Beam: Scalable Confidential Cryptocurrency
A Mimblewimble implementation
Equihash: an Overview
Contrary to Grin, Beam uses a known PoW algorithm which is well established between miners worldwide: Equihash.
Equihash requires a lot of memory, compared to other Proof-of-Work algorithms. Therefore, it is a good candidate to prevent ASICs from taking over the network, allowing smaller miners to actually run a profitable mining operation using a CPU or GPU.
Beam Specs And Data
Specifications and features of Beam:
BEAM is a next generation confidential cryptocurrency based on an elegant and innovative MimbleWimble protocol.– BeamPrivacy @ BitcoinTalk
- Programming language: C++
- Algorithm: Equihash (details: see BEAM Mining Algorithm Design)
- Total supply: 210.000.000
- No ICO, no premine
- Support of different transaction types (escrow, time locked, atomic swaps)
- Treasury: part of each block reward goes to the developers
- Scalability through small blockchain using Mimblewimble
- Trustless setup, no addresses stored onchain
- Privacy: “confidentiality without penalty”
We’ve created a separate page containing an extensive step-by-step-tutorial on how to install and configure the Beam wallet.
Please visit this page for further information on the Beam wallet setup.
How To Mine Beam?
As Beam makes use of the Equihash Proof-of-Work-algorithm, there are a couple of ways to mine it. Check out our following resources to setup Beam mining in different environments, for instance:
- CPU mining Beam
- Mine Beam on a GPU
- Beam mining on an FPGA?
Check out our Beam Mining Page!
Where Can I Trade Beam?
Beam is trading on a variety of exchanges. Find a list of platforms where you can buy and sell Beam on our Beam Trading page.
Frequently Asked Questions
General questions about BEAM answered here.
As a matter of fact, CPU and GPU mining is supported out of the box. FPGA mining should be possible, as well as ASIC mining – theoretically. However, during the early phase of the network, ASICs will be locked out of the network.