INTRODUCTION
The blockchain is a world of possibilities, we must accept that this ecosystem is now a context in which many activities are developed, many people use it for leisure, but others use it especially to work, while others keep fortunes in it. For some, safety is important, others may not take it into account, but they are all exposed to something happening.
When you have a profile, and all the people have access to it, they can see your photos, and your data, that can endanger your integrity, but you have the options to feel a bit more secure, but this still does not happen in the blockchain, there is the possibility that any person through an address, can access your data, and what is more worrying, they can know how much is your capital, who sends it and who receives it, what can be considered a danger , something that worries many users, and they are obliged to have their money diversified in several wallets with different addresses to avoid a little vulnerability.
Imagine how difficult it must be for a billionaire to have some BTCs and not only be exposed to ordinary citizens, but also to government forces, or important hacking groups? The vulnerability of an exchange is not the same for all, and if perhaps this person is in one that is really insecure and does not know it?
This and other cases are important, in addition to the slowness in a transaction that you see that has more than 5000 checks and still do not receive your balance, is a headache for any individual.
But these problems are problems with solutions!
How can they be easy, through BEAM!
What is BEAM?
What is BEAM?
BEAM is a next generation confidential cryptocurrency based on an elegant and innovative
MimbleWimble protocol.Source
Basically MimbleWimble, ensures privacy, using an innovative system, which does not exclude its users from the security of a transaction, it is still safe using a formula that operates to carry out secure transactions and also , private.
C = r * G + v * H is the formula of use par excellence that allows MimbleWimble to reach the objectives. where
r = serves to hide just enough to maintain privacy, and in turn validity for the other user. while v is between 0, 2 ^ 64, and G and H represent constant values that allow summing or subtraction within the movements, to carry out a transaction.
Its Equihash PoW algorithm has proven to be efficient in previous tests so it has been chosen to carry out this ecosystem, and the intention of this cryptocurrency is
Confidentiality
The main security, the main idea and the intention to safeguard the data of the users, there is no data stored in the blockchain so no one can reach them. Basically this allows the option to attribute multiple inputs and outputs to a transaction, which would doubt anyone not knowing the real location of that transaction, without forgetting the option of blindness, which keeps us out of the traces
Versatility
Beyond the day-to-day transactions, "Scriptless Script" technology is implemented to make the transactions you need.
Scalability
Power, Beam can become fast and powerful thanks to the possibility of "Cutting" that provides Mimblewimble, which prevents junk transactions from being implemented, and processing is direct saving information, and processing it faster as well as condensing the information really useful
Sustainability
Rewards to mining that allow BEAM to grow throughout its development.
Usability
For all the public, you can have it on your PC, and of course on your device, take it wherever you want, and use it when you need it.
Compatibility
Equihash pleasant for miners, which represents an incentive for work.
The operation of BEAM, will be as follows:
ROADMAP
Conclusions
In conclusion, BEAM aims to serve users in managing their finances in cryptocurrencies in a more efficient, faster and more secure, enough of the fears that some hacker somewhere to be aware of your transactions and expose you , BEAM can be the option to start of many who until now stay away from the blockchain because it seems very private, and insecure. And for others who make use in the day to day continue complaining about the slowness at times, because BEAM aims to address that and more, if you want to know more about this project you can enter their networks to get more information
- Beam Website
- Beam Position Paper
- Mimblewimble Paper
- Beam YouTube
- Beam Telegram
- Beam Facebook
- Beam Github
- Beam Bitcointalk
- Beam Medium
- Beam Twitter
This entry is part of Sponsored Writing Contest: Beam sponsored by @originalworks
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