Positive BEAM opinions
Summary:
So far,1 of opinions have been recorded for BEAM. These opinions are not investment recommendations but the community's perspective on BEAM. Please do not make a purchase decision based on these BEAM opinions.
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BEAM opinion #1
In 2019, Beam was one of the first crypto-currencies with a PoW (Proof of Work) based process for finding a consensus based on the Mimblewimble algorithm. Mimblewimble is a possible improvement of the Bitcoin protocol and is known not only for streamlining transactions but also for concealing the actual transactions. The Mimblewimble protocol also excludes ASIC (application specific integrated circuit) farms as a possible miner for the detection of blocks and the rewards distributed from them. Beam is therefore a new generation Privacy Coin.
In addition, the maximum number of available BEAM 262.8 million is interesting from the investor's point of view.
Nevertheless, the market capitalisation to date is only just over $31 million and thus only around 181st place in the CoinMarketCap.
As this is still a young project, I still see a long-term future in terms of use as a Privacy Coin. It remains to be seen whether the Exchanges will accept this coin for trading.