Beam vs Horizen vs Bytecoin
What problem does this service solve?
BEAM aims to create a blockchain platform that will provide complete transaction confidentiality and can also be audited to ensure regulatory compliance. | Horizen enables anonymous transactions and messaging. | Bytecoin is a decentralized blockchain platform whose primary focus is privacy. |
Token Stats
Company Description
Beam is developing a confidential cryptocurrency that uses the Mimblewimble protocol. It will have a Proof-of-Work (PoW) consensus mechanism, and will enable private transactions that can be audited for compliance purposes. | Horizen, formerly called ZenCash, is a cryptocurrency focused on privacy. Horizen has an end-to-end-encryption system with zero-knowledge technology, that allows for anonymous transactions and messaging. | Bytecoin is a privacy focused blockchain that aims to be completely anonymous. It is the first digital currency based on CryptoNote technology and uses ring signatures. Bytecoin utilizes one-time addresses and multi-signatures to enhance security. Bytecoin has high transaction speeds and users are in complete control their personal information. Any identifiable details can only be seen if you allow it. Bytecoin, and CryptoNote, have led to several popular forks. Monero and Dash are both Bytecoin forks. The CryptoNote Proof-of-Work (PoW) algorithm was designed to provide ASIC resistance and enables anyone with a personal computer to mine it. |