Informations

0.04662122

USD

Rank #1108


WebSite : Beam.mw
Whitepaper : Docs.beam.mw
Domain Age : Data not found or unavalaible

  • 24 hours

    -7.76%

  • 30 days

    -47.93%

  • ATH

    -99.53%

BEAM Ratings Score

Last score update : 8 hours ago

BEAM Price live today

BEAM (BEAM) is currently trading at 0.04662122 USD and with a circulating supply of 132,674,080 BEAM.
Its market capitalization is 6,206,603 USD.
BEAM price has moved -7.76% in the last 24 hours, with 435,651 USD worth of BEAM traded on various exchanges.
BEAM currently ranks #1108 in cryptocurrency rankings based on market capitalization.

About BEAM (BEAM)

Beam Mimblewimble is a scalable, fungible, and confidential cryptocurrency based on the Mimblewimble implementation.

WHY BEAM?
Core features include complete control over your privacy, All transactions are private by default, No addresses or other private information are stored on the blockchain, Superior scalability due to compact blockchain size, Opt-in Auditability, Support online and offline transactions, atomic swap, hardware wallets integration.

Governance model
No premine, No ICO. Backed by Treasury
Establishing a non-profit foundation to govern the protocol after Mainnet launch


How does it work?
Wallets’ owners create new transaction using secure channel either online or offline
Both wallets participate in signing the transaction using Schnorr protocol

Wallet sends transaction to node
Each transaction contains a list of Inputs and Outputs represented by Pedersen Commitments, as well as explicit fees and kernels. Each transaction also contains non-interactive zero knowledge range proof to verify that the output transaction value is positive

Transaction is verified by the node
Each transaction is verified with respect to the recent blockchain state which is stored as a Merkle Tree. The root hash of the tree is recorded in block header along with a proof of work. In addition, each node periodically creates compacted history to allow ‘fast sync’ of new and existing nodes.

Transaction is added to the mining pool
A block is mined every minute and is sent back to the node for verification and distribution.

Mined blocks containing the new transactions are sent to the known peers
A valid block that is extending the longest chain is accepted as a new Tip and propagated further until full consensus is reached.

Fast sync
When a new node connects to the network for the first time it can request compacted history containing only system state and blockchain headers. There is no need to retrieve the entire transaction history.