THE UNIQUE SCALABLE CONFIDENTIAL CRYPTOCURRENCY AND BEST CAPITAL MANAGEMENT

hayomide (50)in #crypto • 6 years ago (edited)

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Beam The unique scalability confidential cryptocurrency and best capital management.

In every businesses and Trading, something that supposed not to be compromised is privacy.
Having privacy and able to control or having choice on what to be disclose and undisclosed about one's personal data and information is very essential.
Even to every individual that cherished and know the value of having privacy.
Privacy helps individuals maintain their autonomy and individuality.

Being a crypto users, you should have a fun control over your privacy as it's a modern technology business.
You should be the one to decides which of your information will be available and to which parties is having it.
Moreso you should have complete control and access over your personal data in accordance and to your will and applicable laws.

There is an awesome innovative future tech that comes with the best scalability and cherish user's privacy.

Beam is an amazing innovative for confidential crypto cryptocurrency built on a solid and unique idea of mimblewimble protocol.
You wondrous what mimblewimble means
Mimblewimble is a protocol which was put forward by an anonymous user in a bitcoin developers chat rooms
Being transparent of bitcoin is what allows it to be decentralized cryptocurrency and best crypto in blockchain, existence for almost a decade.

Beam is a future crypto crypto currency, it's a new implementation of mimblewimble, A solution to user privacy.
No address no information is stored in the blockchain.
So no stalking risk, no personal information is accessing.

The changes Beam making to how crypto user stores their values in blockchain

Initially people rely on centralized authority, Before any transaction could be done or storing values both the senders and the receivers wait until the middle parties order or approvement because of non securing system.
Beam allowed provides easy and secured system as users can store their values and make any transaction without the need of any third party.
I think these is a unique idea as people can make a confidential transactions when they wished without any punishment or restrictions.
User will has full control over his/her privacy.
This will enable the crypto users to have choice on which of their personal data and information is available and to which parties is having them.
This is a great privilege for the crypto users as they have control over their personal data in accordance to their will and applicable laws.

Problem of privacy for other blockchain
Formally, the the transaction in the Bitcoin network were believe to be anonymous which is generating random private and public key pairs and using the public part to make an address that could be used to receive and control transactions, assuming by some bitcoin users that nothing in that process could leak out to their real identity which I think they are very wrong because using blockchain analysis, data might leak out during the process of transactions or exchange.

Benefits of having control over privacy as a crypto user

Beam is great innovative as people can store their money and transact securely without any need of third party or centralized authority delay
Which saves more time.
Addresses and information of both senders and receivers during the transaction might not be needed, which ensured the user that non of their information is stored in the blockchain after they transact.
No personal data and information can be access by any intruder .
User can decide on which of their information is available and to which party is having them.

Beam as a smaller blocks when it is allowed it makes performance so high and gives suitable scalability hence the innovativeis cut through the features of mimblewimble which helps to avoid excessive computational overhead, giving a smaller order of magnitude.

Beam Features

Compatibility

If the information needed to validate the entire blockchain is much smaller than the complete list of transactions.
All the existing information that are yet to be store can only be download block headers and current state to verify the entire blockchain.

Usability

It is a wallet designs to work on any smart device for both individual and small businesses owner, as it is built in dashboard that makes budget management easy for income and expenses.

Sustainability

Beam is implemented from the scratch technology.
It transparency and been back by the beam Growth pool makes it more solid and reliable.

Versatility

It is important to allow a wide variety of transactions type exceeding simple transactions of value.

Scalability

Excessive computational overhead is avoid making beam blockchain order of magnitude smaller than any other blockchain implementation

Confidentiality

All transactions are private no information about user is store in the blockchain.

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