Vision

Beldex envisions a future internet where users’ data is protected from third parties while enabling secure communication. Technologies like RingCT, stealth addresses, and ring signatures are utilized to achieve this goal. 

Project Concept

While traditional blockchains expose user information transparently, Beldex hides the sender, receiver, and transaction amount to ensure privacy. The ecosystem is expanded with dApps such as BelNet (dVPN), BChat (anonymous messaging), Beldex Browser, and BNS (Beldex Name Service). 

Founders and Team

Beldex was founded in March 2018 by Afanddy B. Hushni, who has over 20 years of experience in finance and investment. The CEO and co-founder, Mr. Kim, specializes in cryptography and privacy systems. The team comprises blockchain, AI, and cryptography experts focused on developing privacy-centric solutions. 

Investors and Partnerships

Supported by Beldex ecosystem funds, the project has also announced strategic investment partnerships over time. Collaborations include KYC-free swap integration with LetsExchange and partnerships with DWF Labs. 

Key Features 

• RingCT Protocol: Hides transaction amounts and participants’ identities. 
• Stealth Addresses: Generates one-time addresses to mask the recipient’s real address. 
• Ring Signatures: Conceals the true sender among a group of participants. 
• Proof-of-Stake (PoS) Consensus: Uses masternodes for network security and scalability. 
• Token Burn Mechanism: Burns transaction fees and BNS name fees to control BDX inflation 

Token Information 

• Total Supply: 9.93B BDX 
• Circulating Supply: 7.34B BDX 

Token Distribution 

• Circulating: 67.21% 
• Ecosystem Development: 26.80% 
• Seed & VC: 2.16% 
• Team: 3.33% 
• Marketing: 0.17% 

Beldex aims to control inflation by burning revenues from Flash transactions and BNS fees. 

How Beldex Works

Initially PoW-based, Beldex transitioned to PoS to increase transaction speed, reduce fees, and enhance scalability. Masternodes play a crucial role in network security and transaction validation, requiring 10,000 BDX to stake. This ensures network security while allowing users to earn rewards. Flash, a second-layer solution, enables instant and low-cost transactions. 

Ecosystem and Applications 

• BChat: Anonymous messaging application 
• BelNet: Decentralized VPN service 
• Beldex Browser: Privacy-focused internet browser 
• BNS: Decentralized and private domain system 

BeldexAI integration strengthens the ecosystem with AI-based smart routing, federated learning, and FHE solutions to enhance user experience. 

Roadmap 

• 2025 Q1: Mobile wallet swap, hardware wallet support, Bulletproof++ testnet 
• 2025 Q2: BNS Marketplace, Beldex Protocol launch on Arbitrum, federated learning test model 
• 2025 Q3: Bulletproof++ hardfork, Optimism integration, Masternode App Store 
• 2025 Q4: BelNet split tunneling, large file sharing on BChat, AI sidechain development 
• 2026 Q1: Advanced voice/video calls on BChat, sharding whitepaper v1, post-quantum research 

Official Links

• Website
• Twitter
• Telegram 

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The post What is Beldex (BDX)? Privacy and Web3 Ecosystem appeared first on Coin Engineer.