For all those who currently work with cryptocurrencies or we must do with something related to the Blockchain is really worrying to touch the issue of anonymity. And it is that every so often you see news about attacks of hackers to certain cryptocurrencies, which diminishes the confidence of the investors in the same ones and that arrives until the point of breaking a crypto.

For this reason, a group of entrepreneurs saw this great weakness and transformed it into a business opportunity and BEAM was born.

Beam

It is the new cryptocurrency with the best levels of next generation reliability that is based on a different design than the conventional protocol called MimbleWimble.
With the use of BEAM, users will be able to choose the level of privacy over their available information. In this way, BEAM goes one step further than other crypts by allowing users to have control over their personal data. It is also important to note that the confidentiality that BEAM handles, unlike other crypts, is that there is no penalty for its use, as it does not create a bloat in the block chain.
In other words, BEAM offers confidentiality without penalty, thus avoiding excessive computational overload.

Characteristics

BEAM is a crypto that understands what the value of anonymity means and in turn maintains the benefits of an immutable and incorruptible Blockchain system like Bitcoin.

• Privacy: You and only you will have total control of your transactions.
• Blocks small: this creates an incredible stability that maximizes the speed and efficiency.
• Private transparency of assets in a peer-to-peer manner.
• Permanent peer-to-peer transactions.
• Versatility, atomic swapping, escrow, and time-locked transactions.
• Scalability, BEAM blockchain orders of magnitude smaller than any other blockchain implementation.

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The Blockchain lacks privacy

There are many users who believe that their Bitcoin network transactions are anonymous, but this over time has been shown to lack veracity, and is that generating random private and public key pairs cause the use of the part publishes to generate addresses that are used or could be used to receive and control transactions. A strenuous research analysis was carried out in the Blockchain to determine that there are data leaks that can be generated from the exchange of information, transactions, OTC agreements or from the same blockchain data pool, that is, your data may be available in a book public accountant.

Mimblewimble

It consists of making transactions and your privacy better without the need to obtain an obstruction in the network. In this way Mimblewimble makes BEAM a great alternative since it is built from a zero network in C ++ to allow full control over privacy in an efficient way.
It is also important to note that Mimblewimble is very like the famous Satoshi that Bitcoin uses, so you will be familiar with the product.
With Mimblewimble you can make confidential transactions, based on a scheme that is divided into two large variables such as concealment and linking. In the same way, you can reduce the transactions in the blocks.
In simpler words to understand, you will reduce the amount of data required to store and verify data, which will allow faster confirmations. Undoubtedly, Mimblewimble is the core technology behind BEAM.

Levels of privacy

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The great benefit offered by BEAM when it comes to the issue of privacy is that the user will not be affected by any cyber-attack towards his person or the platform in general having his data well protected, or in this specific case when choosing the level of privacy so as not to be vulnerable to a scam.
BEAM takes care of its users giving them 100% privacy.
It's funny how many people ask about the importance of privacy in a value store cryptocurrency, and that principle is that this area of stock storage has become very popular in the Blockchain so privacy plays a role fundamental to be able to create total anonymity of your transactions and in this way, can be hidden from the public radar.

Use cases

 Case A

A law firm that works specifically with Blockchain pays its employees the monthly payroll through cryptocurrencies. But the law firm wants to keep the salaries of each employee secret for matters of company policy. In this way, so that everyone can get out of the business, they decide to contact the BEAM team so that they manage the anonymity to 100% of the transactions they make in the Blockchain.

 Case B

Louis has been amassing a modest amount of money for years, which will allow him to live well for the rest of his life, but for security reasons he does not want anyone to know about this fact and does not want his data to be public in the Blockchain every time to make a transaction, so he decides to improve his privacy with BEAM and go unnoticed and not be a victim of fraud or fraud.

Conclusion.

With BEAM talking about confidentiality has never been easier.
It is a totally integrative system for its users and that protects the best of them for the world of the Blockchain.
With the great Mimblewimble system that BEAM offers users can receive and send money safely and privately without the need to follow a long and meaningless protocol.

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Annexes

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