rocket launch - thanks to SpaceX!

Today at roughly 02:00 pm (GMT), the Beam mainnet has launched. This makes Beam the first Mimblewimble implementation to have a working mainnet.

If you didn’t do so, yet, you can download the Beam wallet here (also make sure to check our installation guide here). From now on, you will be able to use it with actual coins.

So, what to expect? Mimblewimble based coins kind of split the communities. While some attribute them a lot of hype potential for 2019 (I certainly do), others are less euphoric. Things like a lack of addresses, as we’re used from Bitcoin and nearly any other cryptocurrency, or the need for both parties of a transaction to be online simultaneously are cited as main reasons for doubt.

For what it’s worth, these new kinds of coins do fill a gap. Alone the enormous scalability potential is a big plus worth exploring. Other than that, coins like Monero (XMR) and Zcash (XZC) have proven that there’s a need for privacy coins in the realms of cryptocurrency. So, with scalability added to the privacy features, it’s very likely that coins like Beam and Grin will get a solid spot on CoinMarketCap.

Speaking of market cap: I bet it won’t take long until the first exchanges will announce support for Beam. So, stay tuned – I will update this post as soon as I’m aware of a listing!

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