Beam is a new project based on the blockchain however this brings a novelty with respect to most of the more traditional cryptocurrencies, since its main characteristic is the security of the data. Unlike cryptoes such as bitcoin, all data is public, Beam does not provide data such as the amount you transferred or the address to which you did it, to third parties not involved in the operation.
It will be open source, implemented from begining, community-governed, and backed by the Beam Growth Pool: where the 20% of block mining rewards goes to this pool to incentivize development and promotion.
The issuance of its currency is limited, using periodic halving with its entirety of coins, which will eventually be 210 Million. And they will not made an Initial Offer of Currency (ICO).
Although a Criptocurrency, can give the appearance of being anonymous, a detailed search, can give us signs of how the money has been displaced, being able to know the details of the user.
Bitcoin and Blockchain are traceable systems, and make it feasible to deduce the origin and end of operations. By analyzing the chain of blocks, you can generate a trace of the people involved in the operation.
Using the mimblewimble concept, to activate privacy transactions without clogging the network.
By using mimblewimbe basically, beam can adjust accommodate mass adoption maintain a reasonable block size and full control of privacy.
Mimblewimble focuses on confidential transactions and transaction cut.
Secret transactions committed to cryptography with the nature of hiding and binding.
while the transaction cut is, combine all transactions, from az to.
Now in September, the testnet will be carried out, with 50 mining nodes. In the same way, the desktop wallet will be available and the source code will be shared so that it can be reviewed by the community.
Mimblewinble
Mimblewinble is the technology that makes Beam so promising, this technology is a cryptographic protocol, which allows private transactions without saturating the network.
In addition, the mimblewimble emits smaller blocks, which makes the network is capable for massive use, unlike other cryptocurrencies that can only process up to 7 transactions per second, the mimblewimble system is able to reach a number of transactions similar to that of Companies like Visa that could process up to 56,000 transactions per second if necessary.
More Information & Resources:
https://www.beam-mw.com/
beam2018
twiter
https://twitter.com/jerry_nusrat/status/1038862091132649472
- jerry_nusrat
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