Release Date: 20th May
Beam, a layer one privacy blockchain, is bringing confidentiality to the DeFi space. 2M USD funding has been secured to enable private DeFi building blocks such as AMM, LP, staking, algorithmic stable coin and more.
Multiple institutional and individual investors participated in the first round, including Collider Ventures, Altonomy, LionsChain, Alternity Capital, Youbi Capital, AirSpeed18, Bering Waters, Taureon, Patrick Dai, Winslow Strong, Ivo Georgiev and others.
It’s been a while since our previous update from September 2020 where the road to Confidential DeFi was primarily announced. BEAM has made a lot of progress since taking 2021 and we’re proud to finally share with you what’s next for Beam.
Lots of fancy-schmancy pics will follow — sit back and soothe your eyes.
The most important Hard Fork at height 1,280,000 that brings confidential Smart Contracts to Beam blockchain has been completed successfully as announced earlier. No consensus was changed.
As during the previous forks, most of Team Beam was online at the time of the time, constantly monitoring the health of the network and prepared for any contingency.
While the Fork was VERY smooth it was a moment of suspense when block 1,279,999 was mined and the team was waiting to see the post-fork block 1,280,000 appear. When it happened, it was a moment of joy and pride for the team.
Release Date: 8th June
Release Date: 5th June
From November 2019 Beam took a major step towards decentralization by moving from a centralized company structure to Beam Foundation. Currently, following the release of the 6.0 Fierce Fermion version, Beam is getting ready for the next step — gradual delegation of the governance to BeamX DAO.
Beam 6.0 is a hard fork version that will be released in the middle of May and will become active on block 1280000, approximately on June 13th, 2021. The most important upgrade of this fork is the addition of a Beam Virtual Machine (BVM) as an infrastructure to create Smart Contracts (a.k.a. Shaders)…
When paying for something in the fiat world, it is not customary to flash the entire contents of your wallet. We all love crypto for facilitating borderless trading and fast payments. But one thing that is severely lacking is the control over the visibility of our funds, made especially difficult with major blockchains displaying publicly the addresses, holdings, and balances. No trader, investor or VC benefits from exposing their entire portfolio for public scrutiny.
Anonymity is considered to be one of the cornerstones of the cryptocurrency market and blockchain technology in general. Yet, in most cases, when you want to trade crypto for profit or simply convert one coin to another, you have to forget about anonymity. As a rule, exchanges that facilitate crypto trading require signing up and verifying user identity through the KYC procedure.
There are exceptions to this rule and LetsExchange is one of them, allowing you to trade your coins instantly, without the need to provide any data but the info needed to process the transaction.
Confidential DeFi Platform and Cryptocurrency