What is Beldex (BDX)?

Deep Dive

1. Purpose & Value Proposition

Beldex aims to solve privacy vulnerabilities in Web3 by anonymizing transactions, messages, and internet activity. Its ecosystem includes:
- BChat: Encrypted messaging with AI-driven spam detection (Beldex).
- BelNet: A peer-to-peer VPN that hides IP addresses.
- Beldex Browser: Privacy-focused web browsing with no data retention.

The project transitioned from Proof-of-Work (PoW) to Proof-of-Stake (PoS) in 2021 to improve scalability and reduce energy consumption.

2. Technology & Architecture

Beldex uses Ring Confidential Transactions (RingCT) to obscure sender/receiver addresses and transaction amounts. Key features:
- Stealth addresses: Generate one-time addresses for each transaction.
- Bulletproofs+: A compact privacy protocol to verify encrypted transactions without revealing details.
- Cross-chain compatibility: The Beldex Bridge connects to BNB Smart Chain for interoperability.

3. Tokenomics & Governance

• Supply: Max supply of 9.9B BDX, with ~6.68B in circulation.
• Utility: BDX is used for transaction fees, masternode collateral (10,000 BDX), and governance voting.
• Burn mechanism: Fees from transactions and Beldex Name Service (BNS) registrations are burned to curb inflation.

Conclusion

Beldex positions itself as a privacy infrastructure layer for Web3, combining transactional anonymity with decentralized communication tools. Its BDX token incentivizes network participation while enforcing scarcity through burns.

How might Beldex balance privacy features with regulatory demands in decentralized identity systems?