It is emerging as a next-generation cryptocurrency based on an elegant and innovative design with a margin of safety and extreme confidentiality while maintaining all the benefits of an immutable and incorruptible blockchain system.

Characteristics of BEAM

Between them more outstanding characteristics they are:

• Private by default: the user has absolute control over the data and available transactions allowing transparency and privacy.

• Base in Mimblewinble: Beam is developed in chains of smaller blocks which gives a maximum scalability and a faster and more efficient network.

Beam is emerging as an innovative platform with a global network of acceptance of payment based on the blockchain and through intelligent contracts.

Beam aims to help stakeholders, creating value chains through meaningful and efficient direct interaction.

Benefits offered by BEAM to its customers

• Total control over privacy and information.
• Confidentiality in transactions without risks or penalties.
• Does not require trust configuration.
• Blocks are extracted through the use of work test equishash algorithm.
• The script-script technology allows a versatility for the implementation of a wide variety of transaction types beyond a simple transmission of value.
• Beam offers its clients a sustainability of around 20% of the reward in block mining, with the purpose of encouraging the development and promotion of the application.

Current privacy issues

Currently the blockchain as cryptocurrency of bitcoin offers the possibility of tracking data enabling a monitoring of the parties involved in transactions through blockchain analysis that are publicly available.

Although transactions in cryptocurrencies can be made anonymous an analysis of money travel can reveal to users, which is why it becomes a great concern about the security of existing users.

---

Mimblewinble as a solution to improve the bitcoint network.

The scalability and privacy of bitcoin follows a growth in the blockchain ecosystem with the purpose of reaching the highest receptivity in the network, Mimblewinble launched its blockchain network being activated by network statisticians in the operating systems of Linux, Mac OS and Windows.

This solution seeks to offer users greater privacy in transactions with multiple entries and outgoing which will make it difficult to track the addresses of users, as well as to mix all transactions with each other in order to generate greater privacy in the network .

Mimblewinble, like so many other existing applications, offers a solution in the bitcoin ecosystem with a view to solving the problems of that platform's security and privacy.

Scalability and privacy are one of the main problems to solve in the original bitcoin blockchain, in terms of privacy, you only need the address and search it in a network block browser and in a matter of seconds we will have all the data and financial movements of the user, this other, a high level of trust and transparency but for many is a problem. On the other, hand the scalability has been involved in controversies, the first cryptocurrency is not currently prepared to massify and given its current capacity of use is gradually increasing its user capacity.

The concept proposed by Mimblewinble aims to solve these two shortcomings for promised privacy; Mimblewinble will be based on two approaches which basically consist of creating a transaction with multiple inputs and outputs from different users and destinations, thus making it difficult to trace their origin.

In principle, in order to improve scalability, the aggregate one-way signatures (lowas) are used. With it, it is possible to combine the transactions through the blocks so that when the outputs are created and destroyed it is as if they never existed, in this way reduce the amount to validate a transaction of several Gigabytes to less than one megabyte.