Beldex

Beldex (BDX) is a privacy-focused blockchain ecosystem that lets users conceal transaction details. The project draws on privacy techniques from the CryptoNote family used by Monero; through methods such as ring signatures and one-time stealth addresses, it prevents sender, recipient and amount information from being visible to outsiders. BDX is the native crypto asset of the Beldex network.

The network has a proof-of-stake-based structure in which nodes called masternodes, which operate by posting BDX collateral, validate transactions. The Beldex ecosystem is not limited to payment privacy: the encrypted messaging app BChat, the privacy network BelNet that routes traffic through these nodes, a privacy-focused browser and the Beldex Name Service, which gives wallet addresses readable names, are all part of it. BDX is used for network transaction fees, masternode collateral and services within these applications.

For privacy coins, the price can be strongly influenced by the usage of ecosystem applications, the trend in supply locked in masternodes and, in particular, exchanges' listing decisions regarding privacy coins and regulatory approaches. Lzzo.com uses DefiLlama's US dollar reference data for the Beldex price, and the chart is built from the same source.