Review on Beldex by Ogulnar Annamuhammedova

Beldex (BDX) - aims to create a complete crypto ecosystem. He created his own coin based on the Cryptonight protocol with master nodes. He is also setting up his own cryptocurrency exchange where the Beldex coin will act as the platform's currency.

Beldex coin transactions are based on improvised Cryptonote protocol. One-of-Many Proof (RingCT) is used to obfuscate the sender, while email addresses are used to protect the identity of the recipient. Beldex RingCT uses 10 transaction inputs and outputs. Thus, the original input and output can be verified as a whole, but the input and output of the sender remains confidential. On the other hand, ring signatures lock the key image associated with the transaction, so they allow a transaction to be verified without the sender's private key.



Privacy coins use a number of privacy-preserving techniques to anonymize transactions, but have difficulty in scalability. Beldex Coin uses new techniques like POS to address scalability issues and achieve truly private transactions.



Safe Masternodes



Masternodes are the backbone of the Beldex network. Masternodes are complete nodes that store an entire copy of the blockchain, validate every transaction, and help secure the network. The larger the number of masternodes, the stronger the network. A large number of Beldex masternode owners are members of its community, while Beldex also partners with Evonodes shared masternode pools for passive staking.



BELDEX Coin uses RingXT technology and uses Cryptonight POW hashing algorithm. BELDEX aims to offer the benefits of a decentralized exchange - ndash; as personal security of your funds and centralized exchange functions & ndash; how high speed & nbsp; and fast order matching.



Beldex's private messenger, BChat, is an anonymous and decentralized messenger. With the Beldex encrypted messaging app, you can protect your messages and their associated metadata.



BDX is a low satoshi masternode cryptocurrency and therefore has a very low block or entry threshold for setting up a masternode.



You can earn BDX rewards by betting on masternodes. The network is currently supported by masternodes and miners. Once the full POS is implemented, the network will be 100% masternode supported. Masternode and POS betting allows validators to protect the network while incentivizing them. Anyone can place a BDX bet and become a validator by setting up a dedicated masternode or placing a bet on Beldex's shared masternode pools.