Beam Coin Market Cap and Tokenomics Explained

Beam Coin is a decentralized cryptocurrency that uses a unique proof-of-work consensus algorithm, called Proof of Capacity (PoC).

Beam Coin's market capitalization is a key metric for investors and traders, and it's essential to understand how it works.

The total supply of Beam Coin is capped at 262,800,000, which is a relatively small amount compared to other cryptocurrencies.

This limited supply can lead to increased demand and potentially higher prices, making Beam Coin an attractive investment opportunity for some.

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Beam Coin is a cryptocurrency that uses a unique approach to transactions, focusing on private and decentralized exchanges.

It's designed to be a more private and secure alternative to traditional cryptocurrencies like Bitcoin.

Beam Coin uses a proof-of-work consensus algorithm, which is similar to Bitcoin's, but with some key differences.

The algorithm is designed to be more energy-efficient and to reduce the risk of centralization, which is a major concern for many cryptocurrency users.

Beam Coin has a total supply of 262,800,000 coins, which is a fixed amount that will never be increased.

This scarcity is designed to help maintain the value of Beam Coin over time.

On a similar theme: Bitcoin Market Cap History

Buying and selling Beam is relatively easy, with the token available on several major cryptocurrency exchanges. You can find Beam listed on Binance, BitForex, Gate.io, Hotbit, and CoinEx.

The most active exchanges for buying and selling Beam are Binance, Kraken, and Kucoin, with the most popular trading pair being BEAM/USDT on Gate.io. This is a great option for those looking to trade Beam with a stablecoin.

However, it's worth noting that a significant portion of Beam's volume is concentrated on the Hotbit exchange, which could pose a risk from a market liquidity perspective. This means that if trading on Hotbit were to stop, volumes could drop considerably.

If you're looking to buy Beam, you can head to any of the exchanges mentioned above. If you're new to cryptocurrency trading, you may want to consider starting with a more user-friendly exchange like Gate.io or CoinEx.

Here are some of the major exchanges where you can buy and sell Beam:

Once you've purchased Beam, you'll want to store it securely offline in a wallet. Unfortunately, Beam's wallet support is currently limited, but integrations are being worked on, and Trezor support is expected soon.

Beam's security is multifaceted, relying on advanced cryptographic techniques, a robust consensus mechanism, and a community-driven governance model to protect users' assets and information.

The Mimblewimble protocol is at the core of Beam's network, ensuring both privacy and scalability in transactions. This protocol facilitates confidential transactions, where the values transferred are encrypted, yet verifiable by the network to prevent double-spending or fraud.

Beam integrates the LelantusMW protocol, which enables users to break the link between their transaction's history, providing an even higher degree of anonymity.

The Equihash proof-of-work (PoW) algorithm is used for Beam's consensus mechanism, which is designed to be ASIC-resistant, promoting greater decentralization of the mining process.

Ledger and Trezor are considered one of the safest and most popular hardware wallet options for keeping Beam, according to an in-depth review process and testing.

The Beam wallet is available on desktop and mobile devices, supporting multiple operating systems including Microsoft, Mac, Android, iOS, and Linux.

The live Beam price is currently at $0.021246 USD, with a 24-hour trading volume of $35,116,609 USD. This puts Beam at the #89 spot on CoinMarketCap, with a live market cap of $1,050,935,344 USD.

In the last 24 hours, Beam has seen a significant drop of 8.98%, which is a notable change in the market. The current circulating supply of Beam coins is 49,466,004,168.

If you're interested in keeping track of Beam's market performance, you can check out the most active and popular exchanges for buying or selling BEAM, which include Binance, Kucoin, and Kraken.

Beam's highest price ever was $3.18, reached on January 28, 2019.

This milestone marked a significant point in Beam's history, although the exact context and market conditions surrounding this event are not specified in the available information.

The $3.18 price point is a notable benchmark for Beam's value, serving as a reference point for future price analysis and comparison.

This historical high can be used as a basis for understanding Beam's price fluctuations and potential future trends, but it's essential to consider other factors that may influence the market.

On January 28, 2019, Beam's price reached its highest point, which is now a part of its cryptocurrency value history.

Beam's lowest price was a significant milestone, reaching $0.0170 on December 11, 2022.

This price point was a notable low for the cryptocurrency, and it's interesting to note that it was reached over two years ago.

The live Beam price is $0.021246 USD with a 24-hour trading volume of $35,116,609 USD. This is a significant amount of trading activity, and it's not uncommon to see such high volumes in the cryptocurrency market.

Beam is currently ranked #89 on CoinMarketCap, with a live market cap of $1,050,935,344 USD. This ranking can fluctuate over time, so it's essential to keep an eye on it.

The circulating supply of Beam coins is 49,466,004,168, and the maximum supply is not available. This information can be helpful for investors who want to understand the potential for Beam's price to increase or decrease.

Here's a quick rundown of Beam's performance over the past 24 hours:

Keep in mind that Beam's price can be volatile, and it's essential to do your own research and consider multiple sources before making any investment decisions.

Beam's unique features make it stand out in the market. Beam's blockchain was built from scratch using the C++ programming language, ensuring a high level of security and stability.

This approach helps to eliminate the problem of user data mismanagement, keeping the system cleaner and more secure. Beam's focus on user data security is evident in its approach to user addresses, which are kept confidential at all times and never disclosed to third parties.

Users have total control over their privacy, deciding who can access their information and what they are allowed to see. This level of control is a major advantage for those who value their online security and anonymity.

Beam's blockchain was built from scratch using the C++ programming language, giving it a solid foundation for secure transactions. This unique approach helps eliminate the problem of user data mismanagement.

User addresses on Beam are kept completely confidential, never disclosed to any third parties. This ensures that users have total control over their privacy.

Beam's system is designed to be cleaner and more secure due to the way it handles transactions. This makes it an attractive option for financial counterparties.

Users have the freedom to decide who can access their information and what they are allowed to see. This level of control is a major advantage of using Beam.

The Beam network has a max supply of 262,800,000 coins.

New coins are mined through Beam's PoW consensus mechanism, which ensures the integrity of the network.

The Beam network employs periodic halving to reduce mining rewards by half, preventing a decrease in the BEAM price due to excess circulating supply.

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Beam Coin's unique consensus algorithm, Proof of Capacity (PoC), allows for energy-efficient and environmentally friendly transactions.

The PoC algorithm rewards miners for contributing their hard drive space, making it a more decentralized and community-driven process.

Beam Coin's block time is 1 minute, which is faster than many other cryptocurrencies, allowing for quicker transaction processing and settlement.

This faster block time also enables Beam to handle more transactions per second, making it a more scalable option for everyday use.

Beam Coin's trading pairs are available on several major exchanges, including Binance, Huobi, and Kraken, providing users with a range of options for buying and selling.

The Beam Coin market cap has fluctuated significantly in recent years, influenced by factors such as market sentiment and regulatory developments.

Beam's development team has been hard at work, pushing over 3,000 commits to their core protocol in the past year, making it one of the top 10 most active projects in the space.

The bulk of this work has focused on key areas such as mining pool API, Android and iOS wallets, and a cold wallet. Additionally, they've completed important milestones like atomic swaps with BTC, LTC, and QTUM, as well as a proof of concept for Lightning.

Here are some of the notable milestones they've completed in the past year:

Their roadmap still has some exciting milestones to look forward to, including Ledger and Trezor support, multisig support, and confidential assets on mainnet.

Beam was launched in 2019, built on the MimbleWimble protocol that prioritizes privacy and scalability in transactions.

The MimbleWimble protocol, named after a spell from the Harry Potter series, allows for transactions to be verified without revealing significant information about the parties involved.

Beam's focus on privacy sets it apart in the realm of digital currencies, emphasizing the need for confidential transactions.

The Beam ecosystem has evolved beyond just a privacy coin, incorporating a gaming network powered by the Merit Circle DAO.

The Merit Circle DAO was established in early 2021, aiming to innovate within the gaming industry and offer $BEAM token holders a say in its governance processes.

Beam's $BEAM token plays a pivotal role in the governance of the Merit Circle DAO, making it essential for transactions within the Beam network.

Beam's approach to managing its supply is dynamic, influenced by token migration, buybacks, and burns, which reflects the project's adaptability to the community's needs and the broader blockchain ecosystem.

Beam's development team has been working tirelessly to advance their protocol, with over 3,000 core commits in the past year, placing them at number 10 in the space.

Their GitHub repository shows a significant amount of code being pushed, with extensive commits to their core protocol.

The bulk of these commits have taken place on their core protocol, which is an encouraging sign for the project's growth.

Beam's development roadmap has been steadily progressing, with key milestones completed in the past year, including the Mining Pool API, Android and iOS Wallets, Cold Wallet, and Beam to BTC, LTC, QTUM Atomic Swap.

Their roadmap still has some important milestones to look forward to, including Ledger & Trezor Support, Multisig Support, and Confidential Assets on Mainnet.

To stay up-to-date with Beam's development, you can follow their official blog or head to their documentation for additional information.

Here are some of the completed milestones from Beam's development roadmap:

And here are some of the upcoming milestones:

Beam's monetary policy is designed to maintain a stable and secure store of value. The supply of Beam will never exceed 263 million BEAM.

The coin uses a deflationary emissions scheme, similar to Bitcoin, where block rewards are halved over time. This means the initial block reward of 80 BEAM will decrease significantly.

Roughly every 4 years, the block reward will be halved, and this process will continue until it reaches zero in approximately 2152. After that, no more BEAM coins will be created.

A portion of each block reward is paid into the Beam Treasury, which is then distributed to the Beam Foundation. This includes developers, advisors, and investors who receive a monthly payout.

The Treasury reward is 25% of the block reward, which finances the ongoing development of Beam.