Beam security and reliability
incorruptibility immutability and in turn an ancestry satisfactory to
its users.
Benefits for investors
According to these characteristics the user can have total confidence
since their transactions will be transparent and confidential, in the
same way has the advantage of speed and efficiency.
Mimblewimble
Beam uses the mimblewimble protocol giving its users control over the
information they share and with whom they share it.
It also grants maximum flexibility by owning smaller blocks than any
block chain.
Privacy as the best quality
Mimblewinble specialize in the confidentiality of their transactions
based on a cryptographic commitment scheme, based on two basic
properties, which are: Hiding and Linking.
Regardless of how many transactions the user makes with their wallet,
their withholding information will never be traceable.
Inefficiency of some blockchain
Blockchain platforms such as bitcoin, lack confidentiality since
people can track data and deduce the origin and end point of
transactions.
It can be said that even though a cryptocurrency is anonymous with a
careful analysis, the user can be revealed.
Some practical uses:
1)Creation of savings funds.
2)Commercialization
General features:
Beam unlike other cryptocurrencies will only make public the
information you allow, thus attracting people who prefer to remain
anonymous, which would not be achieved through traditional currencies.
It also highlights the speed of processing in their transactions,
which makes their adaptation to be better so that it can be used as a
method of payment in shops that require speed in transactions, since
many of the cryptocurrencies process transactions at high times.
References and links of interest:
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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