Beldex priceBDX

What Is Beldex (BDX)?

Beldex is a decentralized ecosystem of privacy-first dApps that prioritize user privacy. The idea for the project was conceptualized back in 2017, with the ICO being announced in the spring of 2018 and the exchange being launched by the end of 2019. Beldex remains dedicated to improving online privacy, with BDX serving as a privacy coin and utility token.

What Is The Mission of Beldex (BDX)?

Beldex is dedicated to creating a secure and private environment for exchanging data. The project prioritizes individual safety and true privacy by conducting systematic research to ensure the privacy of each transaction. The safety of users and the security of their funds are of utmost importance. BDX is the privacy coin and utility token that operates on the Beldex decentralized blockchain, offering secure and anonymous peer-to-peer (P2P) transactions. The ecosystem supports a variety of secure and confidential dApps, including BChat, BelNet, Beldex Browser, the Beldex privacy protocol, and the Beldex bridge. Initially developed on a PoW architecture, Beldex integrated PoS to enhance the scalability of the BDX token, lower fees, and reduce transaction times.

Who Are the Founders of Beldex?

Beldex International, led by the experienced investor and crypto economist Afanddy B. Hushni, launched in March 2018. Kim, the CEO of Beldex, has extensive knowledge in privacy systems and cryptographic protocols. The project's core team includes Codeman-Crypto (cc) as the CTO of Beldex, Ziau as the CMO of Beldex, and Sanada Yukimura as the blockchain architect at Beldex.

What Makes Beldex (BDX) Unique?

Beldex offers solutions to the privacy and anonymity issues in the crypto industry through its advanced features. The RingCT protocol ensures transaction confidentiality, disguising sender and recipient addresses and transaction details, including the transfer amount. With ring signatures and the hashing algorithm, CryptoNight, network transactions are highly untraceable.

To validate transactions on the proof-of-stake (PoS) Beldex blockchain and launch a masternode, a user must possess 10,000 BDX. By meeting this requirement, a user gains the ability to stake BDX and verify transactions.

The ecosystem of Beldex also supports cross-chain anonymity and interoperability through the Beldex bridge, which is already integrated with BNB Smart Chain.

In order to control inflation of the BDX token, Beldex employs a coin burn mechanism, which also involves Flash transactions carried out on the second layer of the blockchain. Beldex offers its users a range of dApps that prioritize confidentiality, decentralized products such as the anonymous private messenger BChat, the private P2P VPN BelNet, and the private Beldex Browser.

How Is the Beldex Network Secured?

Beldex is a privacy-focused ecosystem that comes equipped with advanced security features to safeguard users. Its technology ensures that transactions, addresses, data transfers, messages, and online activities remain anonymous.

BDX is a fork of Monero (XMR) that integrates PrivateSend from Dash (DASH), ViewKey from Zcash (ZEC), and proprietary privacy technology. In December 2021, Beldex migrated from Proof-of-Work (PoW) to Proof-of-Stake (PoS) to resolve scalability issues.

Currently, Beldex uses the CryptoNight algorithm (developed within the CryptoNote protocol) and has masternodes that play an essential role in enhancing functionality and scaling. Masternodes store copies of the blockchain, validate transactions, and ensure network security. As the number of masternodes increases, so does the reliability of Beldex.

Beldex (BDX) Price Prediction

It is predicted that Beldex's value will rise to $0.11 by the end of 2025, with an increase of 232.86%. The prevailing technical indicators suggest a bearish sentiment, with the Fear Greed Index at 16.42, indicating extreme fear.