What is BEAMX Coin?
BEAMX Coin is a cryptocurrency focused on privacy and scalability, built on the Mimblewimble protocol. This protocol allows transactions to be verified without disclosing sender, receiver, or transaction amount information, helping to protect user privacy. BEAM is also designed for high scalability, allowing for efficient processing of a large volume of transactions. The project does not conduct ICO or Pre-mine, with operational funding sourced from 20% of block rewards in the first 5 years, demonstrating a focus on sustainable development. BEAMX aims to address the most critical issues in the cryptocurrency field, namely privacy and scalability, providing a secure, private, and efficient transaction solution.
Highlights of the Beamx platform
High anonymity: All information about the sender, receiver, and amount of money is completely encrypted, ensuring absolute privacy for users. Unlike many other blockchains, BEAM does not require public addresses, making it nearly impossible to track user activity.
Strong security: Mimblewimble and Lelantus are two of the leading security protocols today, providing a solid layer of protection for transaction data. The structure of the BEAM blockchain makes auditing transactions very difficult, protecting users' assets from attacks.
Scalability: Thanks to its anonymity feature, BEAM can significantly reduce the size of the blockchain, speeding up transaction times and minimizing storage costs. BEAM is scalable to meet the increasing transaction demands.
Confidential Assets: BEAM allows the encryption of various asset types on its platform, including cryptocurrencies, tokens, and other asset types. Information about asset transactions is kept completely confidential, only known to the parties involved in the transaction.
Basic information about Beamx
Name: BEAM
Trading name: BEAMX
Type: Coin
Blockchain Platform: Beam
Algorithm used: Proof of Work (PoW)
Block creation time: 60 seconds
Block reward: 80 BEAM
Average transaction time: 20 TPS (Maximum 1000 TPS after upgrade)
Total supply: 62,434,008,330 BEAM
What are the use cases of BEAMX Coin?
BEAM Coin plays an important role in the Beam ecosystem. Below are some use cases of BEAM:
1. Anonymous payments:
BEAMX allows direct transactions between users completely anonymously, leaving no trace on the blockchain. Additionally, BEAM can also be used to pay for products and services that users want to keep transaction information confidential.
2. Rewards for miners:
BEAM is distributed to miners as a reward for validating transactions and adding them to the blockchain. This reward mechanism helps maintain the stable operation and security of the BEAM network.
3. Transaction fees:
BEAM is used to pay fees for transactions on the BEAM network, similar to Ethereum.
4. Create and exchange confidential assets:
BEAM allows the creation of new types of digital assets, called Confidential Assets. These assets can represent anything from stocks, bonds to real-world assets.
Development team
The Beam development team consists of experts skilled in cryptocurrency. Each person has their own unique experience:
Alexander Zaidelson is the CEO. He has worked in the technology field for a long time and has founded several technology companies. With extensive experience, he helps Beam grow very quickly.
Alex Romanov is the CTO. He is the one who built the software for Beam from the beginning. He is very skilled in complex systems, helping Beam operate stably.
Amir Aaronson is the CEO. He has many years of experience in encryption research and has worked for several startups. He helps manage Beam effectively.
Beni Issembert is the marketing director. He has extensive experience in business and marketing. He helps promote Beam to a wider audience.
Where to buy and sell BEAMX Coin?
You can buy and sell BEAMX Coin on cryptocurrency exchanges such as:
Bybit.com
Upbit.com
Bitget.com
Currently, Binance is a reputable, safe, and secure exchange and the best in the world today. Anyone who does not have an account on this exchange should register for an account to trade.
Binance referral link for 20% discount on trading fees: https://accounts.binance.com/register?
Partners
The Beam platform has partnerships with companies such as: Sophon, Maven11 Capital, Avalanche, Immutable, Pantera, Framework, Spartan, Polygon.
Conclusion
BEAM is a promising project with outstanding advantages in privacy, scalability, and flexibility. However, the project also needs to overcome challenges to thrive in the future. Investing in BEAM Coin should be carefully considered based on research and understanding of the project as well as the cryptocurrency market in general.
