Beam Confidential Assets - Lock Amount
A lot of excitement surrounding the upcoming fork, especially with the addition of Confidential Assets.
One of the key components to Confidential Assets is the amount of Beams to lock for their creation. The locked Beam will only be redeemable after all of the Confidential Asset has been burned by the creator. For this to happen, they must own all of that particular Confidential Asset.
A lower locked amount reduces the barrier to entry for creating Confidential Assets.
A higher locked amount prevents the network being spammed with useless Confidential Assets.
Confidential Assets will extend Beam and allow trading of additional kinds of assets on the Beam blockchain with the same scalability and confidentiality of the Mimblewimble protocol.
For an in-depth overview of confidential assets, you can check out the detailed article here:
How many Beams should be locked to create a Confidential Asset?
Please share any addition feedback or thoughts you have regarding the Confidential Asset lock amount
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