CONFIDENTIALITY IS A KEY TOOL EVERY CRYPO USERS NEED IN THIER TRANSACTIONS.

INTRODUCTION
    We are in an era where cryptocurrencies are dominating over every local currency, they are now applicable in every transaction we engage our self in. buying and selling can be done with cryptocurrency even to the extent of buying airtime with it. But in some occasions, identity is meant to be kept and the transaction must be done. How can crypto users transfer crypto to another user without his or her personal details reviewed? This is whey Beam came on board.

WHAT IS BEAM?
    Beam is an anonymous store of value coin which did not only allow private transfer of asset in a peer to peer fashion but also ensures scalable peer to peer transaction. Beam is a confidential cryptocurrency which makes use of an outstanding protocol named after the tongue-typing spell from harry potter (Mimblewimble). This protocol is also used by a popular cryptocurrency known as bitcoin. Although, Beam use the same protocol with bitcoin, but Beam did not only depend on the mimblewimble protocol, but Beam also include futures such as:
• Giving its usrs control about to whom receive information about their transactions.
• Ensures fast and efficient scaling transaction
• Tying multiple transactions into a single one
• Ensures privacy of users by concealing transaction values

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PROBLEM SOLVE BY BEAM
    The problem face by every crypto user is how to prevent the review of account information in the cause of transferring crypto in some occasion. This has been the problem face by existing crypto platform users because crypto users have been unable to prevent reviewing their account details to unwanted person in the cause of transferring asset, which can create ruckus or have negative effect on account user.

BEAM‘S SOLUTION
    Beam built their network system from scratch on C++ based on mimblewimble to ensure the privacy of her customer’s information and make sure her user’s asset is secured. Beam does not only secure the crypto asset on it, but also ensures that none and any of the account owner’s information is reviewed in the cause of transferring asset. Though Beam provide solution to the problems enchanted by crypto users on existing crypto platform, yet, Beam still takes care of the scalability problem face by other crypto saving platform while still maintaining reasonable block sizes and allowing full control over privacy.

BEAM USE CASES
• Beam is use as store of value: Mr Justin, a business man has been battling with the stress and risk he goes through in the cause of saving his money in his bank account for a while until this fateful day he came across Beam. He can now store is value without any stress with the use of Beam.
• Beam is use to restrict account information: Miss Clara, a financial secretary has been looking for means of preventing the account information of the company she works for from some organization she feels it is dangerous to leave trace of her company’s account information with after a successful transfer of value. Although, she thought it is impossible since she has not come across any means she can make her wish of preventing her company’s information from unwanted party come to pass until when Beam came on board with this amazing future miss Clara has been thirsting for, for a very long time. She can now withhold her company’s account information from getting to who so ever she doesn’t want it to get to.

ADVANTAGES OF USING BEAM OVER EVERY OTHER CRYPTOCURENCY
• BEAM will never store account information on blockchain unlike other cryptocurrencies.
• Beam showcase superior scalability feature via the use of Mimblewimble.
• Beam supports many transaction type. Transactions such as time-locked transactions, escrow transaction and lot more.

Here is a video explaining more about Beam

VISIT THE FOLLOWING WEBSITE FOR MORE INFORMATION ABOUT BEAM:
Beam Website
• Beam Position Paper
• Mimblewimble Paper
• Beam YouTube
• Beam Telegram
• Beam Facebook
• Beam Github
• Beam Bitcointalk
• Beam Medium
• Beam Twitter

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