Homepage:
https://www.beam.mw/
Twitter: beamprivacy
Telegram: BeamPrivacy
Reddit: beam
BEAM (BEAM) Price
BEAM
$0.064368
Market cap
11,158,409.0
Total volume
207,795
Circulating supply
173,598,450
Total supply
262,800,000
THE REASON TO CHOOSE BEAM?
Primary attributes incorporate full privacy control, with all transactions being confidential by default. It ensures that no addresses or personal data are recorded on the blockchain. Furthermore, its outstanding scalability is achieved through a reduced blockchain size, accompanies by features like Opt-in Auditability, the capability for both online and offline transactions, atomic swaps, and integration with hardware wallets.
Governance Structure
There’s no premine or ICO. Funding is secured through a Treasury.
A non-profit foundation is in the works to oversee the protocol once the Mainnet is live.
Operation Mechanism
Transaction initiation occurs through a secure channel by the wallet owners, whether they're online or offline.
The transaction signing process employs the Schnorr protocol by both participating wallets.
Transaction dispatch to node
Each transaction comprises Inputs and Outputs shown through Pedersen Commitments, alongside explicit fees and kernels. Furthermore, it includes a non-interactive zero-knowledge range proof ensuring the transaction output value is positive.
Node’s transaction verification
The verification of each transaction is done against the latest blockchain state, maintained as a Merkle Tree. The block header captures the tree's root hash along with a proof of work. Moreover, nodes generate a compacted history periodically to facilitate the 'fast sync' for new and existing nodes.
Inclusion in the mining pool
A block is mined every minute, thereafter it's returned to the node for verification and dissemination.
Distribution of mined blocks
A valid block that extends the longest chain is adopted as the new Tip and is distributed further, ensuring full consensus is achieved.
Efficient Synchronization
A new node joining the network can request a compacted history that includes only the system state and blockchain headers, eliminating the need for downloading the entire transaction history.
Explore more
Popular
What Is Cloud Mining, How Does It Work and The Best Services
Probably many crypto enthusiasts have wondered, "If only there was a way to easily mine cryptocurrency with no need to buy expensive rigs". Well, there is a way to do it. In this article we will explore such a phenomenon as cloud mining, whether it is actually an ideal alternative to mining, whether it is a scam, and also take a look at a few sites and companies that provide cloud mining services.
News
HowTo
