Beam 2020 Week #39 - 5.1 is (Almost) Out!!

Covering September 20th - September 27th 2020

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Beam News

It’s been a while in the making, and with Beam’s Eager Electron 5.1 version testnet wallets having had rigorous community tests over the last week, we are proud to announce that the mainnet version of EE 5.1 is almost ready for public release! So hold onto your hats as we shoot for the stars, the final throes of testing continues today, which proffers a large portion of work done into some amazing GUI wallet features such as atomic swap improvements and offline transactions. This has been a tough development challenge, but rest assured Beam has truly matured into what we can honestly regard as a best in class, full-featured, privacy-centred cryptocurrency. An exciting week has passed since our last newsletter and much has happened within the Beam community, with the groundwork now laid for Beam's Confidential DeFi platform.

Community

New! Each week we intend to offer a free banner placement in this newsletter, for one service which accepts Beam as payment method. Today’s is the first and we welcome WikiLeaks Shop.

As you may well know Wikileaks is a non-profit organisation that has published news leaks and classified media provided by anonymous sources since 2016. The proceeds from the WikiLeaks Official Shop are used to support WikiLeaks operations. It is great to have them onboard as merchants, accepting Beam, and giving those wishing to get some merch and support the cause, the be ability to do so in the private manner we all deserve.

For a full list of all shops and services, please see here.

Another piece of the jigsaw which is important to the Beam network and ecosystem, is the collective community nodes which enable you to run your wallet, anywhere in the world. Previously, Raskul had a full range of city-specific nodes around the world, and after some research on the usage of these, has condensed a few of these to be country-specific. A full list of his nodes can be found at https://www.raskul.com/beam-nodes/ and also under the Mainnet Community Nodes section on our official download page on the beam.mw website.

Research and Development

The last week saw the team, ambassadors, and community partaking in testing of the freshly released 5.1. Romanov again gave us an excellent explainer on the two new features in Beam wallets, Offline transactions and Max Privacy transactions, in the latest episode of Beam Pulse - Use the Pool, Luke. This was followed up

With the EE 5.1 mainnet release around the corner, EE 5.2 is expected to follow shortly after, with work being well on the way to bring the Max Privacy transactions to the GUI wallet.

Press

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Beam 2020 Week #38 - Use the pool, Luke

Covering September 14th - September 20th 2020

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Beam News

An exciting week for Beam with the Roadmap being finalised and released! Some astronomical endeavours being brought to the table, and with the execution of the Beam devs, no doubt they will be coming to fruition at a rapid speed.

The roadmap has been broken into three tracks, Wallet, Infrastructure, and DeFi. These three will come together seamlessly, adding scalability, use cases, and stellar UX, adding further value to the Beam ecosystem.

Check it out!

Beam Roadmap — the road to Confidential DeFi


As you may have noticed, there is a lot more attention being paid to DeFi applications, now that the majority of underlying infrastructure has been fine-tuned. With the upcoming proof of concepts, the applications for Beam users is set to expand!

With Eager Electron 5.1 scheduled for Testnet release tomorrow, let’s take a look and see what it’s all about!

EE 5.1 and the Pool

One of the keys to privacy, is the Pool! Lelantus MW was added to the CLI wallets after the most recent Hard Fork, and the 5.1 Testnet release will provide the first experience with it on Beam GUI wallets. This extra layer of protection builds on top of Beams already stellar base level of privacy and allows users to unlink any potential connections between their transactions. This further protects Beamers privacy against even the most resourceful attackers, and improves privacy for the network as a whole, even if you are not the one using it.

The targeted anonymity set is 64,000, and to achieve it, we need you, and we need you using the pool!

Due to the sheer magnitude of this release, we will have a couple of videos coming to us by way of Romanov. The first will focus on offline transactions, and our role as Beamers in testing the 5.1 powerhouse release. The later Beam Pulse addition will bring us up to speed on the different Lelantus modes, and how privacy is achieved.

For those with wishing to get in the mainnet pool, check out the simple step-by-step guide by Raskul to get shielded, stay anon, and get yourself unlinked!

Lelantus-MW resources:

Research and Development

The last week, Alex bought us the third episode of Beam Pulse, with a fun update on the meme competition, insights into the status of 5.1, and a great overview of how Maker Dao, and similar Algorithmic stable coins work.

One of the first applications of Beam Confidential DeFi, will be a Confidential Algorithmic Stablecoin. This is going to be a huge achievement, and something to look forward to!

Check out the latest from Alex to hear more about they work!

Current focus for Beam devs:

  • Ironing out 5.1 whilst on Testnet - Offline transactions, and improved Atomic Swaps

  • Start work on EE 5.2 - Max Privacy mode, Public Offline Address, and wallet sync

  • Beam Virtual Machine and contracts - Making great progress, with updates coming this week

  • Decentralised Bridges with Ethereum - Work continues, and is progressing nicely

Press

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Beam 2020 Week #37 - Proof of Meme

Covering September 7th - September 13th 2020

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Beam News

A busy week was had, with the roadmap being finalised, and due to be released this week, with Eager Electron 5.1 to follow close behind!

A lot has taken place whilst Beam has grown from humble beginnings, and we continue to push forward and grow. Over the last month or so, we have had our first Beam Community Call, along with an open invitation to comment on our Roadmap that will lead us into the future. Getting the community involved in the evolution of Beam is an important thing for us, and something we aim to have more of. We will have our second community call coming up, stay tuned for the announcement!

The last week Raskul launched a meme competition, met with a variety of feedback, and some interesting entries. The competition has concluded, with the results being shared today. Head on over and see who took home the grand prizes!

Meme Competition Results!!!


Whilst there, be sure to check out the array of guides, and information on Beam and privacy. A great resource for all things Beam!

The essence of memes are just for fun, and the contest was designed to engage the community above all else. It was a lighthearted event and shouldn't be taken too seriously, whilst we congratulate the winners it should be acknowledged that it was a tough decision and we loved the sheer volume of memes entered, each were fun and unique and we had a lot of laughs seeing them appear.

Research and Development

The last week, Alex took us through the latest Beam progress on the Confidential DeFi Platform currently being built out, along an in-depth explainer on how Uniswap and similar automatic market maker Dexs work. If you haven’t checked out the Beam Pulse series, be sure to do so, and leave us your feedback in the comments!

The coming weeks episode of Beam Pulse will take a look at stablecoins, specifically algorithmic stablecoins like Maker’s DAI. Alex will take us through how a similar construct will be possible on Beam, and the steps towards this that are currently being taken.

Press

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Beam 2020 Week #36 - DeFi Everything

Covering August 31st - September 6th 2020

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Beam News

A big week ahead for Beam, with the Roadmap update on its way, and the next major release, Eager Electron 5.1, in the final stages of testing. Rumor has it, this will be coming our way next week. With Max Privacy hitting the GUI wallets, it’ll give us the most private way to transact, with the ease of use we all know and love.

DeFi Everything

A lot has been happening in crypto, and specifically DeFi, in the last week alone. Much of the focus was on farming food coins and vampire attacks (LOL). One theme that is never far away in crypto, was that of governance. Having a decentralised network is one thing, have some working governance over it, is another challenge entirely. In keeping with the recent shift towards a more transparent, and open decision making process, we are also looking into ways in which we can further decentralise the governance of Beam. Although in the early stages of exploration, we welcome the community to share their ideas thoughts and opinions on how you see decentralised governance taking shape.

The exploration on more decentralised governance models, along with the the focus towards an application based DeFi framework, puts Beam in a great place moving forward. To keep up to date with the latest real time development taking place on the Beam DeFi front, you can check out the DeFi branch on Github.

Research and Development

The last week brought with it the very first episode of Beam Pulse (thanks to Fennec Fox for the great name). This episode sheds some light on Beam releases, the Proof of Concepts that Beam is currently working on, some community questions, cultural insights into Papa Carlo, and interview with David Burkett, creator of Grin ++.

The coming weeks episode of Beam Pulse will provide more insights into Beams Confidential DeFi, and the breakthroughs taking place regarding Beam <-> Ethereum bridges, and how this will take place. Focus is currently aimed at these bridges, Ethereum Atomic Swaps, the upcoming EE 5.1 release (ETA next week!?), and the aforementioned research towards a more decentralised governance model.

Press

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Beam 2020 Week #35 - Prove Your Concepts

Covering August 24th - August 30th 2020

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Beam News

This week Beam has been hard at it, with many an exciting news on the horizon. With the upcoming release of Eager Electron 5.1, and the updated Roadmap around the corner, things are moving fast. This week we are going to look at a few of the concepts being built out, and the early designs that will lead the way to confidential DeFi.

Prove Your Concepts

Every major feature starts with a series of controlled experiments meant to discover the best approach to architecture, design and implementation. This is called a Proof of Concept (or PoC for short). They are a first step in developing any new technology, and Beam Confidential DeFi Platform is no different. 

Along with testing and fixing issues in the upcoming 5.1 release, Beam Team has also started working on several PoC tasks which we will show and explain in greater detail in the upcoming weeks in our 

Beam Contracts

This PoC will include special types of transactions that will convert Beam and Confidential Asset UTXOs into internal states of a Contract, which can later be changed using Beam Script. A key part of this architecture is to allow Beam Contracts decentralized control over emission and burning of assets, thus enabling several important types of DeFi applications.

Ethereum Bridge

In this PoC we will test our ability to create a decentralized mechanism for synchronizing the system state between the two chains. This includes the ability to process Beam state represented by FlyClient protocol within Ethereum contracts, which includes the ability to calculate the blacke2b function that is not natively supported by Ethereum contracts.

Beam Application Framework (BAF)

Beam wallets are the most beautiful and usable in the industry. We want to try making them even better by allowing others to create applications that can run within the wallet, thus extending its capabilities. This can be achieved by providing built in application framework, and a set of development tools and API documentation. The PoC will explore the architectural and usability tradeoffs to turn Beam Wallet into a DeFi application powerhouse.

Research and Development

With enormous levels of work and innovation in progress, Alex wraps it up for us in the weekly development update. Check it out to see more on the incoming finalised Roadmap, more insight into the decentralised bridges with Ethereum, and the new name for our weekly development update.

The coming weeks Beam Pulse will bring us up to speed on the earlier mentioned PoCs, so be sure to subscribe and tune in on YouTube for the next episode, and let us know any questions or feedback you have.

Press

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Got news or articles to include in these newsletters? Any feedback? Any suggestions?

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