Beam: Hard Fork
This network upgrade will occur at Block Height 777777, expected to be reached on 28 June 2020.
- PoW algorithm will change from BeamHash II to BeamHash III. More details on BeamHash III will be shared closer to the time.
- Activate support for Confidential Assets
- Activate support for Lelantus Mimblewimble
- Activate support for One Sided Payments
The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, it is periodically made changes. A hard fork is changes that are not compatible with previous versions of programs that support the cryptocurrency network and in order to continue to mine cryptocurrency, miners need to update the software.
In some situations, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash.