BEAM: Privacy and Solidity

gabynnette (50)in #cryptocurrency • 6 years ago (edited)

What is BEAM?

BEAM is a cryptocurrency with a completely anonymous value, which contains smaller blocks than any other block chain because it is based on Mimblewimble, giving it greater scalability than other cryptocurrencies within a fairly efficient and efficient network.

Beam is the solution that offers true anonymity and scalable peer-to-peer transactions.

Characteristics of BEAM:

• New transactions made by each user through their portfolios use a more secure channel, whether online or offline. Each portfolio carries out its transactions supported by the Schnorr protocol.

• Each transaction is sent to a node, which contains range tests which verify that each operation is successful both input and output.

• Verification of the transaction is recorded in a small part of the chain block, eventually creating a compact history for future rapid synchronizations.

• The extraction of the block is sent back to the node for the respective validation and distribution.

• Each extracted block will be mined and extended within the chain and will be as a suggestion to achieve full approval of the entire structure.

• The connection of each new node to the network, will allow you to consult the transaction history and see if it contains the state of the system with the headings of the chain of blocks.

Comparison of BEAM with other Cryptocurrencies:

The supply and privacy that BEAM executes in comparison with some of the best known cryptocurrencies give it unique support within the transactions that are executed daily within the cryptographic world.