Beam is a private, scalable cryptocurrency, a part of the Beam blockchain. It is based on the Mimblewimble protocol. One of the important things to know is that Beam is very privacy-focused. There is good news for users who prefer not to save transaction history, with Beam it is not necessary. This makes a blockchain smaller and also helps to reach better scalability.
The Mimblewimble protocol was released in 2016. The author is unknown. This protocol has a rather interesting name. It is called after one of spells from the Harry Potter series.
Beam has been implemented from scratch by a team of developers with extensive experience in modern C++ system programming.
Beam integrates different types of transactions, such as escrow and time-locked transactions, and atomic swaps.
Beam has no premine and no ICO.
It is maintained by a non-profit foundation. There is a block reward mechanism that helps to reward the team and the foundation.
In 2016 someone under the nickname Tom Elvis Jedusor published the Mimblewimble white paper. It seemed that the proposal could optimize the existing Bitcoin protocol. Some time later two projects based on this protocol appeared. One of them was Beam.
The team started to develop an idea of Beam as a unique project based on the Mimblewimble protocol in 2018. The Crypto World is very concerned about ways to provide privacy. The Beam project is one of these which provide their response to users' concerns. And it was launched at the very beginning of 2019.
The main idea of Beam developers is that privacy, in fact, is one of the human rights. The problem is that it is not fulfilled by the technologies in use. And they decided to find a way to turn it around.
Let’s say you want to buy Beam. What should you do? We suggest you go to the SimpleSwap homepage and follow the instructions below:
This is everything you need to know to buy BEAM.