Find confidentiality in beam

• Introduction to Beam
  Initially it was assumed that crypto exchanges operations were confidential they could be achieved by using the private and public key pair however, research has proven informations involving cryptocurrencies transactions were being leaked by the exchanges, merchants, OTC dealers or even by collecting and clustering data. The problem of confidentiality of information is solved by using the protocol known as the Mimblewimble this protocol was introduced in August 2016 by Greg Maxwell. Mimblewimble protocol are executed using cryptogenic commitment Scheme which consist of the binding and hiding properties this for example can can be done by giving a person a person a closed box with data in which only you know the combination later on the combination would be given to person this process is known as commitment.

• What you need to know about Beam
  Beam is a crypto currency facility whose major function exist primarily in ensuring the privacy and confidentiality of users such as individuals and organizations. Beam is also essential as a store of value for crypto coins because it is expected to increase in the level of performance in the future to be used as a means of exchange.

• Features of Beam

1. The most important feature of Beam is its ability to keep information private.
2. It does not require the services of a trusted third party
3. Blocks are mined by Equihash proof of work algorithm which has a large memory capacity
4. It is completely confidential by establishing trust this is achieved by not storing informations about the parties to a transaction.
5. It is highly scalable as a result of the smaller, compact block chains.
6. It allows for confidentiality without penalties such penalties for bloating and computational excessive overhead cost

• Why beam is different
  

Source: https://docs.wixstatic.com/ugd/87affd_3b032677d12b43ceb53fa38d5948cb08.pdf

                             "BEAM 2018"