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Beam CEO Discussed Differences Between Its Confidential DeFi and MakerDAO, COMP

By Jenny Aurora | July 5, 2020
Beam CEO Discussed Differences Between Its Confidential DeFi and MakerDAO, COMP

Alexander Zaidelson – head of Beam – reportedly shared his remarks on how Beam’s recently enabled confidential DeFi will be distinguished from other DeFi like COMP and MakerDao

Specifically, major privacy digital coin Beam has reportedly experience a hard fork, which resulted in the activation of the support of confidential assets – Beam CA – which led to the issuance of independent tokens on the Beam blockchain

Zaidelson reportedly provided a detailed explanation, claiming that confidential DeFi is  “an ecosystem for financial services that have full confidentiality, great usability and also opt-in auditability.”

Zaidelson reportedly revealed his understanding of the goodness seen in different DeFi services such as, Compound and Maker, being “solid financial instruments”. He further dismissed the DeFi boom seen lately being compared to the the ICO boom 3 years ago, and reportedly referred to ICOs being “a flawed concept where people believed in invaded promises and lost their money.”

“They are built on Ethereum, which is an antithesis of privacy. Beam Confidential DeFi will offer evolved functionality plus financial privacy and all that with great usability and ability to audit transactions” Zaiderson further remarked.

Upon the question whether Beam’s DeFi are designed to serve the targeted audience different from those of COMP and Maker, he answered that “everyone need

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