BAXE

baxe logo

BAXE Dual Blockchain

BAXE is utilising a multi-chain approach to perform the needs of the various functionalities baked into the platform and ecosystem. The dual-chain infrastructure will offer users speed and security within the BAXE ecosystem and the opportunity to participate in emerging decentralised financial systems. For public blockchain network functionality, BAXE is being built on top of Ethereum, which is also blockchain where the future BMC will reside. Further, decentralised finance (DeFi) features that will integrate into the BAXE ecosystem will likely utilise the Ethereum network.

Hyperledger Besu
(Private Chain)

The Ethereum client is designed to be enterprise-friendly for public and private permissioned network use cases. It is often used for large-scale applications that require secure, high-performing transaction processing within a private network, making it an excellent use case for BAXE. Any BSC and associated smart contracts functionality within the BAXE ecosystem will run on this chain.
BAXE’s version of Hyperledger Besu was developed in collaboration with Consensys to operate as a network structure that various governments have also adopted. BAXE’s Hyperleger Besu solution will allow the application to plug right into regulated networks across the globe.
A permissioned chain is a prerequisite for creating a bridge between traditional finance and Web3. Currently nearly all institutions and governments are not ready to operate with public blockchains. Therefore, BAXE’s Hyperledger Besu permissioned blockchains require adherence to KYC/AML protocols for anyone who wishes to gain access – meeting a compliance standpoint for every legal, regulated financial institution.

Ethereum
(Public Chain)

Ethereum is a decentralised, open-source, public blockchain with smart contract functionality. BAXE is utilising the Ethereum public blockchain for opportunities that allow users to extract value through platforms and protocols outside the BAXE ecosystem. BAXE is building with Ethereum because, as a public network, the chain has proven its ability to continue running in a decentralised manner. Such a track record is essential when integrating support for DeFi, DAOs, NFTs, and other Web3-enabled functionalities.
Composability is a driving factor for integrating support for Ethereum. With the “lego blocks” of tooling built by thousands of international open-source developers, apps in the BAXE ecosystem can copy-paste desired functionality according to the demand and needs of their users.
Further, the ERC-20 token standard is well known across developer communities and has institutional trust as a fundraising mechanism. The BMC token will live on Ethereum as an industry-trusted standard.