However, the basic need for people to store their money and transact in a secure way without relying on a centralized authority is still the main use case and the most important, which is one of the reasons why Bitcoin is still the top cryptocurrency and is as influential today as it was almost ten years ago.
What is BEAM?
BEAM is a next generation confidential cryptocurrency based on an elegant and innovative
Things that make BEAM special include:
1.Users have complete control over privacy - user decides which information will be
available and to which parties, having complete control over his personal data in
accordance to his will and applicable laws.
2.Confidentiality without penalty - in BEAM confidential transactions do not cause bloatingof the blockchain, avoiding excessive computational overhead or penalty on
performance or scalability while completely concealing the transaction value.
3.No trusted setup required.
4.Blocks are mined using Equihash Proof-of-Work algorithm.
5.Limited emission using periodic halving with total amount of coins ~210 million.
6.No addresses stored in the blockchain - no information whatsoever about the either
sender or a receiver of a transaction is stored in the blockchain.
7.Superior scalability through compact blockchain size - using cut-through feature of MimbleWimble BEAM blockchain is orders of magnitude smaller than any other blockchain implementation.
8.BEAM supports many transaction types such as escrow transactions, time locked transactions atomic swaps and more.
9.No premine. No ICO. Backed by a treasury, emitted from every block during the first five years.
10.Implemented from scratch in C++ by a team of professional developers.
There are thousands of improvements in the market that emerge after the day, but De Beam has ensured that this is the safest option. Implementing an unknown system, "Blockchen" is now providing full security to its users that many are joining the market beam.
What Beam can do?
Creating a lean blockben with low transaction details per transaction: Ensuring fast and so enable efficient scaling
Making multiple transactions in the same transaction, blocking the same transaction, tying a whole transaction in one transaction
Understanding transaction values for privacy
Understand the address of both the sender and the receiver.
Beam is scalable, confidential cryptocurrency. It uses the Mimblewimble protocol to automate your algorithm.
Case of use:
Carlos, although not very sure of his investment, is determined to build his new company, but then he knows Beam and this leaves him impressed, he thought it was his best choice due to the little information shown publicly making him totally anonymous, then without thinking twice Carlos raised his company investing in Beam. Interesting?
Cryptoquounting Inc. One of the issues of face is that when it comes to privacy, there is a limit of choice. While their corporate clients want to transmit their business transactions to their investors, they want to keep personal staffs payable. Existing blockchann solutions put employees at risk of violation of privacy.
This is when Grace came to know about Grace!
With beams, companies can control transparency at the corporate level while maintaining confidentiality for their employees. With beams, companies can use a block of technology to handle their finances based on the combination of cryptocurrency!