Beam supports an ability to create new types of assets on the blockchain, called "Tokens" (a.k.a., Confidential Assets). Unlike Ethereum ERC-20 tokens, Beam tokens do not require Smart Contracts due to a Layer 1 implementation that designates each new Token as a first-class citizen in Beam nodes.
This approach has many advantages in both security and privacy. Beam Tokens are as private as Beam itself and offer native support with Beam wallets and DAPPs. Confidential Assets can be either emitted manually by a user or controlled by smart contracts within Beam Virtual Machine.
See Confidential Asset design for more information regarding Confidential Assets in Beam.
Example of RAYS confidential asset in Beam Wallet
Last modified 2mo ago
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