beam is a new revolution in the world of electronic currencies
Blockchain system
Bitcoin has spread so much in our time
Especially after the huge rise that took place last year
The bitcoin system is a financial system that needs verification
Where anyone can check the encryption
This financial system has been used on a very large scale
Bitcoin relies on "blockchain", which means a database
And through this wonderful system is creating a lot of transactions
However, there are many disadvantages to this system
Where the transactions have an atomic coded meaning this is obvious
Therefore, it appears in the chart of transactions
Which is seen by many analysts
who Interested in studying the analysis
so They can therefore control the lower classes
This makes them very dangerous to people, making them not special, but becoming general
This problem must therefore be resolved
So that the diagram of transactions that occur anonymously and becomes very special
So that analysts do not control in the lower classes
If implemented, Bitcoin will become very secure
How to get rid of blockchain defects
As mentioned previously, there are many flaws that have emerged in the current system
So many have tried to invent new things
Some solutions to this have been proposed. Greg Maxwell discovered to encrypt
the amounts, so that the graph of the transaction is faceless but still allow
validation that the sums are correct [1]. Dr Maxwell also produced CoinJoin,
a system for Bitcoin users to combine interactively transactions, confusing
the transaction graph. Nicolas van Saberhagen has developed a system to blind
the transaction entries, goes much further to cloud the transaction graph (as
well as not needed the user interaction) [3]. Later, Shen Noether combined
the two approaches to obtain "confidential transactions" of Maxwell AND the
darkening of van Saberhagen [4].
This solution, if implemented, will make Bitcoin very secure
BEAM
I strongly believe in privacy
And that the person is fully in control of his money
Without being controlled by others
Therefore it established a coin beam
beam is a new revolution in the world of electronic currencies
It is a very secret currency and is based on the Mimblewimble protocol.
The currency is very decentralized and very confidential and can be developed at any time
This helps users to control their money completely without being controlled by others
What does Mimblewimble protocol mean?
Mimblewimble protocol is very important very much like the famous Nakamoto Satoshi
it prevents Blockchain from talk in all user data
Therefore depends on
1- Complete confidentiality in transactions
The confidentiality system depends on two basic things, hiding and binding.
An example of this is when you think of hiding something for a person inside a room
The door key closes
Therefore, the person can not know what is inside the room unless he receives the key to his room
2 - cutting transactions
When there is a very large transaction but it is in the form of cut
So that more than one transaction was combined to carry out a large transaction
Therefore, this system only needs the current transactions
Without looking at the history of past transactions
Therefore reducing the data will help Mimblewimble to work with small blocks
As an example, when a transaction is done instead of proving A -> B -> C;
We can collect all this in Beam A -> C
This helps reduce data and reduce load on the system
What are the advantages of BEAM?
1- Beam helps reduce data size
Thus reducing the load on the system
2- It also depends on total confidentiality
3-Helps users control the transaction information they perform
4- It links several transactions in a single transaction where only the current transaction is considered without looking at the previous transaction history
5-The data of both sender and recipient are hidden and so depend on privacy and confidentiality in transactions
6-It is possible to perform multiple transactions
-----------------Download beam ------------------
How to become an ambassador in the world of
If you love being an ambassador in this wonderful world
And join many of the Ambassadors to beam
Drop us an email to [email protected] or use the below form with a brief bio and why you think
you'd be a great fit to represent BEAM in your area.
The BEAM team is rapidly moving forward and reaching our milestones - momentum is building by the day,
and you are a part of that!
More Information and resources
- Beam Website
- Beam Position Paper
- Mimblewimble Paper
- Beam YouTube
- Beam Telegram
- Beam Facebook
- Beam Github
- Beam Bitcointalk
- Beam Medium
- Beam Twitter
Source
My Twitter Link
https://twitter.com/ismail19864
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