Source. Crypto info.com
What is Beam?
Beam is a cryptocurrency dedicated to maintaining the privacy and anonymity of its users. Unlike cryptocurrencies such as Bitcoin there is no user address information stored on the blockchain, and by having no pre mine of the coin or ICO (initial coin offering), Beam is instead backed by a treasury and has been designated a non-profit foundation.
Beam allows the creation of multiple asset types (for instance real estate tokens, corporate debts or even new currencies) which can then be exchanged via Beam confidential transaction mechanisms.
Beam is solving the blockchain scalability issue by using the “cut-through” feature of Mimblewimble (a blockchain protocol created to improve privacy, fungibility, and scalability of blockchains), which helps to avoid excessive computational overhead, helping the Beam blockchain be orders of magnitude smaller than competing blockchains.