Beam (BEAM)
$0.023+8.8%
Get up-to-date Beam price charts through real-time data and interactive shows. Through SLEX, one can fully understand Beam's current market position, delve deeper into the fascinating world of virtual currencies, and gain a better understanding of how complicated cryptocurrency trading can be. Do a lot of market study and read a lot of news to figure out what factors affect the actual changes in Beam prices.
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Beam Price Real-Time Data
The live price of Beam (Beam) is $0.023, experiencing a significant transaction volume of $99.81M over the past 24 hours. Its 24-hour peak price is $0.026749, its 24-hour low is $0.020331. Currently, there are 49.47B Beam in circulation, indicating a vibrant market presence.
About Beam (Beam)
When it came out in early 2019, Beam was the first privacy-focused cryptocurrency. It stands out because it uses the Mimblewimble system. This one-of-a-kind system, which was named after a spell in the Harry Potter books, is more private and can be used on a larger scale than other blockchain technologies.
The Inception of Beam
Beam started with a clear and big goal: to fix the fact that standard blockchain networks don't offer enough privacy. Being aware that Bitcoin and many other coins leave a clear record of transactions, Onbeam set out to create a way for transactions to be private and impossible to track.
How Beam Works
At the core of Beam's technology is the Mimblewimble protocol, which fundamentally alters how transactions are constructed and recorded on the blockchain. This protocol offers several key features:
1. Confidential Transactions: Beam transactions hide the transaction amount and the identity of the parties involved. This is achieved through cryptographic commitments and zero-knowledge proofs.
2. Cut-Through Feature: Mimblewimble allows for the aggregation of multiple transactions, reducing blockchain size and improving scalability.
3. No Address Information: Unlike typical blockchains, Mimblewimble-based networks like Beam do not store addresses on the blockchain, further enhancing privacy.
Key Advantages of Beam
1. Enhanced Privacy: Beam provides a higher level of privacy than traditional cryptocurrencies, ensuring the confidentiality of transaction details.<row>2. Improved Scalability: Thanks to Mimblewimble's cut-through feature, Beam can handle more transactions with lower blockchain bloat.
3. Versatility in Transactions: Beam supports a range of transaction types, including confidential asset transactions and atomic swaps.
4. User-Friendly Governance Model: Beam has a treasury model funded by part of the block reward, which is used to finance ongoing development and promotion of the network.
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FAQ
What is Beam (BEAM)?
Beam is a privacy-focused cryptocurrency that uses the Mimblewimble protocol, offering enhanced privacy and scalability. It's designed to provide secure, private, and fast transactions.
How does Beam ($BEAM) work?
Beam operates using the Mimblewimble protocol, which allows for the encryption of transaction amounts and the identities of the parties involved. This ensures privacy while maintaining a compact blockchain size for scalability.
Is BEAM safe to invest in?
As with any investment, especially in the cryptocurrency space, investing in BEAM carries inherent risks due to market volatility. It's important to conduct thorough research and understand your risk tolerance before investing.
How do I buy BEAM on SLEX Exchange?
To buy $BEAM on SLEX Exchange, you need to create an account, complete any necessary verifications, deposit funds or link a payment method, and then place an order for BEAM in the exchange section.
How can I store my BEAM coin securely after purchasing it on SLEX?
After purchasing a BEAM token, it can be stored securely in SLEX Exchange, a private wallet, such as a hardware (offline) wallet or a software (online) wallet that supports the BEAM token.
What determines the price of 1 BEAM in fiat currencies on SLEX?
The price of 1 BEAM in fiat currencies on SLEX is determined by supply and demand dynamics in the market, similar to other cryptocurrencies.
What advantages does SLEX offer for BEAM to fiat currency conversion without account registration?
SLEX offers quick transaction processes, ease of use, and a degree of anonymity for BEAM to fiat currency conversions without requiring account registration.
How does SLEX ensure the best rates for BEAM to fiat currency conversions?
SLEX uses a combination of market depth analysis, liquidity sources, and real-time data aggregation to offer competitive rates for BEAM to fiat currency conversions.
