Beldex (www.beldex.io) is a leading private-ecosystem with a privacy coin (Beldex coin - BDX) and the world’s first Islamic-compliant Beldex exchange.
Beldex International’s Chairman Mr. Afanddy Bin Hushni has announced that the Beldex network will be undergoing a major upgrade to a full Proof-of-Stake (POS) network in 2021.—
Speaking about the project, he said,
“Privacy is and will always be at the forefront of what we do. Our mission is to develop a private ecosystem that unilaterally provides privacy to everyone. In the short-term, we have our goals set on improving ASIC resistance, anonymity, and scalability by changing the network’s consensus from Proof-of-Work to Proof-of-Stake. In the long-term, we’re working towards building a private ecosystem that can withstand large-scale adoption.”
He further confirmed that the network will be making its transition from the current hybrid chain to a full Proof-of-Stake (POS) blockchain by Q4 2021. This transition, he reveals, is prominently aimed at scaling the network and reducing congestion by 50%, which in turn will result in an increase in transaction throughput by 2X.
Beldex is reportedly in the development of a decentralized and anonymous messaging application, the third piece of the puzzle that adds to its private ecosystem. The first two being the privacy coin BDX, and the Beldex exchange. The messaging application will let users send and receive messages privately by leveraging the Beldex blockchain.
Mr. Afanddy also gave a quick account of the future of the Beldex ecosystem. He said that the messenger will be complemented by BeldexNet, a private network that will anonymously route internet traffic, over which other decentralized applications (MnApps) can also be built, thus providing the BDX coin and its holders more use-cases, utility, and real-world value.
Further down the timeline, Beldex reveals that it has planned to release a DEX wallet for the iOS and Android platforms and bridge the Beldex Chain to other blockchains, providing cross-chain interoperability with wrappable BDX.
Sanada Yukimura, Head-EMEA, said that the project team is adopting rigorous development and growth on the Beldex exchange front. The exchange has amassed more than 1 million users within a year of its inception, he claims. Last week, the exchange’s Android and iOS trading applications went live, propelling the growth streak.
Elaborating on their expansion policy for 2021, he said:
“By Q1 2021, we expect to launch the Beldex launchpad and partner with exceptional utility tokens, NFTs, and DeFi tokens that are disrupting the crypto ecosystem. The crypto space is undergoing a rapid change, with banks, governments, institutions, and even long-time crypto opponents entering the game. So we wish to ramp up our pace to accommodate ourselves to the growing demand and make Beldex one of the top 10 exchanges. We can get there because we got the fundamentals down. We have a strong community backing us. All that’s left is aggressive expansion.”
Stating about the exchange’s upcoming cloud solution, he further added, "We are crypto proponents and committed to helping the crypto economy grow. To aid new exchanges that wish to enter the market on low capital, we will be introducing Beldex cloud. Beldex cloud will be our goal for the second quarter of 2021. Beldex powered cloud solution aims to create a standard for crypto exchanges and help new exchanges transition from development to production stage within a week. With the power of our lightning-fast matching engine and high liquidity, we ensure the free flow of assets, while providing uncompromising, high-end security,"
Name: Afanddy B Hushni
Email: Send Email
Organization: Beldex International Limited OU
Address: Harju Maakond, Tallinn, Lasnamae linnaosa, Punane tn 56, 13619 Estonia
Release ID: 88987145