BEAM (BEAM)
Summary
Market Capitalization: USD 33,9 Mio. CMC Ranking: #101
Validation: Proof of WorkAlgorithm: Equihash (modified, forked every 6 months to counter ASICs)
Risk:
· Crowded field (Zcash, Monero, Grin, Bitcoin second layer solutions for privacy)
· No first-mover advantage
· Open-source, non-complying privacy projects preferred by the market
Chance:
· Formal governance backed by a treasury
· Further establishing a non-profit institution
· Regulations might restrict Beam and other complying projects.
Rating: Speculative Buy
In the already crowded space of privacy coin Beam offers a well-established and complying privacy coin based on MimbleWimble. This approach might be an issue, giving the fact that many users — e.g. because of criminal nature — do prefer an open-sourced system. So far, MimbleWimble privacy features are superior to any other private application existing in the market, however, that might not be good enough. As an example, Monero works well enough and has a clear first-mover advantage of a big network effect. In the crypto space, it is often seen, that this alone justifies…
