BeamX Improvement Proposals — BIP 1 & BIP 2

With the discussion around the Confidential Asset issuance amount having kicked off in the forum last week, the time has come to vote on the very first BeamX Improvement Proposals, BIPs. The first and second BIP, namely BIP 1 and BIP 2, are now live on the forum and ready for the community vote to begin.

Vote now!

BIP 1 — Reduce CA minting cost

BIP 2 — Directing CA mint fee to miners

Both BIPs will be up for voting until 1 PM GMT on Friday the 13th.

The first BIP covers the reduction in $BEAM required to issue new Confidential Assets.

The second BIP covers a change that was brought up in the CA discussions. Currently $BEAM is locked in order to issue a new CA. BIP 2 proposes to have $BEAM as an issuance fee going to miners to compliment the current block rewards.

These first two BIPs will have voting conducted off chain in the Beam Forum. This is to enable the updates to take place in the upcoming Hardfork, scheduled for mid June. Forthcoming BIPs will have voting completed via the Beam Governance Dapp, with discussions surrounding them continuing to take place in the forum.

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