Beam 2018

Introduccion
Since Satoshi Nakamoto in 2008 proposed the idea of ​​Bitcoin, cryptocurrencies and blockchain-based systems have been increasingly introduced into conomica dynamics but the main problem remains the need for people to store their money and perform transactions in a secure way which is one of the reasons why Bitcoin is still the cryptocurrency with the greatest confidence.
What is Beam?
basically it is a chain of blocks in the blockchain built to stop the problem of scalability and privacy that has been causing serious problems in the chains of blocks and cryptocurrencies.


The benefits of beam are the following:

I. Private by default: the user has absolute control over the available transaction data, which allows the option of transparency and privacy
II. Based on Mimblewimble: Beam has smaller blocks than any other block chain, which gives it maximum scalability. It is a faster and more efficient network

What can Beam do?

Beam is the scalable confidential cryptocurrency. It uses the Mimblewimble protocol used in the Harry Potter language tying episode for the purpose of:

I. Giving users control over which transaction information is shared, and to whom it is shared with
II: Making a leaner blockchain with fewer transaction details per transaction: enabling faster confirmations and therefore very efficient scaling
III. Tying multiple transactions into a single transaction, tying blocks into a single transaction, tying an entire blockchain into a single transaction
IV. Concealing transaction values for the sake of privacy
V. Concealing addresses of both the sender and receiver
VI. Enabling multiple transaction types in a private manner: escrow, time locked, atomic swaps, etc.

UNDER THE HOOD: Mimblewimble
Mimblewimble is a protocol that guarantees total confidentiality

(a) Confidential transactions
(b) Reduction of transactions.

(a)Confidential transactions use a cryptographic commitment scheme with two basic properties: concealment and linking.

To understand better

• Beam Telegram
• Beam Facebook
• Beam Github
• Beam Bitcointalk
• Haz Medio
• Beam Twitter

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