Back to Organizations
Beam
Beam is a privacy-focused cryptocurrency that utilizes Mimblewimble to provide confidential transactions by default. This allows for scalability, reduced blockchain bloat, and enhanced fungibility without trusted setup.
Distributed
Description
Beam is a privacy-focused cryptocurrency that utilizes Mimblewimble to provide confidential transactions by default, allowing for scalability, reduced blockchain bloat, and enhanced fungibility without a trusted setup. It operates on a proof-of-work model with the ASIC-resistant Equihash algorithm, ensuring long-term sustainability through periodic halving and an initial treasury emission. Beam implements leading research in Confidential Transactions, Bulletproofs, and Dandelion++ for privacy and scalability, enabling complex logic like time-locked transactions and atomic swaps. The platform supports standard privacy transactions and maximum anonymity set transactions. Users can bridge, create, transact, and trade assets, including private stablecoins and NFTs, on Beam's blockchain. Its ecosystem includes a Uniswap-like AMM for confidential trades and Atomic Swaps with assets like BTC, LTC, QTUM, DASH, and DOGE. Beam's Virtual Machine enables confidential dApps using WASM execution, with Contract Shaders for business logic and App Shaders for wallet integration.Grant Funding
VC Funding
None
2024
$0
$72M