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Beam Updates And The DeFi Ecosystem

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So far, in this year 2021, Beam has been remarkable. Being the best-in-class privacy blockchain, Beam has been right in our faces with the release of new and exciting updates/products lately.

Without wasting much time, let us briefly look into some of these great achievements by the best-in-class privacy blockchain.

By the way, if you are hearing or reading about Beam for the first time, unearth more about this privacy gem right here https://beam.mw

Let’s start with the announcement of the completion of Pessimistic’s Security Audit of Beam. Take a look at these few findings amongst others about beam after the audit:

“The audit did not reveal any issues that endanger the security of the project in the current implementation.”

“The project is well designed, and the code base is thoroughly optimized.”

Now tell me, what else would you expect, from the best-in-class privacy blockchain as a Beamer? Yes, your answer is as good as mine, THE BEST!

This development, therefore, among other expectations, paved way for the distribution of BEAMX – “the governance token for the confidential Defi ecosystem”.

Another development which I personally find awesome is the release of the Beam Wallet Mobile Version 6.1. in my opinion, ‘omo! I dey feel the app die!’

Apart from it being user friendly and cool, the colourful nature of this app is sweet. Beamers can now view crypto prices in ETH, BTC and USD. Sending and receiving ‘confidential assets’ are now supported on mobile wallets. Beamers can now be more assured of their privacy.

The just concluded Community Call was mouth-watering eye opener. At this call, Beam unraveled what it has in store for Beamers and the entire confidential DeFi ecosystem at large.

In case you missed it, I have some of the ‘amebo’ summarized for you.

  • The release of Beam Web Wallet, paving the way for more to key into the confidential DeFi, and being responsible for their own privacy.
  • The coming of asset swaps. Imagine trading your confidential assets on top of Beam. Makes sense abi?
  • Mobile private DAPPS – I personally can’t wait for this.
  • Gist about Beam Staking slated to begin on 21st October ,2021.

I have saved the best for the last as far as this article is concerned. For some time now, Beam holders have been in eager anticipation for BeamX – a smart contract enabled DeFi built on the Beam blockchain. BeamX is privacy by default and maximum confidentiality DeFi governed by BeamX DAO.

The 21st of October 2021 came and BeamX is finally here. Beamers can get it “through participation in DAO activities, by providing liquidity to DeFi applications governed by the DAO…by staking BEAM.”

Developers also have the opportunity put their skill to good use in developing Dapps for the BeamX ecosystem. Users can even get free BEAM in small amounts from the built in Faucet DAPP.

In all, both users and developers are all in for an awesome ride. Beam has set the stage, are you ready?

Also if you want direct gist and information, and not summarized ‘amebo’, oya come here sharp sharp https://t.me/BeamAfrica and stay informed.

#beam #privacy #defi #competition #leo

Source(s): https://beam.mw https://twitter.com/beamprivacy https://beamprivacy.substack.com https://medium.com/beam-mw

Posted Using LeoFinance Beta