What is the cryptocurrency Beam (What is a cryptocurrency, what are its characteristics)?
What is the cryptocurrency Beam? Beam is a cryptocurrency designed to offer an
What is the cryptocurrency Beam? Beam is a cryptocurrency designed to offer an alternative digital identity solution. Unlike other tokens, it has unique features and properties: highly secure and irreversible; completely decentralized and controlled by smart contracts (without permission); anonymity and programmability. By combining these unique functionalities, Beam allows users to participate in network activities in a decentralized manner. The creation of Beam is to protect its privacy. Beam adopts a new mechanism to prevent fraudsters, while using smart contracts to ensure transparency, security, and the ability to conduct invisible transactions. To make the system more efficient, Beam plans to improve it as a network independent of Bitcoin to achieve a more effective regulatory environment. The Beam team is developing a new technology dedicated to validating applications running on the blockchain. (U.Today)
What is a cryptocurrency, what are its characteristics?
A cryptocurrency is a digital asset that records and verifies transactions using blockchain technology. It has characteristics like immutability, which ensures anonymity at all times. Since anyone can easily access, verify their accounts, and conduct operations, users do not need to fear or feel insecure about holding assets, and this mechanism also prevents fraudulent activities.
What is a cryptocurrency? Bitcoin is one of the most popular digital currencies in the world and the largest in terms of market value. Although its price does not differ much from other virtual currencies, its quantity is much larger compared to other tokens in the traditional financial market. Therefore, it receives increasing attention. Why does it have such enormous value? Because it can be seen as a new asset type rather than a traditional investment tool, it not only provides investors with more choices but also serves as a hedge against inflation. At the same time, it is a decentralized system operated by different participants, ensuring the stability of the entire system.
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