Beam (BEAM)
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About BEAM
The Beam network is a gaming ecosystem empowered by the Merit Circle DAO. At the core of Beam is the Beam SDK, a flexible software development kit that enables game developers to choose from a variety of tools to integrate and structure blockchain elements within their games. BEAM is required to interact with the Beam network, facilitating transactions, smart contract interactions, and a seamless gaming experience. Additionally, the $BEAM token is the heart of the governance of the Merit Circle DAO, a decentralized autonomous organization that aims to revolutionize the gaming industry, allowing token holders to participate in its decision-making processes.
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Frequently Asked Questions about Beam
What is Beam (BEAM)?
The Beam ecosystem is a community-driven chain and ecosystem where gamers and developers collaborate to shape the future of the gaming industry. Beam Network is an open-source sovereign blockchain network focused on gaming. BEAM token is the native currency used within the Beam Network to pay for transactions and interact with smart contracts on the Beam Network, facilitating a seamless, immersive gaming experience.
How does Beam work?
Momentarily, Beam operates as an Avalanche subnet. In its developer preview mode, Beam employs a reputation-based Proof of Authority (PoA) consensus mechanism, enhanced with the Snowman protocol, which entrusts a selected group of reputable authorities to authenticate transactions and ensure the integrity of the blockchain.
What makes Beam unique?
In its developer preview mode, Beam operates under a reputation-based consensus method termed Proof of Authority (PoA), implying that one needs to acquire specific rights to build on it. These rights are provided by a 4 out of 8 multi-signature spread across various contributors of The Beam Foundation.
Where can I buy and trade Beam?
Beam (BEAM) is available on various centralized exchanges? such as Binance or Gate.io. Our Beam Markets page provides live BEAM prices, historical data, and market insights for informed trading.
What are the benefits of using Beam?
What sets Beam apart is its compatibility with Ethereum Virtual Machine (EVM), a highly advanced computational emulator that supports smart contract coding in Solidity. This cross-platform alignment allows developers to seamlessly port Ethereum-based applications onto Beam, opening a world of possibilities in building immersive, engaging games.
How can I store my Beam tokens securely?
BEAM tokens can be stored in Bitcoin.com Wallet or Metamask. A hardware wallet such as Ledger is a great option for those looking for enhanced security.
How can I build on Beam?
To learn more about building on the Beam Network, check out the technical documentation on Beam’s website.