How does BMX work?

Can you please explain to me in simple terms how the BMX cryptocurrency actually functions? I'm particularly interested in understanding the underlying technology and mechanics that make it possible for transactions to take place securely and efficiently on the BMX blockchain. How does the network ensure that transactions are validated and recorded accurately, and what measures are in place to prevent fraud or double-spending? Additionally, I'd like to know more about the process of mining BMX and how it contributes to the security and decentralization of the network. I'm eager to gain a comprehensive understanding of the inner workings of this innovative digital asset.