BEAM is a privacy coin based on the Mimblewimble blockchain design. Mimblewimble implements a proof-of-work algorithm that allows transactions to stay private. Due to smaller amounts of information involved, transactions are faster and lead to better scalability.
BEAM launched in January 2019. They raised around $5.2 million via private coin sales. It’s a deflationary cryptocurrency, with its supply halving every four years. It’s used as an exchange medium and a confidential store of value.
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