What is Beam (BEAM)?

Deep Dive

1. Core Functionality

BEAM serves as the backbone of the Beam Network. It covers transaction fees (gas) for all on-chain activities, including smart contracts and asset transfers. Post-mainnet transition, BEAM will secure the network via staking, requiring validators to hold tokens to propose blocks.

The token also acts as a governance tool, allowing holders to vote on protocol changes and exert checks on Beam DAO-adjacent entities. This decentralized structure ensures no single entity controls token supply or network rules.

2. Technical Architecture

Beam operates as an Avalanche subnet, combining Ethereum’s developer-friendly EVM with Avalanche’s high throughput and finality. During its developer preview phase, it uses a Proof of Authority (PoA) consensus, where trusted validators authenticate transactions.

Its EVM compatibility lets developers deploy Solidity-based dApps seamlessly, making it a hub for gaming and DeFi projects. The network plans to transition to a more decentralized consensus model post-mainnet.

3. Tokenomics & Ecosystem

BEAM has a fixed supply (no arbitrary minting) and 18-decimal divisibility. Over 4.1 billion tokens are staked (as of August 2025), incentivizing network security and community participation.

The ecosystem emphasizes gaming and AI, with projects like Sophon (a zkSync-based entertainment chain) integrating BEAM for staking rewards. Partnerships with platforms like Merit Circle DAO highlight its role in blockchain gaming toolkits.

Conclusion

BEAM is a governance and utility token anchoring a modular blockchain tailored for immersive dApps. Its hybrid architecture bridges Ethereum’s developer ecosystem with Avalanche’s scalability.

What innovations might Beam’s EVM compatibility unlock for cross-chain gaming ecosystems?