Beam Information

Beam is a privacy-focused cryptocurrency that utilizes the Mimblewimble protocol to enhance transaction confidentiality and scalability. It aims to offer users a high level of anonymity while maintaining an efficient and secure network. With its emphasis on privacy and continuous development, Beam positions itself as a valuable option in the expanding landscape of digital currencies.

Beam

$0.02

Title : Beam
Symbol : beam
Current Price $ : 0.02065381 $
High 24h : 0.02143911 $
Low 24h : 0.01921353 $
Price Change 24h : 0.00053295 $
Price Change % 24h : 2.64873 %
Market Cap : 1085609316
Whitepaper : https://docs.onbeam.com
Website : https://onbeam.com
Total Volume : 52494047
Market Cap Change 24h : 8885068
Market Cap Change % 24h : 0.82519 %
Circulating Supply : 52561007898
Total Supply : 61148853857
Max Supply : 61148853857
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 0.04416304
ATH Change % : -53.21967 %
ATH Date : 2024-03-10 10:40
All Time Low (ATL) : 0.0043383
ATL Change % : 376.21436 %
ATL Date : 2023-10-29 08:20

more information

Understanding Beam: A Comprehensive Overview

In the ever-evolving crypto landscape, Beam stands out with its unique approach to privacy and scalability. As a privacy-centric cryptocurrency using the Mimblewimble protocol, Beam provides a secure platform for transactions, emphasizing confidentiality without compromising on usability.

The Technology Behind Beam

Beam utilizes the Mimblewimble protocol, which is well-regarded for its compact blockchain size and improved privacy compared to other protocols. This technology ensures that all transactions are private and untraceable, making it an attractive option for users who value confidentiality. Additionally, Beam supports confidential assets and atomic swaps, allowing users to create and transact using multiple asset types without exposing transaction details on the blockchain.

Historical Performance and Market Trends

Since its inception, Beam has experienced various fluctuations in its market performance. The coin reached its all-time high on March 10, 2024, with a price of $0.04416304. However, like many cryptocurrencies, it has seen significant downs and experienced a substantial decline in its price. As of the latest update, Beam trades at $0.01871006, which represents a 57.54% decrease from its peak.

Interestingly, the crypto reached its all-time low on October 29, 2023, at $0.0043383, indicating a strong recovery of over 332% since that bottom. This volatility is typical for cryptocurrencies and reflects market sentiment and broader economic factors.

Potential Advantages of Investing in Beam

Beam offers several appealing advantages for potential investors. The robust privacy features enabled by the Mimblewimble protocol ensure that transactions remain confidential and secure. Additionally, its scalability ensures efficient transaction processing, which is crucial for long-term growth and adoption. Beam also has a capped supply, similar to Bitcoin, which can potentially create a scarcity effect and drive up value.

Drawbacks and Considerations

Despite its promising features, Beam faces several challenges. As with any cryptocurrency focused on privacy, Beam operates in a complex regulatory landscape. Increased scrutiny and potential regulatory crackdowns could pose threats to its adoption. Moreover, Beam competes with other established privacy coins like Monero and Zcash, which may hinder its ability to capture significant market share.

Future Outlook for Beam

The future of Beam hinges on its ability to adapt and innovate within the rapidly changing crypto environment. Continued development and enhancement of its technology and applications will be crucial. Adoption and collaboration with industry partners could significantly boost its utility and influence in the market. While the path forward presents challenges, Beam's emphasis on privacy and advanced technical features positions it well for potential growth.

In summary, Beam presents a compelling option for users prioritizing privacy and efficiency. While it has faced volatility in the past, its innovative approach and committed community could drive future success in the world of digital finance.

General Information
from price $0
Title Beam
Symbol beam
Whitepaper https://docs.onbeam.com
Website https://onbeam.com
Community -
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 0.02065381 $
High 24h 0.02143911 $
Low 24h 0.01921353 $
Price Change 24h 0.00053295 $
Price Change % 24h 2.64873 %

Market Data
Market Cap 1085609316
Total Volume 52494047
Market Cap Change 24h 8885068
Market Cap Change % 24h 0.82519 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 52561007898
Total Supply 61148853857
Max Supply 61148853857

Historical Data
All Time High (ATH) 0.04416304
ATH Change % -53.21967 %
ATH Date 2024-03-10 10:40
All Time Low (ATL) 0.0043383
ATL Change % 376.21436 %
ATL Date 2023-10-29 08:20