The ideas are based on the MimbleWimble protocol, allow you to create coins that are confidential, scalable and possibly verified.
Confidential cryptocurrent. Blockchain Beam
The blockchain of this project will support about 17 transactions per second. Although this number is greater than that of Bitcoin and other existing confidential coins, it is important to emphasize that it is not great enough to use Beam as a means of mass payments. In the future, it will be possible to increase transaction bandwidth using second-level solutions, such as Lightning, Thunderella or similar. Over these decisions, the project developer team is now closely.
In Beam, one block will be created approximately every minute. Each unit will contain about 1000 transactions.
Instead of storing the full history of transactions, both in Bitcoin and other coins, only the current state of UTXO is stored in the Beam node, and not the whole transaction history. The accuracy of the story, which led us to this state, can be confirmed by storage only by the headers of previous blocks, in which confirmation of the reliability of previous states (using the structure called Merckla tree) and proof of work, which allows you to achieve consensus to proof which chains Headers should be considered correct in the case of branching. This is achieved with a pass-through, one of the main concepts in MimbleWimble. We are still experimenting and evaluating, but it is quite reasonable to assume that the BEAM blockchain will be less than 1/3 on the size of the Bitcoin blockchain, possibly up to 10% (provided that the amount of activity).
The founders of the project chose the Equihash mining algorithm, because it exists long ago. Equihash Pow minorga algorithm is well received by miners worldwide. It is associated with the introduction / outcomes, which means that it requires a rather large amount of memory, unlike Bitcoan SHA256, which requires high computing power. Equihash is constructed in such a way that it does not make it easy to find a compromise between computing power and memory, which makes it difficult to use asic with miners that existed at the time of its creation. Today there are specialized asic miners who can Maja Equihash ten times more efficient than the average processor.
EquiHash with parameters N = 150 and k = 5 will be used to start the main network.
To provide better decentralization, the team plans to keep ASIC resistance during the first 12-18 months. To achieve this, we plan to perform one or two hard fort: first after 6 months of existence, and another one after 12 months. Each Hard-Fork will change the mining algorithm. Exact modifications will be detected several weeks before the actual hard fort.
Maintaining this coin will be useful by video NVIDIA Major Maps (Algo Equihash 150.5) - https: // www.YouTube.COM / Watch?v = ovmynas1zcq&Feature = YouTu.BE
The treasury model is the best way to pay remuneration to our investors, representatives, and the command of the founders.
The treasury works as follows: In the first five years of existence of 20% of all the coins issued are automatically sent to the Treasury. Technically, additional coins are produced for each mined block. Our investors, the main team, our consultants and the non-profit fund will receive monthly coins from the Treasury.
The project site says:
We believe that the five-year period of payments creates the balance of interests between all parties and ensures that our coin will receive support necessary for success.
Confidential cryptocurrent. Team Beam
The BEAM project gathered a strong team of first-class developers, entrepreneurs and experienced consultants. Currently in the team - 7 full-time developers, growing marketing team and experienced management.
The main team I Beam Development Ltd do not intend to manage the project in the long run. It makes no sense to have cryptocurrency managed by a centralized corporation. Therefore, the software solution for the entire Beam community is now being developed. The command opened the source code and welcomed the developers to work open source. Financing will be used by a non-commercial fund created, which will be unconditionally funded from the treasury.
In the coming years, Beam Foundation will be responsible for support, promotion, and further development. The Foundation will be created as non-commercial, most likely, in Switzerland and will be managed by the Board of Directors, which includes authoritative sectoral figures. The fund will receive a significant part of the Treasury and will finance projects and initiatives in the fields of applied and fundamental research, the development of MimbleWimble, and many other research and development.
CEO - Alexander Zaelesson, experienced entrepreneur, executive director and venture capital investor.
The team of developers is headed by technical director - Alex Romanov, has 15 years of experience in complex technological projects in the field of research and development.
Chief Operating Director - Amir Aaronson, an experienced entrepreneur and head.
Marketing Director - Beni Issembert, has great experience in the field of consumer marketing and in the cryptographic world.
Our chief evangelist - Dylan Dyudni, entrepreneur, cript industry enthusiast and investor.
Development management is carried out - Sasha Abramovich, Specialist of the highest level with extensive technical experience in developments in Agora, AppsFlyer projects, Natural Intelligence and many other projects.
Project Advisors: Guy Corim, Brian Bishop, Gordon Chen, Rami Casterstein, Ferdus Bhai, Laraz Siri and Addison Hügel.
Beam media channels
At the moment, the project development is carried out according to the plan scheduled in the roadmap. With the progress of development and with news you can find on the site and in the media channels of the project:
Site- HTTPS: // WWW.beam.MW
Hithab- Https: // GitHub.COM / Beammw / Beam / Releases
Telegrams- HTTPS: // T.ME / BeamNews
BitcoINTalk Rus- HTTPS: // Bitcointalk.ORG / INDEX.php?Topic = 5103077.0
altcoinstalks- https: // www.Altcoinstalks.com / index.php?Topic = 93375.0
View course and exchange - https: // coinmarketcap.CURRENCIES / Beam /
Website with materials about technology blockchain and cryptocurrency - Cryptocinoxpert.info