This means that no one can see how much money is being sent or where it’s coming from or going to. Additionally, Mimblewimble utilizes Confidential Transactions which hide the amount of coins being transferred. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 882 exchanges. In conclusion, Beam is a project that stands at the intersection of privacy, gaming, and decentralized governance.
BEAM Technical Analysis
One of the main selling points of Beam, especially for businesses, is its auditing features that will give businesses the ability to provide a financial trail for auditors or regulators if needed. As part of a broader Beam Compliance Initiative there is a focus on third-party services to provide country specific regulation compliance. The initial block reward is 80 BEAM, and this will halve roughly every 4 years until it reaches zero in roughly 2152. This is achieved by using blinding factors to encrypt the transaction amounts.
Beam Development
Beam is a cryptocurrency that emphasizes privacy, leveraging the Mimblewimble protocol to ensure transactions remain confidential. Launched in March 2018, it aims to address privacy concerns in the digital finance space by offering a platform where transactions, user identities, and account balances are protected. In summary, Beam’s security is multifaceted, relying on advanced cryptographic techniques, a robust consensus mechanism, and a community-driven governance model to protect users’ assets and information.
BEAM Exchanges »
Beam, a privacy-focused cryptocurrency, leverages Mimblewimble protocol to ensure transactions remain confidential and secure. This protocol is a cornerstone in the Beam network, providing both privacy and scalability by allowing for the encryption of transaction data. This ensures that details of transactions, such as the amount and the parties involved, are only known to the participants in the transaction. The security What is BEAM coin of the Beam network is a multifaceted approach, leveraging advanced cryptographic protocols and algorithms. At its core, Beam employs the Mimblewimble protocol, which is renowned for its ability to ensure both privacy and scalability in transactions. This protocol facilitates confidential transactions, where the values transferred are encrypted, yet verifiable by the network to prevent double-spending or fraud.
latest Beam news
The volume of all stable coins is now $64.7B, which is 92.05% of the total crypto market 24-hour volume. Beam represents a collaborative platform where the gaming community, including players and developers, collaborates to drive the gaming sector’s evolution. A key element of this ecosystem is the Beam SDK, a versatile toolkit for game creators.
BEAM Review: Mimblewimble Based Scalable Privacy Coin
- Beam is explicit in stating as part of its monetary policy that it was created as a store of value, not as a transactional cryptocurrency.
- Beam has experienced several pivotal moments that have significantly shaped its trajectory within the cryptocurrency and gaming sectors.
- BEAM launched in early January and was the first full Mimblewimble implementation to go live, followed by Grin a couple of weeks later.
- You can search by exchange name to find out if BEAM is available on your desired crypto exchange.
- We do not cover every chain, but at the time of writing we track the top 70 crypto chains, which means that we list more than 97% of all tokens.
The supply of Beam will never exceed 263 million BEAM and the coin uses a deflationary emissions scheme similar to that used by Bitcoin in which block rewards are halved over time. While other blockchains have been struggling with scalability issues, Beam believes they’ve solved the issue by keeping a lean and compact blockchain. Transactions have been designed to avoid bloating, through the use of Mimblewimble https://www.tokenexus.com/ protocol to prune old data that’s become irrelevant to current transaction processing needs. Beam allows financial counterparties to make safe, stable and reliable transactions. This helps eliminate the problem of user data mismanagement, keeping the system cleaner and more secure. Often tied to a specific individual in politics, PolitiFi coins also pop up in response to current events.
