Beam Mimblewimble is a scalable, fungible, and confidential cryptocurrency based on the Mimblewimble implementation. WHY BEAM? Core features include complete control over your privacy, All transactions are private by default, No addresses or other private information are stored on the blockchain, Superior scalability due to compact blockchain size, Opt-in Auditability, Support online and offline transactions, atomic swap, hardware wallets integration. Governance model No premine, No ICO. Backed by Treasury Establishing a non-profit foundation to govern the protocol after Mainnet launch How does it work? Wallets’ owners create new transaction using secure channel either online or offline Both wallets participate in signing the transaction using Schnorr protocol Wallet sends transaction to node Each transaction contains a list of Inputs and Outputs represented by Pedersen Commitments, as well as explicit fees and kernels. Each transaction also contains non-interactive zero knowledge range proof to verify that the output transaction value is positive Transaction is verified by the node Each transaction is verified with respect to the recent blockchain state which is stored as a Merkle Tree. The root hash of the tree is recorded in block header along with a proof of work. In addition, each node periodically creates compacted history to allow ‘fast sync’ of new and existing nodes. Transaction is added to the mining pool A block is mined every minute and is sent back to the node for verification and distribution. Mined blocks containing the new transactions are sent to the known peers A valid block that is extending the longest chain is accepted as a new Tip and propagated further until full consensus is reached. Fast sync When a new node connects to the network for the first time it can request compacted history containing only system state and blockchain headers. There is no need to retrieve the entire transaction history.
NEXT.coin is a public company registered in the Netherlands, as well as a Limited company in England and Wales. Our team is composed of highly experienced individuals and successful entrepreneurs. In 2017, together as a team of young pioneers, we developed a hybrid cryptocurrency exchange platform, NEXT.exchange. Our platform provides individual Blockchain wallet addresses for each user for his or her assets, the ability to deposit, withdraw, and trade cryptocurrencies directly against fiat currencies, such as the United States Dollar, Euro, British Pound, Turkish Lira, Russian Rubles, and the Chinese Yuan. Our goal is to make it 'easy and safe' to trade cryptocurrencies on a convenient user-friendly interface that connects social, company information and in-depth analyses to make it as simple as possible for our users to join the digital economy. Together with our legal team and advisors, we are taking all of the necessary steps and measures in order to operate as a regulatory compliant hybrid exchange platform, as well as to maintain appropriate KYC/AML policies.