The Beam is a privacy coin basedon the MimbleWimble protocol. Beam isone of the new wave of coins implementing the MimbleWimble Protocol. Beam Africa had a great 2019, and 2020 isexpected to look Epic. Severalsubstantial-tech updates are expected this year.
Sydney Ifergan, Crypto Expert tweeted: “We wait to see if Beam will offset the issues inherent in privacy coins. We need to see if Beam will truly return privacy to people as stated by Alexander Zaidelson.”
Beam is one of the many efforts to deal with the shortcomings of the existing privacy coins. Grin and Beam were launched just a few days apart. Beam facilitates for stronger control over one's privacy. The users should turn on their privacy features if they do not want their transactions treated as public. Private is not by default. However, if the investors enable the feature, it is honored to the core.
The users will be able todetermine if they can be private or otherwise. They can decide which information will be available to which parties andwhat can be exchanged with the Beam Platform. Beam facilitates advancedscalability by keeping the blockchain lean and compact. The structure sustainsthe longevity of the cryptoverse.
The Beam network makes use of the"scriptless script," therefore facilitates more than just transfer ofvalue. The token supports escrow, atomic swaps, and time-lockedtransactions. The major mission for Beamis to concentrate on the privacy element. The network integrates Escrow, AtomicSwaps, and Time-Locked Transactions. Further, the protocol provides for the integration of unforgeabledigital signatures. The network isauditable on demand.
Beam Privacy takes necessaryArchitectural steps. "Not only aWeb Wallet, but a wallet service that will allow $BEAM to beeasily integrated with existing wallet providers.”
A YouTube Video by Alex Romanovprovides a clear insight into the ongoing development of the Beam TrustlessWallet Service.
There are several shops andmarkets that accept Beam. A wide rangeof services, starting from accounting, hosting solutions, and VPN, acceptsBeam. The token is also accepted forGaming, Gambling, and donations.
The token depends on miners toadd the transaction block to the network. Beam Hash II a modified version of Equihash (150,5) proof of work miningalgorithm.
The Mining Calculator can be usedto estimate the coins per block, network hash rate, block time in seconds, GPUcard, Hashrate, Number of Cards, GPU card Wattage, Beam Price, and Electricitycost per kW/h.
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