Now, what other demand do users have? We all want freedom, but also privacy and confidentiality. We have always had the need to safeguard our real identity; something that has not been possible in transactions in the Bitcoin network. By having permeability in the network it is possible to link the identity of a person with commercial movements since their data are open and permanently stored in a public accounting book. There is an advantage in using this technology, it allows you to store data in a secure, immutable, decentralized and transparent manner. But, on the other hand, it is still a slow system, not scalable, with limited storage capacity and privacy problems.
What is Beam?
Beam is a novel cryptocurrency that is uniquely built to secure users' data ensuing from financial transactions. Although for the time being, it's use will be restricted to that of store of value, hopefully in the near future it can be used as medium of exchange.
Beam wants you to have control over your own transactions, allowing you to decide what information you want to share and with whom you want to share it.
While many people support the way Bitcoin allows all transactions to be seen openly there are others who do not agree very much with this.
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