BeldexBDX to NGN

The Origins of Beldex

A group of dynamic developers and blockchain enthusiasts came together and founded this coin in January 2019. The aim of the founders of this cryptocurrency was to provide the users with a coin that fulfilled some specific goals. It was created so that it can fix the traditional cryptocurrencies' privacy issues. Due to its superior technology, it started to gain widespread attention soon after its launch.
 

Technologies of Beldex Coin

The reason behind this coin's success is its modernized innovative technology. The details of them are mentioned below :
 

• Privacy Features

The main feature of this coin is its privacy-oriented technology. It uses advanced cryptographic techniques like ring signatures and stealth addresses that blur transaction details. This makes it almost impossible to track payment sources thus providing privacy.  

• Blockchain Architecture

This digital coin works on its own blockchain technology. This blockchain is designed on a modernized and innovative Cryptonote protocol. This enables secure and private transactions. It also helps to maintain decentralization. 

• Consensus Mechanism

It makes use of the Proof-of-Work consensus mechanism. The benefit of this system is that it uses less energy. On top of that, it makes it accessible to everyone who is interested in mining. The other important point to note is that it helps to secure the network because it guarantees a fair distribution of coins. 

How to Acquire Beldex Coins?

Below are some of the ways that one can use to acquire this coin:

• Mining

One of the best ways of acquiring this digital currency is through Mining. Interested investors can take part in the mining process. They can furnish their computational power to the network. These miners are then awarded with newly minted coins that can validate transactions. 

• Exchanges

 Those people who do not want to engage in the mining activity can go for an exchange option. This coin is available on many cryptocurrency exchanges. Users can purchase them from such exchanges by completing a certain verification process. 

• Staking

This coin allows its users to stake their coins. It can take part in its network work. By staking the coins the users can earn rewards in the form of coins.

Use Cases of Beldex Coin

This coin has a wide range of use cases in many different industries. Some of these are mentioned below:

• Digital Privacy

The main aim behind the creation of this coin was to provide complete privacy to its users. Hence, this digital currency can prove to be a boon for those individuals who are on the lookout for a solution that can help them keep their finances confidential and transactions private. 

• E-commerce

Today most people focus on purchasing online through various e-commerce platforms. This has led to its rapid growth. These online product-selling platforms can make use of this coin. It is important to note that this digital currency will provide an extra layer of security and privacy to its customers. In fact, many eCommerce platforms already accept this coin as a form of payment. 

• Financial Transactions

Security is the core eminence of this digital currency. It aids in making the financial transactions in a very secure manner. In other words, organizations can make use of it for day-to-day transactions and even for cross-border payments. 

• Security and Invisibility 

This digital currency uses a number of different systems to make sure that the transactions are secure and invisible. To fulfill its purpose of security and privacy this coin uses the following features:

• Ring Signatures

This mechanism combines many inputs from various users to create a cloak of Invisibility. This one turn, makes it almost impossible to track the true sender of the transaction. 

• Stealth Addresses

This feature guarantees that the sender's identity is Invisible by adding an extra layer of privacy to the transactions. 

• Secure Transactions

The policy of this coin is to make sure that all the transactions in the system are completely secure and that there are no online frauds or hacking threats. 

• Complete Privacy 

It provides its users with the facility of transactions that are completely private.

The above characteristics make it the best choice for everyone who is interested in a dependable cryptocurrency that they can invest in. 

Beldex Coin vs. Other Cryptocurrencies

Below are some of the main reasons that make it different from the existing digital coins in the crypto world.
 

• Better Privacy than other Coins

Coins like Monero and Zcash are examples of privacy coins. In the same manner, this cryptocurrency provides its users with some modern innovative technologies. They distinguish it from other cryptocurrencies. 

• User-friendly approach 

The technology of this coin is very easy to understand and so anybody, who is even new in crypto investment, can easily be a part of it. 

• Strong  development team

The developers of this coin are well-versed in various technologies. They are very sharp follow the current crypto trends and make sure that this coin is the best option for its users. 

• Active Community Development

The success and widespread use of any cryptocurrency depends mostly on its community. They contribute to the growth and adoption of this coin. Similarly, It takes active participation in the currency's activities and is up-to-date with the latest advancements.

Future Prospects

This coin has a great future ahead. It is constantly gaining traction and adoption in the cryptocurrency market. Moreover, it not only has some unique features but also has a strong community of like-minded people. It is equally important to note that they have a talented development team. These are some of the major reasons which attract more investors and give it a  very promising future.

Conclusion

For someone who is looking for a privacy-focused cryptocurrency, this coin is the perfect option. With some of its unique features and strong privacy policy, it is on its way to achieving a prominent position in the cryptocurrency market. However, every digital coin comes with some unavoidable risks like the regulatory landscape and volatility

We have done a complete run-over of the pros and cons of this coin after exhaustive analysis. Nevertheless, it is advisable that you also do a complete examination from your end before you decide to invest in this coin.