BETHEL: Next-Generation Decentralized ZKP Data Security and Storage Platform

What is BETHEL

Friends, imagine when we store photos, files, or use various applications online, all our data is concentrated in the hands of a few big companies. It's like putting all your eggs in one basket—if something happens to the basket, our data security and privacy could be at risk. BETHEL (abbreviated as BECX) is a project that aims to create a safer, more private “decentralized data vault” and “smart application factory” for everyone.

Simply put, BETHEL is a platform based on blockchain technology, with the core goal of providing decentralized data storage and data security solutions. It's not just a storage space, but more like a “digital infrastructure” that allows various applications to run securely and data to be strictly protected. You can think of it as a super-secure digital warehouse, and also a platform for developers to build all kinds of innovative applications, especially those that require high levels of privacy and security, such as financial transaction records, medical health information, and even data generated by artificial intelligence and IoT devices.

Its typical use cases include:

• Secure storage of sensitive data: For example, hospitals can securely store patients’ encrypted data on BETHEL, accessible only to authorized personnel, and the viewing process does not leak the data itself.
• Enterprise-level data protection: Companies can use its technology to protect business secrets and customer information, preventing data leaks.
• Support for decentralized applications (dApps): Developers can build various decentralized applications (dApps) on BETHEL, with more secure and transparent data storage and operation. (
  Decentralized applications (dApps): You can think of them as applications that do not rely on any centralized server and run directly on the blockchain, like a shared software without a boss.)

Project Vision and Value Proposition

BETHEL’s vision is to become a transformative force in the blockchain technology field, focusing on providing enhanced security, efficiency, and future-oriented solutions. The core problems it aims to solve are privacy leaks, data security risks, and inefficiencies under the current centralized data management model.

It’s like a “Swiss bank” in the digital world, promising users ultimate data privacy and security. It introduces an advanced technology called “Zero-Knowledge Proofs” (ZKP), allowing data owners to prove they possess certain information without revealing the information itself. (
Zero-Knowledge Proofs (ZKP): Imagine you want to prove to a friend that you have a key to open a door, but you don’t need to show the key or let your friend see you open the door—your friend can still believe you have the key. That’s zero-knowledge proof: proving the truth of a fact without revealing the specific information.)

Compared to similar projects, BETHEL’s differentiator is that it not only provides decentralized storage, but also emphasizes the integration of zero-knowledge proof technology to enhance data privacy, and supports blockchain data encryption for real-world assets (RWA). (
Real-World Assets (RWA): These refer to assets that exist in the real world but are digitized and tokenized through blockchain technology, such as real estate, artwork, stocks, etc.)

Technical Features

BETHEL’s technical core lies in its deep focus on data privacy and security, mainly reflected in the following aspects:

• Zero-Knowledge Proof (ZKP) technology: This is BETHEL’s “killer feature.” It allows users to verify the authenticity of data without revealing the original data. For example, you can prove you are over 18 without telling the other party your exact birth date. This is crucial for handling sensitive information (such as medical records, financial transactions).
• Decentralized storage (ZKPStorage): Your data is no longer stored centrally on a company’s server, but distributed across multiple nodes worldwide. This greatly reduces the risk of data being attacked or lost, like storing your important files in multiple safes instead of just one place.
• Built on Polygon CDK: BETHEL is using Polygon CDK (a development toolkit for building customized blockchains) to build its own blockchain. This means it can maintain compatibility with the Ethereum ecosystem while having greater flexibility, scalability, and security—like customizing an exclusive lane on a highway, enjoying high speed and adjusting the lane rules as needed.
• Multi-language, containerized development environment: BETHEL provides a flexible development platform supporting multiple programming languages and adopts “containerization” technology. (
  Containerization: You can think of it as packaging an application and everything it needs to run into an independent “little box” that can run anywhere without interfering with others—very convenient and efficient.) This makes it easier and more efficient for developers to build and deploy various applications on the BETHEL platform.
• ZKPe enterprise security protocol: This is a data security protocol specifically designed for enterprises, aiming to protect sensitive information through advanced blockchain technology.
• DePIN-supported on-chain asset storage: BETHEL also supports Decentralized Physical Infrastructure Networks (DePIN) for on-chain asset storage. (
  Decentralized Physical Infrastructure Network (DePIN): You can think of it as using blockchain technology to coordinate and incentivize real-world physical infrastructure, such as decentralized storage servers, wireless network hotspots, etc., so everyone can provide services and receive rewards.)

Tokenomics

The token of the BETHEL project is BECX.

• Token symbol: BECX
• Issuing chain: Although there is information that it initially ran on the Polygon platform, more accurately, BETHEL is using Polygon CDK to build its own customized blockchain, so BECX will be its native token.
• Maximum supply: The total supply of BECX is set at 1 billion.
• Inflation/Burn: There is currently no clear mention of inflation or burn mechanisms in the available information.
• Current and future circulation: Some information shows the current circulation is 0, while other information shows the circulation is 1 billion (i.e., the maximum supply). There may be information lag or statistical differences, which need further verification.
• Token utility: Although the detailed uses in the whitepaper are not fully disclosed, based on the nature of the project, BECX tokens are likely used for:
  • Paying service fees: Users may need to use BECX to pay for data storage, data encryption, use of platform computing resources, and other service fees.
  • Network governance: Users holding BECX tokens may have the right to participate in future project decisions, such as voting on protocol upgrades, fee adjustments, etc.
  • Incentive mechanism: BECX may be used to reward participants who provide storage space, computing power, or maintain network security.
• Token allocation and unlocking information: The available information does not detail the specific allocation ratio and unlocking plan, but mentions a BECX token private sale and initial exchange offering (IEO) in 2024.

Team, Governance, and Funding

• Core members: The BETHEL project was founded by an expert team from Future CX Pty Ltd. The CEO is Craig Bricknell.
• Team characteristics: The team is described as a group of professionals dedicated to a common vision and pursuit of excellence, focusing on enhancing BETHEL’s functionality and impact.
• Governance mechanism: BETHEL is positioned as an open-source platform driven by a community of developers, researchers, and users. This suggests that in the future, community governance models such as decentralized autonomous organizations (DAO) may be adopted, allowing token holders to participate in project management and development.
• Treasury and funding runway: The available information does not disclose details about the project’s treasury size or funding operations.

Roadmap

The BETHEL project started in 2019 and has already achieved a series of important development milestones and future plans:

• 2019 (Foundation):
  • Project conceptualization.
  • Co-founders established Future CX Pty Ltd.
• 2020 (Formation and Development):
  • Silver sponsor of the 18th World Blockchain Summit (online).
  • Team formation.
  • Prototype design and development.
  • Whitepaper release.
  • Core prototype development.
• 2021 (Maturation):
  • Beta version release.
• 2022 (Expansion):
  • Silver sponsor of the 25th World Blockchain Summit (Singapore).
  • BETHEL testnet launch and airdrop.
• 2023 (Milestones):
  • Sponsor of Australian Crypto Convention 2023.
• 2024 (Now and Future Plans):
  • BECX token private sale.
  • Zero-knowledge proof (ZKP) technology implementation.
  • Decentralized Web 3.0 ZKP storage release.
  • Sponsor of TOKEN2049 2024 (Singapore).
  • BECX token initial exchange offering (IEO) — on CoinStore.
  • BECX token listing.
  • BETHEL decentralized identity (DID) launch.
  • Operational expansion.
  • Decentralized ZKP POD seamless Web2.0 to Web3.0 database hosting.
  • Member of the Australian Digital Economy Committee.
  • Strategic integration partnership with Polygon.
  • Strategic implementation provider partnership with Zeeve.
  • Strategic decentralized storage partnership with DeStor.

Common Risk Reminders

All blockchain projects come with risks, and BETHEL is no exception. When considering participation in any cryptocurrency project, please remain vigilant and be aware of the following potential risks:

• Technical and security risks:
  • Smart contract vulnerabilities: Although the project emphasizes security, smart contract code may still have undiscovered vulnerabilities that could lead to asset loss.
  • ZKP technology complexity: While zero-knowledge proof technology is powerful, its implementation and auditing complexity may also bring potential technical risks.
  • Network attacks: Any blockchain network may face various network attacks, such as 51% attacks (if the consensus mechanism allows), DDoS attacks, etc.
• Economic risks:
  • Market volatility: The cryptocurrency market is highly volatile, and the price of BECX tokens may rise or fall sharply in a short period, with a risk of principal loss.
  • Liquidity risk: If token trading volume is insufficient, it may be difficult to buy or sell tokens when needed.
  • Competition risk: The decentralized storage and privacy computing field is highly competitive, and BETHEL needs to continuously innovate to remain competitive.
  • Token circulation discrepancies: There are currently differences in information about BECX token circulation (0 vs 1 billion), which may affect market judgment of token value and requires official clarification.
• Compliance and operational risks:
  • Regulatory uncertainty: Global regulatory policies on cryptocurrencies are still evolving, and future policy changes may affect project operations and token value.
  • Project progress below expectations: Plans in the roadmap may not be completed on time due to various reasons (such as technical challenges, funding issues, team changes).
  • Centralization risk: Although it is a decentralized project, there may be a certain degree of centralization risk in the early stages, such as the team having significant influence over project development.

Please remember: The above information is for reference only and does not constitute any investment advice. Be sure to conduct your own independent research (DYOR) before making any investment decisions.

Verification Checklist

To gain a more comprehensive understanding of the BETHEL project, you can further verify through the following methods:

• Block explorer contract address: Look up the BECX token contract address on Polygon or other chains, and use a block explorer (such as Polygonscan) to view token issuance, holder distribution, and transaction activity.
• GitHub activity: Visit BETHEL’s GitHub repository (if public) to check code update frequency, number of contributors, and community activity, which reflects project development progress and transparency.
• Official whitepaper: Read the official whitepaper carefully to understand the project’s technical details, economic model, and future plans.
• Official website and social media: Follow BETHEL’s official website (bethelnet.io) and social media such as Twitter, Telegram, etc., for the latest announcements and community updates.
• Audit reports: Check whether any third-party security audit institutions have audited BETHEL’s smart contracts; audit reports can assess code security.

Project Summary

The BETHEL (BECX) project is committed to building a decentralized data security and storage platform centered on zero-knowledge proofs (ZKP) in the blockchain field. It aims to solve privacy and security pain points in traditional data management, providing highly secure and scalable data solutions for industries such as finance, healthcare, AI, and IoT. The project uses Polygon CDK to build its customized blockchain and offers a multi-language, containerized development environment, demonstrating its efforts in technological innovation.

From the roadmap, BETHEL has developed from the conceptual stage to testnet launch, token issuance, and strategic cooperation, showing positive development momentum. The team is composed of experts from Future CX Pty Ltd, with Craig Bricknell as CEO.

However, like all emerging blockchain projects, BETHEL also faces various risks in technology, market, and regulation. In particular, there are discrepancies in the public information about token circulation, which investors need to carefully discern.

Overall, BETHEL offers an attractive vision of reshaping data management through advanced cryptographic technology, but its long-term success still depends on technical implementation, community building, market adoption, and effective management of potential risks. For interested friends, it is strongly recommended to conduct in-depth research on your own and always remember the non-investment advice principle of cryptocurrency investment.