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      "amount": "4.500 STEEM",
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      "parent_permlink": "crypto",
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      "permlink": "meet-digitex-the-first-zero-fees-crypto-exchange",
      "title": "Meet \"DIGITEX\"; The First Zero-Fees Crypto Exchange",
      "body": "@@ -1142,16 +1142,17 @@\n s: ####%0A\n+%22\n There ar\n@@ -1571,16 +1571,17 @@\n xchange.\n+%22\n %0A%0A#### 2\n@@ -1619,23 +1619,17 @@\n s: ####%0A\n-Traders\n+%22\n  do not \n@@ -2041,16 +2041,17 @@\n o steal.\n+%22\n %0A%0A#### 3\n@@ -2082,16 +2082,17 @@\n e: ####%0A\n+%22\n Traders \n@@ -2201,16 +2201,17 @@\n nd when.\n+%22\n %0A%0AOther \n@@ -2283,24 +2283,25 @@\n rency: ####%0A\n+%22\n The Digitex \n@@ -2794,16 +2794,17 @@\n X token.\n+%22\n %0A%0A#### 5\n@@ -2840,16 +2840,17 @@\n t: ####%0A\n+%22\n When you\n@@ -3290,16 +3290,17 @@\n ditions.\n+%22\n %0A%0A#### 6\n@@ -3301,16 +3301,17 @@\n #### 6. \n+%22\n One Clic\n@@ -3752,16 +3752,17 @@\n nd down.\n+%22\n %0A%0A#### 7\n@@ -3798,16 +3798,17 @@\n l: ####%0A\n+%22\n The Digi\n@@ -4331,16 +4331,17 @@\n markets.\n+%22\n %0A%0AOthers\n@@ -9105,16 +9105,88 @@\n Jysw) %0A%0A\n+* %5BJoin Digitex Waitlist%5D(https://digitexfutures.com/get-early-access)%0A%0A\n ### Vide\n",
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      "title": "Meet \"DIGITEX\"; The First Zero-Fees Crypto Exchange",
      "body": "@@ -8467,16 +8467,90 @@\n kens. %0A%0A\n+## My Video Presentation ##%0A%3Ccenter%3Ehttps://youtu.be/7DgQDSfYtEs%3C/center%3E%0A\n %0A## More\n",
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      "permlink": "re-itsystems-meet-digitex-the-first-zero-fees-crypto-exchange-20180918t060457554z",
      "title": "",
      "body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📉 24h | 📉 7d\n- | - | - | - | -\n**BTC** | Bitcoin | 6292.241$ | _-3.14%_ | _-1.09%_\n**DGTX** | Digitex Futures | 0.030$ | _-7.66%_ | _-16.91%_\n**ETH** | Ethereum | 197.830$ | _-9.97%_ | _1.04%_\n**LTC** | Litecoin | 51.598$ | _-9.23%_ | _-5.1%_\n**MKR** | Maker | 382.614$ | _-6.93%_ | _13.52%_",
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      "title": "ContestBot",
      "body": "This post has been submitted for the [OriginalWorks Sponsored Writing Contest!](https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-digitex)\n You can also follow @contestbot to be notified of future contests!",
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{
  "trx_id": "aaae9ef188044b28d8bd6cbe21e142965735eb36",
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      "parent_permlink": "crypto",
      "author": "itsystems",
      "permlink": "meet-digitex-the-first-zero-fees-crypto-exchange",
      "title": "Meet \"DIGITEX\"; The First Zero-Fees Crypto Exchange",
      "body": "<center>![DigitexFuturesOG.png](https://cdn.steemitimages.com/DQmREqNNr2XynffprMAHVxTXzqLQasFMARJRj1u4bTtswDm/DigitexFuturesOG.png)</center><center>[Source](https://www.google.com/search?q=digitex+early+access&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjyluf3icLdAhUIIcAKHftfBmkQ_AUIDygC#imgrc=vDbqcpyQWPOTJM:)</center>\n\n<div class=\"text-justify\">\n\n## INTRODUCTION: ##\nWith the invent of blockchain and trading of assets based on the blockchain, exchanges have become major stakeholders of the crypto sector. Running exchanges is business paying owners commission-fees for every trade made by traders on a given exchange. \n\nThe negative effect of commission fees is that it does not favour low volume trades and high volume, short term traders whose trading strategies are not viable on other exchanges due to commissions. Finally, this problem is being addressed by Digitex Futures Exchange. \nBelow we will look at the features of this new exchange. In explaining the features, we will understand why they are a positive impact to the crypto sector. \n\n<hr>\n\n## FEATURES OF DIGITEX: Reasons For Digitex Uniqueness ##\n<hr>\n\n#### 1. Zero Trading Fees: ####\nThere are no transaction fees of any kind on the Digitex Futures Exchange. Traders can submit Maker orders or Taker orders at any time under any circumstances and pay 0% commissions on all trades forever. Digitex’s revolutionary token issuance model makes commission-free trading fully sustainable indefinitely, and it actually thrives as the exchange gets busier, ensuring the long term success of the Digitex Futures Exchange.\n\n#### 2. Decentralized Account Balances: ####\nTraders do not need to trust Digitex with holding their account balance in order to trade on the exchange. Your account balance is held by a decentralized, independent smart contract on the Ethereum blockchain, not by the exchange. Digitex cannot freeze/mismanage/lose your funds because we physically don’t have access to your money. And in the unlikely event that Digitex is hacked there are no funds for the hackers to steal.\n\n#### 3.Decentralized Governance: ####\nTraders on Digitex use Decentralized Governance by Blockchain to determine how many new DGTX tokens to issue and when.\n\nOther Features include the following;\n\n#### 4. Digitex Native Cryptocurrency: ####\nThe Digitex Futures Exchange has its own native cryptocurrency, called the DGTX token. The tick value of each Digitex futures market is 1 DGTX token, meaning that all trading profits and losses are denominated in DGTX tokens. Margin requirements are payable in DGTX tokens and traders account balances, deposits and withdrawals are denominated in DGTX tokens. Therefore, traders must own DGTX tokens to trade on Digitex’s commission-free, trustless futures markets, which creates demand for the DGTX token.\n\n#### 5. Highly Liquid Futures Market: ####\nWhen you remove the constraints of transaction fees you get highly liquid markets because traders engage in high volume, single tick trading strategies that are not viable on other exchanges due to commissions. Liquidity is further enhanced by the presence of automated market makers, funded with 20% of the total supply of DGTX tokens, that are programmed to break even whilst keeping spreads tight at all times, even in volatile market conditions.\n\n#### 6. One Click Trading Interface: ####\nDigitex futures markets are displayed on an intuitive ladder interface that allows traders to submit buy and sell orders instantly with a single click. With minimal mouse movement and without needing the keyboard, traders never need to take their eyes from the price action. Bids and offers move up and down a central price ladder that allows traders to visualize the market as the price literally moves up and down.\n\n#### 7. Token Issuance Revenue Model: ####\nThe Digitex Futures Exchange is revolutionizing futures trading by eliminating transaction fees on trades and instead generating revenue through token issuance of its native currency, the DGTX token. Because the DGTX tokens is in demand from traders, the exchange is able to create and sell a small number of new DGTX tokens each year to cover costs. The inflationary cost of a small increase in the DGTX supply is offset by demand from traders who must own it to participate in Digitex’s commission-free, trustless futures markets.\n\nOthers include:\n* Automated Market Makers\n* Off-Chain Negotiation & On-Chain Settlement\n* High Leverage Futures Trading\n* Bitcoin, Ethereum & Litecoin Futures\n* Blockchain Driven\n* Advanced Technology\n* No Auto Deleveraging\n* Complete Privacy\n\n<hr>\n\n## THE DIGITEX PROJECT TEAM ##\n<hr>\n\n<center>![team1.JPG](https://cdn.steemitimages.com/DQmZhaH2g9w4Efp1eE9e4eXZPLjTRPnzZHqKam3zivpHveq/team1.JPG)</center>\n<center>![team2.JPG](https://cdn.steemitimages.com/DQmZBfHzkJAzACUXhvNVVEqEh4uXSTa1zzJedzoN3kHkXrD/team2.JPG)</center>\n<center>![team 3.JPG](https://cdn.steemitimages.com/DQmWoDbfcqdc5vcMvikfF7bfVzNQBhgXCA7dqRwk2KtbJFZ/team%203.JPG)</center><center>[Source](https://digitexfutures.com/team/)</center>\n\n<hr>\n\n### Advisors ###\n<hr>\n\n<center>![advisors.JPG](https://cdn.steemitimages.com/DQmYatpXhzteo52odykfnrYVNLyhDvCBKZmy5DcXDAk7J5t/advisors.JPG)</center><center>[Source](https://digitexfutures.com/)</center>\n\n## Digitex Project Timeline ##\n<hr>\n\n<center>![timeline roadmap.JPG](https://cdn.steemitimages.com/DQmWzfq6t1fFzzjiigL4DHTHK6rmc8rBV6T6ELMtvMcPAy4/timeline%20roadmap.JPG)</center><center>[Source](https://digitexfutures.com/)</center>\n\n<hr>\n\n## Token Supply & Distribution Mathematics ##\n\n<hr>\n\n<center>![tokensupplyanddistribution.JPG](https://cdn.steemitimages.com/DQmbSBWfTZ9aKwJwFXDmxpLYSdhEhGwNEeB3u4NPkWuXUUt/tokensupplyanddistribution.JPG)</center><center>[Source](https://digitexfutures.com/)</center>\n<hr>\n\n<hr>\n\n## Track & Watch DGTX on ##\n<hr>\n\n[<center>![trachandwatch1.JPG](https://cdn.steemitimages.com/DQmevyJwn1PB4wedgdeyYVfhursPEvf5SbsH65S4MPyp617/trachandwatch1.JPG)</center>](https://coinmarketcap.com/currencies/digitex-futures/)\n\n[<center>![trachandwatch2.JPG](https://cdn.steemitimages.com/DQmWkKjdoXgGzuf3eiEtoYzMJDjxp5tbcLMgSNwTuBvKNjP/trachandwatch2.JPG)</center>](https://coinlib.io/coin/DGTX/Digitex+Futures)\n\n[<center>![trachandwatch3.JPG](https://cdn.steemitimages.com/DQmYS1qw6PDsmZ8i1Ej3evSAmiPWfpkqvjZ58F2x3NwnNER/trachandwatch3.JPG)</center>](https://blockfolio.com/)\n\n[<center>![trachandwatch4.JPG](https://cdn.steemitimages.com/DQmczW7dDucVDUstciRRC8SXxoTP6eToifBaerKpHqqQr7j/trachandwatch4.JPG)</center>](https://www.livecoinwatch.com/price/Digitex-DGTX)\n\n## SUMMARY ##\nThe Digitex Futures Exchange is a revolutionary new futures exchange model that mints its own native cryptocurrency to replace the need for transaction fees on trades. All the traders need do is to own DGTX Tokens to be able to participate in Trading on the exchange. \n\nAs cryptocurrency prices rise, percentage based transaction fees on other exchanges will also rise, further increasing the appeal of a commission-free futures exchange. But in the case of Digtex, increase in the value of DGTX Tokens will lead to minting of lower volumes of DGTX Tokens; thereby saving the Digitex economy from inflation.\n\nTraders on Digitex can participate in liquid, commission-free markets without needing to trust the exchange with custody of their funds, further differentiating the exchange from the traditional exchanges that require traders to relinquish full control of their account balances to a central third party that can potentially freeze/mismanage/lose those funds.\n\n\"Through Decentralized Governance by Blockchain (DGBB), new token issuance for the purpose of revenue generation is run democratically by DGTX token owners. Highly liquid, commission-free futures markets on a stable, fast and trustless\ntrading platform, during a period of exponential growth in cryptocurrency trading, will attract a large number of traders, creating huge demand for DGTX tokens.\"\n\nAs opposed to conventional commision crypto exchanges, the need, desire and demand for a zero commission exchange arises, encouraging larger participation in crypto exchanging attracting high volume, short term traders whose trading strategies are not viable on other exchanges due to commissions. Low volumes traders will also be attracted. These teeming population will increase the demand for DGTX Tokens.\n\nAs the price of DGTX tokens increases, then fewer tokens must be created, thereby reducing the inflationary cost of creating new tokens. \n\n\n## More Information Resources: ##\n* [Digitex Website](https://digitexfutures.com/get-early-access/)\n* [Digitex Whitepaper](https://www.digitexfutures.com/whitepaper/Digitex-Whitepaper.v.1.1.pdf)\n* [Digitex Blog](https://blog.digitexfutures.com/)\n* [Digitex Telegram](https://t.me/digitexfutureschat)\n* [Digitex Reddit](https://www.reddit.com/r/DigitexFutures/)\n* [Digitex Facebook](https://www.facebook.com/DigitexFutures/)\n* [Digitex Twitter](https://twitter.com/digitexfutures)\n* [Digitex Youtube](https://youtube.com/channel/UCjY3JG9agHi2ePDTm6sJysw) \n\n### Video of Digitex Futures Exchange Overview with CEO Adam Todd ###\n<center>https://www.youtube.com/watch?v=qxqyspMiPGg&feature=youtu.be</center><center>[Source](https://www.youtube.com/watch?v=qxqyspMiPGg&feature=youtu.be)</center>\n\n\nThe above is my submission for [@Originalworks](https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-digitex) Digitex 2018 contest .\n\nTweet: https://twitter.com/josephjoeit/status/1041677849705558016\n\ndigitextwitter\n\ndigitex2018\n\n\n</div>",
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      "memo": "There is 0.5 STEEM bounty by Digitex! Take a few seconds and earn 0.5 STEEM! You have received this message because you followed @bountyworks. Here is the bounty link: https://steemit.com/bounty/@bountyworks/digitex-0-5-steem-bounty"
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      "amount": "4.500 STEEM",
      "memo": "sami"
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      "memo": "My post was submitted early but was not featured. even the twitter bonus wasn't given https://steemit.com/blockchain/@itsystems/meet-beam-the-fastest-blockchain-with-privacy-and-scalability"
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      "parent_permlink": "blockchain",
      "author": "itsystems",
      "permlink": "meet-beam-the-fastest-blockchain-with-privacy-and-scalability",
      "title": "Meet \"Beam\"; The Fastest Blockchain with Privacy &  Scalability",
      "body": "@@ -13601,22 +13601,98 @@\n es%3C/h2%3E%0A\n+%0A\n %3Chr%3E%0A%0A\n+## My Video Presentation ##%0A%3Ccenter%3Ehttps://youtu.be/qS2ED4-B4KE%3C/center%3E%0A%0A\n %3Ch3%3ERoad\n",
      "json_metadata": "{\"tags\":[\"blockchain\",\"crypto\",\"technology\",\"news\",\"blog\"],\"links\":[\"http://beam-mw.com\",\"https://www.google.com.ng/search?hl=en&biw=1366&bih=608&tbm=isch&sa=1&ei=DK6UW8fQIeSfgAatyLTICg&q=user+privacy&oq=user+privacy&gs_l=img.3...28573.28573.0.28836.1.1.0.0.0.0.0.0..0.0....0...1c.1.64.img..1.0.0....0.uPwZwDGdzp4#imgdii=KBzWsD0h_Jg-FM:&imgrc=D7TscJWzlZri7M:\",\"https://www.google.com.ng/search?hl=en&biw=1366&bih=608&tbm=isch&sa=1&ei=VbCUW_7sAseLgAbvpqiAAQ&q=crypto+coins+png&oq=crypto+coins+png&gs_l=img.3..0.92325.93948.0.94527.4.3.0.1.1.0.270.749.2-3.3.0....0...1c.1.64.img..0.4.750...0i30k1j0i5i30k1j0i8i10i30k1j0i24k1j0i8i30k1.0.UzCk4Pd5kcA#imgrc=mliUwx3d8YzjyM:\",\"https://steemit.com/crypto/@originalworks/1125-steem-sponsored-writing-contest-beam\",\"https://youtu.be/qS2ED4-B4KE\",\"https://beam-mw.com.\",\"https://www.beam-mw.com/\",\"https://docs.wixstatic.com/ugd/87affd_3b032677d12b43ceb53fa38d5948cb08.pdf\",\"https://scalingbitcoin.org/papers/mimblewimble.txt\",\"https://www.youtube.com/channel/UCddqBnfSPWibf4f8OnEJm_w?\",\"https://t.me/BeamPrivacy\",\"https://www.facebook.com/Beamprivacy/\",\"https://github.com/beam-mw/beam\",\"https://bitcointalk.org/index.php?topic=4969510\",\"https://medium.com/beam-mw\",\"https://twitter.com/beamprivacy\",\"https://www.beam-mw.com/ambassadors\",\"https://twitter.com/josephjoeit/status/1038390812516802561\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"image\":[\"https://cdn.steemitimages.com/DQmXwBknUfsDsN6uqowcyV5TsvmMbWFcX8zJyrVDRUGbhGj/beam%20image.JPG\",\"https://cdn.steemitimages.com/DQmaXLXveUeXA2FBTeTA5BVJPKK6UqLV9y1o3MQz7kH5Dqs/banner.jpg\",\"https://cdn.steemitimages.com/DQmQBqsfthKvB1FUKcCy7UCrskGhQoAjWTGcfBvJSMuKqDq/coins.png\",\"https://cdn.steemitimages.com/DQmcTRPuAipm8h9vQ6BCoDChFyuAsUR9AQyCGkPuc7Vo4CT/under%20the%20hood.png\",\"https://cdn.steemitimages.com/DQmfLvui4QvSZJ3CHETL16icwqiMDL9kgSfq4oMCZowRgs9/comparison.JPG\",\"https://img.youtube.com/vi/qS2ED4-B4KE/0.jpg\",\"https://cdn.steemitimages.com/DQmTcBNx6xBEQWuaiDXWMqfCfYX8P43kUfy4oa5yrAgAJd9/road%20map.JPG\",\"https://cdn.steemitimages.com/DQmZwBLZLfBQLBtLMzsi5o8sUQpnW4w1t6PvpP2fnyxQhB9/leadership.JPG\",\"https://cdn.steemitimages.com/DQmVCmxiuBtJZiHt7JRx6rvGuY4QwK4DBJWUF2eHoNA7Doz/engineering.JPG\",\"https://cdn.steemitimages.com/DQmQGmQhHhtqt7oFagMkaE551Jv5xfmAX52vX6jdgsF3zwh/advisors.JPG\",\"https://cdn.steemitimages.com/DQmXJfDJcQWeNbJhNgGv9HGmC1s6beaD5tWh7pfUkRZ6yKZ/investors.JPG\"],\"users\":[\"originalworks\"]}"
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{
  "trx_id": "b844291bb4ec748d7903249f2e8db64cd8d574af",
  "block": 25815403,
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    {
      "parent_author": "",
      "parent_permlink": "blockchain",
      "author": "itsystems",
      "permlink": "meet-beam-the-fastest-blockchain-with-privacy-and-scalability",
      "title": "Meet \"Beam\"; The Fastest Blockchain with Privacy &  Scalability",
      "body": "<center>![beam image.JPG](https://cdn.steemitimages.com/DQmXwBknUfsDsN6uqowcyV5TsvmMbWFcX8zJyrVDRUGbhGj/beam%20image.JPG)</center><center>[Source](http://beam-mw.com)</center>\n\n## Introduction ##\n\n<hr>\n\nWith the invent of blockchain technology, and with more tokens, altcoins, users, exchanges, investors, and startups involved now than ever, scalability and privacy are becoming very serious issues. Users and investors want their information to remain private without being shared with an unsolicited party. With transaction data piling up, the current blockchain system is beginning to lag behind under its own weight. But if cryptocurrency is to be fully adopted globally as a meduim of exchange and perhaps exceed fiat currency in use, it must be prepared for the billions of transactions it must support, accommodate and securely process.\n\n<div class=\"pull-right\">\n<img src=\"https://cdn.steemitimages.com/DQmaXLXveUeXA2FBTeTA5BVJPKK6UqLV9y1o3MQz7kH5Dqs/banner.jpg\"><center><a href=\"https://www.google.com.ng/search?hl=en&biw=1366&bih=608&tbm=isch&sa=1&ei=DK6UW8fQIeSfgAatyLTICg&q=user+privacy&oq=user+privacy&gs_l=img.3...28573.28573.0.28836.1.1.0.0.0.0.0.0..0.0....0...1c.1.64.img..1.0.0....0.uPwZwDGdzp4#imgdii=KBzWsD0h_Jg-FM:&imgrc=D7TscJWzlZri7M:\">Source</a></center></div><div class=\"pull-right\">\n\nUp until now, there has not been a perfect solution to the limitations of bitcoin. <a href=\"http://beam-mw.com\">Beam</a> Project is bringing scalability and anonymity for transactions. As we proceed, we will consider the problems of current cryptocurrencies, and various solutions which <a href=\"http://beam-mw.com\">Beam</a> blockchain is bringing to make crypto transactions overcome their present limitations.\nBlockchain has many areas where it is being tested. Few areas include Computing, Data storage, Medicine, Digital Payment Processing, Automotive Markets, etc. This increasing sectors makes it necessary for the technology to meetup with increasing demands.\nBitcoin is a ground breaking concept but has a major shortcoming with respect to private transferring of assets in a peer to peer fashion, and speed of transaction processing.\nBeam is the solution to bitcoin's and altcoins' limitation, offering true anonymity as well scalable(faster) peer-to-peer transactions.\n<hr>\n\n## About The Beam Project ##\n<hr>\n\n[Beam](http://beam-mw.com) is a true anonymous and scalable store-of-value coin while maintaining the benefits of an immutable and incorruptible blockchain system such as Bitcoin. Features of Beam include:\n\n1. User Privacy by default: The user has absolute control over transaction data available, allowing the option of transparency as well as privacy\n\n1. Mimblewimble Technology: [Beam](http://beam-mw.com) has smaller blocks than any other blockchain, giving it maximum scalability. It’s a faster and more efficient network.\n\n<hr>\n\n## Current Problems/Limitations With Crypto coins ##\n<hr>\n\n<center>![coins.png](https://cdn.steemitimages.com/DQmQBqsfthKvB1FUKcCy7UCrskGhQoAjWTGcfBvJSMuKqDq/coins.png)</center><center>[Source](https://www.google.com.ng/search?hl=en&biw=1366&bih=608&tbm=isch&sa=1&ei=VbCUW_7sAseLgAbvpqiAAQ&q=crypto+coins+png&oq=crypto+coins+png&gs_l=img.3..0.92325.93948.0.94527.4.3.0.1.1.0.270.749.2-3.3.0....0...1c.1.64.img..0.4.750...0i30k1j0i5i30k1j0i8i10i30k1j0i24k1j0i8i30k1.0.UzCk4Pd5kcA#imgrc=mliUwx3d8YzjyM:)</center>\n\nSome major limitations with current crypto coins today include;\n\n (a) Lack of Privacy of User Information:\nInformation such as user address and amount of coins transferred ought to be kept private. Users would prefer them private. Though bitcoins claims to protect users information, it is still possible to access them. So bitcoin is not truly private. Research shows that leaks can happen through OTC deals, exchanges, collecting and clustering the blockchain data. It is then possible to deanonymize users, and since all data, including transaction amounts, is open and permanently stored in a public ledger, once users identity is known, all their transactions past and future as well as their balance, become directly linked to them as a person.\n\n(b) Slower Transaction Rate (Low Scalability):\nBitcoin requires processing of every transaction in a block. Having to go through an entire history of transactions will definitely make bitcoin transactions slower.\n\n(c) Higher Transaction Fees :\nAs miners will always go for the higher transaction fees, it makes the transaction fees for bitcoin higher, especially when the network is heavily loaded. Beam has overcome this prevailing problem. Any currency with high transaction fees will not be the first choice of users. So, this problem mostly affects the currency users who are the major stakeholders.\n\n(d) Sustenance of Value:\nBitcoin is not backed with any asset. However, Beam is backed with Treasury. This will try to ensure the value is sustained and fight the negative effects of volatility.\n\n<hr>\n\n## The Solution ##\n<hr>\n\n#### Introducing MimbleWimble Technology: The Core Technology For Beam Solution ##\nIn August 2016, an anonymous author published a new protocol, suggesting an elegant approach to the topic of efficient confidential blockchain. The approach was called MimbleWimble. The approach builds upon two concepts originally proposed by Greg Maxwell, namely **Confidential Transactions** and **Transaction Cut - Through**.\n\n###### 1. Confidential Transaction: ####### \n\nConfidential transactions are implemented by using cryptographic commitment scheme which has two basic properties namely *hiding and binding*. It is similar to giving someone a closed safe box with some message(s) inside that only you know the combination for. In due time, you can reveal the key and the person can make sure that your commitment is valid (binding) while he can not know what it was before the key is received (hiding).\n\nMimbleWimble concept utilizes a well known commitment scheme called *Pedersen Commitment* that achieves this using Elliptic Curve Cryptography with the formular\n\n<center>C = r * G + v*H</center>\n\n*Where r is a blinding factor, a secret key hiding the real value v and G & H are generator point on a specific elliptic curve*\n\n#### 2. Transaction Cut-Through: ####\nA large list of transactions  in a block can be thought as one transaction to be cut-through. In application, this concept creates a system that only needs the current state of transactions instead of the entire history of all transactions as they occurred, as opposed to bitcoin that require the entire history of all transactions. \n\n\"With this system, unspent transactions outputs (a transaction received by a user which has persisted in the blockchain) can be proved to belong to the receiving user via the value of the message and the value of the blinding factor. After creating the transaction, only the commitment is recorded on the blockchain; not the addresses of the users or the amounts exchanged.\"\n\n<center>![under the hood.png](https://cdn.steemitimages.com/DQmcTRPuAipm8h9vQ6BCoDChFyuAsUR9AQyCGkPuc7Vo4CT/under%20the%20hood.png)</center><center>[Source](https://steemit.com/crypto/@originalworks/1125-steem-sponsored-writing-contest-beam)</center>\n\n<hr>\n\n## FEATURES OF BEAM ##\n<hr>\n\n##### 1. Confidentiality: #####\nAll transactions are private. Transaction participants information are not stored in the blockchain.\n\n##### 2. Versatility: #####\n“Scriptless Script” technology allows implementation of a wide variety of transaction types beyond simple transmissions of value; for instance, as in atomic swapping, escrow, and time-locked transactions.\n\n##### 3. Scalability: #####\nThe “cut-through” feature of Mimblewimble helps to avoid excessive computational overhead. This makes magnitude of [Beam](http://beam-mw.com) blockchain orders smaller than any other blockchain implementation at present.\n\n##### 4. Sustainability: #####\n[Beam](http://beam-mw.com) is open source, implemented from scratch by c++ developers, community-governed, and backed by the Beam Growth Pool in which 20% of block mining rewards goes to this pool to provide incentives for development and promotion of [Beam](http://beam-mw.com).\n\n##### 5. Usability: #####\n[Beam](http://beam-mw.com) project provides a wallet for desktop and mobile devices, designed to support day-to-day usage for both individual and small business users. The implementation of [Beam](http://beam-mw.com) solutions is also cost-friendly.\n\n##### 6. Compatibility: #####\nA proven Equihash algorithm was implemented for [Beam](http://beam-mw.com) to ensure broad adoption by existing GPU miners. [Beam](http://beam-mw.com) comes with an extensive set of tools for running and managing mining nodes.\n\n<hr>\n\n## BEAM Comparison with Other Coins Promising User Privacy ##\n<hr>\n\n<center>![comparison.JPG](https://cdn.steemitimages.com/DQmfLvui4QvSZJ3CHETL16icwqiMDL9kgSfq4oMCZowRgs9/comparison.JPG)</center><center>[Source](http://beam-mw.com)</center>\n\n<hr>\n\n## Advantages of Beam Coin in Summary ##\n<hr>\n\nThings that make [Beam](http://beam-mw.com) special include:\n\n* Users have complete control over their privacy - user decides which of their information will be available and to whom, having complete control over his personal data in accordance to his will and applicable laws.\n* Confidentiality without penalty - with [Beam](http://beam-mw.com) confidential transactions do not cause bloating of the blockchain, avoiding excessive computational overhead or penalty on performance or scalability while completely concealing the transaction values.\n* No trusted setup is required\n* Blocks are mined using Equihash Proof-of-Work algorithm. This is loved by GPU miners.\n* Limited emission using periodic halving with total amount of coins supply of 210 million\n* No addresses is stored in the blockchain - no information whatsoever about the either sender or a receiver of a transaction is stored in the blockchain.\n* Superior scalability through compact blockchain size - using cut-through feature of MimbleWimble. [Beam](http://beam-mw.com) blockchain supports orders of magnitude smaller than any other blockchain implementation.\n* [Beam](http://beam-mw.com) supports many transaction types such as escrow transactions, time locked transactions, atomic swaps and more.\n* No premine. No ICO. Backed by a treasury, emitted from every block during the first five years.\n* Implemented from scratch in C++ by a team of professional developers\n\n<hr>\n\n## Beam Coin Specifications & Information ##\n<hr>\n\n* Total Supply - 210 Million\n* No Premine\n* No ICO (Initial Coin Offering)\n* Backed By A Treasury\n* Emitted From Every Block During The First Five Years\n* Blocks are mined using Equihash Proof-of-Work Algorithm\n* Developed From Scratch with C++ By A Team of Developers\n\n<hr>\n\n## Beam Use-Cases ##\n<hr>\n\nCase 1 \n\nSmith is the Manager of Borg Financial Services AG;  an investment firm that helps their clients with investments. They have been around cryptocurrencies. Some of their clients would prefer investing in promising coins (but with Anonymity, i.e. privacy of information). Previously, most Altcoins don't offer this privacy advantage.\n\nSmith learns about [Beam](http://beam-mw.com). Now, those clients with Privacy Preference can invest in a promising crypto currency and still enjoy safety.\n\nCase 2\n\nMcPence Legal & Finance Company is a legal, real estate and financial services company. They decide to pay salaries and commissions of their marketers and employees with cryptocurrency for security reasons. They have been using Bitcoin but have not achieved the privacy of information they desire. Now, they learn of [Beam](http://beam-mw.com) Coins, which is built to provide the user with choice of privacy of data. They switch to using [Beam](http://beam-mw.com) Coins to pay the commissions and salaries of their staff and marketing officers. No matter how much is involved, they remain private.\n\n<hr>\n\n## Application Areas ##\n<hr>\n\n#### 1. Escrow Services: ####\n[Beam](http://beam-mw.com) will support escrow services without hassles. Deposits will reflect in much less time. \n#### 2. e-Commerce: ####\nOnline purchase of downloadable products would need faster transaction processing. [Beam](http://beam-mw.com) will support e-commerce payments as transactions are faster.\n#### 3. Time locked transactions: #####\nTimelock is a smart contract that restricts the spending of some cryptocurrency until a specified future time. [Beam](http://beam-mw.com) supports implementation of Timelock.\n#### 4. Atomic Cross-Chain Trading (Atomic swaps ): ####\n[Beam](http://beam-mw.com) can be used to facilitate conversion between cryptocurrencies without a centralized third-party system.\n#### 5. Real-Time Mobile Payments Processing: #### \nSince [Beam](http://beam-mw.com) supports faster transactions, Real Time Mobile payments Services can implement [Beam](http://beam-mw.com) as a major payment currency.\n\n<hr>\n\n## Conclusion ##\n<hr>\n\nIn order to encourage greater participation in cyptocurrency, it is necessary to have faster transaction rates and choice of privacy of transactions and users data. If cryptocurrency must be a widely accepted and lasting future money, the previous limitations must be overcome.  Cryptocurrency must have scalability and privacy that surpasses or equals the systems of fiat currencies, without compromising on security. \n\n[Beam](http://beam-mw.com) has brought a solution which bitcoin had not brought yet. Transactions will now be much faster than ever before. Most users would love to store their assets in cryptocurrencies as [Beam](http://beam-mw.com) Coins.\n\n<hr>\n\n<h2>Annexes</h2>\n<hr>\n\n<h3>Roadmap</h3>\n\n<center>![road map.JPG](https://cdn.steemitimages.com/DQmTcBNx6xBEQWuaiDXWMqfCfYX8P43kUfy4oa5yrAgAJd9/road%20map.JPG)</center>\n<center>[Source](http://beam-mw.com)</center>\n\n<h3>Team</h3>\n\n<center>![leadership.JPG](https://cdn.steemitimages.com/DQmZwBLZLfBQLBtLMzsi5o8sUQpnW4w1t6PvpP2fnyxQhB9/leadership.JPG)</center>\n<center>![engineering.JPG](https://cdn.steemitimages.com/DQmVCmxiuBtJZiHt7JRx6rvGuY4QwK4DBJWUF2eHoNA7Doz/engineering.JPG)-</center><center>[Sources](https://beam-mw.com.)</center>\n\n\n### Advisors ###\n\n<center>![advisors.JPG](https://cdn.steemitimages.com/DQmQGmQhHhtqt7oFagMkaE551Jv5xfmAX52vX6jdgsF3zwh/advisors.JPG)</center>\n<center>[Source](http://beam-mw.com)</center>\n\n### Investors ###\n\n<center>![investors.JPG](https://cdn.steemitimages.com/DQmXJfDJcQWeNbJhNgGv9HGmC1s6beaD5tWh7pfUkRZ6yKZ/investors.JPG)</center>\n<center>[Source](http://beam-mw.com)</center>\n\n<h1>More Information &amp; Resources:</h1>\n<ul>\n  <li><a href=\"https://www.beam-mw.com/\">Beam Website</a></li>\n  <li><a href=\"https://docs.wixstatic.com/ugd/87affd_3b032677d12b43ceb53fa38d5948cb08.pdf\">Beam Position Paper</a></li>\n  <li><a href=\"https://scalingbitcoin.org/papers/mimblewimble.txt\">Mimblewimble Paper</a></li>\n  <li>&nbsp;<a href=\"https://www.youtube.com/channel/UCddqBnfSPWibf4f8OnEJm_w?\">Beam YouTube</a></li>\n  <li><a href=\"https://t.me/BeamPrivacy\">Beam Telegram</a></li>\n  <li><a href=\"https://www.facebook.com/Beamprivacy/\">Beam Facebook</a></li>\n  <li><a href=\"https://github.com/beam-mw/beam\">Beam Github</a></li>\n  <li><a href=\"https://bitcointalk.org/index.php?topic=4969510\">Beam Bitcointalk</a></li>\n  <li><a href=\"https://medium.com/beam-mw\">Beam Medium</a></li>\n  <li><a href=\"https://twitter.com/beamprivacy\">Beam Twitter</a></li>\n</ul> \n\n<p>To Participate in the Beam contest, click <a href=\"https://steemit.com/crypto/@originalworks/1125-steem-sponsored-writing-contest-beam\">Here</a></p>\n<p>To Become a Beam Ambassador, <a href=\"https://www.beam-mw.com/ambassadors\">Register Here</a></p>\n<h3>My Twitter Link</h3>\n<p>https://twitter.com/josephjoeit/status/1038390812516802561</p>\n<p>beamtwitter</p>\n<p>beam2018</p>\nThis is my submission for the beam2018 contest hosted by @originalworks",
      "json_metadata": "{\"tags\":[\"blockchain\",\"crypto\",\"technology\",\"news\",\"blog\"],\"links\":[\"http://beam-mw.com\",\"https://www.google.com.ng/search?hl=en&biw=1366&bih=608&tbm=isch&sa=1&ei=DK6UW8fQIeSfgAatyLTICg&q=user+privacy&oq=user+privacy&gs_l=img.3...28573.28573.0.28836.1.1.0.0.0.0.0.0..0.0....0...1c.1.64.img..1.0.0....0.uPwZwDGdzp4#imgdii=KBzWsD0h_Jg-FM:&imgrc=D7TscJWzlZri7M:\",\"https://www.google.com.ng/search?hl=en&biw=1366&bih=608&tbm=isch&sa=1&ei=VbCUW_7sAseLgAbvpqiAAQ&q=crypto+coins+png&oq=crypto+coins+png&gs_l=img.3..0.92325.93948.0.94527.4.3.0.1.1.0.270.749.2-3.3.0....0...1c.1.64.img..0.4.750...0i30k1j0i5i30k1j0i8i10i30k1j0i24k1j0i8i30k1.0.UzCk4Pd5kcA#imgrc=mliUwx3d8YzjyM:\",\"https://steemit.com/crypto/@originalworks/1125-steem-sponsored-writing-contest-beam\",\"https://beam-mw.com.\",\"https://www.beam-mw.com/\",\"https://docs.wixstatic.com/ugd/87affd_3b032677d12b43ceb53fa38d5948cb08.pdf\",\"https://scalingbitcoin.org/papers/mimblewimble.txt\",\"https://www.youtube.com/channel/UCddqBnfSPWibf4f8OnEJm_w?\",\"https://t.me/BeamPrivacy\",\"https://www.facebook.com/Beamprivacy/\",\"https://github.com/beam-mw/beam\",\"https://bitcointalk.org/index.php?topic=4969510\",\"https://medium.com/beam-mw\",\"https://twitter.com/beamprivacy\",\"https://www.beam-mw.com/ambassadors\",\"https://twitter.com/josephjoeit/status/1038390812516802561\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"image\":[\"https://cdn.steemitimages.com/DQmXwBknUfsDsN6uqowcyV5TsvmMbWFcX8zJyrVDRUGbhGj/beam%20image.JPG\",\"https://cdn.steemitimages.com/DQmaXLXveUeXA2FBTeTA5BVJPKK6UqLV9y1o3MQz7kH5Dqs/banner.jpg\",\"https://cdn.steemitimages.com/DQmQBqsfthKvB1FUKcCy7UCrskGhQoAjWTGcfBvJSMuKqDq/coins.png\",\"https://cdn.steemitimages.com/DQmcTRPuAipm8h9vQ6BCoDChFyuAsUR9AQyCGkPuc7Vo4CT/under%20the%20hood.png\",\"https://cdn.steemitimages.com/DQmfLvui4QvSZJ3CHETL16icwqiMDL9kgSfq4oMCZowRgs9/comparison.JPG\",\"https://cdn.steemitimages.com/DQmTcBNx6xBEQWuaiDXWMqfCfYX8P43kUfy4oa5yrAgAJd9/road%20map.JPG\",\"https://cdn.steemitimages.com/DQmZwBLZLfBQLBtLMzsi5o8sUQpnW4w1t6PvpP2fnyxQhB9/leadership.JPG\",\"https://cdn.steemitimages.com/DQmVCmxiuBtJZiHt7JRx6rvGuY4QwK4DBJWUF2eHoNA7Doz/engineering.JPG\",\"https://cdn.steemitimages.com/DQmQGmQhHhtqt7oFagMkaE551Jv5xfmAX52vX6jdgsF3zwh/advisors.JPG\",\"https://cdn.steemitimages.com/DQmXJfDJcQWeNbJhNgGv9HGmC1s6beaD5tWh7pfUkRZ6yKZ/investors.JPG\"],\"users\":[\"originalworks\"]}"
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      "parent_permlink": "blockchain",
      "author": "itsystems",
      "permlink": "meet-beam-the-fastest-blockchain-with-privacy-and-scalability",
      "title": "Meet \"Beam\"; The Fastest Blockchain with Privacy &  Scalability",
      "body": "@@ -173,60 +173,35 @@\n er%3E%0A\n-%3Ch2%3E%3Cstrong%3EIntroduction%3C/strong%3E%3C/h2%3E%0A%3Chr%3E%0A%3Cp%3E%3C/p%3E \n+%0A## Introduction ##%0A%0A%3Chr%3E%0A%0A\n With\n@@ -838,19 +838,17 @@\n rocess.%0A\n-%3Cp%3E\n+%0A\n %3Cdiv cla\n@@ -965,16 +965,24 @@\n r.jpg%22%3E%3C\n+center%3E%3C\n a href=%22\n@@ -1263,16 +1263,25 @@\n ce%3C/a%3E%3C/\n+center%3E%3C/\n div%3E%3Cdiv\n@@ -1306,12 +1306,8 @@\n %22%3E%0A%0A\n-%3Cp%3E \n Up u\n@@ -1319,18 +1319,18 @@\n now, the\n-i\n r\n+e\n  has not\n@@ -1385,20 +1385,53 @@\n itcoin. \n-Beam\n+%3Ca href=%22http://beam-mw.com%22%3EBeam%3C/a%3E\n  Project\n@@ -1589,20 +1589,54 @@\n s which \n-Beam\n+%3Ca href=%22http://beam-mw.com%22%3EBeam%3C/a%3E \n blockcha\n@@ -2908,24 +2908,477 @@\n  coins ##%0A%3Ch\n-\n \n+r%3E%0A%0A%3Ccenter%3E!%5Bcoins.png%5D(https://cdn.steemitimages.com/DQmQBqsfthKvB1FUKcCy7UCrskGhQoAjWTGcfBvJSMuKqDq/coins.png)%3C/center%3E%3Ccenter%3E%5BSource%5D(https://www.google.com.ng/search?hl=en&biw=1366&bih=608&tbm=isch&sa=1&ei=VbCUW_7sAseLgAbvpqiAAQ&q=crypto+coins+png&oq=crypto+coins+png&gs_l=img.3..0.92325.93948.0.94527.4.3.0.1.1.0.270.749.2-3.3.0....0...1c.1.64.img..0.4.750...0i30k1j0i5i30k1j0i8i10i30k1j0i24k1j0i8i30k1.0.UzCk4Pd5kcA#imgrc=mliUwx3d8YzjyM:)%3C/cente\n r%3E%0A%0ASome maj\n",
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      "parent_permlink": "blockchain",
      "author": "itsystems",
      "permlink": "meet-beam-the-fastest-blockchain-with-privacy-and-scalability",
      "title": "Meet \"Beam\"; The Fastest Blockchain with Privacy &  Scalability",
      "body": "@@ -213,22 +213,20 @@\n 2%3E%0A%3C\n-p%3E%3Cbr%3E%3C/p%3E%0A%3C\n+hr%3E%0A%3Cp%3E%3C/\n p%3E\n+ \n With\n@@ -398,16 +398,21 @@\n ecoming \n+very \n serious \n@@ -863,17 +863,469 @@\n rocess.%0A\n-%0A\n+%3Cp%3E%3Cdiv class=%22pull-right%22%3E%0A%3Cimg src=%22https://cdn.steemitimages.com/DQmaXLXveUeXA2FBTeTA5BVJPKK6UqLV9y1o3MQz7kH5Dqs/banner.jpg%22%3E%3Ca href=%22https://www.google.com.ng/search?hl=en&biw=1366&bih=608&tbm=isch&sa=1&ei=DK6UW8fQIeSfgAatyLTICg&q=user+privacy&oq=user+privacy&gs_l=img.3...28573.28573.0.28836.1.1.0.0.0.0.0.0..0.0....0...1c.1.64.img..1.0.0....0.uPwZwDGdzp4#imgdii=KBzWsD0h_Jg-FM:&imgrc=D7TscJWzlZri7M:%22%3ESource%3C/a%3E%3C/div%3E%3Cdiv class=%22pull-right%22%3E%0A%0A%3Cp%3E \n Up until\n@@ -1403,34 +1403,12 @@\n in. \n-%5B\n Beam\n-%5D(http://beam-mw.com)\n  Pro\n@@ -1574,35 +1574,12 @@\n ich \n-%5B\n Beam\n-%5D(http://beam-mw.com) \n bloc\n@@ -1661,17 +1661,16 @@\n ations.%0A\n-%0A\n Blockcha\n@@ -1784,17 +1784,16 @@\n yment Pr\n-i\n ocessing\n@@ -1915,18 +1915,16 @@\n demands.\n- %0A\n %0ABitcoin\n@@ -2092,17 +2092,16 @@\n essing.%0A\n-%0A\n Beam is \n@@ -2223,24 +2223,29 @@\n ransactions.\n+%0A%3Chr%3E\n %0A%0A## About T\n@@ -2262,16 +2262,21 @@\n oject ##\n+%0A%3Chr%3E\n %0A%0A%5BBeam%5D\n@@ -2798,16 +2798,22 @@\n twork.%0A%0A\n+%3Chr%3E%0A%0A\n ## Curre\n@@ -2857,16 +2857,22 @@\n oins ##%0A\n+%3Chr%3E%0A%0A\n Some maj\n@@ -2927,22 +2927,17 @@\n nclude;%0A\n-######\n+%0A\n  (a) Lac\n@@ -2969,23 +2969,16 @@\n rmation:\n- ######\n %0AInforma\n@@ -3615,23 +3615,16 @@\n erson.%0A%0A\n-###### \n (b) Slow\n@@ -3661,23 +3661,16 @@\n bility):\n- ######\n %0ABitcoin\n@@ -3829,23 +3829,16 @@\n lower.%0A%0A\n-###### \n (c) High\n@@ -3858,23 +3858,16 @@\n n Fees :\n- ######\n %0AAs mine\n@@ -4220,23 +4220,16 @@\n lders.%0A%0A\n-###### \n (d) Sust\n@@ -4244,23 +4244,16 @@\n f Value:\n- ######\n %0ABitcoin\n@@ -4416,16 +4416,22 @@\n ility.%0A%0A\n+%3Chr%3E%0A%0A\n ## The S\n@@ -4440,16 +4440,21 @@\n ution ##\n+%0A%3Chr%3E\n %0A%0A#### I\n@@ -6670,16 +6670,22 @@\n enter%3E%0A%0A\n+%3Chr%3E%0A%0A\n ## FEATU\n@@ -6698,16 +6698,21 @@\n  BEAM ##\n+%0A%3Chr%3E\n %0A%0A##### \n@@ -8170,16 +8170,21 @@\n nodes.%0A%0A\n+%3Chr%3E%0A\n %0A## BEAM\n@@ -8237,16 +8237,21 @@\n ivacy ##\n+%0A%3Chr%3E\n %0A%0A%3Ccente\n@@ -8415,24 +8415,30 @@\n )%3C/center%3E%0A%0A\n+%3Chr%3E%0A%0A\n ## Advantage\n@@ -8466,16 +8466,22 @@\n mary ##%0A\n+%3Chr%3E%0A%0A\n Things t\n@@ -9911,16 +9911,21 @@\n lopers%0A%0A\n+%3Chr%3E%0A\n %0A## Beam\n@@ -9961,16 +9961,21 @@\n ation ##\n+%0A%3Chr%3E\n %0A%0A* Tota\n@@ -10238,16 +10238,22 @@\n lopers%0A%0A\n+%3Chr%3E%0A%0A\n ## Beam \n@@ -10264,16 +10264,21 @@\n Cases ##\n+%0A%3Chr%3E\n %0A%0ACase 1\n@@ -11379,16 +11379,22 @@\n ivate.%0A%0A\n+%3Chr%3E%0A%0A\n ## Appli\n@@ -11408,16 +11408,21 @@\n Areas ##\n+%0A%3Chr%3E\n %0A%0A#### 1\n@@ -12380,16 +12380,22 @@\n rency.%0A%0A\n+%3Chr%3E%0A%0A\n ## Concl\n@@ -12402,16 +12402,21 @@\n usion ##\n+%0A%3Chr%3E\n %0A%0AIn ord\n@@ -13072,16 +13072,22 @@\n Coins.%0A%0A\n+%3Chr%3E%0A%0A\n %3Ch2%3EAnne\n@@ -13095,16 +13095,20 @@\n es%3C/h2%3E%0A\n+%3Chr%3E\n %0A%0A%3Ch3%3ERo\n",
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      "title": "Meet \"Beam\"; The Fastest Blockchain with Privacy &  Scalability",
      "body": "@@ -522,14 +522,13 @@\n ted \n-member\n+party\n . Wi\n@@ -694,21 +694,36 @@\n ally as \n-money\n+a meduim of exchange\n  and per\n@@ -863,22 +863,10 @@\n ess.\n- %3C/p%3E%0A%3Cp%3E\n+%0A%0A\n Up u\n@@ -944,20 +944,42 @@\n itcoin. \n+%5B\n Beam\n+%5D(http://beam-mw.com)\n  Project\n@@ -1071,16 +1071,58 @@\n der the \n+problems of current cryptocurrencies, and \n various \n@@ -1137,20 +1137,42 @@\n s which \n+%5B\n Beam\n+%5D(http://beam-mw.com)\n  blockch\n@@ -1254,19 +1254,10 @@\n ons.\n- %3C/p%3E \n+%0A%0A\n Bloc\n@@ -1854,20 +1854,42 @@\n ect ##%0A%0A\n+%5B\n Beam\n+%5D(http://beam-mw.com)\n  is a tr\n@@ -2236,20 +2236,42 @@\n nology: \n+%5B\n Beam\n+%5D(http://beam-mw.com)\n  has sma\n@@ -4522,17 +4522,16 @@\n ##### %0A%0A\n-%22\n Confiden\n@@ -4635,17 +4635,23 @@\n operties\n-:\n+ namely\n  *hiding\n@@ -4732,16 +4732,19 @@\n  message\n+(s)\n  inside \n@@ -4787,23 +4787,20 @@\n or. \n-When time comes\n+In due time,\n  you\n@@ -4958,17 +4958,16 @@\n hiding).\n-%22\n %0A%0AMimble\n@@ -6821,20 +6821,42 @@\n tude of \n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  blockch\n@@ -6959,20 +6959,42 @@\n : #####%0A\n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  is open\n@@ -7211,20 +7211,42 @@\n tion of \n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n .%0A%0A#####\n@@ -7266,20 +7266,42 @@\n : #####%0A\n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  project\n@@ -7456,20 +7456,42 @@\n tion of \n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  solutio\n@@ -7595,20 +7595,42 @@\n ted for \n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  to ensu\n@@ -7671,20 +7671,42 @@\n miners. \n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  comes w\n@@ -8072,20 +8072,42 @@\n at make \n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  special\n@@ -8374,20 +8374,42 @@\n  - with \n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  confide\n@@ -9068,20 +9068,42 @@\n Wimble. \n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  blockch\n@@ -9187,20 +9187,42 @@\n tion.%0A* \n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  support\n@@ -10194,20 +10194,42 @@\n s about \n+%5B\n Beam\n+%5D(http://beam-mw.com)\n . Now, t\n@@ -10653,28 +10653,50 @@\n ey learn of \n+%5B\n Beam\n+%5D(http://beam-mw.com)\n  Coins, whic\n@@ -10779,20 +10779,42 @@\n o using \n+%5B\n Beam\n+%5D(http://beam-mw.com)\n  Coins t\n@@ -10996,20 +10996,42 @@\n s: ####%0A\n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  will su\n@@ -11219,20 +11219,42 @@\n essing. \n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  will su\n@@ -11458,20 +11458,42 @@\n e time. \n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  support\n@@ -11579,20 +11579,42 @@\n ): ####%0A\n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  can be \n@@ -11768,20 +11768,42 @@\n  %0ASince \n-BEAM\n+%5BBeam%5D(http://beam-mw.com)\n  support\n@@ -11874,20 +11874,42 @@\n plement \n+%5B\n Beam\n+%5D(http://beam-mw.com)\n  as a ma\n@@ -12370,20 +12370,42 @@\n rity. %0A%0A\n+%5B\n Beam\n+%5D(http://beam-mw.com)\n  has bro\n@@ -12577,20 +12577,42 @@\n cies as \n+%5B\n Beam\n+%5D(http://beam-mw.com)\n  Coins.%0A\n",
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      "title": "Meet \"Beam\"; The Fastest Blockchain with Privacy &  Scalability",
      "body": "@@ -2260,16 +2260,1697 @@\n twork.%0A%0A\n+## Current Problems/Limitations With Crypto coins ##%0ASome major limitations with current crypto coins today include;%0A###### (a) Lack of Privacy of User Information: ######%0AInformation such as user address and amount of coins transferred ought to be kept private. Users would prefer them private. Though bitcoins claims to protect users information, it is still possible to access them. So bitcoin is not truly private. Research shows that leaks can happen through OTC deals, exchanges, collecting and clustering the blockchain data. It is then possible to deanonymize users, and since all data, including transaction amounts, is open and permanently stored in a public ledger, once users identity is known, all their transactions past and future as well as their balance, become directly linked to them as a person.%0A%0A###### (b) Slower Transaction Rate (Low Scalability): ######%0ABitcoin requires processing of every transaction in a block. Having to go through an entire history of transactions will definitely make bitcoin transactions slower.%0A%0A###### (c) Higher Transaction Fees : ######%0AAs miners will always go for the higher transaction fees, it makes the transaction fees for bitcoin higher, especially when the network is heavily loaded. Beam has overcome this prevailing problem. Any currency with high transaction fees will not be the first choice of users. So, this problem mostly affects the currency users who are the major stakeholders.%0A%0A###### (d) Sustenance of Value: ######%0ABitcoin is not backed with any asset. However, Beam is backed with Treasury. This will try to ensure the value is sustained and fight the negative effects of volatility.%0A%0A## The Solution ##%0A%0A#\n ### Intr\n@@ -4007,19 +4007,28 @@\n gy For B\n-EAM\n+eam Solution\n  ##%0AIn A\n@@ -4106,17 +4106,17 @@\n  elegant\n-%0A\n+ \n approach\n@@ -4353,24 +4353,26 @@\n ugh**.%0A%0A####\n+#\n+#\n  1. Confiden\n@@ -4394,16 +4394,18 @@\n n: #####\n+##\n  %0A%0A%22Conf\n@@ -4788,17 +4788,17 @@\n w what i\n-s\n+t\n  was bef\n@@ -4829,16 +4829,17 @@\n (hiding)\n+.\n %22%0A%0AMimbl\n@@ -7531,20 +7531,25 @@\n r Coins \n-With\n+Promising\n  User Pr\n@@ -7740,1347 +7740,42 @@\n %0A## \n-Current Problems/Limitations With Crypto coins ##%0AThe two major limitations with current crypto coins are mainly;%0A###### (a) Lack of Privacy of User Information: ######%0AInformation such as user address and amount of coins transferred ought to be kept private. Users would prefer them private. Though bitcoins claims to protect users information, it is still possible to access them. So bitcoin is not truly private. Research shows that leaks can happen through OTC deals, exchanges, collecting and clustering the blockchain data. It is then possible to deanonymize users, and since all data, including transaction amounts, is open and permanently stored in a public ledger, once users identity is known, all their transactions past and future as well as their balance, become directly linked to them as a person.%0A%0A###### (b) Slower Transaction Rate (Low Scalability): ######%0ABitcoin requires processing of every transaction in a block. This makes bitcoin slower, coupled with the fact that the weight of blocks are limited. These limitations will make bitcoin transactions slower.%0A%0A###### Higher Transaction Fees : ######%0AAs miners will always go for the higher transaction fees, it makes the transaction fees for bitcoin higher, especially when the network is heavily loaded.%0A%0A%0A## Summary of BEAM Features That Bring Solutions To Problems\n+Advantages of Beam Coin in Summary\n  ##%0A\n@@ -7849,16 +7849,22 @@\n ol over \n+their \n privacy \n@@ -7884,16 +7884,25 @@\n s which \n+of their \n informat\n@@ -7936,19 +7936,10 @@\n o wh\n-ich parties\n+om\n , ha\n@@ -8066,18 +8066,20 @@\n nalty - \n-in\n+with\n  BEAM co\n@@ -8275,16 +8275,17 @@\n on value\n+s\n .%0A* No t\n@@ -8297,16 +8297,19 @@\n d setup \n+is \n required\n@@ -8366,16 +8366,46 @@\n lgorithm\n+. This is loved by GPU miners.\n %0A* Limit\n@@ -8470,9 +8470,18 @@\n ins \n-~\n+supply of \n 210 \n@@ -8503,16 +8503,19 @@\n dresses \n+is \n stored i\n@@ -8741,16 +8741,17 @@\n leWimble\n+.\n  BEAM bl\n@@ -8759,17 +8759,23 @@\n ckchain \n-i\n+support\n s orders\n@@ -8930,16 +8930,17 @@\n sactions\n+,\n  atomic \n@@ -9045,17 +9045,17 @@\n rst five\n-%0A\n+ \n years.%0A*\n@@ -9939,17 +9939,16 @@\n  safety.\n-%0A\n \n+\n %0A%0ACase 2\n",
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      "permlink": "meet-beam-the-fastest-blockchain-with-privacy-and-scalability",
      "title": "Meet \"Beam\"; The Fastest Blockchain with Privacy &  Scalability",
      "body": "@@ -1172,17 +1172,7510 @@\n bsp;%3C/p%3E\n-%0A\n+ Blockchain has many areas where it is being tested. Few areas include Computing, Data storage, Medicine, Digital Payment Priocessing, Automotive Markets, etc. This increasing sectors makes it necessary for the technology to meetup with increasing demands. %0A%0ABitcoin is a ground breaking concept but has a major shortcoming with respect to private transferring of assets in a peer to peer fashion, and speed of transaction processing.%0A%0ABeam is the solution to bitcoin's and altcoins' limitation, offering true anonymity as well scalable(faster) peer-to-peer transactions.%0A%0A## About The Beam Project ##%0A%0ABeam is a true anonymous and scalable store-of-value coin while maintaining the benefits of an immutable and incorruptible blockchain system such as Bitcoin. Features of Beam include:%0A%0A1. User Privacy by default: The user has absolute control over transaction data available, allowing the option of transparency as well as privacy%0A%0A1. Mimblewimble Technology: Beam has smaller blocks than any other blockchain, giving it maximum scalability. It%E2%80%99s a faster and more efficient network.%0A%0A### Introducing MimbleWimble Technology: The Core Technology For BEAM ##%0AIn August 2016, an anonymous author published a new protocol, suggesting an elegant%0Aapproach to the topic of efficient confidential blockchain. The approach was called MimbleWimble. The approach builds upon two concepts originally proposed by Greg Maxwell, namely **Confidential Transactions** and **Transaction Cut - Through**.%0A%0A#### 1. Confidential Transaction: ##### %0A%0A%22Confidential transactions are implemented by using cryptographic commitment scheme which has two basic properties: *hiding and binding*. It is similar to giving someone a closed safe box with some message inside that only you know the combination for. When time comes you can reveal the key and the person can make sure that your commitment is valid (binding) while he can not know what is was before the key is received (hiding)%22%0A%0AMimbleWimble concept utilizes a well known commitment scheme called *Pedersen Commitment* that achieves this using Elliptic Curve Cryptography with the formular%0A%0A%3Ccenter%3EC = r * G + v*H%3C/center%3E%0A%0A*Where r is a blinding factor, a secret key hiding the real value v and G & H are generator point on a specific elliptic curve*%0A%0A#### 2. Transaction Cut-Through: ####%0AA large list of transactions  in a block can be thought as one transaction to be cut-through. In application, this concept creates a system that only needs the current state of transactions instead of the entire history of all transactions as they occurred, as opposed to bitcoin that require the entire history of all transactions. %0A%0A%22With this system, unspent transactions outputs (a transaction received by a user which has persisted in the blockchain) can be proved to belong to the receiving user via the value of the message and the value of the blinding factor. After creating the transaction, only the commitment is recorded on the blockchain; not the addresses of the users or the amounts exchanged.%22%0A%0A%3Ccenter%3E!%5Bunder the hood.png%5D(https://cdn.steemitimages.com/DQmcTRPuAipm8h9vQ6BCoDChFyuAsUR9AQyCGkPuc7Vo4CT/under%2520the%2520hood.png)%3C/center%3E%3Ccenter%3E%5BSource%5D(https://steemit.com/crypto/@originalworks/1125-steem-sponsored-writing-contest-beam)%3C/center%3E%0A%0A## FEATURES OF BEAM ##%0A%0A##### 1. Confidentiality: #####%0AAll transactions are private. Transaction participants information are not stored in the blockchain.%0A%0A##### 2. Versatility: #####%0A%E2%80%9CScriptless Script%E2%80%9D technology allows implementation of a wide variety of transaction types beyond simple transmissions of value; for instance, as in atomic swapping, escrow, and time-locked transactions.%0A%0A##### 3. Scalability: #####%0AThe %E2%80%9Ccut-through%E2%80%9D feature of Mimblewimble helps to avoid excessive computational overhead. This makes magnitude of BEAM blockchain orders smaller than any other blockchain implementation at present.%0A%0A##### 4. Sustainability: #####%0ABEAM is open source, implemented from scratch by c++ developers, community-governed, and backed by the Beam Growth Pool in which 20%25 of block mining rewards goes to this pool to provide incentives for development and promotion of BEAM.%0A%0A##### 5. Usability: #####%0ABEAM project provides a wallet for desktop and mobile devices, designed to support day-to-day usage for both individual and small business users. The implementation of BEAM solutions is also cost-friendly.%0A%0A##### 6. Compatibility: #####%0AA proven Equihash algorithm was implemented for BEAM to ensure broad adoption by existing GPU miners. BEAM comes with an extensive set of tools for running and managing mining nodes.%0A%0A%0A## BEAM Comparison with Other Coins With User Privacy ##%0A%0A%3Ccenter%3E!%5Bcomparison.JPG%5D(https://cdn.steemitimages.com/DQmfLvui4QvSZJ3CHETL16icwqiMDL9kgSfq4oMCZowRgs9/comparison.JPG)%3C/center%3E%3Ccenter%3E%5BSource%5D(http://beam-mw.com)%3C/center%3E%0A%0A## Current Problems/Limitations With Crypto coins ##%0AThe two major limitations with current crypto coins are mainly;%0A###### (a) Lack of Privacy of User Information: ######%0AInformation such as user address and amount of coins transferred ought to be kept private. Users would prefer them private. Though bitcoins claims to protect users information, it is still possible to access them. So bitcoin is not truly private. Research shows that leaks can happen through OTC deals, exchanges, collecting and clustering the blockchain data. It is then possible to deanonymize users, and since all data, including transaction amounts, is open and permanently stored in a public ledger, once users identity is known, all their transactions past and future as well as their balance, become directly linked to them as a person.%0A%0A###### (b) Slower Transaction Rate (Low Scalability): ######%0ABitcoin requires processing of every transaction in a block. This makes bitcoin slower, coupled with the fact that the weight of blocks are limited. These limitations will make bitcoin transactions slower.%0A%0A###### Higher Transaction Fees : ######%0AAs miners will always go for the higher transaction fees, it makes the transaction fees for bitcoin higher, especially when the network is heavily loaded.%0A%0A%0A## Summary of BEAM Features That Bring Solutions To Problems ##%0AThings that make BEAM special include:%0A%0A* Users have complete control over privacy - user decides which information will be available and to which parties, having complete control over his personal data in accordance to his will and applicable laws.%0A* Confidentiality without penalty - in BEAM confidential transactions do not cause bloating of the blockchain, avoiding excessive computational overhead or penalty on performance or scalability while completely concealing the transaction value.%0A* No trusted setup required%0A* Blocks are mined using Equihash Proof-of-Work algorithm%0A* Limited emission using periodic halving with total amount of coins ~210 million%0A* No addresses stored in the blockchain - no information whatsoever about the either sender or a receiver of a transaction is stored in the blockchain.%0A* Superior scalability through compact blockchain size - using cut-through feature of MimbleWimble BEAM blockchain is orders of magnitude smaller than any other blockchain implementation.%0A* BEAM supports many transaction types such as escrow transactions, time locked transactions atomic swaps and more.%0A* No premine. No ICO. Backed by a treasury, emitted from every block during the first five%0Ayears.%0A* Implemented from scratch in C++ by a team of professional developers\n %0A%0A%0A## Be\n",
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      "body": "here is my submission for the beam2018 contest\nhttps://steemit.com/blockchain/@itsystems/meet-beam-the-fastest-blockchain-with-privacy-and-scalability",
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      "title": "Meet \"Beam\"; The Fastest Blockchain with Privacy &  Scalability",
      "body": "@@ -415,16 +415,126 @@\n  issues.\n+ Users and investors want their information to remain private without being shared with an unsolicited member.\n  With tr\n@@ -571,16 +571,27 @@\n current \n+blockchain \n system i\n@@ -609,14 +609,18 @@\n  to \n-stra\n+lag beh\n in\n+d\n  und\n@@ -683,16 +683,25 @@\n adopted \n+globally \n as money\n@@ -733,16 +733,23 @@\n currency\n+ in use\n , it mus\n@@ -834,16 +834,26 @@\n d secure\n+ly process\n . %3C\n@@ -1025,16 +1025,19 @@\n proceed,\n+ we\n  will co\n@@ -1174,16 +1174,2035 @@\n p;%3C/p%3E%0A%0A\n+## Beam Coin Specifications & Information ##%0A%0A* Total Supply - 210 Million%0A* No Premine%0A* No ICO (Initial Coin Offering)%0A* Backed By A Treasury%0A* Emitted From Every Block During The First Five Years%0A* Blocks are mined using Equihash Proof-of-Work Algorithm%0A* Developed From Scratch with C++ By A Team of Developers%0A%0A## Beam Use-Cases ##%0A%0ACase 1 %0A%0ASmith is the Manager of Borg Financial Services AG;  an investment firm that helps their clients with investments. They have been around cryptocurrencies. Some of their clients would prefer investing in promising coins (but with Anonymity, i.e. privacy of information). Previously, most Altcoins don't offer this privacy advantage.%0A%0ASmith learns about Beam. Now, those clients with Privacy Preference can invest in a promising crypto currency and still enjoy safety.%0A%0A%0ACase 2%0A%0AMcPence Legal & Finance Company is a legal, real estate and financial services company. They decide to pay salaries and commissions of their marketers and employees with cryptocurrency for security reasons. They have been using Bitcoin but have not achieved the privacy of information they desire. Now, they learn of Beam Coins, which is built to provide the user with choice of privacy of data. They switch to using Beam Coins to pay the commissions and salaries of their staff and marketing officers. No matter how much is involved, they remain private.%0A%0A%0A## Conclusion ##%0A%0AIn order to encourage greater participation in cyptocurrency, it is necessary to have faster transaction rates and choice of privacy of transactions and users data. If cryptocurrency must be a widely accepted and lasting future money, the previous limitations must be overcome.  Cryptocurrency must have scalability and privacy that surpasses or equals the systems of fiat currencies, without compromising on security. %0A%0ABeam has brought a solution which bitcoin had not brought yet. Transactions will now be much faster than ever before. Most users would love to store their assets in cryptocurrencies as Beam Coins.%0A%0A\n %3Ch2%3EAnne\n@@ -4001,52 +4001,52 @@\n /DQm\n-ZR2WWnMKWEnKvqMKGvPWazj1jeetTbB2JipYfbyQfCfM\n+XJfDJcQWeNbJhNgGv9HGmC1s6beaD5tWh7pfUkRZ6yKZ\n /inv\n",
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