Beam 2021 Week #46 - Privacy Throughput

Covering November 15th - November 21st 2021

Download Beam Android Wallet | iOS Wallet | Desktop Wallet | Web Wallet

Beam News

With the BeamX launch and the Confidential DeFi ecosystem set to expand, it presents some interesting nuance as we shift from a primarily transaction based network, to one with a variety of private applications complimenting and working together, backed by smart contracts, allowing all that DeFi has to offer with the best-in-class privacy backing it up!

A couple of the important traits that present themselves when talking about DeFi applications are throughput, and miner extractable value. The former is fairly easy to wrap ones head around, with Beams current TPS being around 17 transactions per second. There are various solutions in existence that can help to ramp this number up, and long term it will likely be a combination of solutions, with various different tradeoffs and trust assumptions that lead Beam to be secure, decentralised, and with a high transaction throughput. As for miner extractable value (MEV) there are many more factors at play, with the space evolving at a rapid speed. Some examples of MEV are DEX arbitrage, liquidations, and sandwich trading.

One of the latest Beam schemes that can address some of the above is that of Hi Frequency transactions.

Beam Hi Frequency Transactions

Research into how this scheme can be developed is currently being explored and will be designed with smart contracts - Beam Shaders; in mind, as these shaders will undoubtedly be dependent on other transactions and the overall state of things, including throughput. The concept ensures insistence that dependant transactions will seek on being included in a specified block and at a given specified position, or not included at all. This urges development to create a strict inclusion rule for transactions, which can give pseudo confirmations before the transaction is included in the block, and can protect users from unwanted outcomes such as being front run on DEX trades. More research into these points is ongoing and you can rest assured, the most efficient and scalable method of ensuring BHFT will be designed, as is our continual striving; from the ground, up.

For a more in-depth outline on HFTs, you can read more on the Beam GitHub.

Staking!

As you know the BeamX initial staking campaign kicked off last month. It has seen huge support and confidence from the community, with the numbers continuing to rise since the contracts went live!

Total Stakers: 15377

Farmed: 351,978/1000000 (35.20%)

TVL in $BEAM: 20,691,235(20.35% of circ. supply)

TVL: $13,789,839

BeamX withdraw from contract: 77,783

If you are not yet staking, jump into the Beam Core Dapp and get your farm on! 🧑‍🌾

Community

More Beam NFTs than you can shake a stick at!

Privacy protection!

Beam Facts!


That is all for this week, but be sure to sign up, and stay tuned for all things Beam
.

Beam 2021 Week #45 - The Plentiful Mines of Beam!

Covering November 8th - November 14th 2021

Download Beam Android Wallet | Beam iOS Wallet | Beam Desktop Wallet

Beam News

The latest week saw a lot of discussion about the recently launched NFTs, with some new additions on both the NFT and Gallery fronts! Before all that, let’s take a step back and take a look at what Beam is all about!

Mine Moar Beam!

Last week bought up the 100 millionth mined Beam, and with that comes a reminder to mine moar Beam! As a proof of work crypto currency, Beam relies on GPU hash power to secure the network, and keep our transactions flowing. With the latest staking campaign and launch of the NFT marketplace, the Beam transactions are ramping up, giving miners a bigger reward on top of the block subsidy. Expect this to increase further with the roll out of more Dapps in the coming months!

Check out the latest from VoskCoin on all things mining and Beam!

Beam NFTs

The last week saw high demand from the community to re open the minting of NFTs utilising the current Alpha version of the confidential NFT Gallery. Due to technical reasons some limitations will be in effect on the files that can be uploaded. Decentralised self minting of Beam NFTs is in the works, so stay tuned for the announcement.

For NFT Minting:

  1. Up to 10 works per author will be uploaded each week on Thursdays

  2. Each image should not exceed 50 kilobytes in size

  3. Image format should be JPEG (.jpg or .jpeg) only

  4. Image file names should correspond to the name of the piece exactly

  5. Images should be sent as zip archive to nft@beam.mw email

  6. Artist name and public key should be included

  7. Artists will be notified in reply email once their submissions are uploaded at which point it is up to the artist to set the initial price

  8. In case images are not uploaded for any reason, artists will be notified

You can read the full discussion of the Beam NFTs on the Forum!

As of the above announcement we have seen some stunning new Beamverse Inhabitants and Beam Punk NFTs up for grabs. Along with the latest confidential NFTs comes an amazing new Web based NFT marketplace!

Check out BeamNFT.art for the latest and greatest confidential NFTs!

This gallery comes from the one and only Vsnation! A massive addition to his incredible suite of Beam tools and applications!

Staking!

As you know the BeamX initial staking campaign kicked off last month. It has seen huge support and confidence from the community, with the numbers continuing to rise since the contracts went live!

Total Stakers: 11797

Farmed: 281,887.37/1000000(28.19%)

TVL in $BEAM: 20,442,852(20.18% of circ. supply)

TVL in $: $13,924,914

BeamX withdraw from contract: 61,117.4106

If you are not yet staking, jump into the Beam Core Dapp and get your farm on! 🧑‍🌾

Community

Farm your BeamX!

Mine Stake Hodl!

That is all for this week, but be sure to sign up, and stay tuned for all things Beam

Beam 2021 Week #44 - The Privacy Standard

Covering November 1st - November 7th 2021

Download Beam Android Wallet | Beam iOS Wallet | Beam Desktop Wallet

Beam News

A historic week for Beam, with the circulating supply hitting 100 million!


A huge milestone for Beam and a good time to reflect on all that has been achieved, and look forwards to what lays ahead. An absolute pleasure having the support of Beamers the world over as we push the boundaries on privacy and the decentralised financial applications coming with it!

Beam NFTs!

The first Beam, and first ever private(?), NFTs dropped on mainnet with a boom and a bang late last month with the BEAM NFT Halloween Competition. These came with the early Alpha NFT marketplace accessible right from within the wallet! This was met with great fanfare, and a lot of action on the voting and sale sides. With the end of the competition the team chose to put a hold on new NFT uploads until the self minting was enabled for all. The intention being to help scale and bring about the best standards for the NFTs, while improvements on the marketplace continue to take place!

If you haven’t already, jump in the Beam Dapp Store and checkout the NFTs on the marketplace! We have a thread going on the Beam Forum, to collect feedback and suggestion on both, so sign up and let your voice be heard!

Beam Token Standard!

In order to make the most of both Confidential Assets and NFTs running on the Beam blockchain, it is important to have a standard implementation for developers to be able to follow. One of the key reasons for such, is to enable interoperability with the assets themselves, and the protocols on which they are being used. This requires the Beam Token Standard, which will allow developers, wallets, marketplaces and DeFi applications to interact with the tokens in a predictable and unified way.

An initial draft for the Beam Token Standard for both fungible and non-fungible tokens is coming to the forum this week. Be sure to follow the news on Beam Twitter to be first to know when it drops, and give your valuable feedback and insights to help in shaping Beam!

Staking!

As you know the BeamX initial staking campaign kicked off last month. It has seen huge support and confidence from the community, with the numbers continuing to rise since the contracts went live!

Total Stakers: 5493

Farmed: 205,167.43 of the 1000000 for the first phase of staking

TVL in $BEAM: 19,081,311 (18.91% of circ. supply)

TVL in $: $13,750,680

If you are not yet staking, jump into the Beam Core Dapp and get your farm on! 🧑‍🌾

Community

Things are heating up!

One Hundred… Million!

From the horses mouth!

The ghosts and ghouls!


That is all for this week, but be sure to sign up, and stay tuned for all things Beam

Beam 2021 Week #43 - A Nifty Alpha!

Covering October 18th - October 24th 2021

Download Beam Android Wallet | Beam iOS Wallet | Beam Desktop Wallet

Beam News

A spooky week for Beam, given the holiday season of Halloween, and the enormous unfolding of the powerful tech enabling the first Confidential NFTs!!! A huge step for Beam, and an even bigger one for Non Fungibles.

That’s right, this week Beam launched the first confidential NFTs, kicking off with a boom and a bang with the BEAM NFT Halloween Competition. The NFTs were aided by the freshly launched NFT Marketplace, an early alpha edition exemplifying but a little of what is to come for Beam and private NFTs!

Beam NFTs!

The BEAM NFT competition kicked off with a blast! Let us dive in and see what it was all about with some of the stats!

Most likes:

  • "Ball" by "Karen" id 71, 180 likes

  • "Beam girl in Halloween" by "Stone Ocean" id 25, 160 likes

  • "Beamr whale #1" by "BFL - Beamr for Life Collection" id 84, 109 likes

  • "Zeam dog_all" by "3Gen.mw" id 3, 83 likes

  • "BEAM to the Moon" by "Gellershtein" id 138, 81 likes

  • "Mainnet PIG" by "RIOTPIG" id 1, 65 likes

  • "BeamX Mummy" by "Yuvraj" id 9, 64 likes

  • "Zeam dog_G" by "3Gen.mw" id 4, 62 likes

  • "Zeam dog_M" by "3Gen.mw" id 6, 61 likes

  • "Beam Raider" by "Aryu" id 10, 60 likes

Total likes: 6085

Top Sales:

  • "Testnet PIG" by "RIOTPIG" id 2, 2999 BEAM

  • "Mr BEAM" by "Gellershtein" id 107, 1000 BEAM

  • "Beam's Sunrise" by "Gellershtein" id 108, 1000 BEAM

  • "Anarchy PIG" by "RIOTPIG" id 89, 900 BEAM

  • "BEAMX horse" by "Ketty Friz" id 129, 900 BEAM

  • "BEAM horse" by "Ketty Friz" id 98, 860 BEAM

  • "Watch BeamX" by "Gellershtein" id 106, 800 BEAM

  • "Golden ratio" by "Ketty Friz" id 97, 750 BEAM

  • "SDKC 20" by "NFT Nort" id 123, 650 BEAM

  • "Horse skull" by "Ketty Friz" id 99, 555 BEAM

Total value of sales: 23473.8 BEAM

A huge amount of attention and action for the first days of the Beam NFT marketplace, and the first ever confidential NFTs launched on none other than Beam! Some great participation and feedback from all those involved, and we are looking forward to progressing from this initial launch, adding more functionality to the platform.

Voting for the BEAM Halloween NFT competition closes tomorrow!


If you haven’t already, spin up your wallets, check out the latest and greatest, and vote for your favourite Beam NFT!

Community

BEAM. IS. PUNK.

Not to be Confused!

Spotted in the Wild!

The Man, the Myth, the Legend!


That is all for this week, but be sure to sign up, and stay tuned for all things Beam

Beam 2021 Week #42 - The Private Suite

Covering October 18th - October 24th 2021

Download Beam Android Wallet | Beam iOS Wallet | Beam Desktop Wallet

Beam News

A huge week for Beam with the hotly anticipated $BEAMX launch taking place on the 21st, and what smooth sailing so far!

A massive $14,000,000 Total Value Locked (TVL), 16,500,000 $BEAM, at the time of writing. Just four days after launch! If you are not already staking your $BEAM for $BEAMX, come join us in shaping the future of DeFi!

This number is set to expand with the suite of Private DeFi applications on the horizon, setting up Beam to take DeFi by storm and power privacy for the Crypto space! All of which can be found in the freshly published Beam Roadmap Update!

Beam Roadmap Update!

This week not only bought with it the the first phase for BeamX distribution, but an update on the Roadmap to keep Beamers in the know of what is on the cards for the rest of the year. And what a year it is shaping up to be!

Highlights:

  • Decentralised exchange(s) incoming!
    Both order book (like that seen with Atomic Swaps), and AMM decentralised exchanges are coming soon to Beam. Not only soon, but right around the corner, The Asset Swap is set to launch with the coming 6.2 release!

  • NFTs, NFTs, NFTs!
    Not just any NFTs, ones that keep your privacy intact! To kick things of, we have an upcoming announcement, involving NFTs, an initial Marketplace, and some good old fashioned festivities. Stay tuned! 👀

  • Confidential Stablecoin!
    In combination with the above DEX, the launch of the BeamX DAO, and the growth of the wider ecosystem, the Beam Confidential Stable coin will be an absolute game changer! May be here sooner than we think 👀

  • Extended Dapp support
    With the release (today!) of the Beam Web Wallet alpha, Dapp support is set to extend both to your browser and to your mobile!

You read that right, not only was BeamX launched and the roadmap updated, but this week also bought with it the Beam Web Wallet Alpha 6.2 release. This initial release supports Beam and Confidential Assets, with Dapp support coming in the near future. The web wallet opens up to a wider community looking to partake in the Beam ecosystem, and will soon be on par with the other Beam products!

The above is but a glimpse of what is on the cards for $BEAM, $BEAMX, and privacy for DeFi, NFTs, and the cryptosphere!

To see what else is up, check out the full Roadmap Update!

Community

BEAMX. IS. LIFE.

The Road Ahead!

An Extension on Privacy!

Farming in Privacy!


That is all for this week, but be sure to sign up, and stay tuned for all things Beam!

Loading more posts…