Focused on the implementation of private transactions cryptocurrency Beam was the first in its history hard fork, writes the portal Messari.
We are glad to announce that the first planned @beamprivacy Hard Fork was successful. The fork occured at block 321,321 and everything is working as expected. We are continuously monitoring the network. #mimblewimble #privacymatters
— @Beamprivacy (@beamprivacy) August 15, 2019
The hard fork was successfully implemented on block 321 321 according to the plan， described in the project roadmap. With him to the Protocol of the Beam was attached a specially designed variation of the hashing algorithm EquiHash called Beam II Hash and introduced a new minimum Commission for performing transaction.
This is the first of two planned Beam forks.
Beam CEO Alexander Zaidelson in a conversation with Messari said that the main task of the hard fork was “to give a signal to the developers of ASIC devices that there is no point in starting work on miners”.
Beam is currently the 112th largest asset on the exchange in terms of capitalization.
Beam was launched earlier this year as the first cryptocurrency on the Mimblewimble privacy Protocol. Beam hides address information in the public blockchain and makes transactions private by default. The launch of the cryptocurrency was carried out without a premium and ICO.
Earlier, hard fork was also implemented in the blockchain of the second cryptocurrency on the Mimblewimble protocol — Grin