Few cryptocurrencies have made as big of a splash in 2019 as micro-cap privacy coin, Beam (BEAM), which is currently only valued at $8 million in total market cap.
The First Mimblewimble Coin
Beam first gained mainstream crypto attention after becoming the first Mimblewimble privacy coin to launch, making its debut in early January. The technology behind the coin, which is named after a Harry Potter spell, ultimately allows for truly private transactions and a scalable blockchain that is smaller than other blockchain implementations.
Since that time, the Beam team has built off the awareness created by its launch, pushing through multiple partnerships and developments.