Published: Feb 05, 2026 at 18:02
Beam (BEAM) is a privacy-focused cryptocurrency and blockchain platform that was designed to offer private, confidential transactions.
Beam employs the Mimblewimble protocol, a blockchain technology that focuses on enhancing user privacy. Through the use of confidential transactions and confidential assets, Beam transactions do not reveal transaction amounts or sender/receiver addresses. This provides a high level of privacy for its users.
The Mimblewimble protocol is also known for its scalability advantages. It uses a unique way of constructing transactions that minimizes data storage and ensures efficient blockchain growth.
Beam initially used a PoW mining algorithm called Equihash, similar to Bitcoin. However, in a subsequent upgrade, the Beam team replaced Equihash with BeamHash, a custom PoW algorithm.
Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by Coinidol.com. The data provided is collected by the author and is not sponsored by any company or token developer. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds.
Expert in finance, blockchain, NFT, metaverse, and web3 writer with great technical research proficiency and over 15 years of experience.
Source: https://coinidol.com/beam-beam-token/
