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 navigate to the application’s website, which generates a unique QR code representing an Optimism address.
Users can display their QR code or copy the address to send through email or messaging applications.
To back up their wallet, users log into Twitter through the application’s API and create a new password.
The password serves as a backup shard for Web3Auth, ensuring unauthorized transfers cannot be made.
Beam does not require users to own ETH to pay gas fees; fees can be paid with the coin used in the transfer.
The wallet broadcasts two separate transactions: the user’s requested transaction and a pledge to pay a third-party “paymaster” account for gas fees.
Paymasters cannot take more fees than authorized by the user.
Beam will also 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 the user experience with crypto wallets and make it accessible to ordinary people.