Beam

Market Stats

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About Beam

BEAM is a confidential decentralized finance (DeFi) platform designed to ensure complete privacy and anonymity in digital transactions by combining two advanced blockchain protocols, LelantusMW and Mimblewimble. Launched in March 2018, Beam emerged as a response to the growing realization that transactions on public blockchains such as Bitcoin (BTC) are traceable through blockchain analysis, which compromises user privacy. To address this, Beam implements a system where all transactions are private by default, concealing the sender, receiver, and transaction value from public view. The platform records no addresses or identity-related information on-chain, making users' transaction histories fully confidential. Beam operates through the Beam Virtual Machine (BVM) and supports decentralized applications (dApps) using "Beam Shaders," enabling developers to build and deploy privacy-preserving DeFi applications and games via smart contracts compatible with multiple programming languages such as C++ and, in future, Rust and Go. The Beam ecosystem provides a range of wallet solutions, desktop, mobile, and web, offering secure and private management of BEAM and Confidential Assets across various platforms. The Beam network is powered by its native cryptocurrency, BEAM coin, which facilitates transaction fees, network security, and ecosystem participation. Through the BeamHash III Proof-of-Work consensus algorithm, miners contribute to network security and earn rewards, ensuring Beam remains a decentralized, confidential, and user-focused DeFi ecosystem.