BEAM token review: Information, History and Analysis

BEAM Coin is a highly scalable anonymous cryptocurrency that operates on the Mimblewimble protocol. This coin is used for the platform of the same name with the aim of exploring decentralized finance with high security.

If you want to learn more about BEAM Coin as well as the platform that created this coin, please follow the following content from AZcoin.

What is Beam?

To start, let’s talk a little about the Beam platform. According to research, this is an anonymous blockchain platform developed by Merit Circle DAO. This platform’s goal is to focus on bringing privacy and personal data security to users at the highest level.

To do that most effectively, Beam used two main protocols, Mimblewimble and Lelantu. Thanks to this, the platform can provide anonymous and scalable transactions while not storing user addresses on the blockchain.

With the above development direction, it can be seen that Beam is a platform that allows users to freely choose what personal information they want to share.

Does Beam have anything special?

The most notable special features of the Beam platform are:

• Privacy and security: Beam keeps the information and value of transactions private, ensuring all transactions within the platform are private and users have full control over their data.
• Confidential Assets: Beam allows tokenization of many different types of assets on its platform and at the same time keeps information about asset transactions confidential.
• Scalability: The cut-through feature in Mimblewimble eliminates redundant outputs within the same block, freeing up space and maintaining security.
• Flexibility: Beam supports many different types of transactions depending on user needs and at the same time keeps these transactions confidential.
• Audit feature: Beam allows individuals or businesses to report financial history to auditors or any third party in a secure and verifiable way.

Besides, if you have time, we would like to suggest you check out other interesting content such as FLOW Coin, Flare Coin, Wormhole,…

Who developed and investors of Beam?

Development team

Information about key members contributing to the formation and development of Beam includes:

• Alexander Zaidelson: CEO of the project, worked as VP of Product at WeFi, director at CIRTech VC, and an advisor to several startup projects.
• Alex Romanov: Project CTO, worked on many complex projects by large distributed teams.
• Amir Aaronson: COO of the project, has extensive experience in the field of cryptocurrency encryption technology, and is a co-founder and manager of several startup technology companies.

Besides the above members, the project also has the participation of many advisors, all of whom are talented people such as Marshall Ball, Stas Oskin, Tal Cohen,…

Investors

Theo tìm hiểu dự án Beam có cho mình sự đầu tư hỗ trợ từ rất nhiều cái tên lớn như Node Captial, Continue Capital, Lemniscap,…

What is BEAM Coin?

BEAM Coin is currently the official cryptocurrency for the Beam platform, used for work or payment for services on the platform.

Specifications

• Token Name: Beam Coin
• Ticker: BEAM
• Blockchain: Beam blockchain
• Token Standard: ERC-20
• Contract: 0x99dcbf7521147ae9fd3461287e3d3c12160ffc1a
• Token Type: Utility and Governance
• Total Supply: 262.800.000 BEAM
• Circulating Supply: 90.110.600 BEAM

BEAM Coin Use Case

BEAM Coin is designed for use in the following cases:

• Rewards for miners to confirm transactions as well as improve security.
• Pay transaction fees, trade, create, and execute smart contracts.
• Used as a means of anonymous transactions.
• Create and exchange Confidential Assets on the Beam platform.

Where can BEAM be traded?

Investors who want to trade and buy BEAM Coin are currently quite simple because this currency has been listed on many major exchanges.

Some of the best crypto exchanges we can recommend to you are MEXC, Gate.io, CoinW, CoinEx, Uniswap,…

Where can BEAM be stored?

To be able to store BEAM Coin most safely, we encourage you to use the platform’s official e-wallet, Beam Wallet.

Besides, you can also use other e-wallets to store BEAM Coin if you want. Some suggestions include MetaMask, Coin98 Wallet, Trust Wallet,…

Conclusion

Here is all the information we have shared about BEAM COIN with you in this content. If you have any other questions, don’t hesitate to contact AZcoin.