Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BEAM | Mimblewimble | Private | Scalable | No ICO | No Pre Mine
by
CryptoBroker012
on 07/01/2021, 13:12:40 UTC
As I have heard, there was an issue concerning the mimblewimble blockchain- a hacker managed to break the privacy of the mimblewimble addresses in Grin. As Beam uses the same mimblewimble cryptosystem, its something that beam should also be worried about!
My question: Since that anti privacy- hack, have there any measures been set to prevent such hacks in the future? Is it anyhow possible to update the mimblewimble protocol for beam to prevent that in the future or does your team have any plans to do so?
Cause with the permanent risk of being spyed out by such an attack, this blockchain wouldn't give users more privacy than the privacy coins that have already  established themselves on the crypto market... and no benefit to the other privacy coins would mean that beam would not be able to compete with coins like ZCash or Monero, who also promise privacy to their users.... Huh