Mumblewimble protocol
Beam was one of the first project that used mimblewimble protocol. It's an open source project that focuses on privacy and scalability, and when we look at this critically, we would see that it was based on the mimblewimble protocol
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Beam was created in such a way that reduces the amount of blocks on the blockchain in other to enhance scalability and privacy. Several concepts was integrated into the mimblewimble blockchain which creates the atmosphere for what the mimblewimble protocol was created for
Privacy: Because the beam platform uses the mimblewimble protocol, the privacy is top notch. The confidential transaction and the transaction cut through explained earlier in this post was used by beam to secure their platform with the uttermost privacy required of them
There are confidential assets on beam which enable the creation of new digital assets like real estate asset, new currencies, debt instruments and so on, of which users can exchange on the beam platform
The laser beam is a feature on beam that allow the creation of direct payment between wallets.
can be implemented on the beam network through smart contract and this can be injected into the beam wallet or on a separate website. The app store is also a feature that beam implemented. This helps to make integration more easier
As at when this post is published, Beam price was $0.704670 with a Market Cap of $2,240,728,335,935. Beam was created as a store of value and not an transactional currency, as such, the total supply cannot exceed the limit it was built upon (total supply 262,800,000)
The reward for the beam validators is 80 beam per block. This means when the beam coin is out of supply, no more beam will be created
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You can follow the Beam official blog here and also check their documentation