Beam

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Description

Beam is a blockchain platform and cryptocurrency emphasizing privacy and scalability through the Mimblewimble protocol for confidential transactions. Operating on the Ethereum network, Beam offers features such as confidential assets and atomic swaps, aiming to deliver a user-friendly experience with focused security and compliance tools. The cryptocurrency, Beam (BEAM), has a total supply of over 62 billion with nearly 49.5 billion currently in circulation. Its price has experienced significant fluctuations, showing both substantial increases and decreases within 24 hours. Beam enjoys active trading across numerous markets, reflected in daily trading volumes ranging up to $63.7 million. The project presents itself as a comprehensive solution for private and secure transactions. More information can be found on their official website at [onbeam.com](https://www.onbeam.com/).

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FAQ

What is Beam and what does it offer in the web3 space?

Beam is a blockchain platform and cryptocurrency focused on privacy and scalability within the web3 ecosystem. It utilizes the Mimblewimble protocol to facilitate confidential transactions, ensuring user privacy. Beam operates on the Ethereum network and provides features such as confidential assets, atomic swaps, and more, aiming to be a comprehensive solution for secure transactions.

How does Beam ensure privacy and scalability in transactions?

Beam employs the Mimblewimble protocol, which is known for enabling confidential transactions to ensure user privacy. This protocol, along with Beam's design, allows for more scalable transactions compared to traditional blockchains. By focusing on these aspects, Beam provides a secure environment for users seeking private transaction solutions.

What makes Beam different from other privacy-focused cryptocurrencies?

Beam distinguishes itself by operating on the Ethereum network and utilizing the Mimblewimble protocol for enhanced transaction privacy. Its features, including confidential assets and atomic swaps, offer users more security and versatility compared to other privacy coins. This blend of Ethereum's network advantages and privacy-focused technology sets Beam apart from competitors.

What benefits can users gain from using Beam in gaming applications?

In the gaming sector, Beam provides a secure and private transaction platform. Users can take advantage of Beam's confidential transactions to protect their in-game purchases and trades. Additionally, features like atomic swaps and confidential assets enhance the gaming experience by offering seamless and private interactions in decentralized applications.

How volatile is the Beam cryptocurrency, and what should investors know?

Beam cryptocurrency, like many digital assets, is subject to market volatility. Its pricing can fluctuate significantly, with recent variations between $0.0118 and $0.0341. Investors should be aware of Beam's active trading across numerous markets, experiencing daily price changes ranging from declines of -13.80% to gains of 15.63%, reflecting the inherent risk and potential rewards of crypto investments.

How can users troubleshoot common issues when transacting with Beam?

When encountering issues with Beam transactions, users should first check the status of their network connection and ensure they are using the latest wallet version. Additionally, consulting Beam's resources or community forums can provide solutions and updates. For further issues, reaching out to Beam's support team can offer direct assistance and troubleshooting advice.

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