Beldex

Beldex coin transactions are based on the improvisations to the cryptonote protocol. A one-out-of-many proof (RingCT) is used to obfuscate the sender, while stealth addresses are used to protect the identity of the receiver. The Beldex RingCT uses 10 transactors’ inputs and outputs. Thus, the original input and the output can be verified on the whole, however, the sender’s input and output remains confidential. Ring signatures, on the other hand, lock the key image associated with the transaction, thus, they allow for a transaction to be validated without the private key of the sender

Privacy coins employ a range of privacy preserving techniques to anonymize transactions but face difficulties with scalability. The Beldex coin employs novel methods such as POS to resolve scalability issues and achieve truly private transactions.

Masternodes are the foundation of the Beldex network. Masternodes are full nodes that store the entire copy of the blockchain, validate every transaction and help secure the network. The greater the number of masternodes, the stronger is the network. A great number of Beldex masternode holders are its community members, while Beldex has also partnered with Evonodes shared masternode pools for passive staking.

BDX is a low satoshi masternode crypto and thus has a very low lock-in or entry threshold to set up a masternode.