Cryptocurrency of the Day ($BEAM)🪙

🔹What is Beam?

@BuildOnBeam is a decentralized, privacy-focused blockchain platform running on the Mimblewimble protocol.

Launched on January 3, 2019, Beam aims to provide users with the ability to transact in a completely private and untraceable manner. The platform prioritizes user privacy, enabling transactions with both standard and maximum anonymity.

Beam’s main goal is to enable confidential transactions and the creation of confidential assets, facilitating various DeFi applications while preserving user anonymity.

🔹Featured Features

Absolute Privacy: Beam offers a unique 64k anonymity set for maximum privacy. All transactions on the network are private by default.

Private Assets: Users can create, trade, and trade assets on Beam’s blockchain; these transactions are indistinguishable from regular Beam transactions.

Privacy DeFi and NFTs: The platform supports privacy assets such as private stablecoins, NFTs, and automated market makers (AMMs). Future developments are expected to include lending, oracles, and wrapped assets.

Privacy DEX: Beam offers a DEX that enables privacy trading and atomic swaps for a variety of cryptocurrencies, including $BTC, $LTC, and $DOGE.

Privacy Smart Contracts: Beam’s Virtual Machine enables the development of privacy dApps using WebAssembly (WASM) execution, enhancing user experience and wallet integration.

🔹Statistics

Price: $0.01486

Market Cap: $760,819,026

Circulating Supply: 51,209,507,703 BEAM

Total Supply: 62,434,008,330 BEAM