BXN BXN Price

What is BXN (BXN)?

BlackFort Exchange Network (BXN) is a powerful blockchain platform designed to be fast, secure, and efficient. As a Layer 1 blockchain, it is compatible with the Ethereum Virtual Machine (EVM), meaning it works well with Ethereum-based applications. BlackFort uses a unique Proof-of-Staked-Authority (PoSA) system, which combines staking and authority-based consensus for better performance and governance.

Key Features of BlackFort
Smartchain Technology:
BlackFort's smartchain technology enhances the management of digital assets, making it easier and safer to transfer assets and execute smart contracts, which automate complex transactions.

BXN Utility Token:
The BXN token is used for transaction fees, data storage, and running validator nodes through staking. This helps keep the network secure and operational.

Tokenomics:
Launched on April 22, 2020, BlackFort has a total supply of 49,999,999,999 BXN tokens. Of these, 10.5 billion tokens (21%) are used to secure the network through Delegator Node-NFTs, and 29.5 billion tokens (59%) are distributed as block rewards over ten years.

Principles Guiding BlackFort
Standalone Blockchain:
BXN operates independently, not as a layer-2 solution, allowing it to complement other blockchains and support cross-chain transfers.

EVM Compatibility:
Being EVM-compatible means BlackFort can use Ethereum's ecosystem with minimal changes, making it easier for developers to migrate their applications.

Staking-Based Consensus and Governance:
BlackFort’s PoSA system is environmentally friendly and offers flexible community governance. It also ensures faster block creation and higher transaction capacity.

Technical Specifications
Blocktime and Halving Period:
BlackFort processes a new block every 5 seconds. The block reward halves every 6,000,000 blocks, which is approximately one year. For example, the fifth year starts at block 30,000,000.

Proof of Staked Authority (PoSA):
The PoSA system allows users to stake their tokens and earn rewards by validating transactions. This method is energy-efficient and doesn’t require expensive hardware, making it accessible to more users.

BlackFort Wallet Application
The BlackFort Wallet is a multicurrency app available for iPhone and Android. It offers secure management of digital assets. BXN holders get reduced fees and can participate in special projects and airdrops.

Further Utilities for BXN Holders
BXN tokens are used within BlackFort products and services. They can reduce fees in the BlackFort wallet and B2B services, making transactions and onboarding cheaper and more efficient.

Conclusion
BlackFort (BXN) is a robust blockchain platform designed for speed, security, and efficiency. Its innovative features like PoSA and EVM compatibility make it a strong contender in the blockchain space, suitable for various digital applications.
 

What is unique about BXN (BXN)?

BlackFort Exchange Network (BXN) is unique due to its Layer 1, EVM-compatible blockchain that utilizes a Proof-of-Staked-Authority (PoSA) consensus mechanism, offering fast, secure, and efficient transactions with easy access to delegation.
 

Who are the founders of BXN (BXN)?

The specific founders of BlackFort Exchange Network (BXN) are anonymous.
 

Where can I buy BXN (BXN)?

 Gate.io, MEXC, BitMart, LBank, Biconomy