BEAM: Hard Fork
This network upgrade will occur at Block Height 777777, expected to be reached on 28 June 2020.
Breaking changes
- 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
What is a hardfork?
The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, changes are periodically introduced into it. A hard fork represents changes that are not compatible with previous versions of software supporting the cryptocurrency network. In order to continue to mine the cryptocurrency, miners need to update the software.
In some cases, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash and EthereumPoW.