We could fake humbleness… but we are building something truly game-changing.

The decentralized industry is facing what is commonly described as the DSC problem — where decentralization, scalability (high network speed) and cost (low cost for the network) cannot be attained all at once.

Bitcoin and Ethereum are highly decentralized, but transactions are costly and take long to process.

Ripple is much faster, less expensive, but less decentralized.

Meanwhile, BGX has developed a whole new consensus model on the basis of the Federative Byzantine Agreement. We call if proof-of-loyalty. No blocks. Only nodes each owned by businesses earning a small fee from each transaction processes.

A limited number of nodes allows each one to handle enough transactions to remain profitable at low fees. The “cluster” model of the nodes means that a transaction has to be verified by a certain quorum, but not all nodes synchronise all transactions all at once (much faster speeds).

Moreover, there is a planned integration of the top-tier AI system designed to further strengthen security of the network.

The consensus algorithm is fully developed and the alpha version of the network is expected to be live by the end of 2018.