Beam BEAM Price 0.01077505

Beam is a coin that goes all-in when it comes to user anonymity. With the help of the Beam protocol, it provides not only confidentiality, but also reduces bloat of the blockchain, which slows down transactions. MimbleWimble is a privacy protocol that was proposed in 2016 by a developer under the name Vodermort. It is named after the spell "Tongue Spell" which does not allow enemies to reveal secrets in the popular TV series about Harry Potter. The transactions are based on confidential transactions. Users can use confidential transactions to protect their transactions and values. The blinding factor is a string of numbers that protect the data of a transaction. The transactions of an individual are not visible to the other users. The end result is a "pot" of transactions, the individual origin of which is difficult to track. In the first 18 months of Beam, the coin remained resistant toASIC in order to promote decentralization. Since then, the network has undergone a hard fork to change the way transactions are recorded in the block chain. Personal information about the transaction is deleted from the network.