Press Release: Wednesday, September 23rd, 2020, 8:00 GMT | Source: Beam
Since launching on January 3rd 2019, Beam has encouraged its community to consult towards Beam technological evolution. Today, 23rd September 2020, Beam have published their updated roadmap and is set to lead confidential decentralized finance with a range of exciting additions to its product family.
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A draft roadmap has already had extensive public consultations from the Beam community and today, the updated roadmap has been published.
Confidential DeFi Track
Work to combine two different architectural approaches, Scriptless Scripts and Beam Contracts are ongoing. Scriptless Scripts combined with Beams SBBS subsystem will allow implementation of decentralized and confidential, multiparty trading applications.
Scriptless Scripts and Beam Contracts together will provide a powerful infrastructure, able to support any existing DeFi use- case like Confidential Stable Coins, lending and trading – all confidential and decentralized.
5.2 (October — November 2020)
Beam Contract technology will include ability to create contracts with basic scripting capabilities and define clear APIs to use them. Most of this work is already in early design and research stages. Bridges to Ethereum offer the ability to represent wrapped tokens from other networks and will provide enormous benefits.
. Oracles on Beam will provide reference price points for traded assets and Beam is currently researching the possibility of building dedicated oracles, as well as integration with existing oracle providers. Perpetual swaps are a specific implementation of futures contracts without a definite expiration date. The application will utilize SBBS for creating contracts and Laser Beam payment channels for locking collateral, handling funding transactions and settlement.
(BEST IN CLASS) Wallet Track
Beam’s ’Eager Electron’ version release came with a consensus change on July 28th 2020 which activated Lelantus-MW and Confidential Asset support in Beam nodes. It also changed the mining algorithm to BeamHash III, the final of two planned PoW updates. Work on version 5.1 started