You are using an older browser version. Please use a supported version for the best MSN experience.

10 of the Most Private Cryptocurrencies To Invest In

GOBankingRates Logo By John Csiszar of GOBankingRates | Slide 2 of 11:  Coin price as of June 8: $0.61  A lot of the terms in the crypto world may seem unusual to the casual investor. Beam is a great example, as it uses the MimbleWimble and LelantusMW protocols which operate in the world of confidential Decentralized Finance. Beam is focused primarily on security, as transactions are private by default and addresses are not stored in the blockchain. Although Beam uses the same Unspent Transaction Output model as Bitcoin, Beam’s values are encrypted by so-called “blinding factors,” giving it an extra level of security. Read More: What Are Altcoins — and Are the Potential Rewards Worth the Risks?

Beam (BEAM)

  • Coin price as of June 8: $0.61

A lot of the terms in the crypto world may seem unusual to the casual investor. Beam is a great example, as it uses the MimbleWimble and LelantusMW protocols which operate in the world of confidential Decentralized Finance. Beam is focused primarily on security, as transactions are private by default and addresses are not stored in the blockchain. Although Beam uses the same Unspent Transaction Output model as Bitcoin, Beam’s values are encrypted by so-called “blinding factors,” giving it an extra level of security.

Read More: What Are Altcoins — and Are the Potential Rewards Worth the Risks?

© Nuthawut Somsuk / Getty Images

More from GOBankingRates

GOBankingRates
GOBankingRates
image beaconimage beaconimage beacon