Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Cryptocurrencies

BEAM cryptocurrency launches under Mimblewimble protocol

Friday 4 January 2019 | 01:20 PM CET

The BEAM cryptocurrency has officially launched under ‘Mimblewimble‘protocol, aiming to become the Bitcoin alternative.

Together with the Grin cryptocurrency, BEAM intends to use the Mimblewimble protocol as a mean to make transactions secure with confidentiality and eliminate traceability.

BEAM official GitHub further details what users should expect with the unveiling of their cryptocurrency. According to the launch, BEAM users will able to control the availability of their information to interested parties. The additional feature of transparency would have not only individuals using the crypto but also businesses looking to utilize the optional transparency feature.

Aside from the data control, BEAM also looks to introduce a new technology known as Dandelion to build upon the confidentiality of the transactions. The Dandelion technology will further focus on facilitating the obscuring of the network traffic activity through the randomization of the pathways present. That will be made possible with the paths through which the blockchain's transactions start being dispersed on the decentralized network structure.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement