What Is Beldex (BDX)? Beldex is building a decentralized confidential ecosystem in Web3 to enable secure digital interactions. Developed and launched in 2018, the Beldex project is dedicated to enhancing user data protection and maintaining online confidentiality. BDX serves as an ecosystem coin facilitating confidential transactions. Beldex's mission is to create a confidential environment for secure data exchange. The project prioritizes individual safety and authentic data confidentiality through systematic research, ensuring the privacy of transactions and safeguarding user funds. BDX operates on the Beldex decentralized blockchain, enabling secure transactions. The ecosystem supports secure and confidential dApps, including BChat, BelNet, Beldex Browser, the Beldex protocol, and the Beldex bridge. Initially based on a PoW architecture, Beldex transitioned to a PoS consensus model to enhance the scalability of the BDX token, reduce transaction fees, and lower transaction times. Who Are the Founders of Beldex? Beldex was launched in March 2018 and is led by Afanddy B. Hushni, an investor and crypto economist with two decades of experience in traditional finance. Hushni is the founder and chairman of Beldex. The co-founder and CEO is Mr. Kim, who possesses extensive experience in confidential systems and cryptographic protocols. What Makes Beldex (BDX) Unique? Beldex addresses confidentiality issues in the crypto and Web3 space. The RingCT protocol ensures transaction confidentiality by obscuring sender information, while stealth addresses disguise the original address of the sender/recipient. Beldex also hides transaction details, such as transfer amounts. Utilizing ring signatures, confidential transactions, and a strong consensus algorithm, network transactions become nearly impossible to trace. To launch a masternode on the network and validate transactions on the PoS Beldex blockchain, users need 10,000 BDX, granting them the right to stake BDX and verify transactions. The ecosystem supports cross-chain confidentiality and interoperability through the Beldex bridge, connecting to the BNB Smart Chain. To prevent BDX token inflation, Beldex employs a coin burn mechanism that burns fees from Flash transactions on the network. The burn mechanism also encompasses the BNS fees burn, which are fees paid by users to acquire BNS names and domains—confidential, decentralized domains on the Beldex network. Beldex offers a suite of dApps focusing on confidential, decentralized products, including an anonymous confidential messenger (BChat), a confidential P2P VPN (BelNet), and the privacy-focused Beldex Browser. How Many Beldex (BDX) Coins Are There in Circulation? Beldex has a maximum supply of 9,900,000,000 BDX, with 6,679,667,729 BDX in circulation at the time of writing. The most recent BDX tokenomics is as follows: Ecosystem Development Wallet — 26.80%; Circulation - 67.21%; Seed & VC Funds - 2.16%; Marketing Funds - 0.17%; Team - 3.33%. How Is the Beldex Network Secured? The Beldex ecosystem incorporates built-in security features to anonymize transactions, addresses, data transfers, messages, and online traces. Beldex (BDX) is designed using technologies that ensure user data confidentiality. In December 2021, the Beldex blockchain shifted from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism to improve network scalability. Currently, Beldex operates on a PoS consensus algorithm that utilizes masternodes, which significantly enhance network functionality and scalability. Masternodes store historical blockchain copies, confirm transactions, and ensure network security. The Beldex community members form the backbone of masternodes. As the number of masternodes increases, Beldex's reliability indicators improve. Where Can You Buy Beldex (BDX)? BDX can be purchased on several crypto exchange platforms, including KuCoin, Gate.io, MEXC, Coinsbit, KoinBX, and HitBTC. Related Pages: Install the mobile app to track the prices of BDX in real-time. Read about Monero (XMR), the cryptocurrency from which BDX was forked. Learn about Zcash (ZEC) and Dash (DASH). What are decentralized applications (dApps)? Find out more with the glossary.