Privacy Cryptocurrency Beam Experiences Blockchain Stoppage

- Advertisement -

Newly released privacy-oriented cryptocurrency Beam reported this morning that its blockchain is experiencing technical difficulties.

Beam announced the information on its official Twitter account Monday, saying that its network “stopped at block 25709” and that it was investigating the matter.

Within the last hour, the project tweeted an update saying:

“Issue identified and fix found. Funds are safe. Commit to GitHub in the coming hour. Binaries and detailed Post-mortem later today. Thanks for your patience and stay tuned.”

CoinDesk will update this story as more information becomes available.

At its January launch, Beam became the first cryptocurrency based on Mimblewimble – a protocol that makes transactions confidential and virtually untraceable.

Since then, though, Beam has faced some technical issues. On Jan. 9, the team discovered a “critical vulnerability” in its wallet software and asked users to uninstall the wallet app immediately and re-download a patched version from their website.

- Advertisement -

While the critical bug was fixed, it could have put users’ funds at risk by allowing attackers to modify transactions and subsequently send funds directly into their own wallet, Beam’s developers said at the time.

Last week, a second privacy cryptocurrency based on Mimblewimble – Grin – also went live. While it has seen high interest from cypherpunks, sources told CoinDesk at the time that several VC funds were planning to mine the crypto in advance of its launch.

Broken chain image via Shutterstock

- Advertisement -



Previous Articles:

- Advertisement -

Latest News

Hamak Gold to Hold Bitcoin in Treasury, Aims for UK Leadership

Hamak Gold is moving part of its treasury funds into Bitcoin while continuing gold...

Symbolic 200 BRICS Bank Note Unveiled at 2025 Summit Sparks Buzz

A 200-denominated BRICS bank note appeared at the 2025 St. Petersburg forum, generating discussions...

$8.6B Bitcoin Move Sparks New Speculation Over Satoshi’s Identity

Bitcoin saw a record $8.6 billion transferred from dormant wallets in what is called...

Hong Kong to Expand Tokenized Bond Program, Eyes Regular Issuance

Hong Kong plans to expand its tokenized bond offerings and aims to make them...

Taiwan NSB Warns of Data Privacy Risks from China-Made Apps

Taiwan’s National Security Bureau (NSB) warns about security risks in China-developed apps like RedNote,...

Must Read

Top 10 Best Cryptocurrency Lending Platforms

This article needs an update. Many of the platforms listed here have closed their doors.In this article, we are presenting the best cryptocurrency lending...