Beldex is constructing a decentralized, confidential Web3 ecosystem designed for secure digital interactions. The project’s concept was developed and launched in 2018. Beldex aims to improve online confidentiality and protect user data, with BDX serving as the ecosystem coin that enables private transactions.

The mission is to offer a secure environment for data exchange, prioritizing individual safety and true data privacy through systematic research. This approach seeks to ensure transaction confidentiality, thereby safeguarding users and their funds.

BDX functions on the Beldex decentralized blockchain to execute secure transactions. The ecosystem supports confidential dApps, including BChat, BelNet, Beldex Browser, the Beldex protocol, and the Beldex bridge. Initially built on a PoW architecture, Beldex transitioned to a PoS consensus model to boost BDX token scalability, decrease fees, and shorten transaction times.

Beldex was introduced in March 2018. Afanddy B. Hushni, an investor and crypto economist with 20 years of experience in traditional finance, acts as the founder and chairman. The co-founder and CEO is Mr. Kim, who possesses extensive experience in confidential systems and cryptographic protocols.

Beldex tackles privacy concerns within the cryptocurrency and Web3 sectors. It employs the RingCT protocol to hide transaction details, concealing sender data via stealth addresses for both parties and obscuring transfer amounts. Combined with Ring signatures and a strong consensus mechanism, this makes tracing network activity nearly unfeasible.

To operate a masternode and validate transactions on the proof-of-stake (PoS) Beldex chain, users must hold 10,000 BDX. Meeting this requirement grants the ability to stake tokens and verify blocks.

The platform enables cross-chain privacy and interoperability through the Beldex bridge, which connects to the BNB Smart Chain.

To limit BDX token inflation, the network implements a coin burn system. This process destroys fees generated from Flash transactions as well as BNS fees paid for acquiring confidential, decentralized Beldex Network Service names and domains.

The ecosystem provides several dApps centered on privacy and decentralization, such as the anonymous messenger BChat, the private P2P VPN BelNet, and the Beldex Browser.

Beldex features a maximum supply of 9,900,000,000 BDX. At the time of writing, 6,679,667,729 BDX are in circulation. The latest tokenomics breakdown is:

• Circulation — 67.21%
• Ecosystem Development Wallet — 26.80%
• Team — 3.33%
• Seed & VC Funds - 2.16%
• Marketing Funds - 0.17%

The Beldex ecosystem incorporates built-in security measures that anonymize transactions, addresses, data transfers, messages, and online footprints. The technology was developed to safeguard the confidentiality of user data. In December 2021, the Beldex blockchain transitioned from a Proof-of-Work (PoW) consensus model to Proof-of-Stake (PoS) to improve future network scalability.

At present, Beldex functions on a PoS consensus algorithm powered by masternodes. This structure plays a major role in the network’s scalability and functionality. Masternodes maintain historical records of the blockchain, validate transactions, and uphold network security. These nodes are operated by members of the Beldex community. As the count of masternodes rises, so do the reliability metrics for Beldex.