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The “Moonrise” initiative signals the next stage in the evolution of the Polkadot ecosystem’s new Moonbeam Network

by xyonent
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Moonbeam Banner Chainwire 1717546259pbq7ohluq0.jpg

Singapore, Singapore, June 5, 2024, Chainwire

Ambitious 2024 roadmap includes 8x throughput increase, zkAuth for Web2 Identity, massive grant funding, and more

Moonbeam Networka smart contract platform for building cross-chain connected applications, has announced its “Moonrise” initiative, with key pillars on its 2024 product roadmap including an 8x increase in throughput through the introduction of parallel processing, upgraded ecosystem integration, and improved developer and user experience. Moonrise marks the next stage in the evolution of Moonbeam and canary network Moonriver, which incorporates Axelar bridging technology.

More than two years after its mainnet launch in January 2022, Moonbeam has established itself as the leading solution for integrating networks such as Polkadot, Ethereum and the broader EVM ecosystem. The 2024 roadmap demonstrates Moonbeam’s commitment to continuously improve cutting-edge performance and experiences for developers and users.

Moonrise’s efforts are reflected in a comprehensive rebranding of Moonbeam’s look, emphasizing that Moonbeam is more than just a chain of stores: it’s a hub for developers, Web3 enthusiasts, interoperability supporters, and more.

“We’re excited to unveil Moonbeam’s new look in conjunction with our ambitious plans for 2024. This year we’ll be delivering improvements, upgrades and announcements to every aspect of our Moonbeam and MoonRiver networks.” Aaron Evans, operations director, Moonbeam Foundation“As our community of passionate supporters know, Moonbeam is a modern blockchain for developers and users with features that other networks still only dream of, as they remain in the testnet stage.”

A cornerstone of the 2024 roadmap is the enhancement of the core protocol with the introduction of Asynchronous Backup, a form of parallel processing that quadruples block spacing and halves block times to six seconds, increasing Moonbeam’s overall throughput by eight times.

Other improvements include ensuring compatibility and seamless interoperability with Ethereum’s gas-saving Dencun upgrade, a major UX upgrade for Moonbeam Routed Liquidity, and improved governance mechanisms.

Other highlights include:

  • Ecosystem Integration: Moonriver has been energized by Glacis integration for reliable cross-chain transactions, Tanssi integration for appchain deployment, and Axelar’s ​​Amplifier program and v3 AMM liquidity program for bridging.
  • Developer tools: dApp governance track, support for EIP-4337 account abstraction, and expanded tooling integrations for easier development, deployment, and debugging/monitoring.
  • User Experience: Zero Knowledge Initiative (zkAuth) for Web2 authentication, tokenomics incentive updates, and streamlined stablecoin flows.

The initiatives will begin rolling out immediately and will continue through the third and fourth quarters of 2024 and into 2025.

To check out Moonbeam’s new website and follow future developments for the network, see below. https://moonbeam.network.

About Moonbeam Network

moonlight is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By unifying the capabilities of Ethereum, Cosmos, Polkadot, and more on one platform, Moonbeam solves today’s fragmented user experience and enables true interoperability, paving the way for the next generation of applications. The Moonbeam platform uses unified cross-chain messaging to enable developers to write smart contracts that access services on many remote blockchains. This approach, combined with Moonbeam’s developer-friendly EVM platform, extensive tooling support, and modern Substrate architecture, creates an ideal development environment for building connected applications.

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Patrick Brendel
Scribe 3
[email protected]

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