It was conducted between July to September 2018, raised a total of 2.02MM USDT at $0.64 per coin, selling 1.20% of the total token supply. Private Sale 1 tokens make up 2.40% of the total token supply. It was conducted between May to June 2018, raised a total of 2.02MM USDT at $0.32 per coin, selling 2.40% of the total token supply.

Mining Rewards tokens make up 88.00% of the total token supply. Beam Foundation tokens consist of 2.40% of the total token supply. Offline transactions are not a given on any Mimblewimble implementation as by nature this protocol is interactive. Offline transactions are enabled through the Lelantus MW protocol implemented on Beam on the 5.1 wallet version.

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Beam is a privacy coin that aims to explore confidential DeFi. It utilizes the Mimblewimble protocol which conceals the values and metadata of transactions, while reducing blockchain bloating and improving scalability. With the latest implementation of LelantusMW it aims to bring privacy and anonymity in all fronts. Beam is a scalable, private cryptocurrency based on both the MimbleWimble and LelantusMW protocols that aims to explore the world of confidential Decentralized Finance . Many blockchain enthusiasts consider privacy to be paramount.

Beam provides easy-to-use guides on creating Confidential Assets. When you no longer need to maintain the assets on Beam, you can liquidate them and claim back your 3,000 BEAM deposit. The longer the lock time, the more secure your transaction will be from a privacy point of view.

The MW blockchain design alters the course that the traditional models of blockchains have followed to perform transactions. It offers an easier and faster way to download data that is also made more compact and convenient to synchronize and verify. Before delving deeper into the peculiarities of the Beam cryptocurrency and its features, let’s have a quick look at what the Mimblewimble privacy technology is all about. Additionally, holders of BEAM can swap their tokens via the Beam Atomic Swap functionality. This means users do not have to rely on a third-party exchange or other intermediaries.

About Beam

If you’re considering a purchase, take a moment to check out Kriptomat’s Recurring Buy program. This innovative portfolio-building service allows you to schedule automatic purchases on a weekly, bi-weekly, or monthly schedule. Many financial advisors recommend this strategy for building value in an investment portfolio. Recurring buys tend to moderate the effects of cryptocurrency price volatility. Many people find that small regular purchases are a great way to save funds for retirement or a major purchase with money they would otherwise spend thoughtlessly. After a new node becomes a part of the network for the first time, it can start working with compacted history only, i.e. the one containing information on system state and blockchain headers.

The transaction and address types above are used eloquently by Beam to provide very high levels of transaction confidentiality. All the information required for a transaction, e.g. addresses and amounts, is stored within the transacting wallets, and never publicly on the blockchain ledger. Most BEAM trading is done by buying and selling coins directly by individual investors. However, there are cryptocurrency funds listed on stock markets.

Use the calculator to convert real-time prices between all available cryptocurrencies and fiat. The market capitalization of BEAM is equal to the value of BEAM multiplied by the number of BEAM in circulation. In fundamental analysis, you examine economic, financial, political, and social factors that influence prices. You collect information about interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices. There are countless ways to analyze crypto performance and make a buying decision. Two of the most commonly used are technical analysis and fundamental analysis.

How does a Beam ATM work? Are Beam ATMs safe? Are Beam ATMs anonymous?

As such, the project hopes to provide high levels of privacy whilst retaining usability. The BEAM network is a completely decentralized connection of peer-to-peer nodes, which process transactions and record them on the blockchain. Anyone anywhere with internet and a computer can join the BEAM network by running a node. Any node can process transactions into blocks, which are added to the final blockchain by consensus of the network as a whole.

Find out BEAM price forecast with historical, fundamental and technical analysis. You are about to leave CryptoSlate in order to visit a cryptocurrency or ICO website. This link is provided solely for informational purposes and is not an endorsement in any way. We recommend that you exercise extreme caution and consult a registered investment advisor before taking any action. Beam’s top technological feat is combining privacy and scalability into one blockchain. This creates a network that can handle a high rate of transaction throughput while keeping all information encrypted.

Beam Privacy

However, the current objective of the Beam founders is to not remain constricted within the periphery of anonymous transactions. The Beam protocol team is aimed at creating a cryptocurrency that could be used for all sorts of use cases. Beam also has its confidential DeFi platform named BeamX implemented via Beam Shaders. The BeamX platform includes a rich ecosystem of price oracles, decentralized bridges, atomic swaps, and an in-wallet dApp store. This technology enables Beam to go beyond the mere transfer of value.

They play a key role in Beam’s implementation of yet another technological trump card in form of CoinJoin technology. In addition to removing personal information from the blockchain structure, each address on Beam has a regular expiration interval of 24 hours which is subject to changes through the wallet interface. Beam creators recommend their users to create new receiving address for each transaction. It has a circulating supply of 130 Million BEAM coins and a total supply of 263 Million. If you are looking to buy or sell BEAM, Hotbit is currently the most active exchange. Throughout much of its history on the market, BEAM coin has demonstrated remarkable stability for a crypto that is not a stablecoin.

Over 66% of the total Bitcoin supply hasn’t moved in the last one year, setting a record

Beam is a cryptocurrency based on the new MimbleWimble protocol. As the first MimbleWimble implementation to go live, Beam is an innovative cryptocurrency that offers base layer privacy. The token allows for multiple transaction types that include; time-locked transactions, atomic swaps, and escrow https://www.beaxy.com/ transactions. The Beam protocol was hard forked on August 15th, 2019 to upgrade its mining algorithm. The digital asset and protocol have been developed by Beam, a for-profit corporation. Eventually, funding for the digital asset and protocol will come from the Beam Foundation, a non-profit entity.

Beam raised a total of $7 million in Venture Capital over two funding rounds. The majority of this funding, $5 million, was raised in the first round from the company’s lead investor, Japan-based investment firm Recruit Strategic Partners. The remaining $2 million was raised in the second round from a total of 10 institutional and individual investors. Beam has announced plans to launch its suite of decentralized apps on the platform. The platform specifically noted gamesand DeFi apps as a priority.

No addresses are stored in the blockchain – no information whatsoever about either the sender or the receiver of a transaction is stored in the blockchain. This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. Many factors have had an impact on BEAM’s price history, including government regulations, technological developments, adoption by retailers and institutional investors, and market forces. If you want to get started with the fastest, easiest trading experience on the market, register with Kriptomat today and begin your journey into the world of BEAM and crypto investing.

BEAM’s price quote is based on transactions taking place at each exchange. The trading volume and liquidity are different for each exchange, and those differences affect the price. The BEAM exchange rate is decided by supply and demand GALA on cryptocurrency exchanges. When more people are buying BEAM than selling it, the price goes up.

The amount of BEAM mined is reduced by half every 4 years, from an initial reward of 80 per block. In the year 2152 the reward will be effecively 0, thus mining will end with no coins left to mine. 25% of the mining reward goes to the Beam Foundation, which helps fund further development and innovation.

The private keys to the Team and Foundation wallets are held in secured vaults with 24/7 security. Opening the vault requires physical keys from two of Beam’s core team members. The main differences are that there are 10 times more blocks and that BEAM’s first-year emission is 100 BEAM coins per block. The first halving occurs after 1 year, and then halvings occur every 4 years, 33 times in total. To improve scalability, the MimbleWimble protocol utilizes the Transaction Cut-Through mechanism. For Beam, the intermediate states of the blockchain are not saved.

BEAM is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, Gate.io, and CoinEx. The price of BEAM will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for BEAM market prices, please view the price charts on this page. BEAM is a confidential decentralized finance platform that runs on a combination of two blockchain protocols .

• In fundamental analysis, you examine economic, financial, political, and social factors that influence prices.
• This link is provided solely for informational purposes and is not an endorsement in any way.
• All the info on 19 Beam mining pools can be found on the Beam official website.
• At the time of the launch, it was decided that 20% of the overall block reward will go to a treasury governed by the founders of Beam, its investors, and the Beam Foundation members.

In addition to privacy, Beam aims to address the issue of scalability in order to secure the longevity of its “cryptoverse”. Transactions taking place with Beam are not supposed to create bloating of the blockchain. Its Mimblewimble protocol allows for the pruning of the old data which are considered irrelevant for the processing of the current transactions.

Beam’s push for better privacy protection with blockchain prompted it to implement the Dandelion Protocol as well. While Dandelion found its place in Grin as well, the Beam creators claim that only their platform supports adding decoy dummy inputs and outputs. Beam’s mission is to let users have complete control over their money.