Home / Blog / Hey Reddit, we are Beam, a scalable confidential cryptocurrency. AMA! : CryptoCurrency

Hey Reddit, we are Beam, a scalable confidential cryptocurrency. AMA! : CryptoCurrency

Hey Reddit, we are Beam, a scalable confidential cryptocurrency. AMA! : CryptoCurrency

Hey everybody,

Beam is a non-public, scalable cryptocurrency primarily based on the elegant breakthroughs of the Mimblewimble protocol, which utterly conceal the values, and transacting events, in a prunable method which reduces bloating of the blockchain. In addition to enhanced privateness and fungibility, this permits for a lot higher scalability.

None of the cryptographic protocols utilized in Beam require a trusted setup. Beam makes use of a Proof-of-Work consensus. Like Bitcoin, shortage is ensured by periodic halvings. Beam has developed wallets for all main platforms (each cellular & Desktop) with superior options like Atomic Swaps, cost proofs and rather more. Beam it’s traded on over greater than 30 exchanges and accepted on greater than 150 shops.

Beam has no premine and no ICO. It’s backed by a treasury, emitted from each block throughout the first 5 years. Beam has been carried out from scratch by builders with years of expertise in trendy C++ system programming.

Today, Alexander Zaidelson (Business Lead), and Alex Romanov (Tech Lead), will probably be answering your questions from 10AM EST. They will hang around for awhile, so ask away!

UPDATE: Loving the entire questions to this point, and searching ahead to many extra. We are signing off for the second, however will decide this up within the morning.

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