Review on Beam by LUIS RIVERO R
Modernization of the blockchain and Bitcoin in general.
This is a project that is intended to strengthen privacy in user transactions, based on the Mimblewimble protocol that is also being used and developed by LTC. This technology is intended to make each block processed less heavy and that there is no need to execute all transactions because according to this protocol they become unnecessary and slow transactions, this currency is born as a solution to all these problems.
Unlike its closest competitor, this project has a government for its financing and development, fully supervised by the Beam Foundation and is responsible for guiding each of the steps taken by this project.
In general, this type of projects should be kept in the spotlight since the important updates will be given by the new assets but that will be decided by the time this is supported by each of the actions taken, it is still early for this cryptocurrency since in the future it can Be one of the pioneers in this technology. for now the progress is in the usability of the asset and in the case of Beam the support that the community gives to this cryptocurrency.
Pros
- Your official wallet is available for Android, iOS, Linux, windows.
- It has a well structured road map.
- Private transactions without backup of user data.
- Usable in several ways as it is available for any platform.
- Highly scalable
- Government management and planned financing.
- innovation and substantial changes in current blockchains.
Cons
- This cryptocurrency is new and is still in development.
- Source code created from scratch, that is, it may contain problems
- It currently has several competitors in privacy.
