#638. Beam (BEAM)
Price of 1 Beam (BEAM) = $0.43 AUD
Beam Mimblewimble is a scalable, fungible, and confidential cryptocurrency based on the Mimblewimble implementation. WHY BEAM? Core features include complete control over your privacy, All transactions are private by default, No addresses or other private information are stored on the blockchain, Superior scalability due to compact blockchain size, Opt-in Auditability, Support online and offline transactions, atomic swap, hardware wallets integration. Governance model No premine, No ICO. Backed by Treasury Establishing a non-profit foundation to govern the protocol after Mainnet launch How does it work? Wallets’ owners create new transaction using secure channel either online or offline Both wallets participate in signing the transaction using Schnorr protocol Wallet sends transaction to node Each transaction contains a list of Inputs and Outputs represented by Pedersen Commitments, as well as explicit fees and kernels. Each transaction also contains non-interactive zero knowledge range proof to verify that the output transaction value is positive Transaction is verified by the node Each transaction is verified with respect to the recent blockchain state which is stored as a Merkle Tree. The root hash of the tree is recorded in block header along with a proof of work. In addition, each node periodically creates compacted history to allow ‘fast sync’ of new and existing nodes. Transaction is added to the mining pool A block is mined every minute and is sent back to the node for verification and distribution. Mined blocks containing the new transactions are sent to the known peers A valid block that is extending the longest chain is accepted as a new Tip and propagated further until full consensus is reached. Fast sync When a new node connects to the network for the first time it can request compacted history containing only system state and blockchain headers. There is no need to retrieve the entire transaction history.
BEAM Price Analysis
The price of BEAM has gone down -2.83% in the past 24 hours.
Beam (BEAM) is a cryptocurrency. Users are able to generate BEAM through the process of mining. Beam has a current supply of 71,094,920. The last known price of Beam is $0.306339 USD and is down -0.13% over the last 24 hours. It is currently trading on 39 active market(s) with $4,659,700.987 traded over the last 24 hours. More information can be found at https://www.beam.mw/.
Information & prices last updated 33 minutes ago. For latest Beam prices and information visit coinmarketcap.com
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