Details

Last Funding Type

Initial Coin Offering

Industries

Blockchain,Cryptocurrency,Privacy

Founded date

Mar 1, 2018

Number Of Employee

11 - 50

Operating Status

Active

Legal Name

Beam Development Limited

Also Known As

Beam Privacy

BEAM is a next-generation confidential cryptocurrency based on an elegant and innovative
Mimblewimble protocol.
Things that make BEAM special include:

• Users have complete control over privacy - a user decides which information will be available
and to which parties, having complete control over his personal data in accordance with
his will and applicable laws.
• Confidentiality without penalty - in BEAM confidential transactions do not cause bloating
of the blockchain, avoiding excessive computational overhead or penalty on performance
or scalability while completely concealing the transaction value.
• No trusted setup required.• Blocks are mined using Equihash Proof-of-Work algorithm.
• Limited emission using periodic halving with a total amount of coins ~250 million.
• No addresses are stored in the blockchain - no information whatsoever about either the sender or the receiver of a transaction is stored in the blockchain.
• Superior scalability through compact blockchain size - using the “cut-through” feature of
Mimblewimble makes the BEAM blockchain orders of magnitude smaller than any other blockchain implementation.
• BEAM supports many transaction types such as escrow transactions, time-locked
transactions, atomic swaps and more.
• No premine. No ICO. Backed by a treasury, emitted from every block during the first five
years
• Implemented from scratch in C++ by a team of professional developers