Beam

Purpose and Utility

Beam is a privacy-focused cryptocurrency launched in January 2019, implementing the MimbleWimble protocol. Its primary purpose is to enable private, confidential transactions while maintaining scalability. The project aims to provide both individuals and businesses with privacy-preserving financial transactions.

Business Model and Technology

Beam operates as a proof-of-work blockchain that implements confidential transactions by default. The protocol allows users to have full control over their privacy settings, enabling them to share transaction information selectively with auditors or regulators when needed. This makes it particularly suitable for business applications where privacy and regulatory compliance are both important.

Real-World Adoption

Beam has maintained steady development activity and continues to implement its roadmap. The project has focused on improving its core privacy features and user experience. While adoption remains limited compared to larger cryptocurrencies, there is consistent usage of the network for private transactions.

Token Distribution and Development

Beam had no ICO or pre-mine, with all tokens being created through mining rewards. The project implements a treasury mechanism where 20% of mining rewards go to the Beam Development Foundation to fund ongoing development. This structure aligns with Islamic principles as it represents fair distribution and value creation through actual work (mining).

Revenue Model Assessment

The primary revenue model is based on mining rewards and transaction fees, which represent compensation for actual work and service provision. The project doesn't involve interest-bearing mechanisms or forbidden activities.