BEAM is a privacy-focused cryptocurrency project. It aims to provide its users with a high level of privacy and security while also maintaining a high degree of scalability and usability. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (BEAM/USDT – Trade it here) on our Innovation Zone, check it out now!
What is BEAM?
BEAM is a privacy-focused cryptocurrency project that was launched in early 2019. It is designed to be a scalable, confidential, and user-friendly digital currency that is based on the Mimblewimble protocol, which was first introduced in 2016.
The primary goal of BEAM is to provide users with a high level of privacy and security while also maintaining a high degree of scalability and usability. BEAM achieves this through its implementation of several innovative technologies.
What are The Key Features of BEAM?
Privacy and Confidentiality
Privacy is one of the primary features of BEAM. The Mimblewimble protocol allows for the aggregation of transactions, which means that transaction amounts remains confidential. It is not possible to determine the sender or receiver of a transaction, and this provides a high degree of privacy and security to BEAM users. The confidentiality of transactions is ensured by the use of confidential transactions, a cryptographic technique that obscures the amount being transacted while still allowing the network to verify the transaction’s validity. This means that BEAM users can conduct their transactions with the assurance that their financial activity is kept private.
Mimblewimble Protocol
The Mimblewimble protocol is a blockchain protocol that improves the privacy and scalability of cryptocurrencies. Mimblewimble enables the aggregation of transactions, which reduces the size of the blockchain and improves privacy. In addition, Mimblewimble eliminates the need for addresses, and instead, transactions are signed by the sender and receiver with their private keys. This provides an additional layer of privacy to BEAM users, as it is not possible to determine the sender or receiver of a transaction.
Atomic Swaps
BEAM also allows for atomic swaps, which enable users to exchange BEAM for other cryptocurrencies without the need for a centralized exchange. Atomic swaps are a trustless way of exchanging cryptocurrencies, and they ensure that the exchange is conducted securely and without the need for intermediaries. Atomic swaps are particularly useful for users who want to trade BEAM for other cryptocurrencies without going through a centralized exchange, which can be prone to hacks and security breaches.
Mobile and Desktop Wallets
BEAM provides both mobile and desktop wallets that are user-friendly and easy to use. These wallets allow users to store and transact BEAM in a secure and user-friendly manner. The BEAM wallets come with privacy and security in mind, and they incorporate features such as two-factor authentication and multi-signature support to ensure that users’ funds are safe and secure.
Is BEAM a Good Investment?
Overall, BEAM is an innovative and promising project that offers unique features and technologies that distinguish it from other cryptocurrencies. Therefore, it has the potential to grow bigger. However, like any other investment or financial decision, it is important to do your own research and due diligence before making any investment decisions. This is not financial advice.
Where to buy BEAM Token
You can find BEAM Token here at MEXC! We are listing BEAM/USDT in our Innovation Zone!
What is the Price of BEAM Tokens?
BEAM token is currently trading at $0.04399 per unit. It has a market cap of 5,847,724 and a fully diluted market cap of $11,559,395. It also has a 24-hour trading volume of $430,049. You can check the live price of their token right here!
How to buy BEAM Tokens
You can buy BEAM Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “BEAM” using the search bar to see the available trading pairs. Take BEAM/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of BEAM you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy BEAM] to confirm your order. You will find the purchased BEAM in your Spot Wallet.
You can find a detailed guide on how to buy BEAM Tokens here.
Keep Yourself Updated With The Crypto Trend
Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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