Beam Coin (BEAM)

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Beam is a privacy focused coin that began development in March 2018. The projects uses the Mimblewimble protocol to shield transaction data and make them untraceable. 

As is the case with other privacy tokens, BEAM features an opt-in audibility option that ensures that certain types of transactions can comply with regulations. Development is open-source and the team budgets 20% of mining rewards for the BEAM growth pool, with the intention of encouraging adoption and developers to build on the platform. 

Privacy coins are a very prominent niche in the cryptocurrency market, with coins like Monero and Zcash being among the 25 tokens with the highest market cap. The privacy-facilitating technology of Distributed Ledger Technologies (DLTs) has spurred multiple teams to create tokens that shield recipient and sender data, as well as the transaction amount. Contrary to popular belief, Bitcoin is not truly anonymous, and startups are seeking to address this issue by building networks that have privacy integrated into it.

After the launch in March 2018, the team began working towards releasing a Proof-of-Concept and a testnet, which they did in June and September of 2018 respectively. The mainnet launch soon followed in December 2018, bringing with it a blockchain explorer, GPU mining support, atomic swaps, a mobile wallet, a payment integration API, among many other features. 

Having already completed payment and exchange, and mining pool APIs, the rest of 2019 sees the team focusing on Android and iOS wallets, multisignature support, a Lightning Network Proof-of-Concept, hardware wallet integration, TOR integration and a change to the Proof-of-Work algorithm.

In this tag, read Beam (BEAM) coin news, price predictions, opinions and analyses created by users.


What is Beam (BEAM)? [A Comprehensive Guide to Understanding Beam]

5 Dec 2019 6 minute read Mr.CryptoWiki $8.55 tipped

When Satoshi Nakamoto introduced Bitcoin to the world back in 2009, it gave the world a great hope for an independent, dis-inflationary, and decentralized currency. It was also widely believed that Bitcoin provided financial anonymity. People thought...

Privacy by default: MimbleWimble

2 Dec 2019 3 minute read starke_kunst $5.29 tipped

One of the trends in the cryptocurrency industry that I keep an eye on is anonymous cryptocurrencies. I want to dedicate to this a separate series of articles and start it with the analysis of the MimbleWimble protocol and its two implementations. To...

Is MimbleWimble Risky for LiteCoin?

24 Oct 2019 1 minute read Yasin $0.56 tipped

  Litecoin creator Charlie Lee, Grin developer David Burkett, and LTC developer "ecurrencyhodle", published the draft proposal of applying Mimblewibmle to Litecoin to be solution to the issue of privacy and scalability.   Litecoin developer "ecurren...

BEAM Gains 50% in Just 5 Days - What's This Crypto About

19 Aug 2019 1 minute read Li_KungFu $2.77 tipped

When a cryptocurrency rises by 50% in just a few days it is certainly something to take a look into. The latest cryptocurrency on my radar is BEAM which has increased by a total of 50% over the past 5 days to bring the price for the coin up to the $1...

Beam | Keeping your money away from Big Brother

6 May 2019 1 minute read Blockspectator $0.07 tipped

Beam and its underlying technology, Mimblewimble, are an exciting concept in regards to the issue of cryptocurrency privacy. While Bitcoin may be the flagpole cryptocurrency, during transactions, Bitcoin exposes a substantial amount of information,...

Beam news

16 Apr 2019 2 minute read CEDCryptoCoin $0.00 tipped

Beam_News  Covering April 9th 2019 - April 15th 2019    Links   Blog   LinkedIn (not available)   Whitepaper (not available)   Bitcointalk   Reddit   Chat   Facebook (not available)   Telegram chat   Twitter   Github   $0.714542 USD (-3.77%) ...

Beam users can now use MimbleWimble on Android

10 Apr 2019 1 minute read Exe8422 $0.23 tipped

  The Beam developer team, the privacy-oriented cryptocurrency that uses the MimbleWimble protocol, introduced the first official Android keychain. The application can now be downloaded from the Google Play Store and is available for any device that...

A Quick Overview Of Beam Project

25 Aug 2019 5 minute read Rumi $4.95 tipped

Overview Beam іѕ аn open source protocol focusing оn privacy, scalability, and fungibility that іѕ built bу implementing а MimbleWimble blockchain. Thіѕ nоvеl blockchain protocol hаѕ bееn receiving significant attention recently fоllоwing the laun...