Beldex-Blog Archives | Page 2 of 4 |

How does Beldex PoS pave the way to an eco-friendly environment?

A few years ago, cryptocurrency was seldom spoken about. However, cryptocurrency is currently rapidly gaining popularity and is being accepted and preached all over the world. Cryptocurrency is digital money that secures your transactions via the decentralized blockchain.

It is a secure and immutable ledger. No one can access our data or trace our transaction information. People use it for security measures in large numbers. As a result, numerous new currencies are entering the market. Every coin was worth something. These cryptocoins are widely accepted in many locations for payment and other reasons. As a result, it’s worth is progressively growing.

The coins mostly go with a proof of work (PoW) algorithm. But what is it that causes cryptocoins to prefer the PoS algorithm?

What is PoW and what makes it an issue?

In cryptocurrency, PoW works on a consensus algorithm. Cryptocurrencies commonly utilize this to validate new transactions. Miners have a significant part in proof of work. They solve complicated mathematical equations that can only be carried through by sophisticated computers to validate a transaction. When a new block is formed, a new mathematical equation is formed; the miners must solve in order to add the block to the chain by competing with other miners. Cryptocurrency is awarded to the miner who solves the equation.

PoW necessitates the installation of several nodes in order to avoid 51% of threats. As the network is used more, the energy consumption rises. Bitcoin mining

consumes about 0.5 percent of all worldwide electricity use. Think about alternative crypto mining processes as well. Millions of people from all over the world are involved in this mining process to validate transactions and earn free cryptocoins. It has a significant impact on the environment. Simultaneously, as time and usage go, the mathematical equation becomes more complicated, it increases consumption of more energy and slows down the transaction speed.

The cost of setting up the hardware requirements is quite high, since it necessitates the use of several separate hardware components. As the network’s size and popularity expand, so do the hardware needs also increase, and network capacity declines. It has harmful effects on the environment. To overcome these, Beldex is moving towards the PoS algorithm.

PoS is the way to go:

Beldex is changing from a PoW to a PoS algorithm. i.e., Proof of Stake. The masternode stakers will have the opportunity to validate a block. The preference goes to the stakers instead of miners. Even the hardware setup requirements are also less and consumption of electricity is not as much as PoW.

Every stakers will get a chance to validate the block. They need not to compete with each other because the process goes in an order, so the transactions are completed fast. For each validation, they will get rewards too. The hardware requirements stay constant as the network expands in size and acceptance. Hacking appears to be impossible because holding 51 percent of all coins is economically difficult.

PoS helps to reduce the energy level at large amounts and make it more eco-friendly to the environment. Think green and move to Beldex PoS.

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The Quintessential Principles of Beldex

Announcements, Beldex-Blog / By Beldex

Who are we?

In the heart and soul of Beldex lies the values we truly believe in. Beldex is a privacy coin with its very own private ecosystem. We, at Beldex, are highly driven individuals who understand why privacy is important and hence prioritize your privacy more than anything.

Since the debut of Beldex, the privacy coin in 2018, we’ve been working hard to improve people’s financial transactions all over the world. We’ve seldom stopped to put into words what drives us as an organization at our core as we’ve overcome difficulties, created new solutions, and slowly have expanded our community. We want to highlight the core beliefs that have moulded who we are today and how we seek to grow in the future as we reflect on 2021 and look ahead with an endless perspective. One thing has been constant over our three years of existence: our emphasis on you. What you – our users – want to achieve, what you require assistance with, and what you want to discuss. This motivates us to be the best at what we are designed to do.

What makes beldex truly unique?

We follow certain values which prove our dedication to our users:

Strategic: We think ahead of our times and have a clear vision as to what we want to achieve and make it a good experience for our users. Our best is yet to come.

User-oriented: Our world revolves around you and will always do. We strive to make your transactions easier, less time-consuming, and truly private.

Unlinkable and Untraceable: The main aspect which gives Beldex value is its privacy features and its very own ecosystem, which together, are a force to be reckoned with.

Infinite Mindset: We believe in overcoming obstacles, finding solutions, and becoming the best version of ourselves. Nothing makes us happier than seeing our community grow and flourish.

What do we provide?

We present in front of you, a private ecosystem with decentralized applications which will help keep your privacy at various levels of digital usage:

For people who prefer texting or sending voice notes but are worried about their privacy, we have BChat, a messaging app that keeps your privacy intact.
A P2P VPN service called BelNet if you don’t want your location or IP address to be tracked while surfing online.
Our very own Beldex Browser, a privacy-based browser that will not share or track your activities online, which means, no annoying advertisements!
The Beldex privacy protocol makes it possible to keep transactions secret across multiple blockchains.
A decentralized multi-platform wallet that works on the web, Android phones (iOS coming soon), and Windows named Beldex Wallet.
Beldex Bridge acts as a cross-chain bridge that connects other bridges to transfer currencies, allowing us to use our crypto on another blockchain.
Our wallet extension‘s sole objective is to make it easier for you to utilize the Beldex wallet on decentralized networks.

Our commitment and principles are reflected in our users, who are at the core of everything. Please make use of our service and look forward to our future ventures.

Join our community to know more about our recent developments.

So how are phone numbers related to privacy concerns?

Beldex-Blog, Privacy, Security / By Beldex

Phone numbers are a confidential source of information. Using your phone number might be threatening to your life. We can note that a lot of people complain about their phone number privacy. They get unwanted calls, messages, etc., from different persons or sites. It’s all due to the phone number that we shared on applications. One can easily get our phone number through lots of technology sources and use it for various purposes.

It’s a significant issue, and phone numbers continue to be the major problem. Avoiding phone numbers is not an easy task because we need a phone number to sign-up for our messaging application account. So, we all need a messenger without phone numbers to sign-up to overcome all issues.

BChat, best privacy messenger app:

Beldex develops a BChat, which is a privacy messenger app, where you can sign-up the account as anonymous. Yes, users do not need their phone number to create an account. They can communicate with others through the alpha-numeric code instead of phone numbers. This is the best part of BChat, other messaging apps won’t do this but we do. That’s why BChat is known as the best messenger app for privacy.

Let’s see why BChat gives an anonymous way of sign-up to the account without a phone number.

Phone numbers and it’s a hidden secret:

Have you ever considered what happens when we share our phone numbers with others? No. We just provide our phone number in its current form. This is where the issue originates. To overcome this fact, we need a crypto messenger for privacy. Nowadays, we rely heavily on phone numbers as a primary source of information. It is related to our daily lives. Whatever we do, it will be recorded. From our account information to areas we commonly visit.

If someone wants to find out our information, they can easily hack our phone number and discover information about us without having to approach us. Sometimes, it may become a threat to our peaceful life. Even if we change our phone number, the comprehensive information about us will remain on it. Those who have access to our phone number will be able to obtain the backup of our source. Are you astounded? This is the greatest secret hidden behind the phone number, and we frequently change phone numbers and sign up for numerous messaging apps with our phone numbers without realizing the fact.

It’s unnecessary to share our phone numbers at all places in this digitalized world. We can find many issues related to phone numbers on applications. Tech-known people, hackers, or government officials can easily track our data for their purpose and use it. Our privacy lies in our hands, we can’t blame others for tasting our bitterness. We need crypto privacy messaging applications to cover this hidden secret.

Leaving your phone numbers behind:

The privacy issues on the phone numbers are great problems to many, still many are searching for a way to neglect it. Phone numbers become a major source of communication but why should we pay our privacy as a charge to them? It’s time to change to a crypto privacy messenger without phone number.

Instead, with BChat, it is a privacy messenger without phone number requirement to sign-up. It can make you feel comfortable and secure. Without your phone number, no one can track or trace you. Your communications will be sent to the intended recipient without interruption from third parties.

Your privacy is the priority motto of BChat. Don’t compromise your privacy for others. We know your privacy value and we worked to secure yours as ours with a crypto privacy messenger app.

Join our community to know more about our recent developments.

RSS Feed of Beldex (BDX) to be integrated with crypto.com

Announcements, Beldex-Blog / By Beldex

You may now get to read Beldex’s RSS news feed directly from Crypto.com’s Beldex (BDX) price page. Users of Crypto.com will be able to get up-to-date information on Beldex, a leading privacy cryptocurrency with its own private ecosystem.

Users of Crypto.com can stay up to date on the latest news and information about Beldex, its products, and services, as well as obtain the most up-to-date BDX price, trading volume, live charts, and market capitalization data.

Beldex- The privacy coin which boasts of its very own private ecosystem.

Founded in 2018, Beldex was created in such a way that it helps to maintain anonymity during the transaction and prioritizes your privacy which is a necessary feature when it comes to making digital transactions. To accomplish so, it employs the cryptonote privacy protocol.

Beldex is a privacy currency that uses techniques such as ring signatures, ring CT, and stealth addresses to disguise and protect the sender, receiver, and transaction amount being transmitted. It is decentralized, making money transfers untraceable and simple. It is nearly difficult to track user data.

It maintains the anonymity of your crypto transactions, preventing them from becoming a conventional bank transaction

About crypto.com:

Founded in 2016, Crypto.com has grown into a full-fledged and well-known international cryptocurrency hub in just a few short years. Its crypto ecosystem consists of the Crypto.com App, Crypto.com Exchange, Crypto.com DeFi Wallet, DeFi Swap, Crypto.com Visa Cards, Crypto Earn, Crypto Credit, Price Page, NFT marketplace, Ethereum Gas Fees Tracker, and many other services. Crypto.com works with regulatory institutions all over the globe, and aims to bring you the most convenient way to buy, sell, trade, and spend cryptocurrencies. The Crypto.com App allows users to buy over 100 top cryptocurrencies at true cost, to earn high interest on their crypto, to manage their Crypto.com Visa Card, and to easily make crypto payments, along with many other rewarding features. The company’s Crypto.com DeFi Wallet is non-custodial, so users can have full control of their private keys.

Do look forward to Beldex’s price page for it’s latest news on crypto.com!!

Join our community to know more about our recent developments.

Is dVPN Safer Than a Standard VPN?

Beldex-Blog, BelNet / By Beldex

Internet usage has become a mandatory thing in our day-to-day life. As much as usage of the internet reduces as much of our privacy. This has been an increasing concern, as browser history and personal information are all in danger while using the internet.

Many people overlook the significance of internet privacy, but they should be conscious of how much information they’re disclosing – not only on social media but even when they’re just surfing. Internet privacy should be respected. So you conduct a private talk behind closed doors or merely provide your bank your financial information.

There are no cost-free things. It can be anything else, downloading applications, using Email service, or accessing social media, etc., we need to pay in the form of privacy data. Even accessing a website entails providing personal information.

Why Centralized VPN isn’t safe to use?

People are growing increasingly worried about privacy problems. People’s online privacy is being compromised in a variety of ways. Cookies, transferring personal information, IP address hacking, JavaScript, location tracking, and other methods are used. As a result, centralized VPNs are utilized to solve these issues.

No IP address or location is shared with others via a centralized VPN. The data from the message will be saved in the tunnel. Have you ever considered that the VPN platform may be hacked or tracked? It will be simple for them to access your data and collect information if the organization is compromised or if any well-known tech person decides to follow our data.

In a traditional VPN, the rerouting of internet traffic is managed by a central provider. While most VPN companies promise not to track your data, there’s no way of knowing for sure if they’re selling it to third parties.

Because a conventional VPN is likewise closed source, there’s no way to know if it’s encrypting your traffic or if the provider has a backdoor and is sniffing your traffic. As a result, traditional VPNs are more likely to be hacked, and their logs may be traced.

How to utilize a dVPN?

A decentralized VPN improves connection security and has the potential to alter the way we use the internet. A decentralized VPN provides a safe internet connection through nodes of the blockchain. These nodes are compensated for delivering a safer network and maintaining their services.

When the security features of both types of VPNs are compared, the dVPN comes out on top in terms of connection security, privacy, and anonymity. The dVPN is built around blockchain nodes. A blockchain is a collection of blocks that store data in hash functions with timestamps so that it cannot be altered or tampered with.

Data is safeguarded by removing centralized places that are frequently the target of attackers. dVPN is not dependent on one server. Because each PC or machine functions as a node, it is nearly hard to exploit this form of architecture. To penetrate a specific dVPN, a cybercriminal would need to hack the whole network of PCs involved, which is far more difficult.

How does Belnet pave the way for it?

BelNet is the most effective dVPN network. People can install BelNet on their devices, and help to distinguish our IP addresses. In general, BelNet will communicate with the blockchain nodes. That is why BelNet is confident in its privacy. Whatever you go through on the internet by the BelNet app, your data will be sent to nodes and made as anonymous data.

The blockchain will encrypt data, and only the receiving side will be able to decode it. At the same time, blockchain VPN not only conceals our IP address but also masks your location. As a result, individuals may browse without hesitation.

So, if you’re still on the fence about utilizing a dVPN, simply know that a decentralized VPN is the superior option for regaining your online anonymity and protecting your right to privacy.

Join our community to know more about our recent developments.

How Beldex Contributes to Privacy on the Internet

Announcements, Beldex-Blog, Privacy / By Beldex

Usage of the internet is becoming a major need in our daily activities. It has become a boon to our life. The development of the internet is reaching new heights in recent years. Almost all of the people started to use it and even a kid knows how to access them. A coin has both sides likewise the internet has a boon and curse to life.

It is not due to how we are using the internet, the fact is some features in-built on the applications. We can’t quit using it in our daily life too. If we are supposed to stop the usage of the internet, our daily routine will get interrupted.

This blog will explain to you the issues that we are facing on the internet by its usage and how Beldex contributes its role on internet privacy issues.

Issues that we face on the centralized internet service:

There are three major issues that we are facing on the internet. They are,

Spying on our daily activities.
Misuse of data.
Metadata tracking.

Spying:

This is the most important issue that we are facing on the internet. The sad fact is most of us don’t know that we are being tracked daily by others. They can be bots, cookies, and other trackers, authorities, or tech-savvy hackers. Usually, they will record your details. They don’t miss any of your details, even a keystroke. Later on, they make a list of your records and share them with the big corporations for advertising purposes.

On every social media application or any other centralized platform, you can see ads related to your search more frequently even when your need is over. They often snoop their nose on your privacy and track you like your shadow.

Misuse of data:

We will usually store our name, address, phone number, mail id, and even password for easy access. Mostly to use e-commerce sites we will store personal details of us on it. And sometimes we share our details, passwords, etc., with our relatives and friends through social media. These messages won’t be encrypted. It will be easy for all to access your data.

Some websites will ask you to accept the cookies to view more details on the site. By accepting the cookies, you are agreeing to collect your data without knowing the future issues. To run some websites, they need people’s data; by using our information they can access their sites in the name of us.

Fraudulent activities will take place by accessing our personal information.

Metadata tracking:

During sharing our information from one to another our metadata will be also shared along with it. Once your metadata like location, IP address, time, etc., was shared anyone can watch you. Most people will use your metadata to know what you are doing, where are you, what are you looking for, what are you planning to do, etc., by knowing this data one can share your information with others for ad posting, fraudulent activity, or for any purpose too.

How do Beldex contribute their DApps to internet privacy?

These are the major issues happening on the internet without our knowledge. Why should we lose our privacy? To control these issues, Beldex is launching BelNet and Beldex Browser. It is completely safe to use and works on the decentralized blockchain.

BelNet:

BelNet is a DVPN network. It helps to mask your IP address and location. The data will be end-to-end encrypted. Other than the destination, no one can decrypt or modify them. The data will pass through the nodes of the Beldex blockchain. It works as a Vpn P2P service.

Beldex browser:

Beldex browser is a private web browser. In this browser, no ads will follow you and users can feel secure while browsing. The cookies, javascript, metadata information, etc., will be blocked. No one can track your location, collect data, and share any ad-related content. Even the data will be stored in an encrypted form. So collecting information is impossible here. Beldex is the safest browser for privacy.

Beldex values your privacy the most. Feel free to browse whatever and wherever. Your privacy is our priority.

Join our community to know more about our recent developments.

Beldex the best privacy coin!

Beldex-Blog, Blockchain, Privacy, Security / By Beldex

Few years ago, cryptocurrency was being looked down upon by the corporate world. But now, cryptocurrency is steadily gaining popularity all over the world, and is being welcomed and espoused.

A Privacy coin in specific is an altcoin which is being used by people and is preferred in terms of its safe and secure nature and its ability to make a transaction private.

Privacy coins should be your first choice if you want to make your crypto transactions on the internet safe and secure.

Beldex is a privacy cryptocurrency which came into existence in the year 2018 and has ever since only shown consistent growth. It is anonymous and works on a peer to peer decentralized system.

Advantages of using the best privacy coin: BELDEX (BDX)

Beldex has been designed in a way which helps in keeping anonymity present throughout the transaction and holds your privacy as its top mission. It uses the cryptonote privacy protocol to do so.

Beldex, a privacy coin crypto uses methods such as ring signatures, ring CT, and stealth addresses which conceals and protects the privacy of the sender, receiver, and transaction amount being sent. It is decentralized, which makes transferring of funds untraceable and easy. The tracking of user’s data is practically impossible.

It helps your crypto transactions to not turn into a regular bank transaction by keeping its obscurity in place.

Why Beldex specifically?

Beldex has an array of services which comprises of BChat, BelNet, Beldex Browser, Beldex wallets, Beldex privacy protocol, Beldex wallet extension and Beldex bridge.They are all decentralised apps tailored to make the process of transaction comparatively hassle- free. It also makes up the Beldex private ecosystem which is an advantage to all its users. The transaction history will be maintained in a decentralized blockchain.

You can also earn rewards (in BDX) through staking masternodes.

Does Beldex have a private ecosystem?

Yes, it does. The beldex ecosystem consists of apps which will be useful in performing a privacy browsing, chatting, etc.,

Beldex private ecosystem includes –

BChat: A decentralised private messenger. Your conversations will stay only between the sender and the receiver.

BelNet: A peer to peer VPN service. You can search for anything, anywhere without the fear of getting your IP or location tracked.

Beldex Browser: A privacy based browser. It doesn’t track or share your activity on the internet and also helps remove advertisements.

Beldex Privacy Protocol: A cornerstone product of the ecosystem, it makes transactions remain private with other blockchains possible.

Beldex Decentralized Wallets: A decentralized multi platform wallet which can be used through web, android phone (ios launching soon) and windows.

Beldex Bridge: In order to use our crypto on another blockchain, Beldex bridge stands as a cross-chain bridge which helps to link other bridges in order to swap the coins.

Wallet Extension: The one true purpose of this is that it makes it easier for you to use the Beldex wallet on decentralized platforms.

To keep your transactions “truly private” do use Beldex (BDX) as it is one among the top privacy crypto coins with its very own top private ecosystem.

Join our community to know more about our recent developments.

What is Beldex Bridge?

Beldex-Blog, Ecosystem / By Beldex

Cryptocoins are the upcoming changes happening in this technological era. Most people prefer cryptocoins for their various needs and it is starting to be accepted worldwide. The cryptocoin blockchain works on a centralized and decentralized platform. On one side of a centralized platform, we are losing our privacy and on the other side of a decentralized platform, we are building our utmost privacy guards. Many technological fields started to adopt decentralized blockchain techniques for privacy purposes. They started to develop various privacy and secured Dapps. To use Dapps, users need cryptocoins. Here comes the issue, using one cryptocoin on another crypto blockchain platform is difficult. Because only the native coin can be used on their blockchain. To overcome this issue cross-chain bridge projects are being developed by many cryptocoin platforms to increase their scalability.

Why can’t other cryptocoin be used on different platforms? It is due to the blockchain; it won’t allow other cryptocoins on their blockchain. To use our crypto on another blockchain, the Beldex bridge is developed. It acts as blockchain interoperability. A cross-chain bridge will help to link both the bridge and swap the coins.

Why do we need it?

All crypto platforms have different usages. They have developed many kinds of Dapps for privacy purposes. To use those dapps on their platform users need to change their cryptocoins into that platform coin. John is holding 50 BDX in his wallet. He wants to use Ethereum Compound Dapps. For using this dapp, John needs to convert BDX into ETH coin and then only he can access Compound dapp. It takes more time to convert the cryptocoin and the transaction fee is also high. To overcome this beldex bridge is used. Here John does need not exchange his BDX instead, he can swap as wrapped BDX. It makes the process simple and easy.

Benefits of using Beldex bridge:

Transaction fees will be low.
The process will take place in an instant.
A cross-chain collateral process is carried out.
The scalability of native cryptocoin is increased.
Can use all kinds of dapps without losing native coins.
Changing back of wrapped coins to native coins is easy.

How does the Beldex bridge work?

Now the beldex bridge is working on the binance smart chain. Here the user can swap their BDX coins into WBDX. By swapping the coin, users can use it on any platform. Are you afraid of losing value? No worries. The value is maintained as a 1:1 ratio. So swapping doesn’t change the value remains the same. The BDX will change into WBDX as token coins. These token coins are used on other platforms. The swapping of coins takes place in blockchain interoperability. It increases efficiency by reducing transaction fees.

The whole process will take place on a decentralized blockchain so privacy is maintained throughout the process. No one can find your transaction history. Once the need is over on another platform the wrapped BDX can be converted to BDX at ease. We are currently making our moves on Ethereum bridge and Polkadot bridge. Users can feel comfortable on all platforms without losing their security.

To make the swapping of BDX easy without losing value the binance smart chain bridge helps a lot. Without any difficulties, people can use other platforms DApps.

Join our community to know more about our recent developments.

What is Beldex privacy protocol?

Beldex Privacy Protocol, Beldex-Blog, Ecosystem / By Beldex

In this technological world, all things are working under digitalization. One among these is cryptocurrency. Wherever we go, some groups of people are starting to discuss cryptocurrency. Cryptocurrency has become the hottest trending topic in the market; it has reached a new height in recent years. Everyone is getting aware of it because of its privacy and security. No one can hack our data or track our transaction details. At the same time, they don’t know about the amount we are holding in our account either. Due to many security measures, people widely started to use them. That’s why many new coins are arriving on the market. Every coin was holding some value. These cryptocoins are accepted in many places to purchase things and other purposes. So its value is increasing gradually.

As we all know, cryptocoins are used for their private nature. It makes our transaction anonymous. But in some cases, the centralized blockchain can be hacked; it shows our history of transactions we have done in the past. To ensure privacy, we are introducing the Beldex Privacy Protocol. By using this privacy protocol, you can make your transaction anonymous so no one can find your metadata. Everything will take place on the decentralized blockchain masternodes.

How does it process?

The Beldex privacy protocol works by the process of mint, transfer, and redeem. By following these steps, your transaction will change into an anonymous transaction. The cross-chain privacy protocol is in-built, so all cryptcoins can be swapped as new tokens and transferred. The process will take place in the Beldex blockchain. So no metadata information will be shared on the decentralized blockchain and tracking seems impossible. If hackers try to hack, only they will get the data as in encrypted form. In the encrypted form of data, we can’t find any useful information and it will be just an alpha-numeric code.

John wants to send 2 BTC to Harry from the Beldex privacy protocol. Here three steps will take place as we mentioned earlier. They are,

Mint: John’s 2 BTC will convert into 2 bBTC on the minting process. The value of the privacy coin won’t change because it is sustained as a 1:1 ratio for the whole process.

Transfer: This minted 2 bBTC will be transferred to Harry as an anonymous transaction. The transaction takes place on the Beldex blockchain to secure privacy and make it anonymous.

Redeem: Now Harry will receive the minted 2 bBTC. He can redeem the 2 bBTC to its original form of 2 BTC by using the same Beldex privacy protocol without losing its value.

Who can go for it?

The Beldex privacy protocol is the cross-chain protocol service. So all coin holders can go for it to clinch privacy. People need to create an account on the Beldex privacy protocol. By using this account, one can transfer their cryptocoin to another person without losing its value. Make sure that both people have accounts on the Beldex privacy protocol service. It makes our work easy and secured in a decentralized platform.

We make way for anonymous transactions with privacy protocol and go on the path to secure your privacy.

Join our community to know more about our recent developments.

What is a Beldex decentralized wallet?

Beldex-Blog, Ecosystem, Privacy, Security / By Beldex

Have you ever heard about cryptocurrency? Yes, of course, who is not aware of cryptocurrency at the present. Recently it is becoming more popular among the people. Cryptocurrency is nothing but a digital money which makes your transaction as secured through the decentralized blockchain. Cryptocoins are not only used for secured transaction purpose, but also people can use it in retail stores, corporations, open trading institutions, etc., to fetch their needs. Cryptocurrency is stored in a digitalized wallet. People need to create an account in the crypto wallet and store their cryptocurrency over there. It will generally take place in the centralized platform. There we need to enter our data like name and password. Our details like from where we are accessing, amount that we hold, to whom we are sending, etc., will be known to authorized person. So hacking is possible here.

How come others can interfere in our privacy? Who gave access to them? Privacy is a fundamental right to everyone. So to assure your privacy we have launched Beldex wallet. It is a decentralized wallet, where you need not to enter any of your personal information to access your wallet account. Users can create an account with one click. The whole process will takes place in Beldex blockchain. Every asset that you hold will be maintained with high security to respect people’s privacy.

How will a decentralized wallet work?

Beldex decentralized wallet works on the basis of decentralized blockchain. In decentralized blockchain, everything will take place in the anonymous manner. No one can seek any information from here. People can transfer, receive, and stake their BDX coins on their beldex wallet. People need to create an account in the wallet. After downloading the application on your device, users can sign up for their account. It doesn’t ask any personal details. A private key and address is generated. The address is used to transfer and receive the BDX coins from others. Other than this address, private key should not be shared with others. By sharing the private key, you are giving permission them to access your account.

The private key consists of seed words, spend key, and view key on it. Users need to note everything for the security purpose because once they lose this private key, they can’t recover the account and will lose all the BDX amount deposited over there. It is because no one knows your private key other than you and in blockchain we can’t get any details about user’s account. Users can recover the account or access their account from other devices by using this private key. They need not to create another account. Seed words are mainly used as the password to log in the account. In case, if the user forgets about the seed words, they can use the view key and spend key to access their account.

What are the types of wallet we have?

The Beldex decentralized wallet is a cross-platform wallet. We have three types of wallet according to the convenience of the people. They are,

Web wallet: There are two versions of Beldex web wallet available on the site. In version 1, users can create different integrated addresses for each transaction. It helps to protect users from hacking. In version 2, users can add their contacts in the wallet for easy access. Here we can transfer, receive, and hold our beldex coins.
Android wallet: It is designed for android users. In this fast-moving world, we need everything at the doorstep. So this android wallet will help a lot. Users need not visit the site for the transaction, from the android wallet application user can send and receive the BDX. It makes our work simpler and easier.
Electron desktop wallet: The electron desktop wallet can be downloaded on the desktop. It is not only used to transfer and receive the BDX but also we can stake BDX on masternodes. For staking BDX coins on the masternodes, users can receive the rewards.

Every wallet account is created with utmost privacy and security measures. You can go with our Beldex decentralized wallet to meet your privacy needs.

Join our community to know more about our recent developments.