Beam Development Ltd


Name

Beam Development Ltd

Summary

-Beam is a singlelayer privacy blockchain protocol that is a scalable confidential cryptocurrency.--It was founded in 2018 by Alex Romanov and Amir Aaronsons.-It is based on the Mimbleware protocol.

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Rating

B

Symbol

BEAM

Overview

BEAM is the next generation confidential cryptocurrency based on an exceptionally elegant and unique protocol called Mimbleware.

BEAM allows its users to have complete control over privacy - a user decides how the information may be distributed and to whom while having complete control on the personal data in accordance with the rules of engagement

Confidential transactions do not lead to the bloating
of the blockchain while avoiding excessive computational charges or any penalty on performance and even scalability while the transaction value remains concealed.
There is no requirement to have a trusted setup, the blocks are mined using Beam Hash.

BEAM does not store any addresses on the blockchain and no information whatsoever about either party of a transaction is stored.

BEAM supports many transaction types such as escrow transactions, time-locked
transactions, atomic swaps, and more.

Historical Price Movement (in INR)

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Technology

BEAM’s consensus is based on the Equihash Proof-of-Work algorithm. It is Implemented from scratch in C++ programming language..
BEAM does not have any pre-mine allocation, ICOs and is Backed by a treasury, emitted from every block during the first five years. It provides superior scalability through compact blockchain size - using the “cut-through” feature of Mimblewimble.
Beam has reduced emissions using periodic halving methods with a total amount of 262,800,000 coins.

Use of Native tokens in the ecosystem: BEAM coin can be used for transaction Fees and Block rewards/ mining..

Beam

20%

Team & Advisors

45%

Investors

35%

Volume ( as of 11th april 2022)

$4,052,139

Total Supply

111,715,360 BEAM

Circulating Supply

111,715,360 BEAM

Crowd Sales

Beam raised $7M during its various funding rounds

Funding

21/05/2021- Venture round-$2M
18/02/2019- Corporate round- $5M
03/01/2019- ICO-N.A
01/04/2018-Pre-seed Round-N.A

Country

Israel

Year Incorporated

2018

Registered Address

Tel Aviv, Tel Aviv, Israel

Dispute Resolution and Governing Law

Israel

Country Risk Assessment

B1

Founding Team
NameDesignationEducationExperience
Amir AaronsonCo-Founder & CEO-17Yrs
Alex RomanovCo-Founder & CTOTel Aviv University - MA(posted), Computer ScienceAcademic college of Tel Aviv, YaffoBA- computer science18Yrs
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