Beam 2022 Week #18 - Brace Yourselves! Beam HardFork is Coming!
Covering April 25th-May 1st 2022
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The Beam Team has been working nonstop to deliver two knockout features. The Beam Wallet 7.0 mainnet launch is coming in ~10 days. Second, the Beam hard fork is scheduled to take place in mid-June at block height of 1,790,000.
After the Block Height of 1,790,000 is reached, wallets earlier than 6.0 will stop working. Users will have to upgrade their wallets to version 7.0 in order access to their funds.
What’s in the HardFork?
Let’s dig straight into the features:
IPFS Integration: The Beam blockchain will integrate to an IPFS (InterPlanetary File System) making it easier & cheaper to store large data such as NFTs, reducing blockchain clutter and making Beam more efficient.
HFTX: High-Frequency Transactions will dramatically increase Transactions Per Second (TPS) and enable Beam Wallets to view the mempool by communicating directly with the nodes’ API. This will reduce any chances of frontrunning and sandwich attacks.
Decentralized DApp Store: DApps on Beam just became more censorship-resistant. Install DApps locally onto your Beam Wallet by downloading from your favourite developers. These DApps never go offline and cannot be altered.
We need your feedback!
A Beamer community discussion is underway regarding the amount of $BEAM required to mint a confidential asset (the current amount being 3000 $BEAM ). This may change in the upcoming hard fork in Mid-June 2022 after a community feedback session, followed by voting.
A Tell-All Interview with Alex Romanov
Alex Romanov, Beam CTO was recently interviewed by the founder of CryptoNewsZ giving unique insights into how Beam started, the importance of privacy & a hint at what’s currently in development. Read the Interview here
Weekly Beam Space
In last week’s Beam Weekly Space, the Beam Team discussed the current situation of DeFi apps, the Beam Hard Fork and a peek at what the devs are cooking for Beam. Be sure to join us for the next instalment! Same Day, Same Time, Same Place.
Day: 8th of May
Time: 18:00 UTC
Location: Beam Twitter Space
As always, be sure to join.
Listen to last week’s Beam Space here.
Go Beamer Community!
The Best Privacy Coin? 😎
$BEAM is now available on Guardarian! Seamlessly swap $BEAM with fiat! 🔀
The Bots have spoken! 🤖
That is all for this week, but be sure to sign up, and stay tuned for all things Beam.