Another milestone achievement from InstaSwap could be considered the listing of BEAM on our non-custodial, instant swap platform. Beam can be exchanged back and forth with BTC / ETH / USDT and in the following weeks will be available for purchase with EUR / USD / GBP.
What is Beam?
Beam is a cryptocurrency that demonstrates an emphasis on privacy and anonymity with Mimblewimble implementation.
Without address information stored on the blockchain and keeping transactions private by default, Beam is meant to give control over privacy to users and scalability in it’s compact design. Having no premine or ICO, Beam is backed by a Treasury and designated a non-profit foundation to govern the protocol.
Beam Features:
- Confidentiality
All transactions are private. No information about transaction participants is stored in the blockchain.
2. Versatility
”Scriptless Script” technology allows implementation of a wide variety of transaction types beyond simple transmissions of value; for example, atomic swapping, escrow, and time-locked transactions.
3. Opt-in auditability
To comply with relevant regulations, a wallet can be configured to attach digitally signed documentation (eg invoices or contracts) to all transactions in a cryptographically unforgeable way. In turn, specific auditors can be granted permission to inspect the complete list of transactions along with all the attached documents.
4. Confidential assets
Мultiple asset types (eg real estate tokens, corporate debts and simply new currencies) can be created and exchanged via BEAM confidential transactions mechanisms.
5. Scalability
The “cut-through” feature of Mimblewimble helps to avoid excessive computational overhead, making the BEAM blockchain orders of magnitude smaller than any other blockchain implementation.
6. Sustainability
Open source, implemented from scratch, community-governed, and backed by the Beam Growth Pool: 20% of block mining rewards goes to this pool to incentivize development and promotion of BEAM.
7. Usability
A wallet for desktop and mobile, designed to support day-to-day usage for both individual and small business users. The built-in dashboard makes budget management easy, featuring actionable spend and earning insights.
8. Compatibility
An industry-proven Equihash algorithm was selected to ensure broad adoption by existing GPU miners. BEAM comes with an extensive set of tools for running and managing mining nodes.
For more information about InstaSwap’s & Beam’s mission, visit https://instaswap.io/ & https://beam.mw/
