Forwarded from crypto eli5
beam
the story of mimblewimbe doesn't end here. there is another implementation which started in april 2018 called beam. it's is written from scratch in c++. desipte being only 6 month in development, beam has already launched a testnet (with a graphical wallet!) and the team is on track to launch the network in december 2018, probably earlier than grin.
unlike grin, which has infinite inflation, beam has a finite supply with periodic reward halving. similar to zcash, there is founder's reward with 20% of the mined coins sent into developer treasury for the first 5 years. selling some of the treasury has allowed beam to fund a larger development team.
in addition to the features outlined above, some interesting parts of beam include:
- equihash mining.
- further improvements on dandelion with transaction merging during the stem phase.
- batch bulletproofs.
- super lightweight flyclient implementation.
- secure bbs, which drops the requirement for sender and receiver to be online at the same time.
- auditable wallet, with ability to issue one or more audit keys for third parties.
- graphical and mobile wallets, all acting as full nodes. integration with hardware wallets.
- atomic swaps with bitcoin via p2p exchange within the wallet.
@beamprivacy
beam-mw.com
the story of mimblewimbe doesn't end here. there is another implementation which started in april 2018 called beam. it's is written from scratch in c++. desipte being only 6 month in development, beam has already launched a testnet (with a graphical wallet!) and the team is on track to launch the network in december 2018, probably earlier than grin.
unlike grin, which has infinite inflation, beam has a finite supply with periodic reward halving. similar to zcash, there is founder's reward with 20% of the mined coins sent into developer treasury for the first 5 years. selling some of the treasury has allowed beam to fund a larger development team.
in addition to the features outlined above, some interesting parts of beam include:
- equihash mining.
- further improvements on dandelion with transaction merging during the stem phase.
- batch bulletproofs.
- super lightweight flyclient implementation.
- secure bbs, which drops the requirement for sender and receiver to be online at the same time.
- auditable wallet, with ability to issue one or more audit keys for third parties.
- graphical and mobile wallets, all acting as full nodes. integration with hardware wallets.
- atomic swaps with bitcoin via p2p exchange within the wallet.
@beamprivacy
beam-mw.com
Forwarded from crypto eli5
battle of the privacycoins
bitcoin magazine has published an amazing series about different privacy-oriented coins.
- bitcoin as a privacycoin
- why dash is not really that private
- why monero is hard to bead (and hard to scale)
- verge offers little privacy and nothing unique
- zcash is groundbreaking (if you trust it)
- what we know about grin and beam's mimblewimble
bitcoin magazine has published an amazing series about different privacy-oriented coins.
- bitcoin as a privacycoin
- why dash is not really that private
- why monero is hard to bead (and hard to scale)
- verge offers little privacy and nothing unique
- zcash is groundbreaking (if you trust it)
- what we know about grin and beam's mimblewimble