MimbleWimble, Privacy Protocol of the Future? With Alexander of Beam
By Bitcoin.com Podcast Network
"Named after a Harry Potter spell also known as the Tongue-Tying Curse that prevents an opponent from casting theirs, Mimblewimble enables the bulk of a blockchain’s past transaction data to be removed." It is all the buzz right now in the cryptoworld. Even BTC maximalists are closely following Beam and Grin, privacy coins utilizing MimbleWimble. Alexander of the Beam project which just launched a few days ago, joined us and did an excellent job explaining MimbleWimble on laymens terms. Alexander calls Beam a “Scalable confidential cryptocurrency." Listen and learn: Explain MimbleWimble to my grandma How are decisions made by the Beam foundation? The treasury gets 20% of rewards over 5 years.. … could “non profit foundation” be shut down and end the protocol? Can businesses and merchants easily use BEAM in commerce and pay taxes, etc? Regulation concerns?