Beam Price

Beam is the governance token for the BeamX DAO on the Beam blockchain. Currently priced at $0.005352, it has a market cap of $280.5M with 52.41B BEAMX tokens in circulation. BEAMX enables holders to participate in decision-making processes within the ecosystem, vote on proposals, and influence the future development of the platform. As a Confidential Asset on the Beam blockchain, it offers privacy features while maintaining transparency in governance. The token has experienced a -1.57% price change in the last 24 hours, with trading volume reaching $1.06M. With a maximum supply of 59.19B BEAMX, Beam serves as the backbone of the BeamX ecosystem, powering its decentralized applications and financial services.

Beam was created in November 2020. It was launched as a confidential DeFi (Decentralized Finance) protocol developed by the team behind the Beam cryptocurrency. Beam was designed to enable the creation of decentralized financial applications such as DEX, Automated Market Makers, Stablecoins, and NFTs with a focus on confidentiality, decentralization, and user-friendliness. The protocol aims to bring privacy features to the DeFi ecosystem.

The founders of Beam are Alexander Zaidelson (former CEO), Yoni Ben-Shimon, Alex Romanov (CTO), and Amir Aaronson (COO). They established the project with a focus on privacy-by-default transactions and confidentiality, implementing privacy protocols such as Mimblewimble, Lelantus-MW, and Dandelion to hide wallet and transaction metadata.

Beam works through a unique combination of blockchain technology and the MimbleWimble protocol. This innovative approach enables BEAMX to offer enhanced privacy features while maintaining transaction efficiency. The protocol allows for confidential transactions by obscuring transaction amounts and addresses, making it difficult to trace the flow of funds. BEAMX operates on a proof-of-work consensus mechanism that validates transactions and secures the network. The cryptocurrency features compact blockchain design that reduces storage requirements and improves scalability compared to traditional blockchains. Users can interact with the BEAMX ecosystem through specialized wallets that support its privacy features. The system also incorporates 'cut-through' technology that consolidates transactions to minimize blockchain bloat, resulting in faster processing times and lower fees. With a total supply of 59.19B BEAMX and current market cap of $280.5M, BEAMX continues to develop its ecosystem focused on privacy-preserving financial applications.

Beam is built on the Mimblewimble protocol, which provides a foundation for privacy-focused and scalable transactions. The technical architecture of BEAMX employs a sidechain model that enables fast, confidential transactions while maintaining security. Key components include: 1. Confidential Transaction Technology: Hides transaction amounts while proving their validity 2. Dandelion++ Protocol: Enhances network privacy by obscuring transaction origins 3. Beam Virtual Machine (BVM): Supports smart contracts and DeFi applications 4. LelantusMW: An advanced cryptographic system for enhanced privacy features 5. Proof-of-Work consensus mechanism: Secures the network through mining This architecture allows BEAMX to deliver privacy by default while supporting scalability and enabling various DeFi applications within its ecosystem. The design prioritizes both security and usability, making it suitable for various financial use cases.

Beam has an ambitious roadmap focused on expanding its ecosystem through 2025-2026. The team plans to enhance scalability, implement cross-chain functionality, and develop more DeFi applications on the platform. Key milestones include launching a governance portal, expanding staking options, and introducing new privacy features. The project aims to increase adoption through strategic partnerships with other blockchain projects and traditional finance institutions. Community development remains central to BEAMX's vision, with plans to establish developer grants and educational resources. While market conditions may affect progress, the team has consistently delivered on previous roadmap items, suggesting a promising trajectory for BEAMX's utility and potential value growth through 2030.