Beam ~ A private and scalable criptocurrency 🚀🚀
Are you looking for an anonymous criptocurrency?
Beam is the solution!
"Beam is a truly anonymous store-of-value coin."
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Beam wants you to have control over your own transactions, allowing you to decide what information you want to share and with whom you want to share it.
While many people support the way Bitcoin allows all transactions to be seen openly there are others who do not agree very much with this.
For example:
If I am an businessman, I would opt for a more private currency as is Beam, because when making transactions of any business, in my case I would prefer it to be more private.
Another example would be the payment of employees, these are things that not everyone has to know.
Another example would be the payment of employees, these are things that not everyone has to know.
"Beam is built on Mimblewimble to allow users to send and receive money in a secure and private way. These properties are a result of the protocol’s ability to remove the need for addresses and amounts in the verification of transactions."
No more worries, Beam offers:
Privacy in your transactions. No addresses stored in the blockchain - no information whatsoever about the either sender or a receiver of a transaction is stored in the blockchain.
Confidentiality
The benefit of having the ability to choose levels of privacy is very advantageous for businessman and users who manage it, this will generate greater confidence.
Versatility
The versatility of the design allows different possibilities of transaction types.
What is MimbleWimble?
It is a protocol published in 2016 by an anonymous author, based on confidentiality within the blockchain. Mimblewimble itself is the name of a spell used to tongue-tie victims in Harry Potter.
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Was put forward by an anonymous user in a Bitcoin developers chatroom by the name of Tom Elvis Jedusor (the French name of fictional Harry Potter character Voldemort).
More information
Mimblewimble focuses on:
- Confidential Transactions and
Confidential Transactions use cryptographic commitment scheme with two basic properties: hiding and binding.
- Transaction Cut – Through.
Cutting down the amount of data required to store and verify transaction data allows Mimblewimble to work with smaller blocks!
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Why is privacy important?
Because at the moment cryptocurrencies are the main target of hackers. They look for weak links within networks. However, there are cryptocurrencies projects that have the greatest strengths in privacy and security.
Beam wants us to have the right to anonymity and to protect ourselves against possible hackers who want to steal our coins or from people who want to know how much money we have.
Beam wants us to have the right to anonymity and to protect ourselves against possible hackers who want to steal our coins or from people who want to know how much money we have.
In conclusion Beam is a great project, which came to generate confidence in the market of cryptocurrencies. So that the privacy and integrity of the information circulating through the Blockchain is not compromised.
We all want to keep our funds safe.
That's why I recommend using Beam.
A fundamental analysis is essential, so I leave you the following information so you can investigate more about this great project.
Team Beam
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Website
Beam Position Paper
Mimblewimble Paper
Beam Bitcointalk
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This article was prepared for a contest of @originalworks sponsored by Beam.
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