Ethereum Lighthouse


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Ethereum Beacon aims to become the world's next-generation decentralized computer application.

Blockchain technology for storing data and work processes has existed since the 1990s. Bitcoin was the first full blockchain implementation. Bitcoin was created in 2008 and released in 2009 with open source. This is a peer-to-peer system of digital assets and payments, in which there is no single point of failure.

Previous attempts to create a digital currency system failed because digital transactions could be copied, allowing users to spend money more than once. Bitcoin solved the double-cost problem with a universal blockchain register and confirmation processes.

The blockchain offered Bitcoin a fixed set of mechanical rules so that transactions could be made between private users without intermediaries. As Bitcoin became more popular, other digital currencies quickly followed their own blockchain implementations. Each new, successful implementation of the connected technology forced others to pay attention to it, causing an explosion of interest in the blockchain in various industries and applications.

To do this, we are creating a scalable new block chain that will present a number of advanced solutions, including sharding, a validator-based PoS consensus protocol, and an improved Beacon Assembly virtual machine.

Not all blockchains are the same. Several current cryptocurrencies (also known as digital currencies) started with a bitcoin code base, and many use the same blockchain. For example, bitcoin and lightcoin use the same binary format for the blockchain, but differ in cryptography and consensus approaches. Zcash is a cryptocurrency based on an earlier version of Bitcoin, but has made significant changes to support additional anonymity and privacy. Allowed blockchains, such as Hyperledger, Chain, R3 Corda, and BigchainDB, use the NoSQL core database to store blockchain data. Allowed or private blockchains assign authority to certain parties in the network to authenticate blockchain transactions through the access level. Although private blockchains do not require a coordinated process, they are less destructive,

BEACON This project is one of the points of competition for commercial value against cryptocurrency fluctuations, especially in the development of intelligent contract systems under the auspices of ethereum. some basic calculations about this project can be accurately calculated relative to the potential scale in the development of the project, which really has a commercial impact on the owners of capital. Given its potential, few terms are more promoted than the blockchain. However, in order to understand its business applications, it is important to understand what blockchain is, but also what it is not.

Blockchain is not just bitcoin. Originally associated with online currencies, blockchain is not just Bitcoin technology or just a sensation on the Internet. It is widely used in the industry and is used as a secure data network for many markets, including supply chains and food safety solutions.


Token Utility (EBEA)

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Blockchain is more than a database. At a high level, blockchain is a protocol that describes how transactions are defined, connected, transmitted and collected. Blocks for consensus on updating the data warehouse. Although the blockchain is not technically a database, many blockchain implementations use the key / value database as a data store, so data is encrypted as part of the system. Similarly, the science of permitted or private blocks works as a repository of operational data that is added to each step of the transaction process.

See how the blockchain technology actually works, and how it can be used as the basis of the “digital truth” for online transactions, the exchange of music, cryptocurrencies and many others. BEACON This project represents the development of a system per capita in comparison with the value of blockchain fluctuations, which in recent years have become more and more sharp. The study says that now everyone can get a number of opportunities to achieve wealth with the availability of wireless blockchain technology and the development of ever faster cryptocurrency projects, especially in the field of cryptocurrency with ethereum smart contracts.

token (EBEA) that token is one of the manifestations and opportunities for all capital owners to invest large or private funds through an intelligent exchange system in a secure access system. Banks can exchange parts of the blockchain with each other to track suspicious activity and track the flow of transactions. Allowed blockchains can be used to reorganize business processes, such as moving transactions from front to middle to back office, eliminating the need for data harmonization. New uses include blockchain for trade finance, global payments, securities settlements and commercial real estate.

The project will solve the remaining problem with the bandwidth of the Ethereum network without compromising the security of the system. At the same time, he will promote the ideals of distributed democracy through his Proof-of-Stake scheme, which equalizes the capabilities of all transaction validators, from individual GPU users to large mining operations. This and many other solutions will make EBEA the ideal programmable money for which Ethereum was originally created.


Draft BEACON Roadmap

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Team And Advisory Structure

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ACCURATE INFORMATION

AUTHOR

Username BTT : Ris88
Profile BTT : https://bitcointalk.org/index.php?action=profile;u=742331
Wallet ETH : 0x2CF4F93348116B2Ce67Ecb7A9eA57E10Bf0f81A2


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