Has a Platform Offering 40m TPS Found the Key to Blockchain's Mainstream Adoption?

BEXAM initially intended to serve the cryptocurrency market as a hybrid exchange which used a unique algorithm to deliver the best features of centralized and decentralized platforms alike.

The team behind BEXAM says that, at present, enterprises have been faced with an unpleasant dilemma.

By exposing greater numbers of entrepreneurs to its potential, and proving what the technology has to offer, BEXAM thinks "Relevant, everyday uses of blockchain [will] emerge more and more."

Despite the change in focus, BEXAM stresses it will welcome startups "with a similar philosophy and desire to build applications" using its platform.

A unique network structureAccording to the company, the dizzying speeds that BEXAM's network is capable of achieving are thanks to a consensus algorithm known as Proof of Rounds which was developed by a Japanese engineering team.

BEXAM's PoR algorithm generates blocks in order rather than at random, and functions based on a hierarchy of Master Nodes, Super Nodes and Normal Nodes.

BEXAM has provided a table which compares the maximum number of transactions per second it can handle to other systems.

While Bitcoin can manage 7 TPS and Ethereum musters 20 - with mainstream rivals such as PayPal and VISA managing 450 and 56,000 TPS respectively - BEXAM's algorithm can handle 40 million.

The Proof of Rounds algorithm was devised by a development company known as Early Works, and BEXAM has an exclusive partnership agreement to build a platform based on this concept.

A token which is native to BEXAM's ecosystem, known as BXA, will serve as a way for enterprises to pay network usage fees and transaction fees.