Every day the Blockchain revolution with its strongest cryptocurrency such as Bitcoin increases, where more and more people join this world of the crypto investing and making more and more transactions with these cryptocurrencies, but one of the problems that this new initiative still presents is the private transfer of assets between users, this at the same time being an advantage that allows greater transparency is also an impediment since many investors are held back from handling cryptocurrencies for not having privacy. This is why this Beam cryptocurrency emerges that provides the solution to this problem.

What is Beam?

Beam is an anonymous cryptocurrency based on Mimblewimble technology with smaller block chains than any other block chain, this allows it to have greater scalability than other cryptocurrencies. This new technology that gives this different aspect with respect to the other cryptocurrencies makes it a faster, private and efficient network compared to the other cryptocurrencies.

What does Beam provide?

As I mentioned earlier, Beam is an anonymous currency with small block chains that gives it greater scalability, it offers users more control over the information of their transactions, they have faster transactions that provide greater escalation, they have privacy in transaction values like of the addresses of the users and to allow several types of transactions privately.

Here I show you a comparison with other known cryptocoins:

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What is Mimblewimble technology?

First the name Mimblewimble the saga Harry Potter, which is a spell called 'enchantment of the tied tongue', which binds the language of its victim to prevent him from talking about more. The creator said: "I called my creation Mimblewimble because it is used to prevent the blockchain from talking about all the information of the users". Is one of the many solutions of the Bitcoin ecosystem to solve the problems of scalability and privacy of the platform. The proposal appeared on the Internet in August of last 2016 and its first document tried to outline a plan to improve Bitcoin. This technology consists of being able to have private transactions without interruptions in the network, where they are building their network from scratch in C ++.

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Beam projection

The project was started in March 2018, and in June the same year the fully functional mining node was already in place as the Command Line Wallet. In this month, the Public Testnet will be held and the Mainnet Launch will take place in December.

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Conclusion

More and more users are investing in the world of the crypto making many transactions where many times some users are bothered by the lack of privacy in the movements, Beam emerged as an altenative to this problem, this cryptocurrency based on the Mimblewimble technology will allow the users make private transactions and faster. The Blockchain has had a boom in the last years where more and more new platforms emerge as resources that will provide more strength in the coming years and thus be established as a global economic system.

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