Re: [ANN] BEAM | Mimblewimble | Private | Scalable | No ICO | No Pre Mine
Submit your questions to our CMO for the forthcoming AMA here: https://docs.google.com/forms/d/1i1zAvCcXTudgms_EpjSMk3Wol4nTKKUdVMshCgX3Y2A
Ooops looks like I missed it. I have a few questions. This is a very very interesting project IMO, very unique. 1. How would opt in auditability work? 2. I read that BEAM plans tokenized real world assets on mimblewimble? 3. when one sided payments are enabled for BEAM then it will be on hardware wallets? Especially question #2 putting real world assests on mimblewimble, is there an example please to understand? I like this fresh project. Thanks
thanks for your questions.
1. Opt-in auditability will not be backwards compatible for previous transactions, moreover the user will be able to enable the wallet for future transactions when the feature is fully deployed. This will allow audit by third party or external group (for example tax regulators etc). So enablement of opt-in auditability will not show any transactions which are made previous to the 'opt-in'
2. Confidential assets will be a service available to third parties who wish to tokenize their assets, in a secure and private way. An example might be company shares where a company wishes to keep all share info on the Beam blockchain, and allow dividends to be paid to shareholders in their confidential asset token. This would allow full privacy - unlike ERC20 tokens on other blockchains which are pseudo-anonymous in a public ledger.
3. Yes, we are currently working on one-sided payments and initially the Trezor T hardware wallet. Once all the heavy work has been completed on the Trezor T and it is able to carry Beam, then we will expand to other hardware wallets.
i hope this answered your queries