Beam

Beam

Beam
$1.08
+1.30%
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  • Market Cap
    $43,133,223
  • 24h Vol (Global)
    ฿272 ($2,032,047)
  • Circulating Supply
    39,989,200
  • Issue Date
    2019-01-03
  • Issue Price
    -
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
262,800,00039,989,2002019-01-03-
PoW1
explorer.beam.mw
2
beamprivacy.community
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
262,800,000Beam Hash IIhttps://github.com/BeamMW/beamhttps://www.beam.mw/COIN

Beam is a scalable, privacy-oriented cryptocurrency based on the elegant breakthroughs of the Mimblewimble protocol, which completely conceal the values and metadata of transactions, in a prunable way which also reduces bloating on the blockchain. In addition to enhanced privacy and fungibility, this allows for much greater scalability. None of the cryptographic protocols used in Beam require a trusted setup. Beam uses Beam Hash Proof-of-Work algorithm, a memory-hard challenge based on Equihash, which gives an early advantage to over-the-counter GPU miners. Like Bitcoin, scarcity is ensured by periodic halving. Complex transactions are possible, such as escrows, time-locked transactions, atomic swaps and more. Beam has no premine nor conducted an ICO. Backed by a treasury, emitted from every block during the first five years. Beam is being implemented from scratch by developers with years of experience in modern C++ system programming. Beam strives to become best-in-class Privacy Coin with focus on fungibility and great user experience. Beam strategic roadmap also includes opt-in compliance which will allow for wider institutional use.

Introduction

Beam is a scalable, privacy-oriented cryptocurrency based on the elegant breakthroughs of the Mimblewimble protocol, which completely conceal the values and metadata of transactions, in a prunable way which also reduces bloating on the blockchain. In addition to enhanced privacy and fungibility, this allows for much greater scalability. None of the cryptographic protocols used in Beam require a trusted setup. Beam uses Beam Hash Proof-of-Work algorithm, a memory-hard challenge based on Equihash, which gives an early advantage to over-the-counter GPU miners. Like Bitcoin, scarcity is ensured by periodic halving. Complex transactions are possible, such as escrows, time-locked transactions, atomic swaps and more. Beam has no premine nor conducted an ICO. Backed by a treasury, emitted from every block during the first five years. Beam is being implemented from scratch by developers with years of experience in modern C++ system programming. Beam strives to become best-in-class Privacy Coin with focus on fungibility and great user experience. Beam strategic roadmap also includes opt-in compliance which will allow for wider institutional use.

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