The Beam cryptocurrency confidentiality-oriented transactions, which are based on the MimbleWimble algorithm, are rapidly growing in price – the coin has risen in price by 55% in just one day, and over the past week the increase was about 160%.
Analysts attribute such confident and sharp growth to the increased user interest in confidential cryptocurrencies in general and in the new generation of cryptocurrencies on the Mimblewimble protocol in particular.
“The increased attention to confidentiality can be directly related to the latest statements by a number of regulators about the possible tightening of control over the circulation of cryptocurrencies, as well as information about the Libra project from Facebook. The latter, despite a positive contribution to the development of a cryptocurrency market, can nevertheless jeopardize financial confidentiality, ”said Beam project director Alexander Zaydelson.
It is worth noting that the coin developers are also preparing to present a number of new technical solutions soon.
“In the coming days, we are launching an atomic swap that allows you to directly exchange Beam for Litecoin and Bitcoin without using exchanges. And also improved versions of desktop and mobile wallets of Beam will be released, ”said Alexander Romanov, CTO of the project.
In addition, the developers note that judging by the growth of the Russian-speaking Beam community in the Telegram, as well as by appeals to the support service, the largest influx of new users comes from Russia, Ukraine and other countries with a strong Russian-speaking community.