Beam

anibalalfonso (34)in #steemit • 6 years ago (edited)

Introduction

Bitcoin has become the digital currency with the highest growth in recent years and with a projection to continue growing in the future, the blockchain technology is not complete, many barriers have yet to be overcome in order to make this technology be definitively refined , one of the variants that exposes a problem for some users of cryptocurrencies is the fact that their data can be tracked through transactions through the analysis of the chain of blocks which is available to the public, these are some of the variants in terms of security that worries many users and many applications that could be given to this new technology, if it comes the trasparecía is necessary in some cases, it is also the confidentiality

What is Beam?
Beam is a digital currency that is characterized by being truly anonymous, although it remains a currency with the properties of the immutable and incorruptible blockchain has also been designed taking into account its own characteristics that come to provide greater scalability and features.

Private by default:* the user has absolute control over the available transaction data, which allows the option of transparency and privacy

Based on Mimblewimble: * Beam has smaller blocks than any other block chain, which gives it maximum scalability. It is a faster and more efficient network

Beam provides a difference in what it refers to is undoubtedly one of its main utilities and it is the commercial transfers, in a completely safe way for both interested, Beam really offers true anonymity

What can Beam do?

basically beam is a cryptocurrency with high reliability and scalable. It uses the Mimblewimble protocol, its fundamental purpose is:

Give users control over what transaction information is shared and with whom it is shared

Make a thinner block chain with less transaction details per transaction: allowing faster confirmations and, therefore, very efficient scaling

Tie multiple transactions in a single transaction, tying blocks in a single transaction, tying a complete block chain in >a single transaction

Hide transaction values for the sake of privacy

Hide addresses of both the sender and receiver

Enabling multiple types of transactions privately: escrow, time locked, atomic swaps, etc.

The solution - Mimblewimble
Mimblewimble is a concept based on providing the user with the ability to perform transactions with a high degree of privacy without collapsing. The re beam is building its network completely from scratch using Cimet based on Mimblewimble, "Beam can scale to adapt to mass adoption and, at the same time, maintain reasonable block sizes and allow total control over privacy. "

Below you can find more information on the beam channel