Home » Cryptocurrency News » Cryptocurrency News » ‘Everything Will Move to Confidential DeFi‘ Beam’s CEO Says ‘Everything Will Move to Confidential DeFi‘ Beam’s CEO Says July 4, 2020 In the time of DeFi boom, how will Beam’s confidential DeFi stand different from others? Beam CEO Alexander Zaidelson spoke to Cointelegraph.
1313 Total views
41 Total shares On June 29th, major privacy cryptocurrency Beam underwent a hard fork to enable “Confidential DeFi” on Beam.In the time of the DeFi boom, how will Beam’s confidential DeFi be different from other DeFi such as COMP and MakerDao? Alexander Zaidelson, the CEO of Beam, spoke to Cointelegraph about its prospects.The Beam hard fork activated the support of confidential assets, or Beam CA, which enabled independent tokens to be issued on the Beam blockchain.It is a key component of the confidential DeFi, benefitting from the confidentiality and scalability features of Beam.Zaidelson explained that confidential DeFi is “an ecosystem for financial services that have full confidentiality, great usability and also opt-in auditability.” Zaidelson acknowledged the merit of other DeFi services like Compound and Maker as “solid financial instruments”.Indeed he dismissed a comparison between the recent DeFi boom and the ICO boom in 2017, and described ICOs as “a flawed concept where people believed in invaded promises and lost their money.” But he also pointed out the difference from Beam’s DeFi as follows: “They are built on Ethereum, which is an antithesis of privacy.Beam Confidential DeFi will offer evolved functionality plus financial privacy and all that with great usability and ability to audit transactions” When asked if Beam’s DeFi targets audiences different from those of COMP and Maker, he answered that “everyone needs privacy, so eventually, everything will move to confidential DeFi.”
Compound’s governance token COMP has been wildly successful in the initial period since launching.
It only took a single day of trading for COMP to dethrone Maker (MKR) from the leader of the decentralized finance rankings.
Share this: BBC: New Files Allegedly Connect $450M in Lost Bitcoin to Russian Intelligence $450 million worth of lost cryptocurrency from the now-defunct cryptocurrency exchange WEX may have been transferred to a fund belonging to Russian intelligence agency the Federal Security Bureau (FSB), according to an investigation by the BBC’s Russian Service published on Nov.15.The BBC’s recent investigation into the BTC-e crypto exchange case, in which co-founder Alexander… Blockchain Startup Enables Litecoin Transactions via Telegram Messenger Litecoin (LTC) transactions are now available via encrypted messenger app Telegram, Litecoin founder Charlie Lee tweeted today, Aug.
9.A bear market is the best time for people to work on adoption.Check out https://t.co/Ua8LQz9f4h.Send and recieve LTC on telegram.Eventually, it will support SMS also.
Great work @ztxrepublic team! ? We build it… Broadway’s Biggest Ticket Operator to Use IBM Blockchain Against Scams Broadway’s largest ticket operator, the Shubert Organization, is integrating a blockchain solution into its business in a forthcoming pilot targeted at combating ticket fraud.The organization, via its Telecharge and Shubert Ticketing division, has partnered with Boston-based startup True Tickets, which offers an IBM blockchain-powered mobile ticketing solution.News of the partnership was revealed in an… Former CFTC Exec and Crypto Advocate Bart Chilton Dies at Age 58 Bart Chilton, former executive at the U.S.Commodity Futures Trading Commission (CFTC) and known crypto advocate, has died at age 58 after a reportedly sudden illness.TV channel RT America broke the news on April 27.A former member of the United States House of Representatives from 1985 to 1995, Chilton served at the CFTC’s Energy… Bitcoin Price Fights to Hold $10K Support While Altcoins See Drops Saturday, Aug.24 — crypto markets continued to see red today as Bitcoin (BTC) has dipped below $10,000 price mark several times over the past 12 hours.Only two out of the top-20 coins by market cap are seeing gains over the past 24 hours at press time, including Cardano (ADA) and NEO (NEO), which are… Disgruntled Investor Appeals to U.S.SEC Guidelines in Class Action Suit Against Ripple XRP investor Bradley Sostack has amended a class action suit against Ripple, in which he alleges that the company misled investors and proceeded to sell XRP as an unregistered security, in violation of federal law.Sostack submitted his latest filing on Aug.
5 to a United States district court in California.According to a report by… Fed Chair Teases Use of Ethereum-Based Interest Reference Rates U.S.Fed Chair Jerome Powell said an Ethereum-based interest reference rate works, but maybe not for everyone.760 Total views 37 Total shares In a May 28 letter to Senator Tom Cotton (R-AR), Jerome Powell, Chairman of the U.S.Federal Reserve, described an interest reference rate based on the Ethereum blockchain, called Ameribor, as effective… Horizen Labs Raises $4 Million to Build Sidechain-as-a-Service Platform Horizen Labs — a tech firm that helps businesses build distributed ledger platforms — has raised $4 million in funding, according to a blog post published on April 11.Horizen Labs initially aimed to raise $2 million in seed funding, but overshot its goal and received $4 million from Digital Currency Group — an institutional trading… Price Analysis Mar 18: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO The unprecedented volatility in the equity markets continues as the traders are trying to assess the economic damage and the remedial measures that have been taken to support the economy.A growing number of developed nations have announced huge stimulus packages to soften the impact of the pandemic.However, billionaire investor Tim Draper believes that Bitcoin… .