BEAM Price Today
BEAM price today is $0.202980 with a 24-hour trading volume of $3,900,575. BEAM price is up 0.9% in the last 24 hours. It has a circulating supply of 120 Million BEAM coins and a total supply of 263 Million. If you are looking to buy or sell BEAM, BKEX is currently the most active exchange.
What was the highest price for BEAM?
BEAM hit an all time high of $10.03 on Jan 04, 2019 (over 3 years).
What was the lowest price for BEAM?
BEAM had an all time low of $0.093453175718 on May 12, 2022 (3 months).
What was the 24 hour trading volume of BEAM?
The 24 hour trading volume of BEAM is $3,900,575.
Where can BEAM be traded?
Beam Mimblewimble is a scalable, fungible, and confidential cryptocurrency based on the Mimblewimble implementation.
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.
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.
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.