Speaking with CoinDesk, CTO Alex Romanov said beam is on track with its initial goals. Romanov said the algorithm made beam more efficient and scalable:
Beam’s hard fork against ASICs, or application-specific integrated circuits, mirrors similar efforts by other cryptocurrencies, like privacy coin monero which hard forked in March over similar concerns.
Some cryptocurrency developers see ASICs as an unfair advantage for other users and often, in the name of decentralization or democratization of mining, have pushed for algorithms everyday laptops can run.
Going forward, Romanov says the foundation is focusing on the consumer side following a miner-focused hard fork. On the to-do-list includes atomic swaps, confidential asset development, hardware wallet integration with Trezor, and general wallet improvement.
Image via CoinDesk archives