BLOCKHAIN FUTURE: BEAM (My entry to @OriginalWorks Contest)

in #originalworks6 years ago (edited)

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BEAM

BEAM (INTRODUCTION)

     In the digital world the constant evolution of the blockchain has made many people make their profits depend on cryptospace, making the human ingenuity for the acquisition of income evolution and with it the economic income. People are always going to worry about the administration and security of their income, doing that this can cause stress, for this reason the constant updating of the blockchains is a factor that plays an important role in the users of this type of platform.

     What happens if I tell you that the worries are over? since, there is a platform that helps to end the constant concerns of users in relation to the visualization of their profits, "BEAM" promises to be a great solution for this type of problems, since this platform has its own 100% wallet secure and its cryptocurrency.

     BEAM is very efficiently related to a protocol called MimbleWimble. and possibly you ask yourself: what is MimbleWimble? It is something that you may recognize only if you are a hardened Harry Potter fan, but if that is not your case, it is a spell in this saga that means "Tongue Tied". Now, dear friend, what does Mimblewimble have to do with the BEAM platform?

     Mimblewimble is a protocol that works to automate BEAM algorithms in order to guarantee confidentiality and absolute control of information to all users, thus allowing security in relation to all transactions within this platform. Through the Mimblewimble protocol, BEAM also manages to make a blockchain more efficient and with less detail during transactions, allowing transfers to be made more quickly and efficiently, always taking into account confidentiality, security and attention to all the details that It worries the users.

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BEAM

Cases of uses

Case 1:

     Danny considers himself a cryptocurrency worker and over time has generated huge profits. He wants his fortune saved and not exposed publicly, he has doubts about the display of his profits.

     Danny does not want his money put into a public exchange, since he has had bad experiences with people who have visualized his earnings.

     In the middle of the search, Danny meets Beam, a platform that allows him to manage his earnings without being available to the public. Danny feels safe on this platform, which at the same time saves his earnings, protects him and helps you generate more income.

Case 2

     Sharon is a specialist in financial management and is very careful with the privacy and visualization of his earnings and has been part of the world of cryptospace for some years, realizing that some of his profits were in the domain of visualization of all the world, began to worry about their security and privacy.

     For this reason he wanted to find a way to manage his accounts easily without having to worry about external factors while making transactions quickly, practically and safely.

     Through Beam Sharon began to feel calm in relation to their profits and the security of such finances, through this platform that is characterized by its security, reliability and effectiveness.


Source

Explanation of the implementation of confidential transactions

     Suppose a person gives a safe with a message inside it to another person, then this is the use of the concealment property. In a person point the first person gives the key of the box to the second person who uses this key to access the message and validate the commitment made by the first person, is valid. This property is called binding. Together, concealment and liaison are used to achieve confidential transactions.

How does BEAM work?

     the type of transaction between users is established, after which everyone uses the Schnorr protocol (this protocol consists of a digital signature system that links them to the private key and the public key). This protocol prevents the security key from reaching the public. The order of the transaction is sent to some node in which the value of said transaction is verified.

     The transaction begins to be distributed by the mining group until the extraction is synchronized thanks to the Equihash algorithm, the transaction being consolidated. All this process is simplified by the digital wallet of BEAM that facilitates the use of a safe way, all this maintaining the privacy of the users and the transaction in a general way.

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BEAM

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BEAM

TEAM BEAM

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BEAM

CONCLUSION

     The people value their privacy inside and outside the internet, a platform that promotes confidentiality, privacy and efficiency is ideal for today and even more in the blockchain world and people who want to maintain the privacy of their income while generating profits in a way efficient. BEAM, proves to be an efficient solution for the concerns of the users and the care of their profits. BEAM is postulated as the future within the cryptocurrency wallets. Its advantages, such as security, confidentiality and ingenuity within the platform, make BEAM an innovative and striking invention within the blockchain world.

Sites of interes:

Beam Website
Beam Position Paper
Mimblewimble Paper
Beam YouTube
Beam Telegram
Beam Facebook
Beam Github
Beam Bitcointalk
Beam Medium
Beam Twitter

Understand it better!:

beam2018

beamtwitter

Twitter Link:

https://twitter.com/UnaOriMas/status/1036779091884744705

This is my entry for the contest of @originalworks if you want to participate enter the following link!:

1125 STEEM ~ Sponsored Writing Contest: Beam

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It's splendid not just sublime!

Yes!, thanks for the support!

This is cool work, friend.

Tanks for te support! @nlazarev69

Looks incredible and elegant :-)

Thanks boy!

Clean. So graceful.

It's appealing not just classic!

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