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Befund (BFDT)

Coin Information

Singapore (SG)

Blockchain: Befund

Ticker: BFDT

Type: Cryptocurrency

Proof type: Unknown

Algorithm: Unknown

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Website

~~Befund.io~~

Discontinued

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About Befund

Befund is a decentralized cryptocurrency service platform for funds. It is built on blockchain technology and offers business and technology solutions for creating mutual funds for cryptocurrency. The platform introduces BFDChain, a public chain that serves as the foundation for creating and managing these funds. Befund Foundation, a Singapore-based non-profit organization, creates crypto currency mother funds and supports excellent GPs and blockchain applications within BFDChain by funding them with BFDT, the token associated with BFDChain. Befund.io, the online service platform of Befund Foundation, provides basic solutions and resources for building cryptocurrency mutual funds, allowing users to easily create their funds on the cloud platform while ensuring the encryption and storage of all fund-related information on BFDChain.

As the market capitalization of cryptocurrencies continues to rise, there is a growing demand for maintaining and appreciating the value of crypto wealth. Befund aims to meet this demand by focusing on mutual funds for cryptocurrency and eventually completing its financial ecology of cryptocurrencies. By leveraging blockchain technology and implementing innovative solutions, Befund offers a decentralized platform that empowers investors to navigate and prosper in the dynamic cryptocurrency market.

Befund utilizes various technologies to ensure the reliability and security of its platform. The Consensus Algorithm employed is VM-DPoSW, which stands for Virtual Machine-Delegated Proof of Stake and Work. This algorithm ensures the efficient validation and agreement on transactions within BFDChain. To provide anonymity and unlinkability for coin spending, Befund utilizes the USH encryption algorithm. Additionally, BFDChain adopts the Micoservices-Based Mainchain/Sidechain (MMS) Architecture, which enhances scalability and flexibility for the platform’s operations. Through these technologies, Befund aims to create a robust and trusted ecosystem that supports the growth of cryptocurrency mutual funds.