Beam

Beam is used as a deflationary cryptocurrency with capped emission and periodic halving every four years, similar to Bitcoin. It uses a Proof-of-Work consensus algorithm called BeamHash III and is currently mined on GPUs. Beam offers several features to its users, including Atomic Swaps, Direct Payment Channels, Confidential Assets, Decentralized Apps, and Smart Contracts. Beam also offers an Atomic Swap marketplace integrated into its wallets, making it easy for users to trade Beam for other cryptocurrencies. Finally, Beam wallets have a built-in Dapp store that provides easy access for users to decentralized applications.

Although 'BEAM' was the ticker assigned at the deployment of the Beam Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'BEAMMW' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.