What problem does this service solve?

BEAM aims to create a blockchain platform that will provide complete transaction confidentiality and can also be audited to ensure regulatory compliance.

Pirate Chain uses enhanced cryptography and a privacy focused consensus mechanism to allow users to send digital assets anonymously.

Horizen enables anonymous transactions and messaging.

Token Stats

Company Description

Beam is developing a confidential cryptocurrency that uses the Mimblewimble protocol. It will have a Proof-of-Work (PoW) consensus mechanism, and will enable private transactions that can be audited for compliance purposes.

Pirate Chain is a privacy focused cryptocurrency that is based on Komodo's dPoW consensus mechanism. Pirate Chain uses ZK-Snark cryptography to secure transactions that are sent on their anonymous, decentralized network.

Horizen, formerly called ZenCash, is a cryptocurrency focused on privacy. Horizen has an end-to-end-encryption system with zero-knowledge technology, that allows for anonymous transactions and messaging.
The company suffered a 51% attack in June, 2018 and has since re-branded as Horizen. Horizen hopes to combine anonymous transactions and messaging with an emphasis on community governance.

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Beam vs Pirate Chain vs Horizen

Beam

Pirate Chain

Horizen