Cryptocurrency Q&A
Which blockchain is beam on?
Which blockchain is beam on?
Caterina
Thu Sep 12 2024
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6 answers
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I'm curious to know which blockchain Beam is built on. Is it a custom-built blockchain, or is it based on an existing one like Bitcoin or Ethereum? Understanding the underlying technology behind Beam can help us better grasp its potential and limitations in the cryptocurrency and finance space. So, which blockchain does Beam utilize?
6 answers
CryptoAlly
Sat Sep 14 2024
BEAM, a groundbreaking decentralized finance (DeFi) platform, revolutionizes the financial landscape by harnessing the power of two advanced blockchain protocols.
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SakuraBlooming
Sat Sep 14 2024
At the heart of BEAM's innovation lies the integration of LelantusMW and Mimblewimble, two cutting-edge technologies that ensure enhanced privacy and scalability.
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Lucia
Sat Sep 14 2024
LelantusMW, a privacy-preserving protocol, obscures transaction details, protecting user identities and transaction amounts from prying eyes. This feature fosters a secure and trustless environment for financial transactions.
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JejuJoyfulHeartSoulMate
Sat Sep 14 2024
Mimblewimble, on the other hand, optimizes blockchain storage by removing unnecessary data, enabling BEAM to scale efficiently and maintain low transaction fees.
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CryptoGuru
Fri Sep 13 2024
Together, these protocols empower BEAM to offer a unique DeFi experience, where users can engage in financial activities with unparalleled privacy and efficiency.
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