By being an auditable privacy coin, Beam believes that digital currencies can coexist with the existing economic system
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2019-03-15 14:13
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Digital currency and the concept of currency in the real world are interlinked, and the two should run in parallel.

Odaily previously reported the first project based on the MimbleWimble protocolBeamsecondary title

Coexistence of Beam and existing economic systems

Beam CEO Alex said that Beam's basic point of view is that digital currency and the concept of currency in the real world are interlinked, and the two should be in parallel. Digital currency can solve the shortcomings of the existing financial system. The purpose of Beam is to achieve 100% privacy. On the other hand, users can also choose to disclose part of the information. Beam will establish optional audits for individuals and companies to choose.

In terms of privacy, community members Fengyun said that it is impossible for Beam to achieve 100% privacy. 100% is a very idealized state. Personally, I think it can only solve 80% of privacy. Fengyun said that privacy issues must be a very important direction in the future, involving everyone's issues.

The Beam 2019 roadmap shows that the team's work in 2019 will focus on the two main lines of "Beam core" and "Beam compliance". Among them, "Beam core" refers to the payment network that will focus on maintaining and improving Beam tokens , which is more reflected in the technical aspect, while "Beam compliance" refers to the cornerstone of future compliance review and audit on the Beam chain, which is an important part of the Beam project and also reflects the Beam and the existing economic system. part of coexistence.

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Community Concerns About Beam's Future Development

The Beam community is active and identifiable, but there are still some questions and concerns raised about the future that we hope will be addressed. We have sorted out some questions and answers raised at the event site,

Q: Will the application of DAG technology lead to Beam becoming more and more centralized?

A: There are people in the team who understand DAG. The DAG is proposed on the roadmap because we have this consideration, but the roadmap is not final. During the period, we will also understand the voice of the community and make adjustments. Currently, there is no substantive progress on DAG .

Q:Beam The Android and IOS wallets of the mobile phone version are spv lightweight rather than full-node wallets. In the future, users who do not understand the core value of the full-node wallet will download a large number of lightweight wallets, resulting in a decline in the number of full nodes, which will cause centralized At the same time, since the lightweight wallet transaction data will be concentrated in the full node of strangers, privacy may be leaked.

A: At this stage, the Android and IOS wallets we released are not full-node wallets. As for whether full-nodes can be implemented on mobile phones in the future, it is still under study. But under the MimbleWimble protocol, even if the full node knows your address, it can only know that you are trading and will not expose your other information.

Q: In privacy coins, A may send money to B, and B does not know whether he has received it or denies that he has not received it. How to solve this problem?

A: The payment confirmation function is currently being developed. When A sends a transaction to B, A will receive a signature to confirm that B has received it.

Q: It is understood that Beam requires both parties to negotiate in advance before transferring funds. Is it very troublesome?

A: Beam addresses are divided into temporary addresses and permanent addresses. Temporary addresses are valid within 24 hours and automatically expire after 24 hours. Essentially speaking, Beam requires both parties to be online at the same time during the transaction, but it can also be confirmed online within 24 hours. If there is no confirmation for more than 24 hours, it will return to the original address. Transactions based on the MimbleWimble protocol do not have to worry about losing coins.

But we believe that requiring both parties to be online to complete a transaction is a flaw in the MimbleWimble protocol. Because sometimes even if the full node is online, the Chinese network port may be filtered and restricted by the operator. When it looks online, the transaction cannot actually be carried out.

Q: Will Beam have a virtual machine or a smart contract similar to ETH in the future?

A: Currently, the features of smart contracts are not supported, but it may be considered in the future, or it may be done by introducing a unitary mechanism. Asset Tonken may be supported in the future, but the premise is to let everyone understand Beam’s privacy currency first, and smart contracts are still a bit early for Beam.

other suggestion:

  • Try to download full nodes instead of lightweight wallets;

  • There is a permanent storage function in the address, it is recommended not to use it when trading;

  • I am Odaily reporter Wu Suixin (WeChat ID wsuixin12), please note your name, unit, title and reason when adding friends.

I am Odaily reporter Wu Suixin (WeChat ID wsuixin12), please note your name, unit, title and reason when adding friends.

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