BEAM (CRYPTO: BEAM)

Beam (BEAM) is a privacy blockchain that uses the Mimblewimble protocol to provide complete transaction confidentiality. It offers features like confidential assets, DeFi, NFTs, and smart contracts, allowing private and secure transactions on the blockchain. The Beam token, previously the Merit Circle token, is utilized within the Beam blockchain ecosystem. It facilitates confidential transactions and is crucial for the operation of its privacy-focused DeFi services and applications. This includes the creation and trading of assets in a confidential manner.