WHAT IS BEAM?

BEAM is a decentralized currency with great privacy, fungibility and scalability in the current market of cryptocurrencies. BEAM transactions are private by default, and the storage of all transaction history is not necessary for block chain validation, which reduces the size of the block chain and improves scalability, thus maintaining better security for each and every one of the users that are going to obtain this currency. BEAM will support many types of transactions, such as custody transactions, time-blocked transactions and atomic swaps. Our route map includes dozens of features and is constantly evolving so as not to fall behind in the global forefront of new unborn coins. We are striving to make BEAM a definitive Store-of-Value currency.

THE TEAM

BEAM has assembled a remarkable team of first class engineers and entrepreneurs, and a solid advisory board composed of consummate cryptocurrency veterans, to give clients the best proposal in the market, with the best experts in the field. We have 7 full-time developers, a growing marketing team and experienced management that will help you move forward and see when it is good to invest with us to get the best return in the shortest possible time. The technical team is headed by Alex Romanov, and the list of advisors includes people like Yonatan Ben Shimon, Guy Corem, Sebastian Stupurac, Stas Oskin and Oliver Gale. We are actively creating a global community of developers that share our mission to create a private digital currency and that will maintain and improve BEAM for a better use while we develop everything and that the client feels happy with what they have.

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THE TECHNOLOGY

BEAM is based on Mimblewimble, an elegant protocol launched by an anonymous developer in 2016 that has served much for the development of our BEAM platform. Named after a spell in the Harry Potter saga, Mimblewimble uses the Pedersen Commitment scheme for complete anonymity and zero knowledge range tests to guarantee the validity of transaction amounts and that our clients do not feel any doubt about each virtual movement of your money, we want you to trust us with this and to place all your trust in this project that is advancing with increasing force and that in a very short time we will be the best in the market.

The BEAM team implemented Mimblewimble from scratch using C ++.

To improve privacy and reduce the size of the block chain, Mimblewimble merges all the intermediate outputs into a single block and into several blocks, thus storing the current state of UTXO and making the size of the block chain smaller than in other leading currencies, thus allowing greater speed in our servers so that the money arrives in the shortest time possible making us the most profitable in the market.

The BEAM blocks are extracted using the Equihash Proof-of-Work hard algorithm as the memory. The blocking time is 1 minute on average.

WHEN DO WE LAUNCH?

Mainnet launch is slated for December 2018. At launch, BEAM will have a full-fledged desktop wallet and integration with hardware wallets. Our post-launch roadmap includes mobile wallets, Dandelion integration, Confidential Assets and more.

WHO MAINTAINS BEAM?

BEAM will be maintained by the non-profit BEAM Foundation based on the community. There is no ICO nor premine. Both the Core Team and the Foundation are funded through a block reward mechanism, with a certain percentage of coins being emitted from every newly mined block.

For more information watch this presentation by the CEO, Alexander Zaidelson:

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