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BEAM – Scalable confidential cryptocurrency
- parvenu74 8y agoUh, the name "BEAM" is taken for the Erlang VM, more fully known as "Bogdan’s Erlang Abstract Machine." Fully history here: http://blog.erlang.org/beam-compiler-history/ http://blog.erlang.org/beam-compiler-history/
- amluto 8y ago> An industry proven Equihash algorithm was chosen to ensure broad adoption among existing GPU miners. In other words, GPU miners are explicitly supported so that 50% attacks can be mounted for only the marginal cost of renting mining gear. Thanks. The new-cryptocurrency industry needs to catch on that the only reason that Bitcoin is secure at all is that the market for mining gear is illiquid, which is mostly a result of the dominance specialized ASICs. In a fully efficient market, proof of work blockchains are insecure.