Crypto Casino


BEAM
BEAM
$0.561078
Ƀ 0.00001325
-1.78%

(change 1h)

-12.66%

(decreased 24h)

-17.15%

(change 7d)

Rank
#529
Marketcap
$55,325,137
Volume (24h)
$9,140,821
Circulating Supply
97,214,960 BEAM

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BEAM

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Historical Price for BEAM
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    What is BEAM?

    Beam is a confidential and scalable cryptocurrency based on Mimblewimble protocol.


    WHY BEAM? Core features include complete control over your privacy, All transactions are private by default, No addresses or other private information are stored on the blockchain, Superior scalability due to compact blockchain size, Opt-in Auditability, Support online and offline transactions, atomic swap, hardware wallets integration. Governance model No premine, No ICO. Backed by Treasury Establishing a non-profit foundation to govern the protocol after Mainnet launch How does it work? Wallets’ owners create new transaction using secure channel either online or offline Both wallets participate in signing the transaction using Schnorr protocol Wallet sends transaction to node Each transaction contains a list of Inputs and Outputs represented by Pedersen Commitments, as well as explicit fees and kernels. Each transaction also contains non-interactive zero knowledge range proof to verify that the output transaction value is positive Transaction is verified by the node Each transaction is verified with respect to the recent blockchain state which is stored as a Merkle Tree. The root hash of the tree is recorded in block header along with a proof of work. In addition, each node periodically creates compacted history to allow ‘fast sync’ of new and existing nodes. Transaction is added to the mining pool A block is mined every minute and is sent back to the node for verification and distribution. Mined blocks containing the new transactions are sent to the known peers A valid block that is extending the longest chain is accepted as a new Tip and propagated further until full consensus is reached. Fast sync When a new node connects to the network for the first time it can request compacted history containing only system state and blockchain headers. There is no need to retrieve the entire transaction history.



    BEAM is a cryptocurrency with a price of $0.561078 and marketcap of $55,325,137. BEAM's market price has decreased -12.66% in the last 24 hours. It ranks 529 amongst all cryptocurrencies with daily volume of $9,140,821.

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