Beam Hard Fork Announcement

Beam will execute the hard fork as previously announced in our Roadmap.

This network upgrade will occur at Block Height 1,820,000 expected to occur on June 24, 2022.

Breaking changes

• Activate support for IPFS (InterPlanetary File System) for storing large amounts of data to reduce blockchain bloat making Beam more efficient.
• Activate support for High-Frequency Transactions (HFTX) allowing Beam Wallet to communicate with nodes’ API reducing the likelihood of frontrunning and sandwich attacks.
• Activate support for Decentralized DApp Store making DApps more censorship-resistant and allowing Beamers to install DApps locally on their Beam Wallet.
• The amount of $BEAM required to mint new a confidential asset will be adjusted to 10 $BEAM in accordance with the wishes of the community. The outcome of the vote shall become binding following the hard fork.

Timeline

• Compatible releases of node, the wallet will be versioned 7.0.
• The Node and the Wallets binaries will be released around mid-May 2022 to allow everyone approximately 30 days to upgrade to the new version.
• All users will only need to upgrade their software to the latest version.

Compatibility

After Block Height 1,820,000 is reached, wallets earlier than 7.0 will stop working. The user will need to upgrade the wallets to version 7.0 or later to access their funds. Desktop users can download Beam Wallet version 7.0 here. The smartphone versions will follow later this week.

Contact

Any feedback? Any question? Any concern or problem?

Contact the Beam Team:

• Telegram Support Channel
• Telegram Community Channel
• Email: support@beam.mw

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