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BelNet: Gateway to Global Access

You’ve probably heard of VPNs and how they help you anonymously surf the internet and unblock websites that are restricted to certain geographic locations. 

But what’s a dVPN and how does it help you stay truly anonymous? Does it reduce data costs or increase the speed of your connection?

Well, not quite. But it’s cool. So hear us out.

Before we dive into how a decentralized VPN works, its associated routing mechanisms, unstoppable domains and web applications, let’s talk about the clearnet. 

The internet you’re using right now to read this article is called the clearnet. It is the publicly accessible internet that lets you browse web applications such as medium.com or even our very own beldex.io.

 

Clearnet: the elephant in the room that nobody talks about

There’s a catch to using the clearnet. Wherever you go on the internet, you leave a trail. It is similar to a residue or dust on your shoes that can be used to track where you came from and what you did. There are several trackers and cookies on the websites that you visit. These trackers follow you around and hamper your browsing experience. They collect your IP address and information about your location, identity, gender, language among others. The metadata so collected is used to create your digital profile (about your likes and preferences) which inturn is used to target you with personalized ads. 

 

VPNs to the rescue, right? 

VPNs help you prevent these trackers from identifying your IP address and identity. But most VPN providers are themselves centralized entities and need to be trusted to keep your information safe from prying eyes. Regulations also play a major role in the extent of privacy offered by VPN companies and service providers. A regulator, an entity with vested interest and the means to access the VPN’s servers, or the service provider themselves possess the ability to access your data. 

If VPNs can still be used to track you, then is there a solution to true privacy on the internet? The short answer is yes. 

Here’s the long one. The solution is to use a trustless, autonomous, censorship-free application that is self-regulated and does not require an external entity to operate its services. Such an application would use an onion routing protocol over a decentralized network to encrypt and mask your IP address without the need for a third party to do it. They are P2P VPNs

 

Onion Routing: Layer by Layer Privacy

Onion routing, like the layers of an onion, routes a message or a traffic over many layers of encryption using a network of computers (called nodes in case of a blockchain). 

In traditional encryption methods, your messages are protected but can still be intercepted. 

Onion routing offers a greater level of security and privacy when compared to traditional encryption and routing protocols as it obfuscates your identity while ensuring that none of the information that you requested to access (your connection) or accessed (browsing history) is intercepted or disrupted by anyone who wants to tap into your connection. 

Some of the prominent networks that implement onion routing are the Tor protocol and the I2P protocol. However, as Tor maintains Directory Authorities, it is not as decentralized while I2P has its own set of issues and is not completely anonymous when accessing the clearnet. 

Onion routing with a decentralized VPN anonymizes your IP & browsing history not only to ISPs and third parties, it also cannot be compromised, intercepted, or disrupted by the network’s node operators. 

 

What is BelNet? 

BelNet is a decentralized VPN built on the Beldex blockchain. It is akin to a P2P VPN network as every person who hosts a relay or exit node adds to the anonymity of the P2P network. 

Anonymous browsing

BelNet is an open source network that masks the IP addresses of the user with the help of relay and exit nodes. Users can surf both the clearnet and applications hosted on BelNet (MNApps) with the help of these nodes. 

No username or password required

BelNet does not store user data and can be easily accessed by anyone. BelNet will be available as a cross-platform mobile and desktop application. Since it is a DApp built on the Beldex network, you can access it without the need for a username, email address, or a password. 

When you connect to BelNet, your connection (IP address) is encrypted at each hop (from one node to another node) until it reaches the exit node. Every request (from the user) is routed through at least three nodes before it exits from the exit node. The destination example.com will only see the exit node’s IP. This protects you from exposing your location or other personal details. 

Enabling BelNet on your device lets you surf the internet anonymously from anywhere in the world. It provides you with true global access to all the websites. 

The BelNet P2P VPN can be used to unblock websites that are otherwise restricted to certain geolocations. 

Who can use BelNet? 

Everyone. The BelNet dVPN was created to provide equal access irrespective of a person’s race, class, creed, gender, nationality, ethnicity, religion, or sexual orientation. BelNet is for digital rights and human rights everywhere and, to everyone. 

BelNet will especially be of use to vulnerable and marginalized communities, civil rights activists, ethnic minorities, refugees, journalists and reporters who are in need of digital privacy and confidentiality. 

 

Beldex Name Service (BNS) & MNApps

Whatever business you may own, the first thing your customers would ask you is, “Do you have a website?” Today, every business has a website as it plays a major role in the business’s success. 

Purchasing a domain is the first step when starting a website. Web2 domains have the TLD .com, .org, .co, .io and so on and so forth. 

Such domains are sold by a domain registrar and so they hold a monopoly over them. They could choose to block or restrict access to your domain if they wanted to, severely affecting your business. Once a domain is blocked, it can only be recovered at the sole discretion of the domain registrar. Oftentimes, it might be unrecoverable. 

Should domain name registrars be the proprietary holders of domain names? Do you think domains should be free from centralized control? 

We do too and that’s why we’ve come up with unstoppable domain names on BelNet called Beldex Name Service (BNS). These domains end with the TLD .bdx. For example, 

yourname.bdx

yourbusiness.bdx 

yourorganization.bdx 

We call them unstoppable domains because they’re truly unstoppable. They provide you with censorship-free private internet access

Example.bdx domains can be purchased via the Beldex Name Service using BDX. The apps hosted using .bdx domains on BelNet are called MNApps (since they’re supported by the Masternodes on the Beldex network). 

They are hosted on a regular server but masked by BelNet. And so it is virtually impossible to locate the server. Both the service provider and the users who access the domain via BelNet are anonymized. This enables businesses and organizations to protect their websites from hacks, attacks, censorship and bans from registrars. 

Web apps or MNApps on BelNet have the added advantage of being ad-free. It emphasizes the value of the hosted content and maximizes user engagement. 

Some advantages of using MNApps,

  • Ad-free service
  • No user data is tracked
  • No logs are saved
  • Private and censorship-free apps
  • Masternodes act as the routers
  • Secured by the Beldex network 

Stay tuned for more information on BelNet & follow our socials for instant updates.

Join our community to know more about our recent developments. 

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Geometry Labs & Beldex Research Labs Announce Strategic Partnership to Scale the Beldex Network

Beldex is excited to announce a strategic partnership between Beldex Research Labs and Geometry Labs to scale and enhance the Beldex network.

Beldex Research Labs, the research wing of the Beldex project was established to implement core protocol enhancements nd add EVM compatibility to the network. This will in turn enable the development of privacy-preserving and shielded smart contracts.

The scalability trilemma: Networks today sacrifice scalability for security and decentralization or introduce vertical scaling, which leads to centralization, since the common man cannot afford to run a high-spec node. Thus, the three main constituents that Beldex wants to address while scaling the network are reducing the storage requirements, reducing the overall size of the blockchain by the use of enhanced cryptographic proof systems and improving the synchronization time of Beldex masternodes while maintaining decentralization through horizontal scaling.

Thus, the strategic partnership with Geometry labs is aimed at collaborating on joint research on scaling techniques and cryptographic protocol enhancements.

Geometry labs was established in 2021 as a decentralized finance and cryptography research and development lab. They specialize in DeFi products and tooling, blockchain infrastructure, analytics and observatories, and development of novel cryptographic mechanisms.

Beldex Research Labs will be advised by Dr. Mitchell Krawiec-Thayer, President and Chief Scientist at Geometry Labs. His personal research is focused on the intersection of data science and privacy engineering. He was previously a Monero Research Lab contributor.

“We’re excited to introduce cutting-edge privacy and scaling solutions by collaborating with the brightest minds in crypto and to extend the network to an EVM compatible chain“ Chairman of Beldex International, Afanddy Bin Hushni said.

 

Объявление о листинге Beldex Gate и раздаче стартапов

Мы достигли важного перекрестка на нашем пути. Это то, чего вы ждали с тех пор, как мы начали это путешествие. Но это делает ожидание тем более стоящим.

Давняя мечта сообщества Beldex вскоре осуществится:Биржевой листинг уровня 1. Да, BDX будет зарегистрирован на Gate.io 18 августа 2022 года. По данным CoinMarketCap, Gate.io входит в десятку лучших бирж по объему торгов.

Биржа Gate.io предлагает нашим пользователям лучшую ликвидность для торговли BDX. Это безопасная биржа с безупречным послужным списком защиты средств пользователей.На момент публикации этого объявления Gate занимала 6-е место в CMC и иногда занимала 2-е место, уступая только Binance. В настоящее время объем торгов Gate составляет почти 1 миллиард долларов доллар США.

Цель листинга на бирже уровня 1 сочетается с нашим желанием предоставить простую в использовании, безопасную и чрезвычайно ликвидную платформу для торговли BDX. Торговая пара BDX/USDT будет запущена 18 августа 2022 года в 02:00 UTC.

В связи с листингом Beldex в партнерстве с Gate.io объявляет об аирдропе BDX Gate Start Up. Airdrop присуждает BDX всем пользователям Gate, которые соответствуют определенным критериям. Право на участие в аирдропе BDX Start Up зависит от минимального количества средств на вашем счете и вашего VIP-уровня.

Листинг пары BDX/USDT: 18 августа 2022 г., 02:00 UTC

Продолжительность аирдропа Start Up: 16 августа 2022 г., 23:00 UTC — 17 августа 2022 г., 23:00 UTC.

Запуск Airdrop: 2,564,936 BDX

Более подробные правила участия в аирдропе можно найти здесь: https://www.gate.io/article/27532

 

Куда движется Белдекс?

Нашей следующей остановкой будет еще одна биржа уровня 1, и есть несколько способов пройти, прежде чем мы достигнем этой вехи.

Beldex в первую очередь сосредоточится на развитии экосистемы, в основном, на добавлении дополнительных функций в BChat, а также на разработке децентрализованной службы VPN на основе луковой маршрутизации BelNet и протокола конфиденциальности Beldex.

Браузер Beldex в настоящее время находится в стадии изучения, наряду с улучшениями масштабируемости и анонимности в сети Beldex. Для этого Beldex сотрудничает с передовыми исследователями в области криптографии, чтобы улучшить безопасность, масштабируемость и децентрализацию сети.

Подпишитесь на нас, чтобы получать мгновенные обновления о наших разработках

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Announcing Beldex Gate Listing & Start Up Airdrop

We’ve reached an important juncture in our path. It’s what you’ve been waiting for, since we began this journey. But that makes the wait all the more worth it.

The long-standing dream of the Beldex community will be realized shortly: Tier 1 exchange listing. Yes, BDX will be listed on Gate.io, a top 10 exchange by trading volume on the 18th of August, 2022.

The Gate.io exchange offers the best liquidity for our users to trade BDX. It is a secure exchange with an impeccable track record of protecting users’ funds. As of publishing this announcement, Gate is ranked 6th in CMC and has sometimes held the No.2 spot, bested only by Binance. Gate currently has a trading volume of almost $1 Billion USD.

The goal to list on a tier 1 exchange is coupled by our desire to provide an easy to use, safe, and extremely liquid platform for trading BDX. The BDX/USDT trading pair will go live on the 18th of August, 2022 at 02:00 AM UTC.

On account of the listing, Beldex, in partnership with Gate.io announces the BDX Gate Start Up airdrop. The airdrop rewards BDX to all gate users who meet certain criteria. The BDX Start Up airdrop eligibility depends on the minimum holdings in your account and your VIP level.

BDX/USDT Pair Listing: August 18, 2022, 02:00 AM UTC

Duration of the Start Up airdrop: August 16, 2022, 23:00 UTC – August 17, 2022, 23:00 UTC

Start Up Airdrop Supply: 2,564,936 BDX

More detailed participation rules of the airdrop can be found here: https://www.gate.io/article/27532

Where to next?

Our next stop would be another Tier 1 exchange and there are a few ways to go before we reach that milestone.

Beldex will be primarily concentrating on ecosystem development, mainly, adding additional features to BChat, and the development of BelNet decentralized onion routing based VPN service and the Beldex privacy protocol.

Beldex browser is currently under research, along with scalability and anonymity set improvements to the Beldex core chain. To accomplish this, Beldex is partnering with pioneering researchers in crypto to improve the security, scalability, and decentralization of the network.

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Building a Standard for Private Communications

Centralized messaging platforms use a model that requires you to trust them. There are many shortcomings to a centralized communications platform. Here in detail, we can see how the BChat private messenger built on the Beldex chain makes a better choice for your privacy.  

 

Communications today – heavily centralized and devoid of privacy:

At present, we are facing lots of privacy issues on the internet and it becomes challenging to protect our privacy online. We cannot anticipate or prevent problems like data theft, leakage of personal information to corporations. Some are even watching us from the Internet’s shadows to know what we are doing. Most of us don’t know the real face of centralized messengers. We believe that we are interacting on a safe platform and our messages are end-to-end encrypted. But this cannot be further from the truth. The reality of centralized messaging applications is that your personal information is at their mercy. If you’re using a centralized messaging application, chances are that you’ve lost your privacy without even being aware of it.

  • Users have to submit personal data: Users don’t have any personal choices as to whether to submit their personal information for creating accounts in the centralized messengers. Why should they provide their personal information to create an account? It should be their choice. 
  • Data storage: The messages, metadata, cookies, IP addresses, etc.,  will be collected and stored on the centralized messenging platform’s servers. So the platform/organization can sell our data to others because they own it. They know who we are communicating with and what we are talking about.
  • Security Nightmare: Due to your information being stored in a centralized place, it will be easy for hackers, techies, and government authorities to track and collect your data without your knowledge. 

This is what the centralized messengers will do. Is this what you want? Of course not. Privacy is not a thing to share with everyone, it’s our basic right that we need to protect from others. 

 

Is secure messaging possible in centralized messengers?

The short answer is, no. It’s like a one way mirror. From one end, centralized messengers gives the appearance of security but you’re visible to the world that’s watching you from the other end. Same like, from external usage it may look secure and safe to use but the inner truth is different. By using it, we are losing our privacy each second. We know, many of us spending most of our valuable time on centralized messaging platforms. It is not only used for entertaining purposes, even in the digitized era business, education, etc., also takes place through the centralized platform. 

An example is here for you. Everyone will follow some strategy to do their business, what happens if others steal your data and use it for their business or sell it to others? Then your business will get down and their business will grow. How it happens? The centralized messenger will sell your data to others, so they can utilize it whenever they need them.

This is what will happen on the centralized messenger’s platform. Looks safe but not really. Whatever you do here will be stored in one place and can be used at any cost. Even encrypted messages can be decrypted by hackers, techies, or authority figures on the centralized servers. Then there is no point in saying, end-to-end encryption messenger. To overcome the faults, we need a messenger that protects our privacy. 

 

What is the use of collecting our data?

From an outside perspective, people may think why privacy is we needed for communication, what others will do with their information, and even they feel comfortable in using messengers too. But users need to understand what exactly they are dealing with. As long as we are using centralized messengers we are paying them our privacy as free of cost. Yes, they collect personal information while creating an account, metadata, IP addresses, and cookies are stored, and not truly end-to-end encrypted. 

Here comes the question: what is the use of storing our details? The answer is simple. They will collect our details and sell them to corporate companies or even techies or hackers who will hack our information for their personal uses like to know our bank details, credit card details, etc., so they can avail a loan in your name and won’t pay it back. It is also a kind of theft happening in this digitalized era through the centralized messenger’s help.

 

How can we communicate privately?

The only way to communicate with privacy is possible on the decentralized private messengers. It is similar to centralized messengers for communication but here privacy is the prior choice. You can have all features as in centralized messengers. Here in decentralized messenger, one can communicate with privacy without relieving any personal information about them. They can feel the privacy on their conversation. The secure private messengers are truly end-to-end encrypted and only the receiver can get the decrypted message. The nodes will help to pass information through the blockchain. In the blockchain, no one can collect or alter any kind of details. So the information passes securely. Communication privacy can be achieved only with the help of decentralized private messengers. 

 

What would a secure messenger do?

A secure messenger will give privacy as the precedence. Users can communicate with others with privacy and security. Centralized messengers like Whatsapp, Facebook, Instagram, etc., will say that they are secure but they are not the one. Decentralized messengers will do what they say. They are secured and private as default applications. Here you do not need any personal information to create an account. Need to know about the decentralized messenger. Here it is, Beldex BChat private messenger.

  • BChat decentralized messenger is end-to-end encrypted. Only the sender and receiver can decode the message. No third parties can be involved in your privacy. 
  • Here the masternode will work as a storage server. No one can find the data of the user and every information passed through the Beldex blockchain is scattered into many pieces and stored on different masternodes.
  • open-source code. So users can check BChat code transparency at any time. It is visible to all.
  • No personal information like phone numbers or email IDs is required to create an account. An alpha-numeric code is used as a user identity.
  • Metadata like timestamp, size of the message, and location will be shared with others.
  • No IP address is shared or tracked. So no one knows where we are.
  • All modes of communication are possible such as text messages, voice 

Due to high security and privacy, BChat is going to be the best decentralized messenger. 

 

Combat surveillance in BChat decentralized messenger:

In a centralized communication platform, privacy was breached in many ways. They use phone contacts, cookies, IP addresses, GPS tracking, javascript, and metadata to know each detail about the user. Why should a messenger need to collect those details? Have you ever thought about it? We users, permit all things and start chatting. Without giving permission, we can’t access those messengers too. 

By giving those permissions, they can collect all our private information like where we are going, to whom we are in touch, what we are talking about, what is our next move in life, our credit card, and bank details, etc., They will collect that information and share to others and we can see ads relating to our needs. 

But in BChat, every data is secured and won’t breach your privacy at any cost. No cookies are enabled, no metadata will be shared, IP addresses are blocked, etc., your privacy will always be yours. 

 

Building a standard for web3 private communication:

BChat private messenger is a decentralized messenger which can be used by all. Those who are seeking privacy and need to be private can go for it. Business people, Government officials, Journalists, Organization people, etc., can use Beldex BChat decentralized messenger. The phase of the internet is going to change from web2 to web3. In web3, ewverything will be anonymous and decentralized; no personal data is required or shared to others. it is going to be on the future of privacy in the internet world. BChat is going to take its step on the web3 decentralized platform to keep your privacy as privacy.

BChat is the best privacy messenger. Want to be safe and secure without any breaches, use BChat.

Join our community to know more about our recent developments. 

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Coinsbit exchange listing: INR Pair

Dear Beldians, 

Your long-awaited wish has now been granted. At this moment, we are happy to announce a new trading pair, the BDX/INR. We know it’s a long-term goal of our community members and now we are glad to fulfill it. You can deposit, withdraw, and HODL BDX on the Coinsbit exchange wallet.

Now, you can buy BDX on the Coinsbit exchange by using INR on the BDX/INR market.

You can start depositing BDX on 16th March 2022.

Trade will be live on all the market pairs from 16th March 2022.

BDX/INR: https://coinsbit.in/trade/BDX_INR 

 

About Coinsbit exchange:

Coinsbit is a  cryptocurrency exchange launched in 2018 and has users worldwide. Coinsbit supports over 6+ fiat deposits. So users can deposit any kind of supported fiat and buy cryptocoins. It is a highly secure exchange. This exchange platform supports crypto-to-crypto trading, fiat deposit, buying crypto with visa, and MasterCard to make the onboarding process quick, easy, and effortless. 

The exchange has over 50+ crypto coins listed on 100+ trading pairs and 2 million active users. This is an exchange with low transaction fees of 0.2%. We hope that listing with Coinsbit will be another stepping stone to Beldex’s growth.

We would like to thank all our partners, developers, validators, stakers, and community members for your support. We wish for your continued support so we can grow together.

Follow our Twitter to get instant updates about our upcoming developments. 

Join our community to know more about our recent developments. 

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Coinsbit exchange listing:

Dear Beldians, 

     Great news for Beldians. BDX is listing on another top crypto exchange Coinsbit. Coinsbit is an easily accessible exchange widely used by many crypto users from all around the world. You can deposit, withdraw, and HODL BDX on the Coinsbit exchange wallet.

Now, you can buy BDX on the Coinsbit exchange by using USDT, BTC, and ETH on the BDX/USDT, BDX/BTC, and BDX/ETH markets.

You can start depositing BDX from 16th March 2022

Trade will be live on all the market pairs from 

BDX/USDT: https://coinsbit.io/trade_classic/BDX_USDT 

BDX/BTC: https://coinsbit.io/trade_classic/BDX_BTC 

BDX/ETH: https://coinsbit.io/trade_classic/BDX_ETH 

 

About Coinsbit exchange:

Coinsbit is a  cryptocurrency exchange launched in 2018 and has users worldwide. Coinsbit supports over 6+ fiat deposits. So users can deposit any kind of supported fiat and buy cryptocoins. It is a highly secure exchange. This exchange platform supports crypto-to-crypto trading, fiat deposit, buying crypto with visa, and MasterCard to make the onboarding process quick, easy, and effortless. 

The exchange has over 50+ crypto coins listed on 100+ trading pairs and 2 million active users. This is an exchange with low transaction fees of 0.2%. We hope that listing with Coinsbit will be another stepping stone to Beldex’s growth.

We would like to thank all our partners, developers, validators, stakers, and community members for your support. We wish for your continued support so we can grow together.

Follow our Twitter to get instant updates about our upcoming developments.

Join our community to know more about our recent developments. 

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Beldex Listed on HitBTC Exchange

HitBTC exchange listing:

Dear Beldians, 

Your wait is over. We are stepping into another major exchange platform, HitBTC. It is another great news in recent days from Beldex. HitBTC is a user-friendly exchange picked by many crypto users from all around the world. You can deposit, withdraw, and hodl BDX on the HitBTC exchange wallet.

Now, you can buy BDX on the HitBTC exchange by using USDT, BTC, and ETH on the BDX/USDT, BDX/BTC, BDX/ETH markets on HitBTC. 

You can start depositing BDX from 10:00 AM UTC on 10 February, 2022.

Trade will be live on all the market pairs from 10:00 UTC on 10 February, 2022.

BDX/USDT: https://hitbtc.com/bdx-to-usdt 

BDX/BTC: https://hitbtc.com/bdx-to-btc 

BDX/ETH: https://hitbtc.com/bdx-to-eth 

 

About HitBTC exchange:

HitBTC is a  cryptocurrency exchange launched in 2013 and has users worldwide. It is a highly secure exchange with users from several countries. This exchange platform supports crypto-to-crypto trading and can be used on both desktop and mobile applications. 

The exchange has over 450+ crypto coins listed on 800+ trading pairs and 6 million active users. This is an exchange with low transaction fees of 0.1%. We hope that listing with HitBTC will take Beldex into the next growth phase.

We would like to thank all our partners, developers, validators, stakers, and community members for your support. More exchange listings will be coming up soon. We wish for your continued support. 

Follow our Twitter to get instant updates about our upcoming developments. 

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What are zk-SNARKS?

     Beldex is currently using the cryptonote privacy protocol with PoS consensus algorithm to validate transactions. Now, we are planning to upgrade to the next level to increase the transaction speed. This implementation not only increases the transaction speed but also gives more privacy to the transaction. Here we can see what Beldex is going to do. 

 

ZK-Rollups:

ZK-Rollups is a concept used in blockchain to make a transaction fast and a privacy layer to it. It is usually built on layer 2 on the blockchain to increase scalability of the network. Generally, ZK-rollups make use of zk-SNARKs to verify transactions and relay this to the layer 1 blockchain by combining hundreds of transactions as a single transaction. Thus, the transaction time and network fees will be reduced. PoS along with ZK-rollups will increase the privacy and security level in transactions. They can make transactions in a flash of a second with a very low fee. Let us see about zk-SNARKs in detail.

 

zk-SNARKs- simplified:

zk-SNARKs is abbreviated as Zero-Knowledge Succinct Non-Interactive Argument of Knowledge. In simple terms it can be explained as Succinct uses to verify the proof concept in a short and easy way with the help of Non-Interactive method devoid of communication between the prover and the validator. One can prove using this Argument without any Knowledge of the underlying context. 

Let us discuss with an example to understand in detail about it. There are many doors in the room. Each door will lead to different places at any given time. Now John wants to prove to Harry that one door will lead to New York. John knows the door that leads to NY at this instance, so he can open the door to NY and prove it to Harry without telling him where the doors adjacent to it leads to. Now both the parties will know that New York is at the other end of the door John opened. 

If Harry gets a chance to open the door to New York again, it would lead to another place since the doors can lead to any given place. Here the existence of New York has been proved to Harry but he doesn’t know the context on how or where to find New York again.

 

Why Beldex is Researching zk-SNARKs:

Currently, Beldex uses the cryptonote privacy protocol for adding a privacy layer to transactions. Beldex is researching zk-SNARKs to increase the transaction speed and the transaction anonymity set. zk-SNARKs provide infinite anonymity sets which exponentially compliments speed and privacy. Simultaneously, the fees are reduced in the network because users need not wait in a queue to complete the transaction. The prover can show the hash to the verifier and tell that  transaction has been sent. The verifier encodes it and finds the hash. The transaction amount, sender and receiver address will not be known to the verifier. Hence, it is proved without any real knowledge of the transaction. Beldex is researching zk-SNARKs to make your transactions truly private and scalable for BVM. 

Beldex, the Future of Privacy. 

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BChat: A Smart Choice

Last week, we discussed issues on centralized messaging platforms and why we need BChat. In this blog, we are going to discuss in detail the BChat Private messaging app and its benefits. It helps to recognize how BChat differs from a centralized messenger and why you should use it. Privacy is a basic concern in everyone’s life, so to secure it with utmost privacy, Beldex BChat is here.

Before moving to the blog, one should know how BChat works.

 

How does it work?

BChat is a decentralized private messaging application. To resolve the issues faced on centralized platforms, BChat decentralizes storage and traversal of packets that carry the message data. It does this with the help of Masternodes in the network. Nodes act as the intermediary to pass information from one to another. The messages will be end-to-end encrypted and no one else can see or alter your messages. End-to-end encryption may seem trivial in a centralized set up, but in decentralized messaging apps, it offers you the utmost privacy since there’s no central point of attack or encryption backdoors. Your information will remain private on the server. At the same time, like in centralized messaging applications, we need not store personal data like phone number, email id, name, etc., to open an account. 

Users can create an account anonymously without providing personal data. The alpha-numeric code is used as a unique identity for users, which only they can use and it is not stored anywhere. You and your friend can connect with each other through the alpha-numeric code instead of phone number or email id. In BChat Dapp messenger, masternodes will act as the storage server to store messages, even the stored information will be in encrypted form to protect users’ privacy, and each information is split into millions of unintelligible data and then only it will be stored. So BChat is known as the best messaging app for privacy. 

 

Why should you go with BChat?

  • Decentralized application: BChat is a decentralized application that works on the Beldex blockchain. It acts as a peer-to-peer private messenger where messages will be end-to-end encrypted.
  • Privacy in messaging: One can chat with another in a secure and private way. The messages will be end-to-end encrypted. Only the sender and receiver will get the decrypted information.
  •  Doesn’t collect or share Metadata: BChat privacy messenger doesn’t ask your phone number or email id to sign-up for the account. It is created anonymously. Alpha-numeric code is used as the user identity and seed phrase is used for account recovery. Other than your information, no location, time, or IP address is shared with the receiver or others. 
  • Censorship resistant: BChat private messenger is completely censorship-resistant. No techies, hackers, or authorized people can get your data. In the blockchain, collecting users’ data is impossible.
  • No downtime: In decentralized private messenger, there will be no downtime like centralized applications WhatsApp, Instagram, etc., it will work without any time lags. The blockchain won’t get any interruption at any cost.
  •  Fast and scalable: In BChat private messenger, the information will pass within a fraction of seconds. It is fast and scalable to use. 

 

How Secure is BChat? 

In Beldex privacy messenger, if someone wants to collect data of the user, they need to set up the masternode on the Beldex blockchain. If they try to do any malicious activities like tracking or collecting users’ data by their masternode, the network will shut off or suspend the masternode. Even the staking coins will be seized and cannot be retrieved from the network. They can’t get any information about users’ data that is why you should be using BChat’s most secure messaging app.

BChat gives the best encrypted messaging app to secure your identity and protect your data from others. 

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