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BEAM - Scalable confidential cryptocurrency

BEAM - Scalable confidential cryptocurrency

Mimblewimble implementation

Yaahub wishes to throw some light on the Core Features of BEAM, the Mimblewimble implementation.

FEATURES:

Confidentiality:

All transactions are private. No information about transaction participants is stored in the blockchain.

Versatility:

"Scriptless Script" technology allows implementation of a wide variety of transaction types beyond simple transmissions of value; for eg. atomic swapping, escrow, and time-locked transactions.

Opt-in auditability:

To comply with relevant regulations, a wallet can be configured to attach digitally signed documentation (eg invoices or contracts) to all transactions in a cryptographically unforgeable way. In turn, specific auditors can be granted permission to inspect the complete list of transactions along with all the attached documents.

Confidential assets:

Ðœultiple asset types (eg real estate tokens, corporate debts and simply new currencies) can be created and exchanged via BEAM confidential transactions mechanisms.

Scalability:

The "cut-through" feature of Mimblewimble helps to avoid excessive computational overhead, making the BEAM blockchain orders of magnitude smaller than any other blockchain implementation.

Sustainability:

Open source, implemented from scratch, community-governed, and backed by the Beam Growth Pool: 20% of block mining rewards goes to this pool to incentivize development and promotion of BEAM.

Usability:

A wallet for desktop and mobile, designed to support day-to-day usage for both individual and small business users. The built-in dashboard makes budget management easy, featuring actionable spend and earning insights.

Compatibility:

An industry-proven Equihash algorithm was selected to ensure broad adoption by existing GPU miners. BEAM comes with an extensive set of tools for running and managing mining nodes.

Please visit the current website of BEAM: https://www.beam.mw/

Current Alexa Ranking:

Global Rank: 145,043

Rank in United States: 73,118

Country Percent of Visitors Rank in Country
United States 17.8% 73,118
France 14.7% 19,996
Japan 11.1% 49,770
Russia 5.2% 58,483
Germany 4.8% 59,905

Source Link: https://bitcointalk.org/index.php?topic=5052151.0

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