BEAM is a Blockchain Evolution (My Entry fot the contest of @Originalworks)

raigax (37)in #originalworks • 6 years ago (edited)

BEAM

Beam as cryptocurrency possesses the desirable quality of a network that processes skillfully, reacts and adapts without losing quality, so it manages a continuous growth; thus giving use to the technology Script that consists of the execution by means of interpreter of line of commandos and usually they are text files, thus allowing the action in the platform; facilitating the implementation of a wide variety of transactions ranging from value transmissions to atomic exchange, which consists of solving problems of reliability among users of cryptoactive, creating a temporary contract allowing a secure transaction without the need to trust anyone. , besides generating deposits in guarantee and transactions blocked by time, among others. While it is worth mentioning the fact that the transactions are secure, because no information is stored about the users of the transactions carried out in the blockchain.

To expose the mechanism that guarantees reliability, the Mimblewimble extension block scheme is described, a structure that functions as an integrated side chain that allows the development of confidential transactions. For this, it has the so-called Charger Factors, which consist of random chains, and a system in which transactions enjoy high reliability; as all the values become encrypted and then through an operation of computing the encryption based on the possibility of calculating by means of subtraction established between the output values and the input values to subsequently perform the summation that must be zero, determining in this way the validity of the transaction. In this way, the particularity of the use of Mimblewimble in conjunction with cutting, helps to prevent overloads of the system in use, making the block chain present in Beam with less impact with respect to any other chain.

Beam

The gigantic increase of the cryptoactive market has capitalized the world of currencies, focusing attention on the attractive activity of the new way of using cryptography for the accumulation or obtaining of goods and services, in other words "moving the economy" "Of individuals, communities and nations. So also expand both distributed accounting technology and the growth substrate of such payment tools. In addition to the above, it is worth mentioning that Beam implemented the so-called open source, operating system whose free software allows you to adopt your own and in the case of Beam Growth Pool is implemented from scratch. Beam who in turn supports and empowers the mining community with the participation in the governance of the use of such a code, in addition to allocating the 20% generated by the mining activity to the group of people who dedicate themselves to that work. While the purpose is to encourage these groups in the development and promotion for the transcendence of Beam.

Source

It is worth mentioning usability, what Yusef Hassan (2002) defines as follows: "usability is the discipline that studies how to design Websites so that users can interact with them in the easiest, most comfortable and intuitive way possible. "and add that" the best way to create a usable website is by designing the user, designing for and by the user, as opposed to what can be a technology-focused design or one focused on creativity or originality". With what Beam designs a wallet for desktop computers and mobile devices that facilitate the daily use of individual users and small entrepreneurs. So it has become necessary to make a series of checks on these aspects, through a complete review of the way in which the digital space supports users in fulfilling their tasks in the best possible way. And among the factors to take into account as benefits of usability are: simple learning, speed in the development of tasks, easy to remember handling, support in terms of correcting user errors and user satisfaction when using the system.

And for optimal compatibility, Beam supports the implementation of the use of the Equihash algorithm, "Graphics Processor Unit" whose processing power is enormous, since its exchange extends to several currencies. This algorithm has become a valuable tool for the miners of the Graphics Processor Unit loaded with a variety of resources to carry out and manage those corresponding to mining.