Introduction
Beam is a privacy-focused and scalable cryptocurrency founded on the innovative breakthroughs of the MimbleWimble protocol and was the first privacy coin to implement it. Beam has a market capitalization of roughly $27 million USD and was launched in March 2018, which is considerably younger than more established privacy coins such as Monero and Zcash in the dynamic and fast-paced cryptocurrency world.
Key Features
Wallets & Exchanges
- 3 desktop wallets
- contains more advanced features for experienced users
- 1 web wallet
- user-friendly and simple
- 1 mobile wallet
- user-friendly and simple
Comparison to Bitcoin
- Beam offers a much more scalable blockchain than Bitcoin
- Expected to be 30% of Bitcoin’s blockchain size when Beam reaches same scale
- Mining Rewards
- 100% of block reward for Bitcoin miner
- 80% of block reward given to Beam miner, other 20% goes to the Beam Growth Pool for developmental purposes