BEMPIRE is the key step in the BEM foundation’s roadmap of entrepreneurial investments. The BEMPIRE is a blockchain that enables decentralized applications and stores transactions. BEMPIRE as a blockchain will guarantee the fidelity and security of the records and data, also provides trust without the need for a trusted third party.
A blockchain will allow the data held in that database to be spread out among several network nodes at various locations. This not only creates redundancy but also maintains the fidelity of the data stored therein, for example, if somebody (a node) tries to alter a record at one instance of the database, the other nodes would not be altered and so would prevent a bad actor from doing so. Also, the bad actor with incorrect data will easily be pinpointed and remedies to prevent malevolent actions will be placed. This system helps to establish an exact and transparent order of events. This way, no one node within the network can alter information held within it.
In a blockchain, the record could be a list of transactions (such as with a cryptocurrency), but it also is possible for a blockchain to hold a variety of other information like legal contracts, state identifications, or a company’s product inventory which makes it possible to implement lots of innovative ideas upon this technology.
PoA – Proof of Authority
BEMPIRE uses a PoA consensus algorithm. The term PoA or Proof of Authority was coined in 2017 by Gavin wood the co-founder of Etherium and Parity Technologies. The PoA consensus allows the blockchain to have high-speed transactions and a low cost.
In blockchain platforms, consensus about the validity of a transaction or data could be reached with a different kind of mechanism. PoA is an algorithm used in blockchains as a permissioned consensus mechanism which unlike, permissionless blockchains where anyone can become a node, in permissioned blockchain all nodes are pre-selected. This allows having consensus with high scalability and bandwidth. In addition to fast transaction speed and affordability, the PoA is very secure against DDoS (Distributed Denial-of-Service) attack and also 51% attack.
BEMPIRE is the BEM foundation’s dedicated blockchain. BEMPIRE enables high-speed transactions speed with low cost. BEMPIRE boasts the latest technologies and the possibility to implement Dapps, smart contracts, DeFi Project, Stable coins, Tokens, decentralized games, NFTs, NFT market, Wallet, SWAP, DEX, etc.
BEMPIRE is fully compatible with EVM (Etherium Virtual Machine) programs so you can use and improve your old Solidity codes easily in BEM foundation’s dedicated blockchain. BEMPIRE provides a great and easy infrastructure for creators and developers to quickly implement their own contracts, tokens, Dapps, etc.
The usage of the latest blockchain technologies in BEMPIRE makes it a really fast platform and together with its very low cost of transaction and program implementation, creators and developers can quickly build their own apps and even more quickly generate a decent income.
Here are some basic specifications of BEMPIRE blockchain:
- At the launch time, BEMPIRE in addition to its main server will have four validators and these validators can be increased in the future
- Blocks are created every 4 seconds and two BEM (the official coin of BEMPIRE) will be rewarded to validators
- There will be a private sale before the launch
- BEM (the official coin of BEMPIRE) firstly will have a private sale and then ICO in some of the major exchanges to be publicly tradable
- There will be total of 100.000.000 (One hundred million) of pre-minted BEM at the launch time of BEMPIRE which it seems from early internal negotiations no more than 20% of these coins will be offered publicly
More info about the tokenomics of BEMPIRE including the ICO amount and time, amount of monthly coin burns, Airdrop program, creators share, etc will be revealed with the official unveiling of the BEMPIRE and its whitepaper.
BEMPIRE official site and its blockchain explorer are going to be launch in upcoming days. There is also an unveiling for a grid website, which provides necessary information for creators and developers.
Finally yet importantly, with the launch of BEMPIRE, simultaneously official BEM foundation’s SWAP and Stable Coin will be released. In addition, BEMT and BCN tokens together with the BemChain project all will migrate to BEMPIRE blockchain.