Hong Kong Biyibao Group betBEB R&D team has people from all over the world Composed of 193 senior programmers, it has been committed to building a world-class digital currency platform since 2018, and officially launched [Public Chain BEB] and related applications on the chain in April 2020.
In order to solve many deep-rooted problems such as exchange convenience, circulation difficulties, project closure and involution in the blockchain financial field. 【Public Chain BEB】——a global pan-financial service public chain, a blockchain project in the direction of digital currency wallet + payment application + digital currency C2C transaction + financial services.
[Public Chain BEB] will create a professional low-threshold digital currency pan-financial service platform through public chain technology, starting from the field of encrypted digital currency financial services, and gradually empowering the real economy. The project transforms and upgrades the existing DAO technology, creatively uses DAO for protocol management, and uses DAO driver and AI technology to manage the rule set, which is extremely inclusive and can give full play to the efficient and transparent role of the decentralized system to achieve Trusted circulation of assets on different chains.
The service direction of [Public Chain BEB] includes the following three points:
1. Inclusive participation, allowing more users to enter the digital asset field with a low threshold.
2. Improve the application scenarios of digital assets and realize more digital asset financial services.
3. Empower the real economy through financial services and realize the transformation of traditional industries by blockchain technology.

consensus algorithm< /span>

The Token system of the BEB public chain can The programming smart contract is not only the same as the underlying architecture of Ethereum, but also adds a VPOW mechanism (Vote Of Proof Word, voting workload proof), which distributes blocks evenly through the "voting workload proof" of the sports bracelet DAPP light node award. The BEB public chain blockchain system generates a block every 15 seconds on average, and each block rewards 5 BEB digital currency and transaction fees.

To ensure "one sports bracelet, one node" , the system adopts the authorization method of node verification, adding "trusted nodes" to participate in the voting work of the whole network, and the trusted nodes will permanently obtain the right to vote. The credit node automatically casts a vote for the node every 60 seconds, and accumulates the number of votes until it reaches the number of winning votes in the entire network and receives rewards. After that, the votes of this node will be reset to zero and recalculated. Every 600 seconds on the whole network, a node with the most votes will be selected as the winning node, and a block reward of more than 100BEB and less than 200BEB will be given. The details are as follows:
Basic reward: 100BEB
Dynamic reward formula: real-time winning votes of the entire network/1000 (guaranteed 100BEB)
Total block reward: (100-200BEB )
Total block reward formula: 100BEB+ real-time winning votes of the whole network/1000 (guaranteed 100BEB)

The system always takes the "node with the highest number of votes" as the winner Nodes, in order to prevent hacker attacks that destroy the fairness of consensus rewards. In a decentralized network, VPOW implements the voting rules that all participating nodes unconditionally abide by. It is impossible for light nodes that do not participate in voting to obtain block rewards of.

Project positioning< /span>

This project team created the BEB project. BEB is a global pan-financial service public chain. BEB is not only to solve the existing problems in the encrypted digital currency market, but also because we have seen the future trend: in the era of blockchain, equity investment companies will decline , the tokenized investment community will be popular. In the next ten years, the market size of digital currency investment management will reach tens of trillions of dollars, and everyone will become a holder and investor of digital currency. It is against this background that BEB came into being.

The current blockchain digital currency market lacks financial foundation Service facilities, while the traditional financial system simply cannot provide fair services for the encrypted digital currency market. BEB will create a professional low-threshold digital currency pan-financial service platform through public chain technology, starting from the field of encrypted digital currency financial services, and gradually empowering the real economy. The project transforms and upgrades the existing DAO technology, creatively uses DAO for protocol management, and uses DAO driver and AI technology to manage the rule set, which is extremely inclusive and can give full play to the efficient and transparent role of the decentralized system to Trusted circulation of assets on different chains.