Israel
Beam is a Blockchain startup founded in 2018 and headquartered in Israel. The company slogan, "Confidential, fast, easy to use", reflects its commitment to leading the way in confidential DeFi. Built on the Mimblewimble protocol, which prioritizes anonymity and compact blockchain size, BEAM utilizes the Pedersen Commitment scheme and zero-knowledge range proofs to ensure secure and private transactions.
What sets BEAM apart is its implementation of Mimblewimble using C++ and the utilization of a memory-hard Equihash Proof-of-Work algorithm for mining. The block time of 1 minute on average ensures efficiency while maintaining security.
The company recently received a $2.00M Venture Round investment on 20 May 2021, with notable investors such as Altonomy, Collider Ventures, Taureon, Youbi Capital, Lionschain Capital, Bering Waters Ventures, Alternity Capital, Ivo Georgiev, Patrick Dai, and Winslow Strong showing confidence in the potential of BEAM.
