Beam: Scalable confidential cryptocurrency

gabriela24 (45)in #crypto • 6 years ago (edited)

Since the world is world, the privacy of technology and personal interest data has been of great importance at all times and is what each person wants and needs when managing their digital currencies; technology allows for everything to be seen and achieved, but in these cases, users ask for platforms that provide them with privacy and scalability that is important at the time of transactions so that they are quick and can be done as quickly as possible in less time and where what is done here is not visible and only seen by its owner.

This world has become so insecure that people distrust any blockchain platform because they do not provide the requirements they need, and with the bitcoin currency that is slow to make transactions, users go in search of other cryptocurrencies that are fast and with more efficiency for this and more I present Beam.

Beam originated by Mimblewimble which is the secure anonymity in the bitcoin network for your transactions where you can not see anything of what you do and stop doing on the internet through this platform which is novel, from here Beam is born .

Beam which is a digital currency or scalable confidential cryptocurrency of the hand of mimblewimble that allows for confidentiality and absolute privacy managed by its owner. Having the smallest blocks whom another chain of blocks as they present them offers to scale in an unexpected and very satisfactory way with innovative and efficient features are positioned as a great option to use.

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What does Beam allow us?

-Complete control of data and information of each transaction made.
-Changes of smaller blocks which allows the acceptance of a transaction to be quick and in less time.
-If transitions are made in less time then we will have room to make these many more.
-Privacy to hide all the data and information of the transactions.
-Different types of transactions to use as they are: (escrow, time locked, atomic swaps, etc.)

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!Many of today's blockchain solutions lack privacy!

Internet

The current solutions that blockchain lacks privacy because this platform was primarily made so that everything is visible and your transactions and data are recognized for more knowledge and evade responsibilities for loss of some data, transactions that you can see who you did it or who transferred you as well as in steemit that everything is displayed in the purse of each account immediately but this makes the privacy of each good account difficult so it happens here because everything can be seen and privacy and a little scarce; it was thought to cover their backs but not in people who require privacy with their transactions and who want discretion for some reason.

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¿Does allowing smaller blocks increase performance and scalability (Mimblewimble)?

Internet

Allowing smaller blocks increases its performance because this allows that in a shorter time you can make transactions that previously took a long time and did not give a chance to make transactions as you would like with this block chain will give you the possibility of flying on the internet and therefore climbing will be easy and easy, slowness and safety is a priority here and it is being executed in the best way.

This will be much better than bitcoin and other currencies already established.

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¡How the way the encrypters store the value will change!

This will change the way because if security and privacy you want to see what it is and if you like it you will want to use it, everything will be safe and you can use it whenever you want, this will be safe here this will be your store of value.

Case of use

Jose is a recognized artist in the world who has always helped every charitable cause he has found but he has realized that his career has been based or the most important thing that comes out in the media is his help to others because it is always made public before his career, which is what he is passionate about, together to help; but he decided to continue helping but in an anonymous way so that his career is paramount and they recognize him for that first of all but not leaving aside helping him they told him about Beam and decided to use it because it is the platform that needs help but only he knows because he does not appear will be his name or anything that links him and so the media will focus on the race and he will not let go of helping as he has always liked. Beam is beneficial for those who want to always be behind things and want privacy first and foremost.

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Beam

Characteristics of Beam

Reliability: Everything done here will be private without evidence of anything in the blockchain.

Versatility: It allows us to make many more transactions than the existing ones with their different types.

Scalability: As it is used with less time for each transaction the overload of energy is reduced and this makes that its block chain is smaller and scalar becomes easier than the others.

Sustainability: With its creation from 0 everything gives more confidence so that everything has legality and the use is more efficient.

Usability: will have varied utilities one of them is the integrated wallet to be used daily by users or companies.

Compatibility: With the selection of an algorithm in particular this platform comes with important tools to be used in mining nodes.

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