Singapore, Singapore--(Newsfile Corp. - June 24, 2022) - "With the upcoming hard fork, Beam is poised to fix a fundamental void in DeFi… Privacy," explains Beam in its news update.
Beam Successful Hard Fork
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DeFi enables trustless banking powered by blockchain and smart contracts, eliminating the need for centralized entities. DeFi ensures that the owner of a digital asset is its true custodian, rather than an intermediary that holds the asset on the owner's behalf. e.g. user funds stored on exchanges are actually stored on that exchange's wallet.
However, while DeFi provides private ownership and permissionless banking, it does not provide users privacy. All transactions are listed publicly on a blockchain like Ethereum. This means anyone can see what is being done by various wallets, and of course, take advantage of that knowledge.
On public...
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