Privacy Cryptocurrency Beam plans to add privacy protection to the DeFi app in a June 28 hard fork upgrade

Pulse BlockBeats: Privacy Cryptocurrency Beam is getting a hard fork upgrade on June 28, which, in addition to enhancing privacy features, will lay the foundation for DeFi apps to create privacy protection.

DeFi has soared in value, but the problem is that most of its apps aren't very private. Most apps are typically built on the Ethereum blockchain, and all transactions are public. And by providing addresses and names, users can be identified and their transactions monitored. Therefore, if Beam can bring privacy into the DeFi domain, it will greatly enhance its privacy.

Beam CTO Alex Romanov (Alex Romanov) said, "as in Beam platform built with privacy part of DeFi application, we will create Mimblewimble side chain, based on the privacy agreement no script and integrate all kinds of Contracts (Scriptless Contracts) to support the escrow, mortgage debt positions, multilateral trading and settlement based on predicted machine."

The original address: https://decrypt.co/33217/privacy-coin-beam-wants-to-reinvent-decentralized-finance

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia