Beam wallet, developed by Eco, allows users to generate an address without storing seed words and can be saved using a Twitter login.
The wallet runs in a browser window and requires no downloads.
Users can send transactions on Optimism without owning Ether (ETH).
To create a Beam wallet, users generate a unique QR code representing an Optimism address.
Users can display their QR code or copy the address to send through email or messaging apps.
To back up their wallet, users log into Twitter through the app’s API and create a new password.
The application uses Web3Auth to back up accounts, ensuring unauthorized transfers cannot be made.
Gas fees can be paid with the coin used in the transfer, eliminating the need for ETH.
The wallet broadcasts two separate transactions: the user’s requested transaction and a pledge to pay a third-party “paymaster” account for gas fees.
Beam will be released for Coinbase’s Base network when it officially launches in August.
User balances on Base and Optimism will be added together and shown as one total within the Beam app.
Beam aims to simplify crypto wallets and make them accessible to ordinary people.
