BEAM Coin, utilizing MimbleWimble integration, is the first privacy-focused cryptocurrency to offer both scalability and 100% privacy. Launched in January 2019, BEAM Coin provides users with full control over their data without compromising on performance, gaining significant attention with its MimbleWimble integration.
BEAM Coin
Another cryptocurrency known for its privacy feature using MimbleWimble is Grin, which was launched a few days after BEAM. Beam coin’s hallmark is the privacy it offers, but the Beam coin halving is also of significant interest to investors. Like Bitcoin Halving, Beam coin undergoes periodic block reward halvings, automatically reducing the block reward by half.
Beam supports both confidential transactions and a confidential assets model. This model allows the privatization of multiple asset types, new currencies, real estate tokens, and other various cryptocurrencies. Many entities, including institutional investors, can use the Beam platform to keep their transactions and assets private.
The Beam coin network also features atomic swaps and time-locked transactions. Beam enhances both privacy and the irreversibility of transactions through its support for immutable digital signatures.
BEAM Coin Reviews
Beam coin mining is another feature that has stood out in expert reviews. Beam’s CEO, Alexander Zaidelson, has expressed confidence that their mining infrastructure and high-level security will propel Beam to the top tiers.
Indeed, Riccardo Spagni, a leading developer at Monero, one of Beam’s main competitors, has highlighted the impressiveness of the MimbleWimble privacy technology. The Beam coin has also seen a significant rise in its price upon its market entry, benefiting from these features.
The Beam ecosystem includes a CLI wallet, desktop wallet application, Beam network node, OpenCL, and Cuda mining clients.
BEAM Coin Chart
At the time of writing, the price of Beam coin is $0.404, with a 5% increase over the last 24 hours, ranking 180th. Beam started trading at $0.65 during its initial market entry in 2019, and on June 25, 2019, it peaked at $2.5, setting an all-time high. Following the famous bull run of 2019, the price of Beam coin fell sharply, dropping to $0.22 on March 13.
The significant drop on March 12 was anticipated for Beam, and it happened as expected. However, since that date, there has been almost a twofold increase in the price of Beam coin.
How to Buy BEAM Coin?
Beam coin can be easily and securely purchased through Binance, one of the world’s largest cryptocurrency exchanges by trade volume. Beam coin on Binance is available in trading pairs with Bitcoin, Tether, and Binance Coin, and currently, the BEAM/BTC pair on Binance is the one with the highest global volume.
