[{"data":1,"prerenderedAt":2063},["ShallowReactive",2],{"docs-routename-\u002Fdocs\u002Fecosystem\u002Foverview\u002Ftechnical-bip-template":3,"docs-\u002Fdocs\u002Fecosystem\u002Foverview\u002Ftechnical-bip-template":4,"docs-surround-\u002Fdocs\u002Fecosystem\u002Foverview\u002Ftechnical-bip-template":262,"docs-category-\u002Fdocs\u002Fecosystem":272,"docs-index-\u002Fdocs\u002Fecosystem":1719},"\u002Fdocs\u002Fecosystem\u002Foverview\u002Ftechnical-bip-template",{"id":5,"title":6,"body":7,"description":238,"extension":255,"image":256,"meta":257,"navTitle":256,"navigation":258,"path":3,"seo":259,"stem":260,"__hash__":261},"docs\u002Fdocs\u002Fecosystem\u002Foverview\u002Ftechnical-bip-template.md","Technical BIP Template",{"type":8,"value":9,"toc":237},"minimark",[10,14,19,26,31,36,41,46,51,56,61,66,71,76,81,85,92,96,101,105,110,114,119,126,131,136,139,145,148,154,157,161,169,173,178,182,185],[11,12,6],"h1",{"id":13},"technical-bip-template",[15,16,18],"h3",{"id":17},"preamble","Preamble",[20,21,22],"p",{},[23,24,25],"code",{},"BIP#: \u003C# to be assigned>",[20,27,28],{},[23,29,30],{},"Title: \u003CBIP title>",[20,32,33],{},[23,34,35],{},"Author(s): \u003Clist of authors' names and\u002For email addresses and GitHub handles>",[20,37,38],{},[23,39,40],{},"Contributors: \u003Clist of contributor's names and\u002For email addresses and GitHub handles>",[20,42,43],{},[23,44,45],{},"Tags: template",[20,47,48],{},[23,49,50],{},"Type: BIP Type",[20,52,53],{},[23,54,55],{},"Status: \u003CAssigned by BIP Facilitator>",[20,57,58],{},[23,59,60],{},"Date Proposed: \u003Cyyyy-mm-dd>",[20,62,63],{},[23,64,65],{},"Date Ratified:\u003Cyyyy-mm-dd>",[20,67,68],{},[23,69,70],{},"Dependencies: \u003CList of dependent BIPs>",[20,72,73],{},[23,74,75],{},"Replaces: \u003CList of BIP it is replacing>",[20,77,78],{},[23,79,80],{},"License: \u003Cadded by BIP Author>",[15,82,84],{"id":83},"references","References",[86,87,88],"ul",{},[89,90,91],"li",{},"A list of supporting materials referenced by this BIP.",[15,93,95],{"id":94},"sentence-summary","Sentence Summary",[86,97,98],{},[89,99,100],{},"A description of what the Beam Improvement Proposal (BIP) is focused on. Suggest 30 words max.",[15,102,104],{"id":103},"paragraph-summary","Paragraph Summary",[86,106,107],{},[89,108,109],{},"A description of what the Beam Improvement Proposal (BIP) is focused on. Suggest 100 words max.",[15,111,113],{"id":112},"component-summary","Component Summary",[86,115,116],{},[89,117,118],{},"A description of the purpose of each component in the BIP. Suggest 30 words max per component.",[15,120,122],{"id":121},"motivation",[123,124,125],"strong",{},"Motivation",[86,127,128],{},[89,129,130],{},"A short description of the motivation behind the BIP.",[132,133,135],"h2",{"id":134},"specification-proposal-details","Specification \u002F Proposal Details",[20,137,138],{},"The details of the proposed technical solution. The specification should be detailed enough to allow an implementation team to begin development as well as testing. The specification for technical BIPs must include the following components:",[15,140,142],{"id":141},"proposed-code",[123,143,144],{},"Proposed Code",[20,146,147],{},"The final code that can be used directly in the executive vote to accept or reject the BIP.",[15,149,151],{"id":150},"test-cases",[123,152,153],{},"Test Cases",[20,155,156],{},"For the implementation or testing of the proposed code",[15,158,160],{"id":159},"security-considerations","Security Considerations",[86,162,163,166],{},[89,164,165],{},"This is one of the most important aspects of the Technical BIP proposal. The purpose of this section is to proactively document any security-relevant design information, decisions, potential failure modes, implementation details, and important discussions related to the proposed change. This section helps to optimize the BIP process by providing proactive guidance on security considerations when proposing a change that will affect the Beam network.",[89,167,168],{},"Backwards compatibility",[15,170,172],{"id":171},"auditor-information-and-report","Auditor Information and Report",[86,174,175],{},[89,176,177],{},"This section includes the audit partner details and the final audit report for the proposed code.",[15,179,181],{"id":180},"licensing","Licensing",[20,183,184],{},"Recommended licenses for developed code:",[86,186,187,197,205,213,221,229],{},[89,188,189,190],{},"MIT: ",[191,192,196],"a",{"href":193,"rel":194},"https:\u002F\u002Fopensource.org\u002Flicenses\u002FMIT",[195],"nofollow","Expat\u002FMIT\u002FX11 license ",[89,198,199,200],{},"BSD-2-Clause: ",[191,201,204],{"href":202,"rel":203},"https:\u002F\u002Fopensource.org\u002Flicenses\u002FBSD-2-Clause",[195],"OSI-approved BSD 2-clause license",[89,206,207,208],{},"BSD-3-Clause:",[191,209,212],{"href":210,"rel":211},"https:\u002F\u002Fopensource.org\u002Flicenses\u002FBSD-3-Clause",[195]," OSI-approved BSD 3-clause license",[89,214,215,216],{},"CC0-1.0: ",[191,217,220],{"href":218,"rel":219},"https:\u002F\u002Fcreativecommons.org\u002Fpublicdomain\u002Fzero\u002F1.0\u002F",[195],"Creative Commons CC0 1.0 Universal",[89,222,223,224],{},"GNU-All-Permissive: ",[191,225,228],{"href":226,"rel":227},"http:\u002F\u002Fwww.gnu.org\u002Fprep\u002Fmaintain\u002Fhtml_node\u002FLicense-Notices-for-Other-Files.html",[195],"GNU All-Permissive License",[89,230,231,232],{},"Apache-2.0: ",[191,233,236],{"href":234,"rel":235},"http:\u002F\u002Fwww.apache.org\u002Flicenses\u002FLICENSE-2.0",[195],"Apache License, version 2.0",{"title":238,"searchDepth":239,"depth":239,"links":240},"",2,[241,243,244,245,246,247,248],{"id":17,"depth":242,"text":18},3,{"id":83,"depth":242,"text":84},{"id":94,"depth":242,"text":95},{"id":103,"depth":242,"text":104},{"id":112,"depth":242,"text":113},{"id":121,"depth":242,"text":125},{"id":134,"depth":239,"text":135,"children":249},[250,251,252,253,254],{"id":141,"depth":242,"text":144},{"id":150,"depth":242,"text":153},{"id":159,"depth":242,"text":160},{"id":171,"depth":242,"text":172},{"id":180,"depth":242,"text":181},"md",null,{},true,{"title":6,"description":238},"docs\u002Fecosystem\u002Foverview\u002Ftechnical-bip-template","RjBeRf4U1wtz0Pl76IkJFM6MGRd_vdYqxy_FrTwCa30",[263,267],{"title":264,"path":265,"stem":266,"description":238,"children":-1},"Governance Evolution","\u002Fdocs\u002Fecosystem\u002Foverview\u002Fgovernance","docs\u002Fecosystem\u002Foverview\u002Fgovernance",{"title":268,"path":269,"stem":270,"description":271,"children":-1},"Beam Token Economics","\u002Fdocs\u002Fecosystem\u002Foverview\u002Ftokenomics","docs\u002Fecosystem\u002Foverview\u002Ftokenomics","Beam is designed to be a deflationary coin with capped supply, halving every four years and stopping emission altogether after 133 years.",[273,831,1126,1212,1319,1433,1603],{"id":274,"title":275,"body":276,"description":238,"extension":255,"image":256,"meta":826,"navTitle":256,"navigation":258,"path":827,"seo":828,"stem":829,"__hash__":830},"docs\u002Fdocs\u002Fecosystem\u002FREADME.md","Beam Documentation",{"type":8,"value":277,"toc":800},[278,281,285,288,295,298,306,343,357,361,370,384,393,399,403,445,450,453,457,468,472,475,479,482,490,504,508,511,514,524,527,541,545,561,565,568,572,575,579,587,591,596,600,603,609,624,630,650,654,657,670,676,688,694,698,701,704,710,714,744,748,751,754,771],[11,279,275],{"id":280},"beam-documentation",[132,282,284],{"id":283},"welcome-to-beam","Welcome to Beam",[20,286,287],{},"Beam is a best-in-class confidential cryptocurrency and DeFi platform.",[20,289,290],{},[291,292],"img",{"alt":293,"src":294},"Beam Confidential Cryptocurrency and BeamX Confidential DeFi Platform","\u002Fog-image.png",[20,296,297],{},"Our focus is to deliver the best possible level of privacy and confidentiality without compromising on usability. This article will provide a brief overview of Beam project, what it can do, and how to get started with our platform.",[20,299,300,301,305],{},"Beam is a profound, engaging, and long-term project with unique and innovative technology, a great community, and ambitious goals. To learn more about Beam, you are welcome to visit our ",[191,302,304],{"href":303},"\u002F","website"," and join us on:",[86,307,308,315,322,329,336],{},[89,309,310],{},[191,311,314],{"href":312,"rel":313},"https:\u002F\u002Ft.me\u002FBeamPrivacy",[195],"Telegram",[89,316,317],{},[191,318,321],{"href":319,"rel":320},"https:\u002F\u002Ftwitter.com\u002Fbeamprivacy",[195],"Twitter",[89,323,324],{},[191,325,328],{"href":326,"rel":327},"http:\u002F\u002Fdiscord.gg\u002FBHZvAhg",[195],"Discord",[89,330,331],{},[191,332,335],{"href":333,"rel":334},"https:\u002F\u002Fwww.reddit.com\u002Fr\u002Fbeamprivacy\u002F",[195],"Reddit",[89,337,338],{},[191,339,342],{"href":340,"rel":341},"https:\u002F\u002Fwww.youtube.com\u002Fchannel\u002FUCddqBnfSPWibf4f8OnEJm_w",[195],"YouTube",[20,344,345,346,351,352,356],{},"Don't hesitate to get in touch with ",[191,347,350],{"href":348,"rel":349},"https:\u002F\u002Ft.me\u002FBeamSupport",[195],"Beam Support on Telegram"," or email us at ",[191,353,355],{"href":354},"mailto:support@beam.mw","support@beam.mw",".",[132,358,360],{"id":359},"a-brief-history-of-beam","A brief history of Beam",[20,362,363,364,369],{},"Beam launched in March 2018 with a singular vision: creating the best possible privacy coin that does not compromise usability. We moved quickly to assemble a team of world-class developers that shared our vision of a genuinely confidential cryptocurrency. In nine short months, our team built the first version of the Beam blockchain, and on January 3rd, 2019, we launched the Mainnet. Since then, Beam has been delivering and expanding our promise of creating a truly confidential cryptocurrency (currently on version 6.0). Our entire project is ",[191,365,368],{"href":366,"rel":367},"https:\u002F\u002Fgithub.com\u002FBeamMW",[195],"open source"," from both a coding and development process. The Beam protocol is coded entirely from scratch; not a hard fork or clone of another project.",[20,371,372,373,378,379,383],{},"Beam is a deflationary coin with capped emission and periodic halving every four years (similar to bitcoin). Beam uses a Proof-of-Work consensus algorithm called BeamHash III (created by Wilke Trei, a.k.a., Lolliedieb, ",[191,374,377],{"href":375,"rel":376},"https:\u002F\u002Fdocs.beam.mw\u002FBeam_Hash_III_Slides.pdf",[195],"pdf",") with emission starting from zero (e.g., no pre-mine or ICO) and is currently mined on GPUs. See our ",[191,380,382],{"href":381},"\u002Fdocs\u002Fmining","mining guide"," for more information on how-to mine Beam coins.",[20,385,386,387,392],{},"During the last five years of the project's existence, we have made many improvements and additions to our technological stack. Currently, Beam uses a combination of Mimblewimble and Lelantus protocol on layer 1, with transactions routed through Dandelion++ and transactions merging in stem phase on Layer 0 for ultimate privacy. To learn more about Beam technology, please refer to our ",[191,388,391],{"href":389,"rel":390},"https:\u002F\u002Fgithub.com\u002FBeamMW\u002Fbeam\u002Fwiki",[195],"wiki ","page.",[20,394,395],{},[191,396,397],{"href":397,"rel":398},"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=oNsT3M6NWTI",[195],[15,400,402],{"id":401},"beam-wallets","Beam Wallets",[20,404,405,406,410,411,410,414,410,417,422,423,428,429,434,435,439,440,444],{},"Beam implemented sleek, beautiful, and user-friendly wallets for all platforms (",[191,407,409],{"href":408},"\u002Fdownloads\u002F","Windows",", ",[191,412,413],{"href":408},"Mac",[191,415,416],{"href":408},"Linux",[191,418,421],{"href":419,"rel":420},"https:\u002F\u002Fitunes.apple.com\u002Fus\u002Fapp\u002Fbeam-privacy-wallet\u002Fid1459842353?ls=1&mt=8",[195],"iOS",", and ",[191,424,427],{"href":425,"rel":426},"https:\u002F\u002Fplay.google.com\u002Fstore\u002Fapps\u002Fdetails?id=com.mw.beam.beamwallet.mainnet",[195],"Android","). To get started using Beam wallets, proceed to ",[191,430,433],{"href":431,"rel":432},"http:\u002F\u002Fbeam.mw\u002Fdownloads\u002F",[195],"downloads"," and refer to our ",[191,436,438],{"href":437},"\u002Fdocs\u002Fdesktop","Desktop ","or ",[191,441,443],{"href":442},"\u002Fdocs\u002Fmobile","Mobile ","User Guides.",[20,446,447],{},[291,448],{"alt":238,"src":449},".gitbook\u002Fassets\u002FMain%20screen%20top.PNG",[20,451,452],{},"Let's revisit the major functionalities supported by Beam nodes and Beam wallets:",[15,454,456],{"id":455},"private-transactions","Private Transactions",[20,458,459,460,463,464,467],{},"All Beam transactions are ",[123,461,462],{},"private by default",", which means no one can see the Sender or Receiver of the transaction or the transaction's value (except, of course, for the participants of the transaction itself). ",[123,465,466],{},"No addresses or other identity-related information is ever recorded on the blockchain",", which means the user's transaction history always remains private. This level of privacy places Beam in a class of its own.",[15,469,471],{"id":470},"atomic-swaps","Atomic Swaps",[20,473,474],{},"Beam has built an Atomic Swap functionality that allows peer-to-peer trading of Beam for Bitcoin, Ethereum, Litecoin, DOGE (and more) in a completely decentralized way without an exchange or any other 3rd party intermediary. Atomic Swaps are the pinnacle of decentralization, censorship resistance, and core values of cryptocurrencies. In our usual way, we have made them easy to use by integrating an Atomic Swap marketplace into our wallets and supporting a simplified process to set up the Atomic Swaps from wallet settings.",[15,476,478],{"id":477},"direct-payment-channels-aka-laser-beam","Direct Payment Channels (a.k.a. Laser Beam)",[20,480,481],{},"Beam supports creating direct payment channels between wallets that work similarly to Lightning Network payment channels. The purpose of those channels is to allow instant payments along the funded channel between two wallets with almost instant confirmation time and later on-chain settlement. We called this feature \"Laser Beam,\" and it is perfect for streaming and micropayments.",[15,483,485,486],{"id":484},"tokens-aka-beam-confidential-assets","Tokens (a.k.a. Beam Confidential Assets) ",[191,487],{"href":488,"id":489},"#tokens-a-k-a-beam-confidential-assets","tokens-a-k-a-beam-confidential-assets",[20,491,492,493,495,496,499,500,503],{},"The Beam blockchain supports creating Confidential Assets, which just like Beam are ",[123,494,462],{},". This differs from Ethereum, which supports creating new tokens using Smart Contracts (e.g., ERC-20 and others), Confidential Assets on Beam boasts a ",[123,497,498],{},"Layer 1"," ",[123,501,502],{},"implementation as a first-class citizen"," with native support offered by all nodes, wallets, and Dapps. This implementation makes new asset creation more effortless, as the security and reliability would not require verifying and auditing a different smart contract for each new asset.",[15,505,507],{"id":506},"decentralized-apps-aka-dapps-and-dapp-store","Decentralized Apps (a.k.a. Dapps) and Dapp Store",[20,509,510],{},"Dapps are implemented via Smart Contracts (read below), they can be embedded into a Beam wallet or run on a standalone website. Expect multiple financial instruments and games to arrive in the next months!",[20,512,513],{},"Beam Wallets have a built-in Decentralized Application (DAPP) store that provides easy access for users and supports APIs that allow seamless integration and discovery of new apps.",[15,515,517,499,520],{"id":516},"smart-contracts-aka-beam-shaders",[123,518,519],{},"Smart Contracts (a.k.a. Beam Shaders)",[191,521],{"href":522,"id":523},"#smart-contracts-a-k-a-beam-shaders","smart-contracts-a-k-a-beam-shaders",[20,525,526],{},"Beam Shaders enable distributed DeFi applications to run through the Beam Virtual Machine (BVM) built into all Beam nodes and wallets. The Dapp logic implements through Smart Contracts that are programmable with any language compilable to WASM (read: practically every language). The developer toolchain currently works for C++ with additional programming languages (Go, Rust, etc.) planned for future releases.",[20,528,529,530,535,536,356],{},"Beam Shaders is a relatively new feature, and the documentation is still in progress. To learn more about creating DeFi applications on Beam, please refer to ",[191,531,534],{"href":532,"rel":533},"https:\u002F\u002Fgithub.com\u002FBeamMW\u002Fbeam\u002Fwiki#beam-confidential-defi-platform-in-progress",[195],"these guides"," and join the Beam ",[191,537,540],{"href":538,"rel":539},"https:\u002F\u002Ft.me\u002Fbeamdevsupport",[195],"Developers community on Telegram",[15,542,544],{"id":543},"beam-ethereum-bridges","Beam Ethereum Bridges",[20,546,547,548,553,554,560],{},"With great fanfare, we can announce that the Beam Bridge to Ethereum is now available on ",[191,549,550],{"href":408},[123,551,552],{},"Mainnet","! Users can seamlessly transfer assets across Beam and Ethereum blockchains using decentralized privacy-preserving cross-chain transactions. For more information on how to utilize Beam Bridges for cross-chain transactions, refer to our ",[191,555,557],{"href":556},"\u002Fdocs\u002Fbridges\u002F",[123,558,559],{},"Bridges guide","!",[132,562,564],{"id":563},"beam-essentials","Beam Essentials",[20,566,567],{},"If you are new to Beam, there are some essential concepts that you need to know and understand before you get started. Since Beam is an innovative confidential cryptocurrency, some things work differently from other coins you might have used. Knowing those differences is crucial to avoid problems and have the best possible Beam experience.",[15,569,571],{"id":570},"beam-is-a-new-and-experimental-technology","Beam is a new and experimental technology",[20,573,574],{},"Cryptocurrency is new and very experimental technology subject to volatile fluctuations in value, and Beam is no exception. Despite our best efforts to debug, test, and audit our software, bugs do happen. This technology should be used carefully and at your own risk. The flip side of the decentralized nature of crypto is that you and only you are responsible for the safety of your funds.",[15,576,578],{"id":577},"keep-your-seed-phrase-safe-at-all-times","Keep your seed phrase safe at all times",[20,580,581,582,586],{},"The seed phrase is a twelve-word mnemonic sequence used to generate all of your secret keys. Your seed phrase generates when you create a new wallet for the first time. Record and keep your seed phrase safe at all times. Losing or exposing your seed phrase might result in losing access to all funds. If you have any suspicion that your seed phrase is compromised, please follow the ",[191,583,585],{"href":584},".\u002F#exposed-seed-or-wallet","Exposed seed or wallet"," guide.",[15,588,590],{"id":589},"always-use-strong-passwords-for-your-wallets","Always use strong passwords for your wallets",[20,592,593,594,586],{},"Beam stores the wallet-related data in a local database file encrypted with your password. If someone else gains access to your computer or mobile phone, either physically or remotely, the database file can be accessed and hacked. We strongly recommend a password minimum of 16 characters\u002Fsymbols for wallets expected to hold significant amounts of funds either now or in the future. If you have any suspicion that your wallet is compromised, please follow the ",[191,595,585],{"href":584},[15,597,599],{"id":598},"beam-transaction-types","Beam Transaction types",[20,601,602],{},"Even though all Beam transactions are confidential by default, there are three different transaction types:",[20,604,605,608],{},[123,606,607],{},"Online transactions"," (recommended in most cases) have the lowest fees of any transaction type. Those transactions are created interactively by both wallets and require that both Sender and Receiver wallets are online within 12 hours of transaction creation. In most cases, both wallets are online when sending or receiving payments; the 12 hour time window offers users convenience and flexibility. The typical flow of such transaction usually looks as follows:",[610,611,612,615,618,621],"ol",{},[89,613,614],{},"The Receiver launches their wallet, clicks \"Receive,\" then copies the created \"Regular\" address before sending it to the Sender via any communication channel (email, Telegram, or other messenger apps). The Receiver leaves their wallet open as they wait for Sender.",[89,616,617],{},"The Sender launches their wallet, clicks \"send.\" In the \"Send to\" field, pastes the received address. The Sender enters the amount of Beam coins to send and clicks \"send.\"",[89,619,620],{},"The wallets then communicate with each other behind the scenes to complete the transaction. The Receiver's wallet automatically accepts the transaction, signs it, and sends it back to the Sender.",[89,622,623],{},"The Sender wallet completes the transaction and sends it to the network. The transaction will reflect the Sender\u002FReciever wallet balance after the block containing the transaction is added to the blockchain. Your transaction will read from \"in progress\" to \"completed.\"",[20,625,626,629],{},[123,627,628],{},"Offline transactions"," have higher fees than online transactions. Suppose the Sender knows that the Receiver will not be online within the next 12 hours and has no way (or will) to communicate with the Sender. In this case, the Sender can use a previously received address to send funds without any additional communication with the Receiver. The Receiver will see those funds the next time they open their wallets.",[20,631,632,635,636,639,640,644,645,649],{},[123,633,634],{},"Max Privacy transactions"," is a special Offline transaction that uses the ",[123,637,638],{},"maximum anonymity set",". In other words, it guarantees the user maximum privacy. Max Privacy transactions can take up to 72 hours to complete. Users can adjust the ",[191,641,643],{"href":642},"\u002Fdocs\u002Fmobile\u002Fsettings#privacy","lock times"," in their ",[191,646,648],{"href":647},"\u002Fdocs\u002Fdesktop\u002Fsettings#privacy","wallets",". However, shorter lock times equals less privacy; the highest lock time guarantees your private information remains confidential.",[15,651,653],{"id":652},"beam-addresses","Beam Addresses",[20,655,656],{},"Even though Beam uses the term \"Address\" for convenience, Beam addresses are different from most other cryptocurrencies. Beam Addresses are not recorded on the blockchain and are only used to communicate with other wallets to create different transaction types. Beam wallets will generate an address for every new transaction (recommended for most cases) and support three types of addresses:",[20,658,659,662,663,666,667,669],{},[123,660,661],{},"SBBS addresses"," are mostly used for CEX withdrawals and mining pools.",[664,665],"br",{},"\nThe receiver wallet must be online to receive the transaction. See ",[123,668,607],{}," section above.",[20,671,672,675],{},[123,673,674],{},"Regular addresses"," will function for Online and Offline transactions. The Receiver generates and shares a Regular address with the Sender. Then the Sender decides to make the payment Offline or Online before completing the transaction. Offline payments offer users flexibility if both parties cannot be online within 12 hours. In some (rare) cases, the Regular address will expire, and both parties will need to restart the transaction.",[20,677,678,681,682,356],{},[123,679,680],{},"Max anonymity set"," is a special Offline address that guarantees users maximum privacy. If the Receiver shares a Max anonymity address with Sender, the transaction type will change to ",[191,683,685],{"href":684},".\u002F#beam-transaction-types",[123,686,687],{},"Max Privacy",[20,689,690,693],{},[123,691,692],{},"Public Offline address"," is a unique address connected to your Beam wallet that never expires. Public Offline addresses are a little less secure in one aspect: the Sender can potentially see when the Receiver spends the funds sent to this address (though, of course, not to whom or how much). Since Beam is all about privacy, we only recommend using this address for donations or a Receiver wallet that is rarely online.",[15,695,697],{"id":696},"transaction-history-address-book-and-metadata-are-stored-locally-in-each-wallet","Transaction history, Address book, and metadata are stored locally in each wallet",[20,699,700],{},"Unlike most cryptocurrencies, Beam does not record your transaction history, wallet addresses, and other transaction-related data on the blockchain. That data is stored locally on your device, so data in your wallet does not reflect as data stored on the blockchain. If you are deleting your Beam wallet but wish to preserve the metadata, you should back up or export your wallet database before deleting your wallet.",[20,702,703],{},"Your wallet balance and transaction history can have inconsistencies if you have multiple wallets on different devices using one seed phrase.",[20,705,706],{},[191,707,708],{"href":708,"rel":709},"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=dm21bOh1TVg",[195],[132,711,713],{"id":712},"getting-started","Getting Started",[86,715,716,724,736],{},[89,717,718,723],{},[191,719,722],{"href":720,"rel":721},"https:\u002F\u002Fwww.beam.mw\u002Fdownloads",[195],"Download"," Beam wallet (available on every platform).",[89,725,726,727,731,732,735],{},"Read the guide for ",[191,728,730],{"href":729},"\u002Fdocs\u002Fdesktop\u002F","desktop"," and ",[191,733,734],{"href":442},"mobile"," wallets.",[89,737,738,739,743],{},"Get live ",[191,740,742],{"href":348,"rel":741},[195],"support"," if you run into any issues or have questions.",[132,745,747],{"id":746},"faq","FAQ",[15,749,585],{"id":750},"exposed-seed-or-wallet",[20,752,753],{},"If you have even the slightest suspicion that either your seed or wallet database file could have been exposed, follow these next steps immediately:",[610,755,756,759,762,765,768],{},[89,757,758],{},"Start the potentially exposed wallet or restore the wallet using the seed phrase on a clean device and verify your wallet balance hasn't changed",[89,760,761],{},"Create a new wallet and record the new seed phrase.",[89,763,764],{},"Transfer your coins from the old wallet to the new one and wait for the transaction to complete.",[89,766,767],{},"Once your transaction reads from \"in progress\" to \"completed,\" you can be confident that your funds are safe, but we are still not done.",[89,769,770],{},"Inform anyone you expect to receive payments from (Offline, Max Privacy, Public Offline), and provide them with new addresses from your new Beam wallet. Failure to do so might result in payments sent to your compromised wallet addresses.",[86,772,773,783,789,794],{},[89,774,775,776,410,779,782],{},"How to restore Beam wallet from seed phrase (",[191,777,730],{"href":778},"\u002Fdocs\u002Fdesktop\u002Frestore-wallet",[191,780,734],{"href":781},"\u002Fdocs\u002Fmobile\u002Fhow-to-restore-wallet",").",[89,784,785],{},[191,786,788],{"href":787},".\u002F#beam-addresses","How Addresses work in Beam.",[89,790,791],{},[191,792,793],{"href":684},"What are Max Privacy transactions?",[89,795,796],{},[191,797,799],{"href":798},"\u002Fdocs\u002Fbeampedia","Glossary of Beam terms",{"title":238,"searchDepth":239,"depth":239,"links":801},[802,803,814,822,823],{"id":283,"depth":239,"text":284},{"id":359,"depth":239,"text":360,"children":804},[805,806,807,808,809,810,811,813],{"id":401,"depth":242,"text":402},{"id":455,"depth":242,"text":456},{"id":470,"depth":242,"text":471},{"id":477,"depth":242,"text":478},{"id":484,"depth":242,"text":485},{"id":506,"depth":242,"text":507},{"id":516,"depth":242,"text":812},"Smart Contracts (a.k.a. Beam Shaders) ",{"id":543,"depth":242,"text":544},{"id":563,"depth":239,"text":564,"children":815},[816,817,818,819,820,821],{"id":570,"depth":242,"text":571},{"id":577,"depth":242,"text":578},{"id":589,"depth":242,"text":590},{"id":598,"depth":242,"text":599},{"id":652,"depth":242,"text":653},{"id":696,"depth":242,"text":697},{"id":712,"depth":239,"text":713},{"id":746,"depth":239,"text":747,"children":824},[825],{"id":750,"depth":242,"text":585},{},"\u002Fdocs\u002Fecosystem\u002Freadme",{"title":275,"description":238},"docs\u002Fecosystem\u002FREADME","P961kujLs5n7L_AmDJV79XSU2DgcwI9CQZ245IgVEig",{"id":832,"title":833,"body":834,"description":238,"extension":255,"image":256,"meta":1121,"navTitle":256,"navigation":258,"path":1122,"seo":1123,"stem":1124,"__hash__":1125},"docs\u002Fdocs\u002Fecosystem\u002Foverview\u002Fbeamx-dao-governance-framework.md","BeamX DAO: Governance Framework",{"type":8,"value":835,"toc":1102},[836,839,847,852,879,883,886,889,900,903,906,923,926,929,932,943,946,949,963,967,971,980,986,1013,1018,1022,1025,1029,1032,1035,1038,1042,1045,1053,1057,1061,1070,1081,1084,1088,1095,1099],[11,837,833],{"id":838},"beamx-dao-governance-framework",[132,840,841,499,843],{"id":838},[123,842,833],{},[191,844],{"href":845,"id":846},"#e032","e032",[20,848,849],{},[123,850,851],{},"TL;DR",[86,853,854,857,867,870,873,876],{},[89,855,856],{},"Proposals can modify system parameters or add entirely new functionality to the protocol.",[89,858,859,860,731,863,866],{},"Governance of BeamX DAO conducts through the voting of BeamX holders. There are two types of proposals ",[123,861,862],{},"Regular Proposals",[123,864,865],{},"Special Proposals"," -- each requires a vote, separate legal quorums, and a different processing path.",[89,868,869],{},"Any BeamX stakeholder can draft a governance proposal; the Facilitator holds the vote.",[89,871,872],{},"The standard voting cycle (voting epoch) lasts for two weeks or 20,160 blocks.",[89,874,875],{},"To vote in the current epoch, users must have staked their BEAMX tokens before it begins and cannot withdraw their tokens until the voting epoch ends.",[89,877,878],{},"As of this time, the Beam governance remains unchanged and is dependent on Facilitators and the Beam Foundation representatives responsible for interfacing between BeamX DAO and the Core Objectives of the Protocol.",[15,880,882],{"id":881},"bip-beamx-improvement-proposal","BIP (BeamX Improvement Proposal)",[20,884,885],{},"The Facilitators and Beam Foundation representatives will collect community feedback through an open and documented process called BeamX Improvement Proposals (BIP). The goal of BIPs is to reach the broadest possible consensus on how the BeamX DAO should evolve. Additionally, BIPs provide a mechanism for community members to define critical issues and suggest changes and improvements to the system, serving as a dynamic body of Law that regulates the network at any given moment. The BIPs process will offer the highest transparency and community input while minimizing undesirable results.",[20,887,888],{},"BIPs are standardized documents subject to community feedback and voting that, once enacted, define the behavior of the Governance and parameters in the Beam network.",[20,890,891,892,895,896,899],{},"There are two types of BIPs. One of which is ",[123,893,894],{},"Technical"," (this could be a proposal to alter or make additions to BeamX platform smart contract code, for example). All other types of submissions will be categorized as ",[123,897,898],{},"General"," BIPs.",[20,901,902],{},"All Beam proposals must follow the BIP templates.",[20,904,905],{},"You can find all submitted BIPs in the Beam Governance Section on Github.",[86,907,908,915],{},[89,909,910,911,356],{},"Technical BIPs must conform to the ",[191,912,6],{"href":913,"rel":914},"https:\u002F\u002Fapp.gitbook.com\u002Fo\u002F-M_G-3uaAbZMXViHLVZl\u002Fs\u002F-M_xT5mSJnNyG9Y96Eca\u002F~\u002Fchanges\u002F5iPJb9Ji3AqEU9prZ7tX\u002Foverview\u002Ftechnical-bip-template",[195],[89,916,917,918,356],{},"General BIPs must conform to the ",[191,919,922],{"href":920,"rel":921},"https:\u002F\u002Fapp.gitbook.com\u002Fo\u002F-M_G-3uaAbZMXViHLVZl\u002Fs\u002F-M_xT5mSJnNyG9Y96Eca\u002F~\u002Fchanges\u002F5iPJb9Ji3AqEU9prZ7tX\u002Foverview\u002Fgeneral-bip-template",[195],"General BIP Template",[15,924,862],{"id":925},"regular-proposals",[20,927,928],{},"Voting times for Regular Proposals run every voting epoch and last two weeks (or 20,160 blocks).",[20,930,931],{},"Regular Proposals include distributing a positive balance from the BeamX DAO income. DAO income distributes across three categories:",[86,933,934,937,940],{},[89,935,936],{},"Repurchase and burn BEAMX tokens.",[89,938,939],{},"Reward voters who actively participate in BeamX governance.",[89,941,942],{},"Replenish the DAO reserve pools, i.e., BEAMX\u002FBEAM or BEAMX\u002Fstable pools.",[15,944,865],{"id":945},"special-proposals",[20,947,948],{},"Special Proposals are only available for voting during specific voting epochs. Special Proposals may include the following:",[86,950,951,957],{},[89,952,953,956],{},[123,954,955],{},"Type A Proposals:"," Changes for specific parameters of the DAPPs controlled by BeamX DAO, e.g., fees, treasury management, grants.",[89,958,959,962],{},[123,960,961],{},"Type B Proposals:"," improvements to the BeamX DAO and governance mechanisms.",[132,964,966],{"id":965},"voting-cycle-for-regular-proposals","Voting cycle for Regular Proposals",[15,968,970],{"id":969},"submitting-regular-proposals","Submitting Regular Proposals",[20,972,973,974,979],{},"The Facilitators, i.e., Beam Foundation and BeamX DAO members, will submit Regular Proposals for a vote in the ",[191,975,978],{"href":976,"rel":977},"https:\u002F\u002Fforum.beam.mw\u002F",[195],"forums"," seven days before the next voting epoch. The team will set the initial BRR rate, and then each element can be increased by proportionally decreasing the other.",[20,981,982,985],{},[123,983,984],{},"For example",", if the initial BRR set (Burn, Reward, Rebate) were 5%, 65%, and 30%, respectively, then the vote would include four options*:",[610,987,988,995,1001,1007],{},[89,989,990,994],{},[991,992,993],"em",{},"No change,"," i.e., keep existing distribution (5% burn, 65% reward, 30% rebate).",[89,996,997,1000],{},[991,998,999],{},"Pro burn",", i.e., lower reward and rebate (10% burn, 61.6% reward, 28.4% rebate).",[89,1002,1003,1006],{},[991,1004,1005],{},"Pro reward,"," i.e., lower rebate and burn (4.3%, 70% reward, 25.7% rebate).",[89,1008,1009,1012],{},[991,1010,1011],{},"Pro rebate",", i.e., lower reward and burn (4.6% burn, 60.4% reward, 35% rebate).",[20,1014,1015],{},[991,1016,1017],{},"*Burn and rebate funds will be accumulated until the launch of the BeamX DAO reserve pools.",[15,1019,1021],{"id":1020},"creating-a-voting-session-for-regular-proposals","Creating a voting session for Regular Proposals",[20,1023,1024],{},"The Facilitators draft a vote on Regular Proposals one day before each scheduled voting epoch.",[15,1026,1028],{"id":1027},"voting-for-regular-proposals","Voting for Regular Proposals",[20,1030,1031],{},"Voting sessions last for one epoch. Users must have their BEAMX tokens locked in the voting contract during the previous voting epoch to be eligible to vote in the current voting epoch. One BEAMX token equals one vote, and each proposal must pass via an absolute majority, regardless of the total amount of BEAMX currently staked.",[20,1033,1034],{},"Voters (someone who has staked their BEAMX in the voting contract) can freely increase or decrease their stake. If they reduce their stake in BEAMX, their voting power reduces to the minimum stake value during the current voting epoch. If they increase their stake, their voting power will increase during the next voting epoch (provided they don't reduce their stake during that time).",[20,1036,1037],{},"To earn voter rewards, voters must vote on all proposals up for voting in the current epoch.",[15,1039,1041],{"id":1040},"implementation-of-the-regular-proposal","Implementation of the Regular Proposal",[20,1043,1044],{},"Once the voting epoch concludes, any surplus in DAO will distribute following the vote results:",[86,1046,1047,1050],{},[89,1048,1049],{},"Surplus marked for burn will go towards purchasing BEAMX using BeamX DAO reserve pools that BEAMX stakeholders can initiate at their discretion. DAO surplus marked as voter rewards for fully participating in the voting epoch (meaning they voted for every proposal) can claim their rewards (which will equal the value of their minimal stake) during the voting process.",[89,1051,1052],{},"Surplus marked for rebating will distribute across the reserve pools of BeamX DAO proportionally to the size of those pools that BEAMX stakeholders can initiate at their discretion.",[132,1054,1056],{"id":1055},"voting-cycle-for-special-proposals","Voting cycle for Special Proposals",[15,1058,1060],{"id":1059},"submitting-special-proposals","Submitting Special Proposals",[20,1062,1063,1064,1069],{},"All BEAMX stakeholders can post a Type A BIP on the Beam ",[191,1065,1068],{"href":1066,"rel":1067},"https:\u002F\u002Fforum.beam.mw",[195],"forum",". Each proposal must contain the following three elements:",[86,1071,1072,1075,1078],{},[89,1073,1074],{},"Description of a problem the proposal is aiming to solve.",[89,1076,1077],{},"A proposed solution.",[89,1079,1080],{},"Justification or reasoning of the proposed solution.",[20,1082,1083],{},"Special Proposals Type B require the stakeholders to publish a BeamX DAO Request for Comments. After rounds of community discussion and feedback, the final BIP may undergo revisions before being held for a vote.",[15,1085,1087],{"id":1086},"creating-a-vote-for-special-proposals","Creating a vote for Special Proposals",[20,1089,1090,1091,1094],{},"Following Faciliatory initiated ",[191,1092,1068],{"href":1066,"rel":1093},[195]," discussions, voting commences seven days before the voting epoch. All rules regarding voting that apply to Regular Proposals also extend to Special Proposals. In addition, the percentage of the total BEAMX supply will dictate quorum rules. The initial quorum ranges between 5%-20% of the current BEAMX circulating supply for Type A proposals and 15%-40% of BEAMX circulating supply for Type B proposals. The Facilitator will determine the exact percentage on a case-by-case basis. In the future, quorums will be open to proposed changes following the Type B format.",[15,1096,1098],{"id":1097},"implementation-of-the-special-proposal","Implementation of the Special Proposal",[20,1100,1101],{},"If a quorum is reached for a Special Proposal, the Beam Foundation and BeamX DAO Facilitator will honor the will of BEAMX stakeholders and carry out the proposal.",{"title":238,"searchDepth":239,"depth":239,"links":1103},[1104,1110,1116],{"id":838,"depth":239,"text":1105,"children":1106},"BeamX DAO: Governance Framework ",[1107,1108,1109],{"id":881,"depth":242,"text":882},{"id":925,"depth":242,"text":862},{"id":945,"depth":242,"text":865},{"id":965,"depth":239,"text":966,"children":1111},[1112,1113,1114,1115],{"id":969,"depth":242,"text":970},{"id":1020,"depth":242,"text":1021},{"id":1027,"depth":242,"text":1028},{"id":1040,"depth":242,"text":1041},{"id":1055,"depth":239,"text":1056,"children":1117},[1118,1119,1120],{"id":1059,"depth":242,"text":1060},{"id":1086,"depth":242,"text":1087},{"id":1097,"depth":242,"text":1098},{},"\u002Fdocs\u002Fecosystem\u002Foverview\u002Fbeamx-dao-governance-framework",{"title":833,"description":238},"docs\u002Fecosystem\u002Foverview\u002Fbeamx-dao-governance-framework","tnRcsUJk4dtoF4KJEkFX70xXAumgB4A1hcxLwlbHTeA",{"id":1127,"title":1128,"body":1129,"description":238,"extension":255,"image":256,"meta":1207,"navTitle":256,"navigation":258,"path":1208,"seo":1209,"stem":1210,"__hash__":1211},"docs\u002Fdocs\u002Fecosystem\u002Foverview\u002Fbeamx-tokenomics.md","BeamX Token Economics",{"type":8,"value":1130,"toc":1204},[1131,1134,1138,1141,1144,1147,1157,1163,1169,1181,1193,1198],[11,1132,1128],{"id":1133},"beamx-token-economics",[15,1135,1137],{"id":1136},"the-beamx-token","The BEAMX Token",[20,1139,1140],{},"BEAMX token is a Confidential Asset issued on top of the Beam blockchain with a fixed emission of 100,000,000 units (except for the lender of a 'last resort' scenario). The BeamX DAO Core contract manages BeamX token emissions.",[20,1142,1143],{},"BEAMX is the governance token for the BeamX DAO. Users can earn BeamX tokens by participating in the DAO activities: providing liquidity to the DeFi applications governed by the DAO or participating in the governance process.",[20,1145,1146],{},"BeamX tokens circulate on a block by block basis, spread over four years with slightly different emission schedules for each tranche:",[20,1148,1149,1152,1153,1156],{},[123,1150,1151],{},"DAO Treasury"," (20%)",[123,1154,1155],{},":"," The BeamX DAO has a dedicated treasury to incentivize and compensate community-driven development. The DAO, e.g., BeamX stakeholders, manage the Treasury. The DAO Treasury will start receiving tokens six months after the contract launch and receive BeamX tokens for four years.",[20,1158,1159,1162],{},[123,1160,1161],{},"Liquidity Mining"," (36%): The DAO plans to release and adopt several DAPPs. The majority will rely on locked liquidity providers that staked Beam coins or other Beam Confidential Assets in the BeamX DAO DAPPs liquidity pool. Locked liquidity providers will earn BeamX tokens as rewards. The DAO will allocate BeamX tokens to Liquidity Mining over four years to ensure long-term support of the ecosystem.",[20,1164,1165,1168],{},[123,1166,1167],{},"Ecosystem Partners"," (7%): Allocating BeamX tokens to Ecosystem Partners over four years is crucial for helping incentivize innovation and increase the use and exposure of Beam and BeamX. Ecosystem Partners will motivate existing projects to integrate into the BeamX platform and ensure long-term support of the ecosystem.",[20,1170,1171,1174,1175,1180],{},[123,1172,1173],{},"Foundation"," (17%): The ",[191,1176,1179],{"href":1177,"rel":1178},"https:\u002F\u002Fwww.beam-foundation.org\u002F",[195],"Beam Foundation"," will also receive BeamX tokens as part of the BeamX DAO. Transitioning to a DAO that fully self-governs both the Beam protocol and BeamX ecosystem will be gradual and take some time. The Beam Foundation will have voting power via BeamX token allocation to ensure a smooth and safe transition, with majority distribution going to the core team and future hires. The Beam Foundation will stop receiving the BeamX tokens after two years.",[20,1182,1183,1186,1187,1192],{},[123,1184,1185],{},"Investors"," (20%): The DAO has raised ",[191,1188,1191],{"href":1189,"rel":1190},"https:\u002F\u002Fmedium.com\u002Fbeam-mw\u002Fbeam-raises-2m-usd-decentralizes-governance-and-delivers-confidential-defi-infrastructure-4b13cebcbed3",[195],"initial funding"," from a closed group of accredited investors to implement the functionality and essential applications. Future investment rounds could be in the pipeline and may execute by the DAO through a voting process. Investors stop receiving BeamX overs after two years.",[20,1194,1195],{},[291,1196],{"alt":238,"src":1197},"https:\u002F\u002Ffirebasestorage.googleapis.com\u002Fv0\u002Fb\u002Fgitbook-x-prod.appspot.com\u002Fo\u002Fspaces%2F-M_xT5mSJnNyG9Y96Eca%2Fuploads%2FJTXs01zk3GlHIPn7sNBl%2Ffile.png?alt=media",[20,1199,1200],{},[291,1201],{"alt":1202,"src":1203},"Token allocation breakdown ","https:\u002F\u002Fmiro.medium.com\u002Fmax\u002F700\u002F1*zx2x6DXExQ_m8_QzRhNdUw.jpeg",{"title":238,"searchDepth":239,"depth":239,"links":1205},[1206],{"id":1136,"depth":242,"text":1137},{},"\u002Fdocs\u002Fecosystem\u002Foverview\u002Fbeamx-tokenomics",{"title":1128,"description":238},"docs\u002Fecosystem\u002Foverview\u002Fbeamx-tokenomics","Z5kKmosKDazvNhhSsITCQWV_3rr-ZwWFid1jSQ67nv8",{"id":1213,"title":922,"body":1214,"description":238,"extension":255,"image":256,"meta":1314,"navTitle":256,"navigation":258,"path":1315,"seo":1316,"stem":1317,"__hash__":1318},"docs\u002Fdocs\u002Fecosystem\u002Foverview\u002Fgeneral-bip-template.md",{"type":8,"value":1215,"toc":1305},[1216,1219,1221,1225,1229,1233,1238,1242,1246,1250,1254,1258,1262,1266,1268,1272,1274,1278,1280,1284,1286,1290,1294,1298,1300],[11,1217,922],{"id":1218},"general-bip-template",[15,1220,18],{"id":17},[20,1222,1223],{},[23,1224,25],{},[20,1226,1227],{},[23,1228,30],{},[20,1230,1231],{},[23,1232,35],{},[20,1234,1235],{},[23,1236,1237],{},"Contributors:",[20,1239,1240],{},[23,1241,45],{},[20,1243,1244],{},[23,1245,50],{},[20,1247,1248],{},[23,1249,55],{},[20,1251,1252],{},[23,1253,60],{},[20,1255,1256],{},[23,1257,65],{},[20,1259,1260],{},[23,1261,70],{},[20,1263,1264],{},[23,1265,75],{},[15,1267,84],{"id":83},[86,1269,1270],{},[89,1271,91],{},[15,1273,95],{"id":94},[86,1275,1276],{},[89,1277,100],{},[15,1279,104],{"id":103},[86,1281,1282],{},[89,1283,109],{},[15,1285,113],{"id":112},[86,1287,1288],{},[89,1289,118],{},[15,1291,1292],{"id":121},[123,1293,125],{},[86,1295,1296],{},[89,1297,130],{},[15,1299,135],{"id":134},[86,1301,1302],{},[89,1303,1304],{},"Proposed process standard details - describes the new process or feature and the problem it is solving.",{"title":238,"searchDepth":239,"depth":239,"links":1306},[1307,1308,1309,1310,1311,1312,1313],{"id":17,"depth":242,"text":18},{"id":83,"depth":242,"text":84},{"id":94,"depth":242,"text":95},{"id":103,"depth":242,"text":104},{"id":112,"depth":242,"text":113},{"id":121,"depth":242,"text":125},{"id":134,"depth":242,"text":135},{},"\u002Fdocs\u002Fecosystem\u002Foverview\u002Fgeneral-bip-template",{"title":922,"description":238},"docs\u002Fecosystem\u002Foverview\u002Fgeneral-bip-template","zco00cKsr7jeyF8G3FstX-E6A0bIgmjmT0JSq5kW3yo",{"id":1320,"title":264,"body":1321,"description":238,"extension":255,"image":256,"meta":1430,"navTitle":256,"navigation":258,"path":265,"seo":1431,"stem":266,"__hash__":1432},"docs\u002Fdocs\u002Fecosystem\u002Foverview\u002Fgovernance.md",{"type":8,"value":1322,"toc":1425},[1323,1326,1333,1338,1343,1348,1351,1354,1411,1417,1420],[11,1324,264],{"id":1325},"governance-evolution",[1327,1328,1330,1332],"h4",{"id":1329},"tldr-as-stated-from-the-get-go-while-beam-started-the-project-as-a-for-profit-venture-the-long-term-goal-always-was-to-pass-the-control-to-beam-holders-the-first-step-toward-such-decentralization-was-the-non-profit-beam-foundation-next-stage-is-the-beamx-dao",[123,1331,851],{}," As stated from the get-go, while Beam started the project as a for-profit venture, the long-term goal always was to pass the control to Beam holders, the first step toward such decentralization was the non-profit Beam Foundation, next stage is the BeamX DAO",[20,1334,1335],{},[291,1336],{"alt":238,"src":1337},"https:\u002F\u002Flh4.googleusercontent.com\u002FkDGHTsWOysG7q707-RwIXthzAOoPyUB48F3BfdyPVFDJZN02cgGgy0AKBA4vQWOgl76Ecn1TGloAKvndBIS0qRhVAJNEH6Sp4f8aSfuKzd1_gViVzoK410GEVFw4s6pdtmMVxy2M",[132,1339,1341],{"id":1340},"beam-foundation",[123,1342,1179],{},[20,1344,1345],{},[123,1346,1347],{},"The Beam Foundation uses the funds allocated to the Beam DAO Treasury to continue developing and promoting the Beam protocol and advance the broader privacy-related agenda.",[20,1349,1350],{},"The Beam Foundation is registered in Singapore as a Company Limited by Guarantee, the preferred method of writing a non-profit body in Singapore. Singapore is crypto-friendly, but also it is a truly global city, a place where East and West meet.",[20,1352,1353],{},"The Beam Foundation governs by a Board of up to seven members; the current Board, all of whom have supported Beam for a long time and have the project's best interests at heart. The four current board members are:",[86,1355,1356,1375,1389,1403],{},[89,1357,1358,1363,1364,1369,1370,356],{},[191,1359,1362],{"href":1360,"rel":1361},"https:\u002F\u002Ftwitter.com\u002Fvcorem",[195],"Guy Corem",": Professionally involved in the cryptocurrency industry since 2013, Guy co-founded and was the CEO of ",[191,1365,1368],{"href":1366,"rel":1367},"https:\u002F\u002Fwww.spondoolies-tech.com\u002F",[195],"Spondoolies-Tech",". In addition, Guy co-founded ",[191,1371,1374],{"href":1372,"rel":1373},"https:\u002F\u002Fwww.daglabs.com\u002F",[195],"DAG Labs",[89,1376,1377,1382,1383,1388],{},[191,1378,1381],{"href":1379,"rel":1380},"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fbo-dong-5a518648\u002F",[195],"Bo Dong: ","A veteran crypto trader and entrepreneur since 2016. Dong has a deep understanding of token economies and liquidity. Dong is the founder and CEO of ",[191,1384,1387],{"href":1385,"rel":1386},"https:\u002F\u002Fwww.altonomy.com\u002F#\u002F",[195],"Altonomy",", a well-known liquidity provider in the cryptocurrency space.",[89,1390,1391,1396,1397,1402],{},[191,1392,1395],{"href":1393,"rel":1394},"https:\u002F\u002Ftwitter.com\u002Fferdousbhai",[195],"Ferdous Bhai",": A highly-respected Bitcoin advocate, has established Canada’s largest Bitcoin OTC brokerage, YapCX, and started a high-performance cryptocurrency exchange, ",[191,1398,1401],{"href":1399,"rel":1400},"https:\u002F\u002Fwww.chainrift.com\u002F",[195],"ChainRift",". Ferdous is an acclaimed proponent of Bitcoin’s peer-to-peer decentralized permissionless governance.",[89,1404,1405,1410],{},[191,1406,1409],{"href":1407,"rel":1408},"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fwilke-trei-7bb6b357\u002F",[195],"Wilke Trei",": A mathematician specializing in computational discrete mathematics, Wilke is also a freelance mining software developer focusing on memory-heavy algorithms that run on GPUs.",[15,1412,1414],{"id":1413},"foundation-governance",[123,1415,1416],{},"Foundation Governance",[20,1418,1419],{},"The Board performs the Governance of the Foundation. After gauging the community's will via community calls, polls, and chats, the Board then decides by a simple majority.",[20,1421,1422],{},[291,1423],{"alt":238,"src":1424},"..\u002F.gitbook\u002Fassets\u002Fimage.png",{"title":238,"searchDepth":239,"depth":239,"links":1426},[1427],{"id":1340,"depth":239,"text":1179,"children":1428},[1429],{"id":1413,"depth":242,"text":1416},{},{"title":264,"description":238},"m1Cnjd2yrARzZW2XKbFDL9mXnsojmGrZQZ7W3b8xWG0",{"id":5,"title":6,"body":1434,"description":238,"extension":255,"image":256,"meta":1601,"navTitle":256,"navigation":258,"path":3,"seo":1602,"stem":260,"__hash__":261},{"type":8,"value":1435,"toc":1586},[1436,1438,1440,1444,1448,1452,1456,1460,1464,1468,1472,1476,1480,1484,1488,1490,1494,1496,1500,1502,1506,1508,1512,1516,1520,1522,1524,1528,1530,1534,1536,1538,1544,1546,1550,1552,1554],[11,1437,6],{"id":13},[15,1439,18],{"id":17},[20,1441,1442],{},[23,1443,25],{},[20,1445,1446],{},[23,1447,30],{},[20,1449,1450],{},[23,1451,35],{},[20,1453,1454],{},[23,1455,40],{},[20,1457,1458],{},[23,1459,45],{},[20,1461,1462],{},[23,1463,50],{},[20,1465,1466],{},[23,1467,55],{},[20,1469,1470],{},[23,1471,60],{},[20,1473,1474],{},[23,1475,65],{},[20,1477,1478],{},[23,1479,70],{},[20,1481,1482],{},[23,1483,75],{},[20,1485,1486],{},[23,1487,80],{},[15,1489,84],{"id":83},[86,1491,1492],{},[89,1493,91],{},[15,1495,95],{"id":94},[86,1497,1498],{},[89,1499,100],{},[15,1501,104],{"id":103},[86,1503,1504],{},[89,1505,109],{},[15,1507,113],{"id":112},[86,1509,1510],{},[89,1511,118],{},[15,1513,1514],{"id":121},[123,1515,125],{},[86,1517,1518],{},[89,1519,130],{},[132,1521,135],{"id":134},[20,1523,138],{},[15,1525,1526],{"id":141},[123,1527,144],{},[20,1529,147],{},[15,1531,1532],{"id":150},[123,1533,153],{},[20,1535,156],{},[15,1537,160],{"id":159},[86,1539,1540,1542],{},[89,1541,165],{},[89,1543,168],{},[15,1545,172],{"id":171},[86,1547,1548],{},[89,1549,177],{},[15,1551,181],{"id":180},[20,1553,184],{},[86,1555,1556,1561,1566,1571,1576,1581],{},[89,1557,189,1558],{},[191,1559,196],{"href":193,"rel":1560},[195],[89,1562,199,1563],{},[191,1564,204],{"href":202,"rel":1565},[195],[89,1567,207,1568],{},[191,1569,212],{"href":210,"rel":1570},[195],[89,1572,215,1573],{},[191,1574,220],{"href":218,"rel":1575},[195],[89,1577,223,1578],{},[191,1579,228],{"href":226,"rel":1580},[195],[89,1582,231,1583],{},[191,1584,236],{"href":234,"rel":1585},[195],{"title":238,"searchDepth":239,"depth":239,"links":1587},[1588,1589,1590,1591,1592,1593,1594],{"id":17,"depth":242,"text":18},{"id":83,"depth":242,"text":84},{"id":94,"depth":242,"text":95},{"id":103,"depth":242,"text":104},{"id":112,"depth":242,"text":113},{"id":121,"depth":242,"text":125},{"id":134,"depth":239,"text":135,"children":1595},[1596,1597,1598,1599,1600],{"id":141,"depth":242,"text":144},{"id":150,"depth":242,"text":153},{"id":159,"depth":242,"text":160},{"id":171,"depth":242,"text":172},{"id":180,"depth":242,"text":181},{},{"title":6,"description":238},{"id":1604,"title":268,"body":1605,"description":271,"extension":255,"image":256,"meta":1716,"navTitle":256,"navigation":258,"path":269,"seo":1717,"stem":270,"__hash__":1718},"docs\u002Fdocs\u002Fecosystem\u002Foverview\u002Ftokenomics.md",{"type":8,"value":1606,"toc":1711},[1607,1610,1616,1629,1632,1637,1640,1644,1647,1651,1654,1657,1660,1666,1669,1674,1680,1685,1689,1692,1697,1700,1703],[11,1608,268],{"id":1609},"beam-token-economics",[20,1611,1612,1615],{},[123,1613,1614],{},"Beam's emission schedule is primarily inspired by Bitcoin."," The main differences are that Beam has ten times as many blocks, and the year one emission is 100 Beam coins per block. The first halving occurs after year one year, with halvings occurring every four years, 33 times in total.",[20,1617,1618,1619,1622,1623,1628],{},"‌",[123,1620,1621],{},"Emission denomination is in Groth, the smallest measured unit of Beam;"," Named as tribute named to ",[191,1624,1627],{"href":1625,"rel":1626},"http:\u002F\u002Fwww0.cs.ucl.ac.uk\u002Fstaff\u002Fj.groth\u002F",[195],"Jens Groth",", whose work in computer science and cryptography laid the foundation for zero-knowledge proofs. One Beam contains 100,000,000 (one hundred million) Groth.",[20,1630,1631],{},"The total supply is 262,800,000 Beam coins, or 26,279,999,976,873,600 Groth.",[20,1633,1634],{},[123,1635,1636],{},"There were no pre-mine or ICO, so at the launch of Beam mainnet (January 3rd, 2019), there were 0 coins in circulation.",[20,1638,1639],{},"In the first five years of existence, Beam coin emission is split between Miner Rewards and the Treasury.",[15,1641,1643],{"id":1642},"miner-rewards","Miner Rewards",[20,1645,1646],{},"During the first year of Beam's emission schedule, the miner reward was 80 coins per block. In years 2–5, the reward is 40 coins per block. Year six miner rewards will reduce to 25 coins, with rewards halving every four years until year 129. After year 133, Beam emission will stop.\\",[15,1648,1650],{"id":1649},"treasury","Treasury",[20,1652,1653],{},"For the first five years of Beam's emission schedule, block rewards will allocate to the Beam Treasury (along with miners) for every block mined.",[20,1655,1656],{},"‌During year one, the Treasury receives 20 Beam coins per block. In years 2-5, 10 coins per block will go to the Treasury.",[20,1658,1659],{},"The purpose of the Treasury is to repay Beam investors, incentivize the core development team, but the most significant single beneficiary of the Treasury will be the Beam Foundation.",[20,1661,1662],{},[291,1663],{"alt":1664,"src":1665}," 20% treasury Distribution ","..\u002F.gitbook\u002Fassets\u002Fimage%20(1).png",[20,1667,1668],{},"The distribution of the Treasury Coins will occur monthly in the following amounts:",[20,1670,1671,1673],{},[123,1672,1185],{},": ~35%",[20,1675,1676,1679],{},[123,1677,1678],{},"Beam Core Team and Advisors",": ~45%",[20,1681,1682,1684],{},[123,1683,1179],{},": 20% (Biggest single beneficiary).",[15,1686,1688],{"id":1687},"emission-curve","Emission Curve",[20,1690,1691],{},"The beam emission curve (seen below):",[20,1693,1694],{},[291,1695],{"alt":238,"src":1696},"..\u002F.gitbook\u002Fassets\u002Fimage%20(3).png",[20,1698,1699],{},"90% off all Beam coins in circulation will 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