Beam total anonymity in your Operations

alunaa64 (34)in #beam • 6 years ago (edited)

"The same technologies that might make billions of people economically irrelevant might also make them easier to monitor and control." Yuval Harri.

Bitcoin has marked the path, revolutionizing the electronic market, but still some failures persist, in the private transfers of equal to equal, in the field of the assets.

Adding value to the criptocurrency exchange activity is vital in today's electronic currency market. This is the greatest advantage of Beam, as its environment is truly anonymous and simultaneously manages under the robustness of the blockchain system, putting features of the Bitcoin, as the incorruptible and unchangeable of its security mechanisms, serving the User.

Bean represents the improvements that the Bitcoin does not yet possess, as far as anonymity and peer-to-peer transactions have also been thought at their future levels of scalability as well as in the privacy of operations, where users keep at all times the total control over transaction data available, option that maintains privacy and transparency on the network. As well as smaller blocks, an advantage that places Bean a step further, over other block chains, providing superior scalability, providing greater speed and efficiency.

What are Bean's benefits?

Bean's biggest advantage is its confidentiality. Being its protocol Mimblewimble to give automation to its operations, which give the following characteristics:

• Link multiple operations in a single transaction, putting a complete block chain in a single transaction.

• Total anonymity of both the transmitter and receiver.

• Concealment of the values of the operation, as a benefit to privacy

• Give users control of the information that can be shared and with whom it is shared.

• Multiple amounts of private operations: Atomic swaps, escrow, time locked etc.

• Thin block chains, with a smaller amount of details, which gives more speed in the confirmation of operations and therefore more efficiency in the scaling.

source

Privacy the greatest difficulty.

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.

The solution to this problem

Beam-based Mimblewimble enables transactions with security encryption, without blocking the network. Beam is developing its system in C++, from the beginning to the end. This ensures block sizes within normal parameters, without overloading the network, and giving robustness to operations in the field of security.

The Blockchains, handle a lot of information and are heavy in its operation, this difficulty makes them inefficient and exposed to growth difficulties, to be able to respond to demand as they grow.

This problem keeps it under Beam control, as it is designed to be flexible, lightweight and robust, as well as being ready for future scalability problems that involve a greater number of global operations, and managing its main feature which is its greater benefit: the privacy and anonymity of its users.

Features of Mimblewimble, the heart of Bean

The possibility of reducing data required to verify and store operations data, gives Mimblewimble, ability to work with smaller blocks.

Thus the outputs of transactions not consumed, which is an operation that was received by a user and that has been maintained in the chain of blocks, actually belong to the user who receives it, by means of the value of the blinding factor and the value of the message Once the transaction was executed, only the compromised activity is recorded in the block chain, not the recipient addresses, or the traded amounts.

Mimblewimble focuses on:

1. Transaction reduction

2. Anonymity in operations the reduction in transactions a block raises a high number of transactions, from a to Z. To carry this even beyond the individual blocks is, is to create a system that only requires, the current state of operations , instead of the total history of transactions, as they were made.

Transaction Reduction

The reduction in transactions a block raises a large number of transactions, from A to z. bring this even further than the individual blocks is, is to create a system that only requires, the current state of operations, rather than the record total of the transactions, as were performed.