📢 Beldex Project Series Part 6 / Comparison with Privacy Coins, Monero, Zcash, and Beldex
▪️ In fact, privacy coins have consistently been a focus in the blockchain industry.
▪️ However, due to regulatory and technical constraints, not all projects have achieved the same results.
▪️ So, what differentiated strategy does Beldex @beldex adopt compared to existing privacy coins?
1. Monero (XMR)
▪️ Technology: Ring Signature, RingCT, Bulletproofs
▪️ Strengths: Sets the highest standard for transaction anonymity
▪️ Weaknesses: Regulatory pressure due to high anonymity, lack of scalability
Monero is synonymous with "privacy coins," but its ecosystem expansion is limited and it faces significant regulatory risks.
2. Zcash (ZEC)
▪️ Technology: Zero-Knowledge Proofs (zk-SNARKs)
▪️ Strengths: Selective privacy --> Ability to choose between public/private transactions
▪️ Weaknesses: Complexity of zk technology and high computational costs, lack of user-friendliness
Zcash has made technological advancements, but the structure requiring users to choose their privacy status is seen as a limitation.
3. Beldex (BDX)
▪️ Technology: Monero-based technology with its own improvements (Ring Signature + Bulletproofs)
▪️ Strengths: Privacy payments + DApp ecosystem expansion (BChat, Browser, etc.)
▪️ Differentiation: Aims to be a privacy-focused Web3 infrastructure rather than just a simple remittance coin.
In other words, while Monero and Zcash focused solely on "transaction privacy," Beldex differentiates itself by aiming to build a privacy ecosystem across the entire internet.
4. Points from an Investor's Perspective
▪️ Monero and Zcash are vulnerable to regulatory risks.
▪️ Beldex secures broader adoption potential by combining privacy and utility.
--> However, there is still no clear guidance on how utility usage addresses regulatory elements.
In summary, Beldex aims to overcome the limitations of existing privacy coins and provide a comprehensive privacy infrastructure that extends from "transactions --> communication --> web browsing --> DApps."
📢 Beldex Project Series Part 5 / The Link Between Masternode Structure, Network, and Investor Benefits
▪️ The stability and scalability of a blockchain network do not solely depend on technology.
▪️ The incentive structure for participants who maintain the network and ensure security is of utmost importance. This may seem like an obvious statement, but~
▪️ Beldex adopts a Masternode system to connect investors with the network.
1. What is a Masternode?
▪️ A core operator of the network beyond the role of a miner
▪️ Performs key roles such as transaction validation, network security, and enhancing privacy features
▪️ Must deposit a certain amount of BDX to operate
▪️ In other words, a Masternode is an operational structure based on long-term commitment.
2. How Beldex Masternodes Operate
▪️ Deposit Condition: Lock up a certain amount of BDX to open a masternode
▪️ Reward Structure: Regular distribution of a portion of transaction fees and block rewards
▪️ Privacy Contribution: Routes traffic for ecosystem services like BChat and Browser
▪️ A contribution-based investment method directly linked to network growth along with token holding.
3. Advantages of Operating a Masternode
▪️ Stable Rewards: Continuous BDX rewards when operating a Masternode
▪️ Passive Income: An attractive long-term profit structure
▪️ Value Increase Accompanying Network Growth: As ecosystem traffic increases, the value of rewards also rises.
Masternodes are designed to provide a "continuous cash flow (token flow)."
The above node operation method is more reasonably viewed as a universal method being implemented in many projects rather than a unique system of Beldex!
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