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Beam is an anonymous privacy-oriented cryptocurrency based on the Mimblewimble protocol. Its transactions are private and anonymous by default.
Mimblewimble is a framework people can use to build privacy cryptocurrencies. It consists of several key elements, each of which grants a certain type of privacy. For example, one element hides transaction amounts and coin histories while another conceals wallet addresses. These individual elements were separately designed for Bitcoin originally, but Mimblewimble was the first to put them all together in a way that they could work together. The result wasn’t compatible with Bitcoin though, which is why Beam was created from scratch.
Privacy is a highly desirable feature for digital currency in a quickly changing world. At the same time, a completely anonymous digital currency is unlikely to receive a warm welcome from regulators. Beam, with its opt-in disclosure modes, is an effort to solve this.
BEAM is the privacy coin native to the Beam protocol
BEAM (BEAM) is the 756th largest cryptocurrency in the world by market cap, valued at $16,732,871. The current price of BEAM is $0.20746342, which is 5.042% higher than yesterday. Prices have ranged between $0.22149586 and $0.18154842 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 19, 2022 07:05 UTC.
| Coin symbol | BEAM |
|---|---|
| Coin Marketcap | AUD$16,732,871 |
| Total BEAM supply | 262,800,000 |
| Circulating BEAM | 114,529,480 |
| Current price | AUD$0.20746342 |
| All time high | AUD$20.2208 |
| All time high date | January 04, 2019 |
| Notable team members | Alexander Zaidelson, Alex Romanov, Amir Aaronson. |
| Industry | Privacy coins |
| Token uses | Governance, digital currency, utility token |
| Network | Beam |
Historical prices compared with the price of $0.20746342.
| 1 hour | -0.64% |
|---|---|
| 24 hours | 5.04% |
| 7 days | 30.55% |
| 14 days | -47.09% |
| 30 days | -57.40% |
|---|---|
| 60 days | -59.39% |
| 200 days | -79.52% |
| 1 year | -88.75% |
![How Bitcoin’s [BTC] consolidation phase can yield profits for traders](https://images.cryptocompare.com/news/default/ambcrypto.png)
Disclaimer: Cryptocurrencies, including BEAM, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BEAM is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the BEAM or any other cryptocurrency discussed.
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