Sponsored writting contest : Beam (held by @originalworks) #beam

in #originalworks6 years ago (edited)

What is BEAM?

BEAM is a next generation confidential cryptocurrency based on an elegant and innovative
MimbleWimble protocol.

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source

Things that make BEAM special include:

● Confidentiality without penalty - in BEAM confidential transactions do not cause bloating
of the blockchain, avoiding excessive computational overhead or penalty on
performance or scalability while completely concealing the transaction value.
● No trusted setup required
● Limited emission using periodic halving with total amount of coins ~210 million
1
● Users have complete control over privacy - user decides which information will be
available and to which parties, having complete control over his personal data in
accordance to his will and applicable laws.
● No addresses stored in the blockchain - no information whatsoever about the either
sender or a receiver of a transaction is stored in the blockchain.
● Superior scalability through compact blockchain size - using cut-through feature of
MimbleWimble BEAM blockchain is orders of magnitude smaller than any other
blockchain implementation.
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● Blocks are mined using Equihash Proof-of-Work algorithm
● Implemented from scratch in C++ by a team of professional developers.
● BEAM supports many transaction types such as escrow transactions, time locked
transactions atomic swaps and more.
● No premine. No ICO. Backed by a treasury, emitted from every block during the first five
years.

Introduction

Since Bitcoin, the first implementation of the idea of peer to peer electronic cash system proposed by Satoshi Nakamoto back in 2008 [1], the field of crypto currencies and blockchain based systems has exploded producing thousands of different projects, technologies and research papers. Today one can find such projects ranging from distributed computing to Enterprise solutions and applied to all fields from medicine to automotive industries. However, the basic need for people to store their money and transact in a secure way without relying on a centralized authority is still the main use case and the most important, which is one of the reasons why Bitcoin is still the top cryptocurrency and is as influential today as it was almost ten years ago. In Bitcoin, as in most crypto currencies since, your balance is represented by a series of transactions which can be traced back to the very beginning of a blockchain. In order to prove the validity of the system we need to make sure that each transaction in a chain is valid, and to do so without relying on a centralized entity, which is the main purpose of Bitcoin nodes and miners. All participants in the system must agree, or using more professional terms "reach consensus", on an official version of the transaction history and be able to do so without trusting each other or anyone else. The ability of the system to do so is the true strength of the Bitcoin idea.
Introduction source

Features

Confidentiality
All transactions are private. No information about transaction participants is stored in the blockchain.

Versatility
“Scriptless Script” technology allows implementation of a wide variety of transaction types beyond simple transmissions of value; for example, atomic swapping, escrow, and time-locked transactions.

Scalability
The “cut-through” feature of Mimblewimble helps to avoid excessive computational overhead, making the BEAM blockchain orders of magnitude smaller than any other blockchain implementation.

Open source, implemented from scratch, community-governed, and backed by the Beam Growth Pool: 20% of block mining rewards goes to this pool to incentivize development and promotion of BEAM.

Usability
A wallet for desktop and mobile, designed to support day-to-day usage for both individual and small business users. The built-in dashboard makes budget management easy, featuring actionable spend and earning insights

Compatibility
An industry-proven Equihash algorithm was selected to ensure broad adoption by existing GPU miners. BEAM comes with an extensive set of tools for running and managing mining nodes

Under the hood


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Ambassador Program

BEAM has a quickly growing Ambassador program based on locality. Our ambassadors promote Beam by organizing meet-ups, holding talks and conducting knowledge-sharing sessions. So if you are highly motivated, really good at conveying ideas and communicating with people, and excited by our implementation of Mimblewimble
Beyond the obvious reward of being first BEAMER in your crypto community, we are happy to let you know there
is a compensation involved ;)
Drop us an email to ambassadors@beam-mw.com or use the below form with a brief bio and why you think
you'd be a great fit to represent BEAM in your area.
The BEAM team is rapidly moving forward and reaching our milestones – momentum is building by the day,
and you are a part of that!

Join our Ambassador program -->HERE

BEAM Ambassador program newest:-

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TEAM MEMBER

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screenshort

you can contect to beam team :-
FACEBOOK CLICK HERE
TWITTER CLICK HERE
REDDIT CLICK HERE
MEDIUM CLICK HERE
DISCORD CLICK HERE
TELEGRAM CLICK HERE
GITTER CLICK HERE
YOUTUBE CLICK HERE
BITCOINTALK CLICK HERE
GITHUB CLICK HERE

link of original contest post : https://steemit.com/crypto/@originalworks/1125-steem-sponsored-writing-contest-beam
Contest Held by @originalworks @contestbot

link of my twitter
https://twitter.com/amritmahal10/status/1038832666211020800

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