Although similar, BEAM differs from Grin in several important ways, including its monetary policy, mining, community, and overall governance. Despite its promising features, Beam faces challenges like user adoption and overcoming technical hurdles. Success in these areas will be crucial for Beam to realize its full potential across its targeted use cases. Beam is one of the very first full Mimblewimble implementations, and if carried off successfully it brings substantial improvements in efficiency and privacy. Future plans from the project include even more innovations meant to improve the overall privacy of the cryptocurrency space. The Beam wallet is pretty intuitive to use and has a host of features.

BEAM Price Chart US Dollar (BEAM/USD)

• The blockchain is used to store just the commitment, which only becomes relevant when wallets need to engage in a transaction.
• Beam supports creating Confidential Assets, which are private by default, just like Beam itself.
• Mimblewimble is based on the Bitcoin protocol, but modified to improve privacy and the efficiency of the network.
• According to CoinMarketCap, BEAM exchange rate peaked on January 28, 2019 – it reached $3.18.
• This will allow authorized auditors to see the full list of transactions and any relevant documentation.
• The Beam network operates with $BEAM as its native crypto asset, essential for transactions and interactions within its ecosystem.
• The Beam development team consists of roughly 20 individuals as of this writing, as well as an additional 13 advisors to the project.

To solve this issue, BEAM came up with innovative ways of increasing the anonymity of transactions, address balances and user identities. Two weeks ago SunPump flipped Pump.fun in daily meme coins created, a sign it had stolen the attention of traders. Pump.fun started to fall out of favor after the creation of SunPump, a similar protocol created by Justin Sun on the Tron network, with a number of degen traders migrating from Solana to Tron. Now, you can join contests, ace quizzes, read exclusive crypto insights, and unlock your potential in the cryptocurrency world with us. With a potential surge, this altcoin may record a new All-time High (ATH) of $0.149 by 2030.

Beam’s Privacy and Security

This is part of Beam’s broader vision to create a comprehensive ecosystem that supports a variety of blockchain-based applications and services. The $BEAM token serves as the native crypto asset for the Beam network, a gaming network empowered by the Merit Circle DAO. Beam is an ecosystem where gamers and developers come together to shape the future of the gaming industry.

BEAM Quarterly Returns

It is utilized for transaction fees, interactions with smart contracts, and as a governance token within the Merit Circle DAO. Beyond gaming, Beam’s potential applications are vast, ranging from finance to the medical industry. Its focus on confidentiality through privacy-centric blockchain technology makes it a suitable choice for industries dealing with sensitive information.

BEAM has a capped total supply, so miners should expect halvings – that is a decrease in reward. According to CoinMarketCap, BEAM exchange rate peaked on January 28, 2019 – it reached $3.18. It’s interesting that at the end of June the coin rate came pretty close to the max value. Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance.

BEAM using POW consensus algorithm called Proof of Work to secure its network and validate transactions. As POW crypto coin, new BEAM’s are generated through the mining process, so new assets are created on each block. There are currently approx 114.6 M BEAM coins left that aren’t in circulation yet from the maximum supply of 262.8 M. Beam’s inception What is BEAM coin is rooted in the ambition to redefine gaming experiences through the integration of blockchain technology, offering a decentralized and immersive environment for gamers and developers alike. The founders envisioned a platform where the gaming community could actively participate in shaping the ecosystem, facilitated by the Beam SDK.

The circulating supply of $BEAM tokens is dynamic, influenced by factors such as token migration, vesting, and the DAO’s buyback and burn mechanisms. This reflects the project’s commitment to adapting its tokenomics to the evolving needs of its community and ecosystem. This is the native crypto asset used within the Beam network to pay for transactions. This not only includes transfers of assets but also involves all interactions with smart contracts on the Beam network, facilitating a seamless, immersive gaming experience. Like Bitcoin, Beam is a Proof-of-Work blockchain, which allows miners to receive rewards for contributing computing power to the network. Beam uses a modification of the Equihash algorithm called Beam Hash II for consensus, calling it a GPU-friendly and stable solution that will lead to equitable distribution of BEAM coins.

• The main Mimblewimble feature is the ability to get rid of the major part of data about old transactions.
• The future development of the projects will provide some unique innovation in the broader cryptocurrency narrative toward’s better privacy.
• Cooling interest in Solana meme coins over the past week has also spread to tokens not created using the Pump.fun meme coin factory.
• Currently, a GUI wallet for users is available on MacOS, Windows, and Linux.

As part of a broader Beam Compliance Initiative there is a focus on third-party services to provide country specific regulation compliance. The initial block reward is 80 BEAM, and this will halve roughly every 4 years until it reaches zero in roughly 2152. As a final privacy feature, Beam utilizes the Secure Bulletin Board System which permits the exchange of secure encrypted messages between wallets, even if they are not online at the same time. To add even better privacy protections, Beam has implemented the Dandelion Protocol too. You can also find this privacy protection implemented in such blockchains as ZCoin, where it is used to lower the probability that personal data can be linked to addresses and transactions.