Thursday, June 10, 2021

Beam | Scalable Confidential Cryptocurrency. Leading the way to Confidential DeFi | The ideas behind Mimblewimble protocol allow for creation of a coin that is confidential, scalable and optionally auditable. We believe that the Beam coin will serve as a truly usable confidential store of value, with an addition of second-layer solutions like Lightning to allow for day-to-day usage. BEAM is built on Mimblewimble, a very elegant protocol that allows for both confidentiality and scalability. Transaction amount, sender and receiver are hidden using Confidential Transactions, and there are no “addresses” in the system — each user just holds private keys to the UTXOs she owns. Privacy in BEAM is enabled by default. Actually, there are no “open” transactions at all. Reading the blockchain would not yield any information to the observer.

BEAM Confidential Cryptocurrency and DeFi Platform: BEAM Confidential Cryptocurrency and DeFi Platform

Beam | Scalable Confidential Cryptocurrency. Leading the way to Confidential DeFi | The ideas behind Mimblewimble protocol allow for creation of a coin that is confidential, scalable and optionally auditable. We believe that the Beam coin will serve as a truly usable confidential store of value, with an addition of second-layer solutions like Lightning to allow for day-to-day usage. BEAM is built on Mimblewimble, a very elegant protocol that allows for both confidentiality and scalability. Transaction amount, sender and receiver are hidden using Confidential Transactions, and there are no “addresses” in the system — each user just holds private keys to the UTXOs she owns. Privacy in BEAM is enabled by default. Actually, there are no “open” transactions at all. Reading the blockchain would not yield any information to the observer.

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