BITCOINOX

The main events of September

In the coming month, several events will occur at once, which may affect both the value of individual assets and the market as a whole

BEAM Hard Fork (BEAM)
In early September, the BEAM network will be updated on block number 1,920,000. After the fork, the reward for creating new confidential assets will be adjusted to 10 BEAM, support for decentralized applications in the Beam wallet for the Beam Anonymous Naming Service application will be improved, and shader capabilities for checking the fork height will be added to support functions that depend on it.

The BEAM confidential blockchain is based on the MimbleWimble protocol and uses the Proof of Work (PoW) consensus algorithm.

Updating the main Secret Network (SCRT)
In mid-September, the Secret Network will host the Shockwave Delta update. The update will add support for CosmWasm 1.0, which is a smart contract platform created for the Cosmos (ATOM) ecosystem. This will allow smart contracts to interact with contracts in other blockchains using the Inter-Blockchain Communication (IBC) protocol. The ability to use IBC will allow you to send SNIP20 and CW20 tokens, which in turn will allow you to add these tokens to decentralized and centralized exchanges. It is also planned to update the WebAssembly engine to the Wasmer version and port the Mantlemint solution from the Terra blockchain, which will increase the processing of user requests.

The Secret Network blockchain was created by graduates of the Massachusetts Institute of Technology and was originally called Enigma. The project is designed to solve the privacy problems of blockchain technology and the mass introduction of Web3 applications through private smart contracts.

Ethereum Merger (ETH)
Merge or “Merge”, after which Ethereum will switch from the Proof of Work (PoW) algorithm to the Proof of Stake (PoS) algorithm, is expected between September 14 and 15.

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