Beam (BEAM) is a cryptocurrency that allows users to conduct transactions completely privately without the need for an intermediary encryption protocol, utilizing the privacy-focused MimbleWimble technology. Like Bitcoin, BEAM has a limited supply with block rewards halving at regular intervals, and its price is expected to increase in the long term.
BEAM Coin, which was not introduced to the market through an ICO or pre-mining, was initially supported by a reserve and has been produced by mining each block during the first five years. BEAM Coin wallets, programmed with a modern C++ system, offer various features.
The features offered by BEAM Coin include completely private atomic swap transactions, the ability to receive payment proofs, full privacy with the Lelantus update, the Confidential Assets feature which allows users to launch their own tokens, and the Laser Beam feature for instant payments.
The main goal of BEAM and its team is to create a privacy-focused financial ecosystem and to help users achieve financial freedom. The aim is to enable users to achieve and maintain privacy in any cryptocurrency they desire through atomic swaps and privacy features.
At the time of writing this article, BEAM is ranked 416th with a unit price of $0.6649, and it is reported that the total supply is 81.882 million. The highest price BEAM has reached is $3.21. BEAM Coin can be purchased through Binance, the world’s largest cryptocurrency exchange, and the BEAM/USDT trading pair is observed as the most liquid BEAM pair globally.