BEAM A Cryptocurrency That Cares About Your Safety

Beam is a new project based on the blockchain however this brings a novelty with respect to most of the more traditional cryptocurrencies, since its main characteristic is the security of the data. Unlike cryptoes such as bitcoin, all data is public, Beam does not provide data such as the amount you transferred or the address to which you did it, to third parties not involved in the operation.

Privacy problems in most cryptocurrencies:

It is true that cryptocurrencies provide some anonymity, however not all people like their data to be public, and if we analyze a little, other unwanted people may know who you are analyzing patterns of use of the address you handle , something that could bring us inconveniences.

But the solution to the lack of privacy is already at your fingertips and it's about Beam that promises to meet the expectations of all those who care that their data is safe. Beam, unlike the other cryptocurrencies, makes all the transactions made in its network totally private.

Mimblewinble

Mimblewinble is the technology that makes Beam so promising, this technology is a cryptographic protocol, which allows private transactions without saturating the network.

In addition, the mimblewimble emits smaller blocks, which makes the network is capable for massive use, unlike other cryptocurrencies that can only process up to 7 transactions per second, the mimblewimble system is able to reach a number of transactions similar to that of Companies like Visa that could process up to 56,000 transactions per second if necessary.

The great advantage of doing your private transactions.

In recent months we have observed that some cryptocurrency markets have been victims of cybernetic theft of some cryptocurrencies. With Beam this is much less likely because security levels are high, and data is much less public.

No doubt your information and your money is much safer.

Technical comparison of Beam and other cryptocurrencies

References and links of interest:

Beam Website
Beam Position Paper
Mimblewimble Paper
Beam YouTube
Beam Telegram
Beam Facebook
Beam Github
Beam Bitcointalk
Beam Medium
Beam Twitter
Info of Mimblewimble

All the images used belong to:

Beam Website

I invite you to read about the contest organized by: @originalworks by clicking on the following link, https://steemit.com/crypto/@originalworks/1125-steem-sponsored-writing-contest-beam

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