Beam (BEAM) is a cryptocurrency that utilizes the privacy-focused MimbleWimble technology. The main distinction of Beam from other privacy-oriented projects is its use of MimbleWimble technology, aiming to create a private, scalable, and user-friendly cryptocurrency.
All transactions on the Beam network are conducted in complete privacy without any need for an intermediary encryption protocol. BEAM, like the leading cryptocurrency Bitcoin, has a fixed limit and undergoes block reward halving at predetermined intervals, with its price expected to rise in the long term as a result.
What is Beam (BEAM)?
BEAM Coin, unlike many other cryptocurrencies, did not enter the market through an ICO or pre-mining. Supported by a reserve from the outset, BEAM is mined from each block for the first five years. Developed by the developers after years of work, BEAM Coin is programmed with the modern C++ system. Accordingly, BEAM Coin wallets offer a variety of distinctive features.
Some of these features include:
- Fully private atomic swap transactions that allow BEAM to be exchanged for BTC, LTC, and QTUM.
- The ability for the sender to receive a proof of payment while remaining invisible and private on the blockchain network.
- The Lelantus update ensuring complete privacy without any compromise.
- The Confidential Assets feature allowing users to launch their own tokens on Beam.
- The Laser Beam feature, enabling instant payments.
The main goal of BEAM and its team is to create a privacy-focused financial ecosystem and help users achieve financial freedom. The objective is to allow users to acquire and maintain privacy in any cryptocurrency they desire through atomic swaps and privacy features.
As of the time this article was written, BEAM ranks 416th with a unit price of $0.6649. The total supply of BEAM is reported to be 81.882 million. The highest price BEAM has reached is $3.21.
Where to Buy BEAM Coin?
BEAM Coin can be purchased on Binance, the world’s largest cryptocurrency exchange. Looking at the trading volume, the BEAM/USDT trading pair is observed to be the most liquid BEAM pair globally.