Beldex Coin is a relatively new digital currency that aims to make privacy the primary focus by establishing and promoting a comprehensive ecosystem of products. While there are many peer-to-peer cryptocurrencies that offer private transactions, they are usually not as secure as you want them to be.
That's why Beldex is attempting to create a diverse range of products within its ecosystem so its users can ensure their safety and privacy. Some of the key products in the Beldex ecosystem include Beldex Privacy Protocol, Beldex Browser, BelNet, BChat, and Beldex Wallet for Android and iOS.
Instead of relying on a proof-of-work (PoW) protocol like Bitcoin, Beldex uses a proof-of-stake (PoS) method. It means that there are master nodes on the network that validate transactions and rights for the users. Those who stake BDX coins earn the right to become a master node and validate transactions. Rewards are distributed based on a queue.
Recently, the PoS protocol of Beldex went through an update which led to a reduction in transaction time along with an increase in stake rewards. Now, users have the option to engage in BDX transactions that can be validated in a matter of seconds.
One of the key indicators of any virtual coin's success is its price movement and long-term stability. As compared to traditional cryptocurrencies such as BTC and ETH, the Beldex coin rate has proved to be far more stable. The Beldex Coin price today in Indian Rupees is around INR 6.40 or $0.0809. For Indian crypto investors, it becomes much easier to trade if they convert BDX to INR.
If you take a look at the trend of Beldex Coin price in INR, you will observe that the rate has fluctuated within a small range of INR 5.50 and INR 12.00. While Beldex Coin's price today is $0.0809, it has remained between $0.0890 and $0.0790 in the last 30 days or so. This means that the overall bearish trend of the stock and crypto markets has not impacted Beldex Coin which is a promising sign.
Although Beldex Coin price today shows a pattern of long-term stability, it doesn't mean there are no growth opportunities. In fact, in reality, it is the exact opposite. While nobody can guarantee a price surge in the future, Beldex Coin price prediction for 2025 in INR has shown promise. It is difficult to say by how much the BDX price will rise but recent trends definitely point toward consistent growth.
There is a multitude of fundamentals that have laid the foundation of the BDX ecosystem and they are expected to drive price growth in the coming years. Some of the most critical factors are discussed below.
It should be kept in mind that Beldex is basically a fork of Monero which was developed to ensure a high level of transaction privacy. That's one of the reasons why Beldex Coin currently offers a number of features that will be crucial in terms of pushing the coin's price.
⭐ Completely Untraceable
While many other coins like Monero offer privacy, the user's information isn't fully secure. Beldex relies on three different technologies to ensure the user stays anonymous. The ring signature is used to conceal the identity of the sender and Ring Confidential Transactions (RingCT) enables validation of transactions without showing the transaction amount. Moreover, Beldex also comes with Stealth Addresses which guard the identity of the receiver.
⭐ Available On Multiple Exchanges
Any cryptocurrency is only as accessible as the exchanges it is sold on. Fortunately for Beldex users, the BDX coin can be found on a number of different exchanges including BTC-Alpha, MEXC, STEX, HitBTC, CoinsBit, and Hotbit.
Make sure you select the right exchange to trade Beldex. If you are an Indian trader, converting BDX to INR can be quite helpful in terms of executing trade orders.
⭐ Airdrop & Conditional Transactions
The owners of master nodes who stake their BDX coins are entitled to a certain amount that is deposited in their wallets periodically. The payment is made in BDX coins so they can continue to increase their stake or investment as desired. Apart from that, the Beldex ecosystem has enabled conditional transactions which means that users can set the terms that must be fulfilled in order to execute a certain transaction.
⭐ Block Rewards
Beldex ecosystem distributes block rewards using a proof-of-work protocol which has demonstrated success in terms of providing a robust infrastructure for creating blocks and validating transactions. Those who stake BDX tokens can write transactions onto blocks and receive their standard fees of 2 BDX. Since there is a consensus rule, every block has a number of reward outputs and only one of them goes to the staker.
⭐ Master Nodes
While Beldex incorporates innovative enhancements on the upper end of the CryptoNote technology, most of Beldex’s infrastructure capability and scalability are facilitated by a collection of compensated nodes dubbed Master Nodes. To run a Master Node, an administrator time-locks a considerable quantity of Beldex and offers a required threshold of speed and memory to the system.
In exchange for services rendered, Beldex Master Node owners earn a share of the block reward out of each block. It is interesting to note that BDX can be staked individually or as a part of a larger pool. The minimum amount you should put up is 10,000 BDX or around 64,000 Indian Rupees.
⭐ Built-In Trustworthiness
Almost all cryptocurrencies offer no recourse in the event of any malfeasance which can be discouraging for existing and potential crypto users. That's not the case with Beldex. In the event that the owner of the coin alleges a fraudulent transaction and the accused beneficiary fails to defend the trade, the ruling of the review board will allow the owner to reverse just that single transaction.
As the primary focus of the Beldex Coin and its ecosystem is to enable users to maintain their privacy and anonymity on the blockchain, the project offers its own set of applications and services. Although there are many more apps in the pipeline, currently the following are available to the users.
⭐ Beldex Browser - Just like every other service in the ecosystem, Beldex Browser is all about keeping you anonymous and protecting your privacy. This means that when you open websites on Beldex Browser, you don't have to worry about cookies, JS trackers, and ad trackers.
⭐ Beldex Wallet - One of the most significant parts of maintaining your privacy is about ensuring secure storage of your BDX Coins. That's exactly what Beldex Wallet delivers as you can store your BDX tokens on the decentralised desktop or mobile wallet. You can get the BDX Wallet from the iOS or Android store.
⭐ BelNet - If there is one service that every privacy-focused cryptocurrency and blockchain network needs, it's a VPN. BelNet is a decentralised VPN service that allows users to conceal their IP addresses and change their current location whenever necessary.
⭐ Beldex Private Ecosystem - Unlike a service, this is more of a feature that connects different parts of the Beldex ecosystem including Beldex blockchain, browser, messenger, wallet, VPN, and Beldex Bridge.
⭐ BChat - As the name suggests, BChat is a messenger that's fully end-to-end encrypted to ensure users' privacy. The users have the ability to create their account anonymously and Beldex Wallet comes built-in for quick and easy buying and selling of BDX coins.
2021 was an important year for Beldex as the project accomplished a number of milestones including Binance Smart Chain Bridge, Proof-of-Stake Testing, and Bucephalus Fork. Currently, Beldex has its eyes on kick-starting and investing in its ecosystem as it plans to complete a range of tasks in 2022 including wallet release, BChat alpha version release, and ecosystem development.
Once these objectives are met, the next phase for Beldex is all about ECM integration and advanced development of the blockchain as well as its ecosystem. Developers are also realising the legitimacy of the Beldex project as they are now interested in developing decentralised apps for the platform and helping Beldex scale its operations. The open-source community seems to have an aura of excitement when it comes to the Beldex project. This is one of the reasons why Beldex Coin price predictions have generally been an optimist in their future outlook.
Beldex may be a new cryptocurrency in the blockchain sphere but it has got its fundamentals just right. The Beldex project does not only have the technical prowess and experience to develop and nurture a robust ecosystem of decentralised privacy-oriented apps but they have also been able to partner with some of the most prominent players in the crypto industry.
That's why Beldex Coin price today has shown stability even in a bear market where even traditional and more established digital currencies have felt the impact. Beldex Coin rate is expected to surge as the ecosystem develops and becomes more and more functional.
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