What is beam coin?

The Mimblewimble protocol achieves privacy through a combination of confidential transactions and cut-through, which eliminates unnecessary data from the blockchain. This ensures that transaction details remain concealed while still allowing for the verification of transaction validity.

In terms of scalability, the Mimblewimble protocol leverages elliptic curve cryptography and compact block representation to reduce the size of the blockchain. This makes it possible for BEAM to handle a higher number of transactions per second compared to other cryptocurrencies that use more traditional blockchain architectures.

BEAM is a cryptocurrency that debuted in the early stages of 2019. Its primary objective is to develop a blockchain network that is both confidential and scalable. This unique focus sets it apart from numerous other digital currencies in the market.

BTCC is a leading cryptocurrency exchange that offers a wide range of services to its users. Among its offerings are spot trading, futures trading, and a secure wallet solution. These services cater to the diverse needs of crypto enthusiasts, from those looking to buy and sell digital currencies to those interested in advanced trading strategies.

The Mimblewimble protocol plays a pivotal role in BEAM's functionality. This protocol was initially introduced in 2016 as a revolutionary concept aimed at enhancing the privacy and scalability of Bitcoin. By adopting this protocol, BEAM seeks to address some of the inherent challenges faced by traditional blockchain networks.