BEAM, based on Mimblewimble technology. Secure and fast transaction

usman93 (62)in #contest • 6 years ago

In this century, which is called the Century of Blockchain, the Cryptocurrency is most attractive subject among people. People always want revolution. Once Bitcoin came with new concept. Transaction through Bitcoin isn't hidden. And now Beam is advance and secure way of transaction. With thanks to @originalworks, Today I am going to participate in contest and I going to define Beam.

What Is Beam?

Beam is a Cryptocurrency based on strong privacy and faster transaction. Sender and receiver will have total control on their transactions and it will be secret among them. The main thing which make it different than others is it's anonymous transaction.

Question is Why is anonymity important for transaction?

Back in 2009. When Bitcoin was released by Satoshi Nakamoto. It was revolution and new way open in the form of Electronic Money or Cryptocurrency. Many benefits come through Bitcoin. But here in Bitcoin or in other Cryptocurrencies, all transactions are available on open public ledger. In current period as we are regularly listening about Hacking and theift News, the open ledger is creating worries.

Beam is different from other Coins. It will be secure and safe. Its transactions will not be available on open ledger and will always secret among sender and receiver. It will attract Businessmen and new revolution will come in Blockchain.
Some of its benefits are:

Businessmen always want secracy, privacy of their dealings.
Many people don't want to show their transactions they shouldn't worry more. Soon it will be possible because of Beam
If the transactions will be secret and ledger will not be public like Bitcoin or other currencies, it will be more safe from hackers. Safety is very need of people.
Beam's anonymity is not an illusion and it is based on Mimblewimble (the most secure system of transaction)

Beam uses the technology of Mimblewimble:

Mimblewimble is a solution which has given scalability and privacy to transactions in Blockchain. In Bitcoin, everyone can check those transactions and nothing remains secret. Rather than Bitcoin and other's transactions, Mimblewimble doesn't show it's transactions on public ledger. So all those transactions with or without memo and informations among sender and receiver will be secret.

Infact aim of Beam is to use Mimblewimble technology for it's progress and they scratch used C++ for implementation of this technology.

A little Comparison among Beam other Cryptocurrencies.

When Beam will be launched?

Beam will be launched with full-fledged desktop wallet, integration with hardware wallet. So after full preparation it will be launched in December 2018.

Honorable Team:

Their team belongs 7 full time developers and Alex Romanov is leading the technical team and some intelligent people like Yonatan Ben Shimon, Guy Corem, Sebastian Stupurac, Stas Oskin and Oliver Gale are Honorable advisers of Beam.