Introduction

Before talking about Beam we must first talk a bit about blockchain, the blockchain system is decentralized, immutable and incorruptible. It is an accounting book where all the transactions carried out through a chain of blocks are recorded and are public domain.

The blockchain system is transparent, reliable and safe. For this reason every day new projects and solutions are born within this system, but no system is perfect and one of the main problems of this system is confidentiality.

Beam was created to solve the confidentiality of transactions and to create a chain of blocks where the relevant information is stored, by creating smaller blocks, thereby increasing the speed of transactions and their scalability.

What is Beam?

It is a store coin of truly anonymous value.

It has all the benefits of the blockchain but with other features such as:

• Private by default: users have absolute control over available transactions, which allows them the option of transparency and privacy.
• Based on Mimblewimble: it has smaller blocks than any other block chain, which gives it maximum scalability. It is a faster and more efficient network.

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Mimblewimble Spearhead by Beam

Beam solves what others have not done so far or even Bitcoin and is offering true anonymity in scalable peer to peer transactions.

Beam thanks to its mimblewimble protocol, to automate its algorithms it is possible to grant its users control over what information they want to share about their transactions and with whom. Make chains of thinner blocks resulting in faster scalability. Tie multiple transactions into one. Hide the values of the transaction by privacy, as well as the addresses of the issuer or receiver. Enable multiple types of transactions privately.

Another feature of Beam is that an Equihash algorithm was chosen that makes it compatible with the entire industry for mining.

Source of image taken from Beam's webside and modified with PowerPoint

Privacy & Public

All criptomodas and their ecosystem can trace their transactions through a thorough analysis of the chain of blocks because these are public to anyone who wants to see it. This is a source of concern for large investors and companies because they can compromise their security.

Despite the fact that some crypts have placed privacy features, none had given priority to this topic. Beam with its Mimblewimble protocol provides a solution to this problem and another that had been presented with the large blocks of the chain, which caused slowness in the scalability and speed of transactions. Beam to create thinner blocks improves the scalability and speed in transactions making this network the safest and most efficient.

Benefits of Choosing Privacy Levels

Beam provides its users absolute control of what information can be registered in the block chain, for an investor this is quite relevant because it allows you to hide information from the public or people who wish to track the movements of your transactions, your address and that of the recipient .

The user will only record the value of the transaction, the purchase-sale operation of the crypto in the network of the chain of blocks to validate the transaction without leaving a trace of who were involved in the operation. This maximizes the security and privacy of those involved. in said transaction.

For large or small companies that want their operations to be transparent, they can place information relevant to their transparency in the public eye, but hide sensitive financial information for their competitors.

Beam has opened with the Mimblewimble protocol a range of possibilities to generate more confidence to those companies and investors where privacy is everything.

Beam revolutionizes the new era and way of seeing the blockchain where privacy goes in hand with transparency, security and trust in transactions.

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Beam use case

Carlos lives in Mexico City, where kidnapping is unfortunately very common for high-income and successful people.

Carlos in recent years has amassed a great fortune thanks to his investments of cryptocurrencies, but lately he feels very worried that his transactions are tracked and analyzed by criminals who know that they can obtain the addresses of large investors in cryptocurrencies just by analyzing the net.

Carlos hears about Beam and realizes that with this platform his investments are safe to be tracked and his privacy gives him the security to continue investing with tranquility.

Beam gave the solution that Carlos needed to feel safe and confident that his privacy is assured thanks to the Mimblewimble protocol.

Final Considerations

Beam is the solution to the confidentiality and privacy that investors and companies needed and searched for years.

The Mimblewinble protocol is the central system of Beam and thanks to its features it offers users the solutions of privacy, scalability and speed in the transactions that the blockchain did not provide as a whole.

Beam is born and strengthens thanks to the fact that it gives its users what others can not give their clients, the freedom to choose the levels of privacy they want.