Beam



A Beam is a symbol of Blockchain technology. An exact definition of Beam is public ledger or system, data that stores transaction history in a public ledger or database. Usually, these data are stored on a public ledger or database. In a blockchain, there are one main account and several “blockchain nodes” where information about the transaction is stored. A beam can be hard to understand at first glance, so if you need more information about the difference between a blockchain and a Beam, you may refer to the following paragraphs.

One definition of a Beam is as a ledger of transactions for the purposes of accountability. To use blockchain technology, all participants of the project must create their own public ledger or database. Each account or node in the blockchain stores records of transactions that are sent to the other nodes and the database that are replicated to all other servers in the network. Each participant is allowed to send information to other participants using the blockchain by having their account, or the blockchain, that contains that information. The information will be verified by other nodes to confirm the transaction. After it is validated, it will be recorded in the database as a proof. Any discrepancies between information are then referred to the blockchain and can be handled with greater scrutiny.

Even though a Beam is similar to a traditional accounting ledger in the virtual world, it differs from a traditional ledger. These two types of systems are similar but not identical. For instance, a traditional accounting ledger is in the form of a column chart with a ledger entry and will only display the current value and a total sum of all previous transactions.

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