Introduction.

Cryptocurrencies have a high investment potential and their market is growing exponentially; however, it must be noted that a massive problem most investors are facing is the storage of their money, since it is necessary to have a system that allows safe and reliable transactions, in addition to the importance of having the option of anonymity that some users deem as vital.

Beam offers us an innovative alternative that aims to cover all of the factors mentioned above, so that its users have in their hands the tools to ensure their investment and confidentiality.

Beam, a cryptocurrency that guarantees confidentiality.

Beam has been created so that users have complete control of their transaction data. Based on Mimblewimble, it guarantees anonymity and scalable pee-to-peer transactions.

Beam Website

What does Beam Offer us?

Beam offers us a system that makes it impossible to track the identity of its users, it hides the addresses of the issuer as well as the recipient of the transaction, which makes it safe and reliable. It also hides the balance of the transactions that are made, ideal for users who do not know what the amount of money they invest is known.

Another very important feature is that Beam ensures the scalability of the system, merges multiple transactions in a single transaction, tying blocks in a single transaction. This manages to make smaller blocks with fewer details, which makes transactions faster in the network, satisfying the demand of the global market. Its objective is to carry out private transactions that do not overload the network, so that it can adapt to the massive growth of the demand of its users.

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What is Mimblewimble?

It is a protocol published anonymously that focuses on two aspects: Confidential transactions and Transaction Reduction. Its named is based on the silence curse/tongue tying spell of Harry Potter.

Basically the goal of Mimblewimble is to hide the entry and exit of transactions using a combination of two factors: a real value and a blinding factor, which are sent by both the issuer and the receiver of the transaction, the system combines these two factors and creates an intermediate transaction that is impossible to drag on the network. In addition, Mimblewimble, when combining transactions, only needs to store the current state of the transactions and not the history of all the transactions made, smaller blocks are created with fewer details that make the system faster and less burdensome.

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Example of the Use of Beam:

Peter has just sold one of his properties and wants to invest the money in the cryptocurrency market, since he considers this market has great investment potential and is sure to receive returns. However, he wants to keep his investment confidential, because although the blockchain network is safe he has heard that it is possible to know the identity of the users through the tracking of transactions.

For Peter, his anonymity is an essential requirement when investing, after investigating, he discovered Beam, where the transactions he makes with his Wallet can never be traced. Beam is an alternative that offers security and anonymity.

Beam Wallet.

The Beam wallet is very easy to use and secure, the information about your transactions can never be tracked, so it guarantees that your users remain anonymous. This wallet for desktop and mobile devices supports Mac, Windows and Linux.

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Team

Beam has a very capable and committed team with its clients, its main objective is to provide confidentiality to its users, since security is very important when investing your money.

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