Beam Review: Next Best Privacy Coin?

0
159

โ–บ Complete Review: https://www.coinbureau.com/review/beam-coin/
โ–บ FREE Giveaway: https://www.coinbureau.com/promo/giveaway

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

โ›“๏ธ ๐Ÿ”— Helpful Links ๐Ÿ”— โ›“๏ธ

โ–บ Website: https://beam.mw/
โ–บ Whitepaper: https://docs.beam.mw/Mimblewimble.pdf
โ–บ Position Paper: https://docs.beam.mw/BEAM_Position_Paper_v0.2.3.pdf
โ–บ GitHub: https://github.com/BeamMW/beam
โ–บ Documentation: https://documentation.beam.mw/

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

๐Ÿ“ฑ๏ธ Socials ๐Ÿ“ฑ

โ–บ Official Blog: https://medium.com/beam-mw
โ–บ Twitter: https://twitter.com/beamprivacy
โ–บ Telegram: https://twitter.com/beamprivacy
โ–บ Community Site: https://beamprivacy.community/

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

๐Ÿ“ Project Overview ๐Ÿ“

Beam is a privacy-oriented, open-source cryptocurrency that focuses on scalability using the Mimblemwimble protocol.

In addition to privacy, Beam boasts features that include opt-in auditability, sustainability, and versatility.

The network can perform 17 transactions each second, which is much faster than Bitcoin and other more noteable privacy cryptocurrencies.

โš™๏ธ Technology โš™๏ธ

The MimbleWimple protocol integrates several concepts into one hybrid blockchain. This creates a network that offers improved privacy and efficiency. As a result, the two areas addressed by the MimbleWimble protocol are scalability and privacy.

For performance and scalability, MimbleWimble removes unnecessary transactions while simultaneously combining intermediary transactions

Using the MimbleWimble protocol means Beam has access to the โ€œcut-throughโ€ features which are what makes scaleability a reality with the project.

๐Ÿ’ฐ๏ธ Token ๐Ÿ’ฐ

Beam held no crowdsale or pre-mine although they are rewarding their initial investors through the coin emission.

Beam has a supply of nearly 263 million tokens, which the project uses on a deflationary emission schedule. This is based on block rewards during halving events, along the same lines as Bitcoin.

Beam is also attempting attempting to stave off the threat of ASIC miners by tweaks in its algorithm. This will be for the first 18 months of its development.

๐Ÿ‘จโ€๐Ÿ’ป๏ธ Team, Partners & Development ๐Ÿ‘จโ€๐Ÿ’ป

CEO Alexander Zaidelson began his career working in software development. He founded both Wikitup and Nareos, and eventually served as the VP of Product at WeFi.

Alex Romanov is Beamโ€™s CTO, and comes from a background involving several complex projects while managing large R&D teams

There appears to be quite a bit of activity in Beam’s GitHub repositories which shows that they have been pushing code.

Still left to do on their upcoming roadmap are the following:

– Multisig capabilities
– Support for Trezor and Ledger hardware wallets
– Creation of a decentralized marketplace in the Beam wallet which will allow for Atomic Swaps
– Initial Features of the Opt-in audit

๐Ÿ“ˆ Trading & Wallets ๐Ÿ“ˆ

Beam is available on many different exchanges, doing over $1 million in daily trading on platforms like Hotbit, BW.com, DragonEx, and CoinSuper.

You can trade Beam against BTC, ETH, and USDT on most of these exchanges. The trading books of Beam arenโ€™t as deep as they are for more popular coins, it still does over $100,000 in trading with BTC.

For storage, Beam has their own proprietary wallet. Itโ€™s available on macOS, Linux, Windows, Android, and iOS.

Trezor integration is also in the works and will be imminently launched.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

๐Ÿ“œ Disclaimer ๐Ÿ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Beam #MimbleWimble #crypto #Privacy #Review #Grin #Monero #Zcash #blockchain #cryptomining #trading #cryptocurrency

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here