What is Beam?
Beam is an privacy coin created to explore secure decentralized finance (DeFi). Beam uses the Mimblewimble protocol to keep the information and value of transactions private, reduce blockchain bloat, and improve scalability. By implementing LelantusMW, Beam ensures the privacy and anonymity of transactions.
Beam’s mission is to help users manage their assets. Through Beam blockchain, users can store and exchange value in a truly secure and decentralized manner.
Beam’s Technological Breakthrough
Beam achieves the following technological breakthroughs:
- MimbleWimble and UTXO model: a protocol that helps to fully ensure the confidentiality of blockchain transactions and improve scalability.
- LelantusMW: a feature that maximizes the privacy of Beam transactions. LelantusMW adds an extra layer of protection to Beam’s privacy, allowing users to unlink important data to their transactions, thereby reducing the risk of security attacks.
- Offline transactions: LelantusMW protocol allows implementing offline transactions on Beam wallet version 5.1.
Key Features of Beam
- Confidentiality: transactions are completely private, helping users manage their own data and assets.
- Flexibility: Beam blockchain supports many types of transactions such as escrow, time locked trading,…
- Scalability: Mimblewimble’s cut-through feature frees up block space while protecting transaction privacy.
- Auditability: Beam allows individual and corporate customers to securely report financial history to third parties.
- Confidential assets: Beam can enable encryption of all types of assets and confidentiality of data, only allowing the parties involved in the transaction to know the identity of the assets.
BEAM Token
Beam coin (BEAM) has several important functions in the Beam blockchain:
- Pay transaction fees anonymously
- Create and execute smart contracts on Beam’s blockchain
- Create and exchange secure assets on the Beam blockchain
- Pay block rewards to miners for participating in transaction validation and improving network security
Specifications
- Ticker: BEAM
- Blockchain: Blockchain Beam
- Consensus mechanism: Proof of Work (PoW)
- Average transaction time: 20 TPS (Max 1000 TPS after upgrades).
- Total supply: 98,578,120 BEAM
- Circulating supply: 98,578,120.00 BEAM
Token Allocation
- Private sale 1: 2.4%
- Private sale 2: 1.2%
- Private sale 3: 0.55%
- Team: 4.8%
- Beam Foundation: 2.4%
- Advisors: 0.65%
- Mining rewards: 88%
BEAM token Price today
How to buy BEAM
Beam coin (BEAM) has been listed on Attlas Exchange.
Traders can easily and securely buy BEAM with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find BEAM
Step 5: Select Buy
Summary
This article is an overview of Beam coin (BEAM), not a financial advise.
Users are advised to do their own research before making any trading decisions.