BEAM is a privacy-focused blockchain that employs Mimblewimble and Lelantus-MW technologies to enable confidential cryptocurrency transactions while ensuring network scalability. It provides a solution for users seeking to keep transaction details private in an increasingly transparent digital currency landscape.
Funding
$7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing blockchain technologies often lack sufficient privacy measures, making transaction details and user identities vulnerable to exposure. This transparency can deter users who require confidentiality for their financial activities.
Solution
BEAM is a cryptocurrency that focuses on providing confidential decentralized finance (DeFi) solutions through the implementation of the Mimblewimble protocol. This protocol conceals transaction values and metadata, reducing blockchain bloat and improving scalability. The integration of LelantusMW further enhances privacy and anonymity. BEAM aims to give users complete control over their financial data, allowing them to engage in secure and private transactions.
Target Audience
BEAM targets users who prioritize privacy in their financial transactions, including individuals, businesses, and developers seeking to build confidential DeFi applications.
Features
- Employs Mimblewimble and LelantusMW protocols for confidential transactions
- Supports confidential assets, enabling the creation and trading of private tokens
- Compatible with confidential DeFi applications, including stablecoins, NFTs, and AMMs
- Offers a confidential DEX for private trading of BEAM and other assets
- Features confidential smart contracts through the Beam Virtual Machine (BVM)
- Provides user-friendly wallets for desktop, mobile, and web, with interactive and send-and-forget transaction options
- Uses the BeamHash III consensus algorithm for efficient GPU mining
- Includes atomic swap functionality for trustless peer-to-peer exchanges with other cryptocurrencies