Beam 6.0 Hardfork Aims to Bring Better Privacy to DeFi

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The confidential cryptocurrency platform Beam is getting close to its next hardfork. This update aims to create a baseline for confidential DeFi opportunities. With the Hardfork, Beam sets the stage to fix the fundamental void in DeFi… Privacy,” explains Beam in its news update.
DeFi is the response to centralized financial institutions. It provides private ownership of financial assets to the person that owns them, rather than using an intermediary with some powers over them.However, while DeFi provides private ownership, it does not provide privacy. All transactions are listed publicly on a blockchain like Ethereum. This means anyone can see what is being done by various wallets, and who is doing it if they know who owns that wallet.
This is what Beam is trying to address with this latest hardfork. The platform aims to provide the privacy missing from the blockchain without compromising transparency and participation.Read More