Since its launch at the start of the year, the Beam cryptocurrency has quickly built support and interest amongst the community, regularly sitting in the CryptoCompare chart of the 200 most popular coins since its January bow. It launched without an ICO, and its progress, in the midst of a turbulent market, has been steady and impressive.
An upcoming hard fork in the middle of August is set to bring with it further improvements, that in turn should bolster its position further. As should the news we now learn, that it’s the latest addition to the popular Cudo Miner crypto software suite of supported coins.
This feels like something that suits both sides. A software package that’s continually attracted more and more people to the world crypto mining, with a coin that’s been gaining momentum of its own. The union of the two promises to make both bigger. Ultimately, too, to give users more choice.
Cudo Miner itself has earned itself a lot of support, a piece of software that’s knocked down barriers to entry for cryptocurrency miners. It’s installable on any computer, and can be up and mining coins within minutes, automatically tailoring itself to the optimum return. All of this irrespective of a user’s technical expertise.
Crucially, its community is an active one, and in this instance made the decision as to which coin to add to the software’s list of those supported. A poll was organised, and it was Beam that emerged as the top choice. As a direct consequence of that decision, Beam has now been added to the Cudo Miner package, effective right now. Cudo Miner users can now directly mine and hold Beam Coin, both before and after its upcoming hard fork.
The appeal of Beam – and the fuel behind its growth - is that it’s based on the Mimblewimble protocol (itself a technology that’s growing fast in the crypto space), and from day one it’s billed itself as based on a scalable, confidential blockchain. Users have latched onto that hence its popularity in the Cudo Miner community vote. Beam’s full roadmap, and details on the project, can be found here.
Representatives from both sides have understandably welcomed the news. Cudo Miner’s CEO Matt Hawkins said that:
Beam is a project with a huge amount of potential. Its strong community following, combined with mining profitability, means it’s the perfect coin to add to our mining platform. By working directly with the Beam Team, we’re ensuring our mining software will be as profitable as possible for mining Beam.
For Beam’s part, its CMO – Beni Issembert – added that “mining is a crucial part of securing the Beam network and ensuring Beam's miners are our first circle of partners. We’re pleased to work closely with Cudo Miner in order to share our project with its established mining community”.
The collaboration is now live, and users can download the Cudo Miner software – with Beam support – by heading to http://bit.ly/CudoMinerBeam.