Question

what is Beam

Answer 1

Beam (BEAM) is a privacy-focused cryptocurrency that operates on a combination of two blockchain protocols: LelantusMW and Mimblewimble. Let’s explore its unique features:

1. Privacy and Anonymity:

   • Beam was created to address privacy concerns in blockchain transactions.
   • Unlike early public-blockchain cryptocurrencies (such as Bitcoin), Beam ensures confidentiality by concealing transaction details, address balances, and user identities.
   • User addresses are kept confidential at all times and are never disclosed to third parties.

2. Mimblewimble Protocol:

   • Beam runs on the Mimblewimble protocol, which focuses on scalability, privacy, and compact transaction history.
   • Mimblewimble allows for confidential transactions without revealing transaction amounts or sender/receiver addresses.

3. Innovative Solutions:

   • Beam’s blockchain was built from scratch using the C++ programming language.
   • It supports various types of custom transactions, including escrow, atomic swaps, and time-locked transactions.

4. Founders and Team:

   • The Beam team includes:
     • Alexander Zaidelson (CEO): A software developer and advisor to startup projects.
     • Alex Romanov (CTO): Experienced in complex project development.
     • Amir Aaronson (COO): Co-founder of several technological companies.

5. Supply and Circulation:

   • Beam has a maximum supply of 262,800,000 tokens.
   • As of February 2021, approximately 81,970,000 BEAM tokens are in circulation.

6. Where to Buy BEAM:

   • BEAM can be traded on major cryptocurrency exchanges such as Binance, BitForex, and Gate.io.

Remember, Beam’s focus on privacy and confidentiality makes it an interesting project in the crypto space!  For real-time price information, you can check CoinMarketCap’s Beam page1.