March 14 What is the BlackFort (BXN) Exchange Network?
The BlackFort Exchange Network (BXN) represents an advanced integration of layer 1 blockchain technology with smartchain capabilities, designed to facilitate fast, scalable, secure and efficient management of digital assets and execution of smart contracts. BXN's compatibility with the Ethereum Virtual Machine (EVM) and its adoption of the Proof-of-Staked-Authority (PoSA) consensus mechanism enable simple participation as delegators, promoting a transparent and decentralized network architecture. This infrastructure is specifically developed for developers and organizations looking to use blockchain technology for innovative applications.
BXN's smartchain technology is designed to redefine the management and transfer of digital assets. It supports fast and secure transactions between users and enables the deployment of smart contracts. It is this ability to manage complex transactions and smart contract interactions with a high degree of transparency and security that BXN offers as a key value proposition.
The focus on security and code quality is demonstrated by BXN's comprehensive code audit process. Working with reputable third-party auditors like Certik, the platform ensures the integrity, efficiency and compliance of its code base with leading industry standards. This rigorous auditing process not only strengthens the network's security profile, but also cultivates a sense of trust and openness with its user base, essential to the network's continued expansion and user adoption.
Featuring BlackFort's PoSA consensus model, BXN combines the benefits of proof-of-stake with an authoritative validation mechanism to ensure a decentralized and secure network. With the participation of over 60,000 delegates spanning over 120 countries, BXN demonstrates its large-scale distribution capability and scalability. This consensus model highlights BXN's cutting-edge approach to blockchain technology, providing a robust, decentralized framework for managing digital assets and developing blockchain-based solutions.
What is BXN token?
The BXN token forms the cornerstone of the BlackFort Exchange Network ecosystem, a layer 1 blockchain designed to improve the efficiency and scalability of digital asset management and smart contract implementation. As an integral part of this ecosystem, the BXN token facilitates various operational functions, including payment of transaction fees and execution of smart contracts. It plays a central role in maintaining network security and efficiency, harnessing the potential of blockchain technology to deliver new solutions in the digital economy.
Beyond its usefulness in transactional processes, the BXN token is essential for participating in the network's consensus mechanism, PoSA. This mechanism allows token holders to become validators or delegators within the network, thereby contributing to the validation process and thus ensuring the integrity and security of the blockchain. The PoSA model promotes a more inclusive and decentralized network structure, enabling widespread participation across the platform's entire global user base.
BXN tokenomics is designed to support the long-term sustainability and growth of the network. With a predefined total supply, BXN token distribution is carefully planned to support network operations, encourage participation, and facilitate platform expansion. This includes rewards for validators and delegators who play a critical role in network security, as well as stipends for development initiatives that drive adoption and use of the BXN blockchain.
Additionally, the BXN token embodies the network's commitment to transparency and security. Regular audits by reputable third-party organizations ensure the token meets the highest standards of blockchain security and operational efficiency. This rigorous approach to security and compliance underscores the network's commitment to building trust with its users and cementing its position within the broader blockchain and digital assets ecosystem.
BXN Tokenomics
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Shout out to BXN sales turnover
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How to buy BXN with cryptocurrencies on Bitfinex
1. To log in on your Bitfinex account or register to create one.
2. Access the Deposit page.
3. In the Cryptocurrencies section, choose the crypto you plan to buy BXN with and generate a deposit address on the Exchange wallet.
4. Send the crypto to the generated deposit address.
5. Once the funds arrive in your wallet, you can exchange them for BXN. Learn to trade on Bitfinex here.
How to buy BXN with Fiat on Bitfinex
1. To log in on your Bitfinex account or register to create one.
2. You must obtain full verification to be able to deposit fiat into your Bitfinex account. Discover the different verification levels here.
3. On the Deposit page, in the Bank transfer menu, choose the fiat currency of your deposit. There is a minimum amount for fiat deposits on Bitfinex; learn more here.
4. Check your Bitfinex registered email address for transfer details.
5. Send the funds.
6. Once the funds arrive in your wallet, you can use them to buy BXN.
We also have Bitfinex on mobile, so you can easily buy BXN currency on the go.
(App store) (Google game)
BXN Community Channels
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