Bibox Token BIX to Beam BEAM Exchange

Crypto Pair Details: BIX to BEAM

Bibox Token BIX

Bibox is an intelligent transaction platform for blockchain asset, jointly established by a group of senior experts who are enthusiastic about blockchain and have a thorough knowledge in the areas of blockchain, finance and AI, etc. The platform was created to spread the word about digital asset and enable digital assets to facilitate our lives. We also hope that with our continuous efforts and accumulation of knowledge, we will work with our customers to build Bibox into a “world leading and transparent intelligent transaction platform for digital assets” by way of advanced AI technology and perfect user experience. We also want to make Bibox the best place for staff career development. Bibox is the next-generation digital asset exchange that embodies artificial intelligence technology for the first time in digital asset trading, thereby realizing a safer transaction security environment. It has improved the reliability and operability of the exchange itself with its advanced technology, which is known as the world's first personal intelligence digital asset trading platform. The Bibox Token used in the Bibox and the Huobi Token in Huobi are cross-listed on mutual trading platforms.

Beam BEAM

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.

SOURCE: COINGECKO

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