BlackFort Exchange Network price

BXN

#1115

For the creation of the BXN blockchain some of the guiding principles are the creation of a flexible and extension network of EVM Core Smartchains to create a symbiotic harmony. It aims to complement existing blockchains and not replace them entirely. Here are the principles of BXN:

Standalone, independent, and unique Blockchain: technically, BXN is a standalone blockchain, instead of a layer-2 solution even though it will run on your existing ETH address. Most BXN fundamental technical and business functions are self-contained so that it can serve its complementary purpose to other blockchains and interoperability and cross chain transfers that are to come.

EVM Compatibility: The first practical and widely used Smart Contract platform is Ethereum. To take advantage of the relatively mature applications and community, BXN chooses to be compatible with the existing Ethereum mainnet. This means most of the dApps, ecosystem components, and toolings will work with BXN and require zero or minimum changes; BXN nodes will require minimal and low investment hardware specification and skills to run and operate as

Staking Involves Consensus and Governance: Staking-based consensus is more environmentally friendly and generates a higher degree of flexibility in terms of community governance. Expectedly, this consensus should enable better network performance and lower costs over proof-of-work blockchains, i.e., faster block creation times and higher transaction capacity than is traditionally possible on proof-of-work blockchains.

One block represents a set of entries into the blockchain, to be verified and validated. Once this batch of transaction and interaction recordings as well as the release or production of block reward has been processed using the transaction fees, paid by the blockchain user. Distribution automatically happens and the next block starts to form. This occurs every 5 seconds.

How to approximate the yearly halving-period: At the set time for blocks to be created and validated, it takes 6,000,000 blocks to be approximately equivalent to one year in Real time. Block reward halving happens at every 6,000,000th block. Example: The fifth year starts at block number 30,000,000. This can be calculated by the following: 6,000,000 * 5 = 30,000,000

BlackFort Wallet is a Client side, Multicurrency Wallet Application to be used on iPhone and Android devices. This application is

Blackfort Wallet Yellowpaper(https://blackfort.exchange/wp-content/uploads/Blackfort-Yellowpaper.pdf).

BXN is also used on BlackFort Products as a Utility Token as follows:

BlackFort wallet: BXN Holder is going to: have a reduction of Exchange/Swap Fees Has the possibility to be whitelisted for upcoming Projects on BXN Blockchain, in-house or vetted External Projects Holders may be eligible to be an Airdrop receiver.

B2B Services (BlackFort Payment Solution Service): BXN May be used to: Reduce onboarding fees Operational fees Transaction fees

BlackFort EMI Services: Reduce onboarding fees Operational fees Transaction fees

VOTE Token * Used for governance votes to determine how network resources are allocated. * Used for governance votes to determine how to decide on which proposed functions are

This Token Represents a weight of authority in a DAO Voting Process. This token was distributed to early backers of the BXN Token economy.

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