BEXAM Startup Features Impressive Scalability, Possibly Leading to Mainstream Adoption of Blockchain
BEXAM is considered to be a hybrid platform, combining blockchain and DAG technology. Their efforts were originally meant to support the cryptocurrency market as the hybrid exchange, offering an algorithm like no other.
Basically, their efforts would make it possible to get the best aspects of decentralized and centralized platforms, tied into one. However, when they saw the response to their technology, they opted for a different path.
As BEXAM gravitated away from the exchange option, they started to focus on infrastructure. Their technology made it possible to deliver 0.2-second block times, with the potential for posting 40 million transactions per second.
Right now, there is a dilemma that BEXAM faces. If they choose to be a centralized platform, there are many security threats that could come their way. However, decentralized options are historically slow, sacrificing their scalability that gives them the advantage in the first place.
No matter what, BEXAM’s plan involves customized solutions for businesses, and believes in the potential of blockchain technology. The executives with the platform want to start with targeting the larger companies, having faith in the trickle-down effect for smaller brands to make blockchain more mainstream. As BEXAM said,
“Everyday uses of blockchain [will] emerge more and more.”
As they have rethought how to organize their company, they have ended up rebranded themselves in the process with a fresh website and an improved logo. The website features plenty of information about what can be expected from the company going forward.
In a blog post, BEXAM decided to explain the motivation for the changes, saying, “Exchanges were available left and right, and while our technology was definitely significant, there weren’t many other distinctive factors to put us above the rest of the competition. If we threw ourselves into the sea of exchanges, we would only get swept away and our technology’s potential would never truly be revealed.” Even with these changes, the company still aims to treat startups “with a similar philosophy and desire to build applications.”
The reason that this platform is able to reach such impressive speeds has to do with Proof of Rounds (PoR), which is their consensus algorithm. The algorithm processes the blocks in chronological order, rather than randomly or based on hierarchy of nodes. It also uses node productivity as a way to assign various jobs to those nodes.
Based on the whitepaper published by BEXAM, “DAG” is an abbreviation for “directed acyclic graph.” The network structure for this type of technology orders that
“the number of nodes in each layer increases automatically, allowing information to be transmitted without major speed reduction.”
For enterprises to cover the cost of network usage and transactions on the platform, BEXAM will introduce their token – BXA. The private sale of this token is scheduled to go from November 19th to November 29th. The public IEO sale has yet to be announced, but BEXAM sales that it will be soon.