INTRODUCTION

Cryptocurrency has taken a new phase within the last decade. The emergence of bitcoin in 2009 marked the start of a digital revolution that has taken the world by storm. Numerous projects, technologies, and blockchain-based solutions, have been trending up to this moment. The volume of cypto trading continues to rise with each passing day as cryptocurrency awareness reaches far and wide. With the level of positive results gotten from blockchain technology, the future is simply bright and much more will be accomplished in the crypto sphere.
One of the blockchain's best things is that, because it is a decentralized system, there is no need to pay intermediaries, which saves time and conflicts. Blockchain may have problems but without a doubt it is much faster, cheaper and safer than traditional systems, which is why many banking institutions and governments are watching technology.

But one of the biggest attractions of Bitcoin and the blockchain was the possibility of being a decentralized system able to maintain the confidentiality and privacy of financial operations and operators.

What is Beam?

Beam is built under the protocol of mimblewinble created by an anonymous author on August 2016,this system is built on the idea of going through transaction processes securely and confidentially,these properties are a result of absence of addresses and amount in the verification of transactions. before we evaluate the two concepts of Beam.

Confidentiality

One of the most notorious characteristics of BEAM is the ease it offers you to choose levels of confidentiality according to your particular needs. I would like to say that if for some reason you want the operation to be transparent and in plain sight, you choose a low level of confidentiality. If you need to protect it from the eyes of strangers you opt for more privacy and that's it. It's your choice.

BEAM has placed its focus on confidentiality as it is undoubted that privacy is a highly desirable condition when we speak of transactions for a value store cryptocurrency, as there are information that should not be available to third parties, who can take advantage of the same to the detriment of the owner.

Versatility

Beam allows not only the purchase and sale of valuable coins, but also the implementation of a wide variety of transactions such as:

• Transactions in custody
• Atomic exchange
• Guarantee deposit
• Atomic transactions and
• Transactions blocked by time
• and more

Scalability

One of the strongest headaches that cryptocurrencies such as Bitcoin and Ethereum have is the lack of scalability, which means that as their acceptance grows, transaction speed decreases considerably and costs increase. In BEAM, the "cut" characteristic of Mimblewimble, by reducing the blocks needed to validate a transaction, makes the BEAM block chain smaller than any other implemented in the blockchain. Making financial operations faster.

Sustainability

BEAM is an open source cryptocurrency, implemented from scratch in C ++ by a team of professional developers, is managed by the community and supported by Beam Growth Pool: Which receives 20% of the mining rewards to encourage development and promotion of the same, with the purpose of guaranteeing its self sustainability.

Usability

"It has a wallet for desktop computers and mobile devices, designed to support daily use for individual and small business users."

Compatibility

To guarantee compatibility, an Equihash algorithm was selected which is widely accepted by the GPU mining community and is equipped with a wide variety of tools to administer and execute the nodes.

USE CASES

Alex discovers that using Beam the company can maintain the employee confidentiality, never put sensitive data about the company onto the blockchain and yet achieve the task of making payments to employees in cryptocurrencies.
Beam emergence as an anonymous, scalable, secure, fast and efficient method to use cryptocurrencies.

Conclusion

BEAM mission is to make their users responsible of their own privacy, in consequence their experience is safer, faster and completely private as they wanted to be.

That’s the personal stamp from them, innovating in safety providing a level of privacy better than any other on blockchain platform.

More Information & Resources:

beam2018