#beam, the #privacy Focused #cryptocurrency Built on The Mimblewimble Protocol
▻https://hackernoon.com/beam-the-privacy-focused-cryptocurrency-built-on-the-mimblewimble-protoc
Mimblewimble was born in 2016, when an anonymous individual, going by the pseudonym Tom Elvis Jedusor (a character from the Harry Potter books), signed into a Bitcoin IRS research channel, dropped a document and signed out. The document contained information about a new #blockchain proposition titled: Mimblewimble (also a reference to a Harry Potter). An updated whitepaper of Mimblewimble was published by Andrew Spoelstra on the 6th of October 2016.The original Mimblewimble document contained a new approach to the blockchain-based ledger. It proposes a change in transaction construction from Bitcoin’s, making it much faster and scalable. Mimblewimble utilizes some of the originally intended tricks for Bitcoin to empower the privacy of transactions (Greg Maxwell’s CoinJoin and Confidential (...)