One more Friday with Beam and Paradigm! Regarding the development side, Beam was stable as always: they continue to reach milestones and move forward on the roadmap. Two especially significant updates occurred. Firstly, the Beam Foundation was announced. After over 18 months of living and working as a company, Beam is declaring the first step towards decentralization! The Foundation will manage the funds allocated to it in Beam Treasury in order to continue the development and advance of Beam protocol and to encourage the more comprehensive privacy-related agenda. Beam Company will transform into the Beam Core Group soon and will act as the development arm of the Beam Foundation. They will continue to work on the previously announced roadmap and to deliver on the Beam vision. The Board will perform the Governance of the Foundation, and a simple majority of votes will take all the decisions. The Beam Foundation will be providing financial reports of its activity and publish them on the Foundation website, along with other information.

Secondly, the long-awaited Atomic Swaps Marketplace is now available. Beam developers launched Double Doppler 4.0 — Beam Desktop Wallet with Atomic Swaps. Everyone can now publish offers and execute Beam-BTC, Beam-LTC and Beam-QTUM swaps right from the Beam Wallet, in a fully decentralized manner, confidentially and without any counterparty risk. It is the first time when a privacy coin offers such a market place. For Beam, it is the first step towards a full-fledged DeFi ecosystem that they will be continuing to build in the upcoming months.

Team Beam was also active socially. Lately, they had a fantastic event in Uzbekistan. Beam seems to be quite popular there, Central Asian countries embracing new technology and moving a step ahead on utilizing blockchain in their system. Besides, they had a fantastic time with their Nigerian community during the AMA in partnership with Binance. Beam was also invited to participate in the 100th installment of Base block Podcast. Several posts from various international media appeared: read a story by Wired to learn that Even Privacy-Focused Cryptocurrencies Can Spill Your Secrets, read Alexander Zaidelsons’ interview by Crypto Murmur and discover more about the recent update on the Beam Foundation with a story by Crypto Ninjas.

The community remains growing in social networks and participating in chats. Beam with pride, and stay with us!