What is Beam (BEAM)?BEAM is a private decentralized finance (DeFi) platform that runs on a combination of two blockchain protocols (LelantusMW and Mimblewimble). In the early years of the industry, transactions with public blockchain cryptocurrencies like Bitcoin (BTC) were thought to be untraceable. With developments in blockchain analytics, it has become clear that transactions can actually be traced back to senders, posing a huge threat to user privacy. To solve this problem, BEAM has come up with innovative ways to increase the anonymity of transactions, address balances, and user identities. Beam runs on the Mimblewimble protocol and was released in March 2018. Who are the founders of BEAM? Some of the key members of the Beam team include Alexander Zaidelson, Alex Romanov, and Amir Aaronson. Alexander Zaidelson is the general manager of the project. He started his career as a software developer and is a consultant for various startup projects. He also founded a P2P file sharing company, Nareos. Alex Romanov, the CTO, has worked with large teams on several complex projects. In addition to working at Beam, Amir Aaronson, the COO, has co-founded several technology companies. What makes Beam unique? Beam enables financial counterparties to conduct secure, stable and reliable transactions. This helps eliminate the problem of poor user data management, keeping the system cleaner and more secure. The Beam blockchain was built from the ground up in the C++ programming language. User addresses are kept confidential at all times and are never disclosed to third parties. Users have full access and control over their privacy by deciding who can access their information and what they can see. Beam supports custom transactions of different types, such as escrow, atomic swap, and time lock. How many Beam Coins (BEAM) are there in circulation? Beam has a maximum supply of 262,800,000 tokens, of which 81,970,000 are in circulation as of February 2021. How is the Beam network protected? Beam uses the Equihash proof-of-work algorithm, which was chosen for its ability to handle large amounts of data. Where can BEAM be purchased? BEAM can be traded on several major cryptocurrency exchanges, including: BinanceBitForexGate.ioHotbitCoinEx Learn more about buying Bitcoin with our guide.