About Beyond Protocol
Beyond Protocol was started by Silicon Valley-based technologists in January 2018 to harness the explosive power of merging distributed ledger technology with IoT. Beyond Protocol eliminates hacks and facilitates machine-to-machine value transfer. With security as a given, Beyond Protocol allows us to feel comfortable opening up our devices for collaboration. Using them like threads of yarn, the dreamers among us can weave together inventions we would have not thought to conceive. From the smart phone -- a camera, a touch screen, GPS, an internet connection -- applications were built which revolutionized entire industries (e.g. Uber and Instagram). From Beyond Protocol, mega applications can be engineered on top of any combination of IoT devices: from smart pills to satellites. Imagine a Nest smoke alarm paying a drone to put out a fire, and the drone making micropayments to weather towers along the way to determine the best route. Beyond Protocol sets out to be the ethical language of machines. After over a year of R&D, in early 2019, the Beyond Protocol team put forth the first iterations of its novel technology to a handful of partners. The technology allows its partners, with one line of code, to 1. enable secure message brokering between devices through hardware signatures 2. equip devices with a cryptocurrency and fiat based payment gateway. Beyond seeks to build real, practical solutions for device security and payments from consumers to devices, and soon, among an economy of devices. Beyond envisions a future where good triumphs over evil and technology can work to create an exponentially more safe and more beautiful world.
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Additional info about Beyond Protocol
Recent trends
The current price is $0.000062 per BP with a 24-hour trading volume of $0.00.
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Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xdF290B162a7D3E0A328cF198308D421954f08b94 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000062 | NaN% |
1 Day | $0.000062 | 0.00% |
1 Week | $0.000062 | 0.00% |
1 Month | $0.000062 | 0.00% |
1 Year | $0.0011 | 0.00% |
FAQ
According to the website, Beyond Protocol aims to create a secure protocol with blockchain's trust and safety, delivering industrial-grade identity, an authorized data source, and safe machine-to-machine transactions.
Beyond Protocol seeks to become a support system of IoT by offering creators and chip manufacturers a fresh set of tools capable of producing limitless applications on top of microcontrollers and IoT sensors. The apps and devices seek to get connected to a reliable, decentralized network driven by smart autonomous contracts—a joined world managed by Beyond Protocol.
The two major problems that are presently facing IoT are security and interoperability. But, Beyond Protocol's resolution aims to be solid and refined—a highly adaptable protocol that connects blockchain and hardware signatures, thus making way for a suitable base. Blockchain is an unyielding public ledger that aims to form a reliable record of network activities. Here, hardware signatures seek to determine each network device, allowing a safe basis for cooperation in a secure environment.
Beyond Protocol aims to employ a proof-of-stake consensus protocol to confirm block transactions. The mechanism seeks to allow validators to connect or lock up $BP to donate to the security and management of the blockchain. The proof-of-stake protocol aims to work across all the related applications within the Beyond Protocol network.
Every user partaking in staking can acquire rewards and vote for the protocol's future. A user needs to stake $BP tokens to participate in the block validation. After the block is executed, the transaction prices are collected and dispersed based on the ratio of staked tokens.
The staking awards can be acquired any time after a transaction is ended. The commissions differ between validator nodes, while the calculated commission percentage is approximately 10% to 15%. If a stake is 10,000 $BP, the award can stand up to 1,500 $BP per transaction.
Jonathan M. Manzi, Denis Benic, and Gurvinder Ahluwalia are the cofounders of the token.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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