Scalable and confidential cryptocurrency based on the MimbleWimble protocol
Beam is one of the early adopters for the famous MimbleWimble protocol. It’s a scalable and confidential blockchain for privacy-oriented users. Beam uses Proof-of-Work as the network consensus, and combined with MimbleWimble, Beam’s blockchain bloating was reduced and scalability is also improved.
The combination of the consensus and protocol make transactions to be private and removing the necessity to store addresses on the blockchain. Beam releases its own token called BEAM. The token has two forms of utility, a medium of exchange and a store of value. BEAM is also designed to be a deflationary coin with a capped supply. Halving is done every four years and emission will stop after 133 years.