The developers updated the roadmap for Beam blockchain development and the launch of BeamX, the confidential DeFi infrastructure. ForkLog was provided with the information by the project team.
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The cornerstone of further development was the third hard fork in the mainnet, which occurred on June 14, 2021 at block #1,280,000. The update made possible the use of smart contracts (Shaders). The wallet user interface was simplified by reducing address types, and confidential assets became accessible through the application.
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In the third quarter, the developers plan to unveil a Metamask-style browser wallet. In the future, the following is planned:
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- Beam Web Wallet will be directly connected to Metamask, providing direct access to assets on the Ethereum blockchain;
- The wallet interface update will simplify working with addresses;
- The app will enable the exchange of confidential assets.
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As part of preparations for the launch of BeamX, the project will shift to a decentralized governance system in the form of a decentralized autonomous organization — DAO Core, and will also create a marketplace of dapps.
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In the fourth quarter or later, the Beam team plans to launch:
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- inter-chain bridges;
- oracles;
- a stablecoin for the DeFi ecosystem.
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The project also intends to establish partnerships to implement automated market maker (AMM) and lending mechanisms.
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The continued development of the BeamX platform will be fostered by a grants system for dapp developers, with funding allocated according to the results of voting by the DAO Core community.
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Earlier, the Beam team raised $2 million to develop the BeamX platform.
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