Place/Date: - May 20th, 2021 at 12:00 pm UTC · 4 min read Contact: Beam, Source: Beam Foundation Beam, a layer one privacy blockchain based on a suite of privacy-centric tech such as Mimblewimble, Lelantus-MW and Dandelion has raised $2M to build a decentralized finance ecosystem on a private and scalable blockchain. The funding will be used to promote Beam’s upcoming blockchain upgrade, which will see the blockchain introduce more support for Confidential Assets and Smart Contracts running in the Beam Virtual Machine, executing code compiled to WebAssembly (WASM). The Beam protocol enables Confidential Assets, allowing developers to create tokens that are fully private and integrated as first-class citizens on the Beam blockchain, thus benefiting from the same strong privacy guarantees.