The availability of SDKs for popular programming languages like Node.js and C# ensures that developers have the tools they need to incorporate Beam seamlessly into their projects. The $BEAM token serves as the native crypto asset for the Beam network, a gaming network empowered by the Merit Circle DAO. Beam is an ecosystem where gamers and developers come together to shape the future of the gaming industry. The native cryptocurrency of the Beam network, $BEAM, plays a crucial role in the ecosystem. It is utilized for transaction fees, interactions with smart contracts, and as a governance token within the Merit Circle DAO.
Beam Anonymous Naming Service (BANS)
Earlier this year, Beam released the Beam Bridge, opening up a privacy gateway for the Web3 community for transferring crypto from Ethereum to the private-by-default Beam blockchain. The Messenger is fully decentralized and independent from web front ends (think websites), offering an inclusive, secure, and censorship-proof way for our users to communicate and exchange ideas. We expect Nephrite to play a big role in supporting the launch of the upcoming decentralized exchange (DEX) by allowing the market to create stablecoin trading pairs and deep liquidity pools for yield rewards. Head over to the Nephrite start guide and start minting your very first privacy stablecoins.
Click “1. Ethereum side of the bridge in your web browser”. A pop-up will appear in your browser.
The rise of FLOKI coincides with the upcoming launch of Valhalla, its NFT metaverse game, which is the final stage in Floki’s roadmap. BEAM is now the third-biggest cryptocurrency in this category, displacing Axie Infinity’s AXS. The table above shows the number of days which BEAM closed above a certain price level. Romanov currently serves as the company’s CTO, while Zaidelson is the CEO. The project’s C-suit also includes COO Amir Aaronson and CMO Benni Issembert.
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The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate. Beam’s current circulating supply is 49.47B BEAM out of max supply of 62.43B BEAM. In terms of market cap, Beam is currently ranked #2924 in the Ethereum (ERC20) Tokens sector, ranked #548 in the Binance Smart Chain sector, ranked #327 in the Gaming sector and ranked #147 in the Metaverse sector.
The partnership exemplifies a dynamic future where gaming and crypto wealth management intersect, presenting endless possibilities and opportunities. This is the native crypto asset used within the Beam network to pay for transactions. This not only includes transfers of assets but also involves all interactions with smart contracts on the Beam network, facilitating a seamless, immersive gaming experience. The native cryptocurrency of the Beam network, $BEAM, plays a pivotal role in this ecosystem.
- Confidential Assets is the name given to special Beam tokens that can be created and stored on the blockchain to represent some valuable assets, e.g., customer loyalty points.
- According to the latest CMC data, FLOKI has emerged as the top play-to-earn cryptocurrency by market cap.
- The BEAM token allows its holders to participate in the governance of this DAO.
- In the gaming industry, Beam introduces an innovative approach by providing developers with APIs and SDKs, facilitating the integration of blockchain technology into games.
- This support system for developers is crucial, as it not only offers the necessary tools but also guidance on how to effectively utilize the Beam blockchain to enhance gaming experiences.
It is integrated with LayerZero, an interoperability omnichannel protocol that allows the minting of all game assets as omnichannel NFTs for easy transfer across chains. Beam is being traded on 33 cryptocurrency exchanges, including Binance and Kraken. If you wish to purchase BEAM, check our guide on how to buy Beam in 6 steps. For example, if you wish to bridge 100 $BEAM to Ethereum, the smart contract will lock these tokens, mint 100 $WBEAM (wrapped $BEAM) on Ethereum, and transfer it to your Web3 Wallet (Like MetaMask). Now, we’re pleased to unveil the Beam to Ethereum Bridge, completing the bidirectional connection between Beam and Ethereum blockchain for seamless cross-chain transactions. The DEX will power anonymous token swaps on the Beam blockchain, making front-running and sandwich attacks a thing of the past.
Their collective expertise spans across various domains, contributing to the foundational structure and innovative vision of Beam. With a circulating supply influenced by token migration, buybacks, and burns, Beam’s approach to managing its supply is dynamic. This adaptability reflects the project’s commitment to evolving in response to the community’s needs and the broader blockchain ecosystem. The Beam network also emphasizes the importance of governance through the Merit Circle DAO. This decentralized autonomous organization allows token holders to participate in decision-making processes, ensuring that the development and future direction of the network reflect the community’s interests.
The launch of Beam NFT Gallery in 2021 ushered in a new era for non-fungible token (NFT) privacy, allowing users to privately transfer and store their unique digital assets. In addition to these technical advancements, Beam has also focused on fostering a strong community and supporting innovation within its ecosystem. The Beam x Nostr Summer Hackathon in August 2023 is a testament to this, providing what net sales means a platform for developers to showcase their skills and contribute to the Beam project. The launch of the $RIVUS token in April 2024 represents another significant phase in Beam’s evolution, expanding its utility and engagement within the gaming and crypto communities. Beam, a privacy-focused cryptocurrency, leverages Mimblewimble protocol to ensure transactions remain confidential and secure.
These smart contracts run on the blockchain, making them secure and tamper-proof. In conclusion, Beam is a project that stands at the intersection of privacy, gaming, and decentralized governance. Its use of the Mimblewimble protocol, combined with its focus on creating a versatile ecosystem for developers and users alike, positions it as a noteworthy project within the blockchain space. The platform supports a variety of transaction types, including escrow and atomic swaps, which are essential for secure and trustless exchanges between parties. Furthermore, its time-locked transactions add an additional layer of security and flexibility, enabling users to set conditions for when funds can be accessed. In addition to its standard transaction types, Beam also supports atomic swaps.
It is used to pay for transactions, interact with smart contracts, and participate in the governance of the Merit Circle DAO. This decentralized autonomous organization is a key component of Beam’s governance structure, allowing $BEAM holders to influence https://cryptolisting.org/ the direction of the project. The BEAM is the native token of the Beam network, a gaming network empowered by the Merit Circle DAO. Beam is an ecosystem where gamers and developers come together with the mission to shape the future of the gaming industry.
The Beam Faucet DApp allows users to receive small amounts of free $BEAM to conduct network transactions. Beam Bridge is open-source, easily portable, and open to modifications letting developers customize and run their own bridge for any EVM-compatible blockchain. The bridge DApp connects Beam’s private DeFi (PriFi) to Ethereum’s vast token ecosystem currently supporting $ETH, $DAI, $WBTC, and $USDT.
The development of Beam was driven by a team of experienced professionals, including CEO Alexander Zaidelson, CTO Alex Romanov, and COO Amir Aaronson. Their collective expertise spans software development, blockchain technology, and business operations, contributing to Beam’s innovative approach to privacy and security in the cryptocurrency realm. Beam, a cryptocurrency launched in 2019, is built on the MimbleWimble protocol, emphasizing privacy and scalability in transactions.
BEAM token was launched on October 26, 2023, with a total supply of slightly less than 63 billion, out of which over 44 billion are already in circulation. Beam Messenger leverages all of Beam’s industry-leading privacy protocols to deliver a fully anonymous messaging experience. Beam Messenger is a smart contract that lives on the blockchain and works by establishing a local peer-to-peer connection between the communicators’ Beam Wallets.
At the end of May, the BEAM token surged in value due to its listing on Upbit, the largest cryptocurrency exchange in South Korea. The Fear & Greed Index shows 74 (Greed), indicating positive market sentiment. When transacting on Beam, only the sender and the receiver of crypto funds can see each other’s addresses.
For instance, in finance, Beam can offer secure and private transactions, while in healthcare, it could ensure the confidentiality of patient records. The primary use of Beam is to facilitate private DeFi transactions and payments, offering users a secure and anonymous means of engaging in financial activities on the blockchain. This positions Beam as a valuable tool for individuals and entities looking for privacy in their financial dealings, without sacrificing the benefits of decentralized finance. Beam recorded 63% green days over the past month, with 8.44% price volatility. The gaming token’s privacy-centric features can appeal to gamers who value confidentiality in their transactions. Using the Mimblewimble protocol, BEAM ensures that transactions within the gaming ecosystem remain private, which is a unique selling point compared to other P2E tokens.