blockchain solutions. The BEXAM team has come from all sectors in the business world and understands these issues personally.
- The white paper of the project is highly informative and presents all the necessary data in a clear and logical way. The team has also designed the one-pager and a special white paper for its unique Proof of Rounds algorithm.
CONS:
- The platform white paper is strictly available in English limiting the involvement of people who do not understand the language.
- Although BEXAM account creation and maintenance will be free, all actions on the BEXAM exchange will be accompanied by a certain fee payment.
- There is a possibility that the token sale and the BXA token could be affected by regulatory measures, including potential limitations, regarding the ownership, use, or possession of such tokens.
- Participating in the token sale carries substantial risks that accompany the acquisition, storage, and transfer of the BXA toke.
- BEXAM team isn't able to make any promises regarding the future business performance or price of the BXA token.
SUGGESTIONS:
- Engage qualified staff to translate the document into other languages.
- Reduce the amount of existing fees, to make the BEXAM platform more user-friendly.
- Develop a platform and its token to provide users with certain guarantees in the future.
NOTE:
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.
