Hard Fork Completed

Published in

BEAM Privacy

2 min readJun 14, 2021

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.

Before

After

Aftermath

After the Hard Fork, a slight drop in difficulty occurred as expected.

Why did we do the Fork

The latest network upgrade is all about Shaders and bringing Confidential DeFi capabilities to the Beam Network. Expect multiple Decentralised Applications (DAPPs) to be executed both in Beam Nodes and Wallets!
BVM: The Beam Virtual Machine is live on Mainnet. This enables the running of Shaders within the Beam nodes.

What else is in this Hard Fork

The first Faucet POC DAPP was deployed to the network right after the hard fork!
The minimal transaction fee is 0.001 BEAM.
BeamHashIII remains the POW consensus for the Beam blockchain!

Acknowledgments

We would like to thank our wonderful community, the miners, the pools and the exchanges who worked diligently to perform the necessary software upgrades and help us pass the Hard Fork with flying colors.