Beldex Wallet is a platform that lets you store your cryptocurrencies and make use of the same in the cryptosphere created by the Bledex community. The coin offers multiple features in the Beldex ecosystem. You can pay for your taxi trips and ensure your delivery are paid with ease. Beldex has ensured that their decentralized platforms provide the benefits that haven’t been witnessed by the world yet.
The sender's public key gives way to the ring structure, and the ring is merged with other similar rings. The merging of these rings occurs in a hexagonal pattern to obfuscate or misguide the address of the original sender. The value in all transactions is protected by Ring private transactions, which morphs the amount by multiplying it with a random number generator function. It uses Pedersen commitment to this process. The entire process enables a user to get anonymity and tracing such transactions becomes a herculean task. These Beldex coins can be used for private(Untraceable) and Public ledger based (traceable) in the blockchain platform.
Beldex plans to make this coin even more self-sustaining by adapting ring XT technology for its August upgrade. As a result of this adaptation, the entire process becomes more anonymous than ever before, leading to even lesser failure rates in tracking. Ring XT uses the same hexagonal ring combination to ensure the highest level of security. Also, the XT ring structure helps in faster transactions supporting the blockchain.
The vision of the company is to ensure that the coin remains liquidated and the rewards are given to the coin holders in the Beldex User Base. One can purchase the coin and be a part of the whole Beldex ecosystem.