Beam second hard fork expected to take place on June 28th on Block 777,777

Beam second hard fork expected to take place at 8:00 on June 28 th(UTC+8), which scheduled in the road map.

The upgrade will enhance its privacy protections and lay out the foundations for creating privacy-first decentralized finance (DeFi) applications.

And now Beam is getting even more features. The new update, named Eager Electron 5.0, will add confidential assets to the Beam network. Confidential assets are a type of token that can be created on Beam, and can be used to represent practically anything, including other cryptocurrencies. They have the same levels of privacy and can be traded on Beam’s decentralized exchange (DEX).

Alex Romanov, Beam CTO said, 'As a part of building a confidential DeFi platform on top of the Beam blockchain, we will enable the creation of Mimblewimble-based sidechains and integrate a wide variety of Scriptless Contracts to support escrows, collateralized debt positions, multiparty transactions, and oracle-based settlements.'

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