What is Beam?
Beam is a cryptocurrency that focuses on providing a completely confidential experience while incorporating scalability and efficiency. It is based on the Mimblewimble and Lelantus protocols, which provide great transaction privacy. This focus on anonymity has been a critical element in its growing popularity.
Beam goals
Beam aims to address the inherent public nature of traditional blockchain transactions which can compromise user privacy. The project's purpose is to offer a confidential yet decentralized option for everyday financial activities. Its potential use cases include remittances, microtransactions, and decentralized finance (DeFi).
Marketcap
$1.463B
Total number of Beam
61148853857 BEAM
Beam technology
Beam's technology is based on the Mimblewimble protocol, which was created by combining innovations such as CoinJoin, Confidential Transactions, Range Proofs, and Cut-throughs. This protocol allows for private, yet scalable transactions. Beam also utilizes the Lelantus protocol to further enhance its privacy features.
Beam competitors
Beam differentiates itself from competitors through its use of the Mimblewimble and Lelantus protocols, which provide enhanced privacy and scalability. Its confidential transaction system, based on homomorphic encryption, allows for secure and private transactions. This sets Beam apart from other cryptocurrencies that may not prioritize anonymity and decentralized financing.
Beam price history
Frequently asked questions
Beam is based on the Mimblewimble and Lelantus protocols.
Beam focuses on providing a completely confidential experience while incorporating scalability and efficiency.
Beam's potential use cases include remittances, microtransactions, and decentralized finance (DeFi).
Beam's confidential transaction system is based on homomorphic encryption, which allows for secure and private transactions.
Beam differentiates itself from competitors through its use of the Mimblewimble and Lelantus protocols, which provide enhanced privacy and scalability.
Beam was launched in 2019.
Beam aims to address the inherent public nature of traditional blockchain transactions which can compromise user privacy.
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