• Blockchain Height: 285638
  • Coins in Circulation: 28,107,040 Beams
  • Total Supply: 262,800,000 Beams
  • Next Halving: Jan 04, 2020
  • Hard Fork: Aug 15, 2019
  • Blockchain Height: 285638
  • 28,107,040 Beams
  • Total Supply: 262,800,000 Beams
  • Next Halving: Jan 04, 2020
  • Hard Fork: Aug 15, 2019
The first Hard Fork is scheduled for Aug 15 (block #321321). To continue using Beam, all users must update all software to version 3.0 or higher before Aug 15.

Bulletproofs

Bulletproofs are short Proofs for Confidential Transactions. As solution privacy in the blockchain, Dr. Maxwell proposed the use of Confidential Transactionswhich hide amounts with the use of Pedersen Commitments. To verify that amounts are correct, range proofs are used to ensure that the sum of transaction inputs is greater than the sum of transaction outputs and that the amounts are not negative.

However, this is costly in terms of storage space, as range proofs need to be attached to every transaction.

Bulletproofs are short, non-interactive, zero-knowledge proofs that require no trusted setup. They are designed to enable efficient confidential transactions in Bitcoin and other cryptocurrencies. 

High-res logo