Verasity VRA to Beam BEAM Exchange

Crypto Pair Details: VRA to BEAM

Verasity VRA

Verasity is a disruptive video sharing platform designed to pivot the online video ecosystem by enabling a direct and transparent relationship between viewers, content creators, and advertisers. Our team has a wealth of experience across the Media and Technology sectors, holding previous leadership roles at companies including Eurosport, Sky, Joost, AOL, Turner, and Guardian. Powered by existing cutting-edge video player technology, Verasity provides a high-quality viewing experience. Verasity’s proprietary Blockchain technology (PoV™) creates a transparent economy powered by a new cryptocurrency called VERA. Our goal is to liberate creators and online publishers whilst improving the viewer experience for video. Verasity's protocols will be used across the web integrating video delivery and instant micropayments using VERA all backed with trusted and transparent Proof of View™ Blockchain technology. Key Features include: Instant Transactions – using VERA, a high-performance commercial utility token (capable of thousands of transactions per second) built within the player, disbursing payments between Creators, Viewers and Advertiser in near real-time Proof-of-View™ – Accurate, transparent and audit-able audience metrics (anti-fake-view) – patent pending technology Spark Marketplace – Smart contract based system allows Creators to fund their channel development. Users receive a portion of a channel’s revenue while they hold a live smart contract

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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