Beam (BEAM)

Privacy and Confidentiality

Beam uses the Mimblewimble protocol to keep transactions private and anonymous. It hides transaction details like amounts and participants, making it a privacy-focused cryptocurrency.

Scalability and Efficiency

By combining multiple transactions into one block, Beam reduces blockchain size and improves speed and efficiency compared to many other cryptocurrencies.

Payments and Transfers

Beam supports fast, confidential peer-to-peer payments and remittances, aiming to make crypto transfers easy and private for everyday use.

Decentralized Finance (DeFi)

Beam can be used in DeFi applications, enabling private and scalable financial services on the blockchain.

Gaming and Smart Contracts

Beam’s token is used in a gaming ecosystem where developers and players interact. It supports smart contracts and in-game blockchain features, helping create immersive gaming experiences.

Business and Treasury Management

Beam offers APIs and tools for businesses to manage payments and internal treasury operations with speed and privacy.

These use cases make Beam a versatile crypto token focused on privacy, scalability, and practical applications in finance, gaming, and business.

Pros

• Beam is privacy-focused, using the Mimblewimble protocol to keep transactions confidential and user identities hidden.
• It supports scalable blockchain size by not storing all transaction history, which helps with faster processing and less storage.
• Beam allows users to create new receiving addresses for each transaction, enhancing privacy.
• The project has a foundation and team supporting ongoing development and cryptographic research.
• Uses the Equihash mining algorithm designed to be ASIC-resistant, promoting more decentralized mining.
• Supports advanced privacy features like adding decoy inputs and outputs to improve anonymity.

Cons

• Beam has a smaller developer community compared to some other projects, with a limited number of core contributors.
• Its strong privacy features can make it harder for some investors to evaluate transactions or token holdings.
• The project is relatively new (launched in 2019), so it may have less adoption and liquidity than older cryptocurrencies.
• Some privacy mechanisms require ongoing research and improvements to address potential linkability issues.
• Trading volume and market activity can be concentrated on fewer exchanges, which might affect liquidity.

For more details, visit the official Beam website or community resources.

Founders of Beam

Beam was founded by Alexander Zaidelson, Yoni Ben-Shimon, Alex Romanov, and Amir Aaronson. Alexander Zaidelson served as the former CEO, Alex Romanov as CTO, and Amir Aaronson as COO.

Institutional Investors

Beam has 14 institutional investors including Recruit Strategic Partners and Collider (based in Tel Aviv). Other notable institutional investors are Castle Island Ventures, Archetype, Arca, Bankless Ventures, Verda Ventures MiniPay Fund, and SHACK15 Ventures.

Angel Investors

There are 3 angel investors involved, including Patrick Dai and two others.

Investment Highlights

Beam raised $7 million in a recent funding round to advance its global payments platform, supported by these top investors. The project is operated by M-Cubed Labs, Inc. and its subsidiary M-Cubed Payments LLC.

For more details, you can visit Beam's investor page or funding profiles on platforms like Tracxn and Crunchbase.

Halal Status of Beam

• Yes, Beam is considered halal by some Islamic finance sources because it is a blockchain-based platform designed to comply with ethical and Shariah principles.
• It has undergone Islamic screening and is listed among halal crypto assets, meaning it avoids elements like interest, excessive uncertainty, and gambling.
• However, as with many cryptocurrencies, opinions may vary among scholars, and compliance depends on the specific use and context of the token.