The Privacy Coin project Beam is developing the privacy DeFi platform Beam Confidential DeFi

Beam is building a platform, Beam Confidential DeFi, which allows developers to create private DeFi applications using various components and apis.

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Beam has completed most of its infrastructure functions with the release of Eager Electron 5.0. Beam is not limited to this, however, and is expected to be working on applications on the Beam Confidential DeFi platform in the second half of 2020 and throughout 2021.

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Any Beam user can become an "asset owner" by locking 3000 Beam to create a new asset type. The owner can emit or burn any number of newly created assets belonging to the owner, and the event is publicly visible on the blockchain and reflected in the blockchain browser. If the owner burns all the assets and unregisters the asset type, the locked deposit (3000 Beam) is retrieved. The resulting assets inherit all the confidentiality and extensibility of the Beam token and are handled by the Beam Wallet. It is important to note that while individual transactions and holdings are completely secret, the total supply of generated assets can be seen on the blockchain.

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Beam Confidential DeFi serves as a platform that provides all DeFi functions and keeps personnel operations and assets completely Confidential, Beam officials say.

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Text link:https://medium.com

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